ACCOUNTS - Final Accounts preparation

Registered number: 13216262

CAMPION ENVIRONMENTAL GROUP LIMITED

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

CAMPION ENVIRONMENTAL GROUP LIMITED

COMPANY INFORMATION

Directors	K J Campion
	J K Campion (resigned 25 February 2025)


Registered number	13216262


Registered office	The Old Brickworks Pike Road
	Tilmanstone
	Dover
	Kent
	CT15 4ND


Independent auditors	Magee Gammon Corporate Limited
	Chartered Accountants & Statutory Auditors
	Henwood House
	Henwood
	Ashford
	Kent
	TN24 8DH

CAMPION ENVIRONMENTAL GROUP LIMITED

CONTENTS

	Page
Group strategic report	1 - 2
Director's report	3 - 4
Independent auditors' report	5 - 8
Consolidated statement of comprehensive income	9
Consolidated balance sheet	10
Company balance sheet	11
Consolidated statement of changes in equity	12 - 13
Company statement of changes in equity	14 - 15
Consolidated statement of cash flows	16 - 17
Consolidated analysis of net debt	18
Notes to the financial statements	19 - 38

CAMPION ENVIRONMENTAL GROUP LIMITED

GROUP STRATEGIC REPORT

FOR THE YEAR ENDED 31 DECEMBER 2024

Introduction

The Group offer advanced Waste Management Solutions and Skip Hire accross Kent
The directors present their strategic report for the group for the year ended 31 December 2024.

Business review

The results for the group show a pre–tax profit of £535,546 (2023: £639,405) and sales of £11,036,848 (2023: sales of £11,556,141). The directors consider that the group is well positioned for the upcoming year and further ahead.

Principal risks and uncertainties

The management team of the group are responsible for the consideration and addressing the principal risks and uncertainties that the company faces or has faced. Ultimately the group’s directors review and manages the risks. Key risks are identified below.
Employee retention
The group’s results rely to a large extent on their staff and the ability to provide the services on a timely and effective basis. To that end, the management of the group continues to review programmes and methods to retain staff as best as possible and ensuring that remuneration packages are representative of the market.
General market conditions
The group is aware that it operates in a very competitive market and continues to regularly review its procedures and systems to ensure that it is able to respond to any pressures on margins and attracting new work.
Financial risk management
The group’s funding, liquidity and exposure to interest rate risks are managed by the group’s directors and management team via a framework of policies and guidelines laid down by the directors.
The group’s financial instruments comprise of borrowings, cash and liquid resources and various items such as trade debtors and creditors that arise directly from its operations. The group publishes its financial statements in pounds sterling.

Financial key performance indicators

Given the nature of the business, the group’s directors are of the opinion that the primary Key Performance Indicator (KPI) to understand the position of the business particular in relation to its competition, objectives and cash flow position is its Earnings before Interest, Taxes, Depreciation and Amortisation (EBITDA).
EBITDA
The group’s EBITDA was £1,920,019 for the period (2023: £2,036,841)

Other key performance indicators

Other than indicators highlighted above, the directors do not feel that there are any further key performance indicators.

Page 1

CAMPION ENVIRONMENTAL GROUP LIMITED

GROUP STRATEGIC REPORT (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2024

This report was approved by the board on 25 September 2025 and signed on its behalf.

___________________________

K J Campion

Director

Page 2

CAMPION ENVIRONMENTAL GROUP LIMITED

DIRECTOR'S REPORT

FOR THE YEAR ENDED 31 DECEMBER 2024

The director presents his report and the financial statements for the year ended 31 December 2024.

Director's responsibilities statement

The director is responsible for preparing the Group strategic report, the Director's report and the consolidated financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the Company and the Group and of the profit or loss of the Group for that period.

In preparing these financial statements, the director is required to:

∙select suitable accounting policies for the Group's financial statements and then apply them consistently;

∙make judgments and accounting estimates that are reasonable and prudent;

∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Group will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and the Group and to enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the Company and the Group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Results and dividends

The profit for the year, after taxation, amounted to £291,870 (2023 - £474,116).

Ordinary dividends were paid amounting to £69,000. the directors do not recommend payment of a further dividend.

Directors

The directors who served during the year were:

K J Campion

J K Campion (resigned 25 February 2025)

Future developments

The directors will continue to explore new opportunities for the Group to continue to grow and prosper for the foreseeable future.

Disclosure of information to auditors

The director at the time when this Director's report is approved has confirmed that:

∙so far as is aware, there is no relevant audit information of which the Company and the Group's auditors are unaware, and

∙ has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company and the Group's auditors are aware of that information.

Page 3

CAMPION ENVIRONMENTAL GROUP LIMITED

DIRECTOR'S REPORT (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2024

Post balance sheet events

There have been no significant events affecting the Group since the year end.

