ACCOUNTS - Final Accounts preparation

Company registration number: 05505297

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 DECEMBER 2024

	ALLWASTE (BERKSHIRE) LIMITED


ALLWASTE (BERKSHIRE) LIMITED

COMPANY INFORMATION

Director	J R Tanner


Registered number	05505297


Registered office	Rose Cottage
	Foundry Lane
	Slough
	SL3 9PD


Accountants	Menzies LLP
	Chartered Accountants
	Magna House
	18-32 London Road
	Staines-Upon-Thames
	TW18 4BP


ALLWASTE (BERKSHIRE) LIMITED

CONTENTS

	Page
Statement of Financial Position	1 - 2
Notes to the Financial Statements	3 - 8


ALLWASTE (BERKSHIRE) LIMITED REGISTERED NUMBER:05505297

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£

Fixed assets
Tangible assets	4		582,411		371,058
			582,411		371,058
Current assets
Debtors: amounts falling due within one year	5	409,378		386,379
Cash at bank and in hand		204,610		108,960
		613,988		495,339
Creditors: amounts falling due within one year	6	(520,485)		(283,344)
Net current assets			93,503		211,995
Total assets less current liabilities			675,914		583,053
Creditors: amounts falling due after more than one year	7		(109,499)		(80,497)
Provisions for liabilities
Deferred tax		(145,603)		(92,764)
			(145,603)		(92,764)
Net assets			420,812		409,792

Capital and reserves
Called up share capital	2	2
Profit and loss account	420,810	409,790
	420,812	409,792

Page 1


ALLWASTE (BERKSHIRE) LIMITED REGISTERED NUMBER:05505297

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 DECEMBER 2024

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

J R Tanner

Director

Date: 22 September 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 2


ALLWASTE (BERKSHIRE) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

Allwaste (Berkshire) Limited is a private company, limited by shares, registered in England and Wales. The address of the registered office and principal place of business is given in the company information page of these financial statements.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Going concern

The financial statements have been prepared on a going concern basis. No significant judgements or estimates have been used by management in assessing the appropriateness of going concern.

2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is generated by services provided in the collection of non-hazardous waste and is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

2.4

Operating leases: the company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

2.5

Leased assets: the company as lessee

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to profit or loss so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Page 3


ALLWASTE (BERKSHIRE) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line and reducing balance method.

Depreciation is provided on the following basis:

Short-term leasehold property	-	10%	Straight-line
Plant and machinery	-	8%	Reducing balance
Motor vehicles	-	20%	Reducing balance
Computer equipment	-	33%	Straight-line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4


ALLWASTE (BERKSHIRE) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.8

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Increases in provisions are generally charged as an expense to profit or loss.

Employees

The average monthly number of employees, including directors, during the year was 22 (2023 - 18).

4.	Tangible fixed assets

	Short-term leasehold property	Plant and machinery	Motor vehicles	Computer equipment	Total
	£	£	£	£	£
Cost or valuation
At 1 January 2024	5,200	1,052,700	-	7,612	1,065,512
Additions	-	39,000	287,200	-	326,200
Disposals	-	(24,820)	(108,750)	-	(133,570)
Transfers between classes	-	(459,750)	459,750	-	-
At 31 December 2024	5,200	607,130	638,200	7,612	1,258,142
Depreciation
At 1 January 2024	520	689,166	-	4,768	694,454
Charge for the year on owned assets	520	21,328	40,035	464	62,347
Disposals	-	(24,820)	(56,250)	-	(81,070)
Transfers between classes	-	(270,345)	270,345	-	-
At 31 December 2024	1,040	415,329	254,130	5,232	675,731
Net book value
At 31 December 2024	4,160	191,801	384,070	2,380	582,411
At 31 December 2023	4,680	363,534	-	2,844	371,058

Included within the net book value of assets is £301,820 (2023: £151,750) relating to assets held under hire purchase agreements. The depreciation charge to the profit and loss account in the year in respect of such assets amounted to £80,420 (2023: £44,750).

Page 5


ALLWASTE (BERKSHIRE) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Debtors

					2024	2023
					£	£


Trade debtors	231,144	194,674
Other debtors	178,234	191,705
	409,378	386,379

6.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Bank loans	10,341	10,075
Trade creditors	99,696	83,475
Corporation tax	84,170	-
Other taxation and social security	70,619	22,913
Obligations under finance lease and hire purchase contracts	132,507	71,074
Other creditors	6,652	4,807
Accruals and deferred income	116,500	91,000
	520,485	283,344

Page 6


ALLWASTE (BERKSHIRE) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

7.	Creditors: Amounts falling due after more than one year
		2024	2023
		£	£

Bank loans	6,143	16,497
Net obligations under finance leases and hire purchase contracts	103,356	64,000
	109,499	80,497

The following liabilities were secured:
	2024	2023
	£	£


Bank loans	16,484	26,572
Obligations under finance leases and hire purchase contracts	235,863	135,074
	252,347	161,646

Details of security provided:

Bank loans are secured by way of government guarantee under the Bounce Back Loan Scheme.
Obligations under hire purchase contracts are secured over the assets to which they pertain.

Page 7


ALLWASTE (BERKSHIRE) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

8.	Transactions with directors

As at the balance sheet date the director owed the company £177,634 (2023 : £120,116). Interest is accrung on the balance at 2.25%.

		2024	2023
		£	£

Balance at the start of the year	120,116	117,274
Amount advanced	185,626	160,642
Amount repaid	(128,108)	(157,800)
	177,634	120,116

Page 8