Auditors

The auditors, Magee Gammon Corporate Limited, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.

This report was approved by the board on 25 September 2025 and signed on its behalf.

___________________________

K J Campion

Director

Page 4

CAMPION ENVIRONMENTAL GROUP LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF CAMPION ENVIRONMENTAL GROUP LIMITED

Opinion

We have audited the financial statements of Campion Environmental Group Limited (the 'parent Company') and its subsidiaries (the 'Group') for the year ended 31 December 2024, which comprise the Consolidated statement of comprehensive income, the Consolidated balance sheet, the Company balance sheet, the Consolidated statement of cash flows, the Consolidated statement of changes in equity, the Company statement of changes in equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

∙give a true and fair view of the state of the Group's and of the parent Company's affairs as at 31 December 2024 and of the Group's profit for the year then ended;

∙have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

∙have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group's or the parent Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.

Page 5

CAMPION ENVIRONMENTAL GROUP LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF CAMPION ENVIRONMENTAL GROUP LIMITED (CONTINUED)

Other information

The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' report thereon. The director is responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinion on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

∙the information given in the Group strategic report and the Director's report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

∙the Group strategic report and the Director's report have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the Group and the parent Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group strategic report or the Director's report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

∙adequate accounting records have not been kept by the parent Company, or returns adequate for our audit have not been received from branches not visited by us; or

∙the parent Company financial statements are not in agreement with the accounting records and returns; or

∙certain disclosures of director's remuneration specified by law are not made; or

∙we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Director's responsibilities statement set out on page 3, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the director is responsible for assessing the Group's and the parent Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the Group or the parent Company or to cease operations, or have no realistic alternative but to do so.

Page 6

CAMPION ENVIRONMENTAL GROUP LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF CAMPION ENVIRONMENTAL GROUP LIMITED (CONTINUED)

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these Group financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Capability of the audit in detecting irregularities including fraud
Based on our understanding of the company, we have considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006. We evaluated management incentives and opportunities for fraudulent manipulation of the financial statements including management override, and considered that the principal risk was related to the posting of inappropriate journal entries to improve the result before tax for the year.
We designed audit procedures to respond to the risk, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery, misrepresentations or through collusion.
Procedures performed by the audit team included:
• Discussions with management regarding known or suspected instances of non-compliance with laws and regulations;
• Evaluation of controls designed to prevent and detect irregularities; and
• Assessing journal entries as part of our planned audit approach.
There are inherent limitations in the audit procedures described above, and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. As in all of our audits we also addressed the risk of management override of internal controls, including testing journals and evaluating whether there was evidence of bias by the directors that represented a risk of material misstatement due to fraud.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' report.

Page 7

CAMPION ENVIRONMENTAL GROUP LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF CAMPION ENVIRONMENTAL GROUP LIMITED (CONTINUED)

Use of our report

This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.

Andrew John Childs (Senior statutory auditor)

for and on behalf of

Magee Gammon Corporate Limited

Chartered Accountants

Statutory Auditors

Henwood House

Henwood

Ashford

Kent

TN24 8DH

25 September 2025

Page 8

CAMPION ENVIRONMENTAL GROUP LIMITED

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

FOR THE YEAR ENDED 31 DECEMBER 2024

	2024	2023
Note


Turnover	4	11,036,848	11,556,141
Cost of sales		(7,776,256)	(7,991,078)
Gross profit		3,260,592	3,565,063
Administrative expenses		(2,203,653)	(2,372,996)
Other operating income	5	7,442	13,909
Operating profit	6	1,064,381	1,205,976
Interest receivable and similar income	10	-	671
Interest payable and similar expenses	11	(528,835)	(567,242)
Profit before taxation		535,546	639,405
Tax on profit	12	(243,676)	(165,289)
Profit for the financial year		£291,870	£474,116


Total comprehensive income for the year		£291,870	£474,116

Profit for the year attributable to:
Owners of the parent Company	291,870	474,116
	£291,870	£474,116

Total comprehensive income for the year attributable to:
Owners of the parent Company	291,870	474,116
	£291,870	£474,116

The notes on pages 19 to 38 form part of these financial statements.

Page 9

CAMPION ENVIRONMENTAL GROUP LIMITED

REGISTERED NUMBER: 13216262

CONSOLIDATED BALANCE SHEET

AS AT 31 DECEMBER 2024

		2024		2023
Note

Fixed assets
Intangible assets	14		21,351		40,823
Tangible assets	15		7,610,483		8,339,781
Investments	16		10		10
			7,631,844		8,380,614
Current assets
Stocks	17	26,331		21,301
Debtors: amounts falling due within one year	18	1,815,655		1,668,057
Cash at bank and in hand	19	12,648		1,956
		1,854,634		1,691,314
Creditors: amounts falling due within one year	20	(3,650,975)		(3,918,179)
Net current liabilities			(1,796,341)		(2,226,865)
Total assets less current liabilities			5,835,503		6,153,749
Creditors: amounts falling due after more than one year	21		(3,375,052)		(3,955,986)
Provisions for liabilities
Deferred taxation	25	(443,000)		(403,182)
			(443,000)		(403,182)
Net assets			£2,017,451		£1,794,581

Capital and reserves
Called up share capital	26	10	10
Merger reserve	27	2	2
Profit and loss account	27	2,017,439	1,794,569
		£2,017,451	£1,794,581

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 25 September 2025.

___________________________

K J Campion

Director

The notes on pages 19 to 38 form part of these financial statements.

Page 10

CAMPION ENVIRONMENTAL GROUP LIMITED

REGISTERED NUMBER: 13216262

COMPANY BALANCE SHEET

AS AT 31 DECEMBER 2024

		2024		2023
Note

Fixed assets
Tangible assets	15		4,330,526		4,359,632
Investments	16		8		8
			4,330,534		4,359,640
Current assets
Debtors: amounts falling due within one year	18	4,932		3,680
Cash at bank and in hand	19	12,633		1,942
		17,565		5,622
Creditors: amounts falling due within one year	20	(840,663)		(915,522)
Net current liabilities			(823,098)		(909,900)
Total assets less current liabilities			3,507,436		3,449,740

Creditors: amounts falling due after more than one year	21		(3,085,449)		(3,258,069)
Provisions for liabilities
Deferred taxation	25	(103,919)		(10,469)
			(103,919)		(10,469)
Net assets			£318,068		£181,202

Capital and reserves
Called up share capital	26		10		10
Profit and loss account brought forward		181,192		53,714
Profit for the year		205,866		207,478
Other changes in the profit and loss account		(69,000)		(80,000)
Profit and loss account carried forward			318,058		181,192
			£318,068		£181,202

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 25 September 2025.

___________________________

K J Campion

Director

The notes on pages 19 to 38 form part of these financial statements.

Page 11

CAMPION ENVIRONMENTAL GROUP LIMITED

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 DECEMBER 2024

	Called up share capital	Merger reserve	Profit and loss account	Equity attributable to owners of parent Company	Total equity
At 1 January 2024	10	2	1,794,569	1,794,581	1,794,581
Comprehensive income for the year
Profit for the year	-	-	291,870	291,870	291,870
Total comprehensive income for the year	-	-	291,870	291,870	291,870
Contributions by and distributions to owners
Dividends: Equity capital	-	-	(69,000)	(69,000)	(69,000)
Total transactions with owners	-	-	(69,000)	(69,000)	(69,000)
At 31 December 2024	£10	£2	£2,017,439	£2,017,451	£2,017,451

The notes on pages 19 to 38 form part of these financial statements.

Page 12

CAMPION ENVIRONMENTAL GROUP LIMITED

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 DECEMBER 2023

	Called up share capital	Merger reserve	Profit and loss account	Equity attributable to owners of parent Company	Total equity
At 1 January 2023	10	2	1,400,453	1,400,465	1,400,465
Comprehensive income for the year
Profit for the year	-	-	474,116	474,116	474,116
Total comprehensive income for the year	-	-	474,116	474,116	474,116
Contributions by and distributions to owners
Dividends: Equity capital	-	-	(80,000)	(80,000)	(80,000)
Total transactions with owners	-	-	(80,000)	(80,000)	(80,000)
At 31 December 2023	£10	£2	£1,794,569	£1,794,581	£1,794,581

The notes on pages 19 to 38 form part of these financial statements.

Page 13

CAMPION ENVIRONMENTAL GROUP LIMITED

COMPANY STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 DECEMBER 2024

	Called up share capital	Profit and loss account	Total equity
At 1 January 2024	10	181,192	181,202
Comprehensive income for the year
Profit for the year	-	205,866	205,866
Total comprehensive income for the year	-	205,866	205,866
Contributions by and distributions to owners
Dividends: Equity capital	-	(69,000)	(69,000)
Total transactions with owners	-	(69,000)	(69,000)
At 31 December 2024	£10	£318,058	£318,068

The notes on pages 19 to 38 form part of these financial statements.

Page 14

CAMPION ENVIRONMENTAL GROUP LIMITED

COMPANY STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 DECEMBER 2023

	Called up share capital	Profit and loss account	Total equity
At 1 January 2023	10	53,714	53,724
Comprehensive income for the year
Profit for the year	-	207,478	207,478
Total comprehensive income for the year	-	207,478	207,478
Contributions by and distributions to owners
Dividends: Equity capital	-	(80,000)	(80,000)
Total transactions with owners	-	(80,000)	(80,000)
At 31 December 2023	£10	£181,192	£181,202

The notes on pages 19 to 38 form part of these financial statements.

Page 15

CAMPION ENVIRONMENTAL GROUP LIMITED

CONSOLIDATED STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 DECEMBER 2024

2024

2023

Cash flows from operating activities
Profit for the financial year	291,870	474,116
Adjustments for:
Amortisation of intangible assets	19,472	25,305
Depreciation of tangible assets	837,916	815,515
Loss on disposal of tangible assets	(1,750)	(9,955)
Interest paid	528,835	567,244
Interest received	-	(671)
Taxation charge	243,676	165,289
(Increase) in stocks	(5,030)	(10,993)
(Increase) in debtors	(147,598)	(70,124)
Increase/(decrease) in creditors	42,418	(573,498)
Corporation tax received	-	123,351
Net cash generated from operating activities	1,809,809	1,505,579

Cash flows from investing activities
Purchase of tangible fixed assets	(110,868)	(399,400)
Sale of tangible fixed assets	4,000	25,100
Interest received	-	671
HP interest paid	(72,491)	(118,767)
Net cash from investing activities	(179,359)	(492,396)
Cash flows from financing activities
New secured loans	-	360,500
Repayment of loans	(430,322)	(332,020)
Repayment of/new finance leases	(699,411)	(606,277)
Movements on invoice discounting	18,509	8,751
Dividends paid	(69,000)	(80,000)
Interest paid	(442,475)	(448,477)
Net cash used in financing activities	(1,622,699)	(1,097,523)
Net increase/(decrease) in cash and cash equivalents	7,751	(84,340)
Cash and cash equivalents at beginning of year	(5,340)	79,000
Cash and cash equivalents at the end of year	£2,411	£(5,340)

Cash and cash equivalents at the end of year comprise:

Page 16

CAMPION ENVIRONMENTAL GROUP LIMITED

CONSOLIDATED STATEMENT OF CASH FLOWS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2024

		2024	2023


Cash at bank and in hand	12,648	1,956
Bank overdrafts	(10,237)	(7,296)
	£2,411	£(5,340)

The notes on pages 19 to 38 form part of these financial statements.

Page 17

CAMPION ENVIRONMENTAL GROUP LIMITED

CONSOLIDATED ANALYSIS OF NET DEBT

FOR THE YEAR ENDED 31 DECEMBER 2024


At 1 January 2024	Cash flows	At 31 December 2024

Cash at bank and in hand	1,956	10,692	12,648
Bank overdrafts	(7,296)	(2,941)	(10,237)
Debt due after 1 year	(3,467,911)	328,462	(3,139,449)
Debt due within 1 year	(460,626)	101,834	(358,792)
Finance leases	(1,195,746)	699,411	(496,335)
	£(5,129,623)	£1,137,458	£(3,992,165)

The notes on pages 19 to 38 form part of these financial statements.

Page 18

CAMPION ENVIRONMENTAL GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

Campion Environmental Group Limited is a private company, limited by shares, incorporated in England and Wales under 13216262. The registered office of the company is The Old Brickworks Pike Road, Tilmanstone, Dover, Kent, CT15 4ND. The principal activity of the Company is that of a holding company.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires Group management to exercise judgment in applying the Group's accounting policies (see note 3).

The Company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of comprehensive income in these financial statements.

The Company's functional and presentational currency is GBP (£) and is rounded to the nearest
whole pound.

The following principal accounting policies have been applied:

2.2

Basis of consolidation

The consolidated financial statements present the results of the Company and its own subsidiaries ("the Group") as if they form a single entity. Intercompany transactions and balances between group companies are therefore eliminated in full.
The consolidated financial statements incorporate the results of business combinations using merger accounting. Accordingly, the consolidated statement of comprehensive income and the consolidated balance sheet include all transactions of the subsidiary for the current and comparative period.

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Group and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Group will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

Page 19

CAMPION ENVIRONMENTAL GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.4

Operating leases: the Group 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

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

2.8

Pensions

Defined contribution pension plan

The Group operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Group pays fixed contributions into a separate entity. Once the contributions have been paid the Group has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Group in independently administered funds.

Page 20

CAMPION ENVIRONMENTAL GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.9

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 balance sheet date in the countries where the Company and the Group operate and generate income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet 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;

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

∙Where they relate to timing differences in respect of interests in subsidiaries, associates, branches and joint ventures and the Group can control the reversal of the timing differences and such reversal is not considered probable in the foreseeable future.

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 balance sheet date.

2.10

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of the Group's share of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Consolidated statement of comprehensive income over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

2.11

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.

Page 21

CAMPION ENVIRONMENTAL GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.11

Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the methods below.

Depreciation is provided on the following basis:

Land and buildings	-	Land is not depreciated. Buildings are depreciated at 2% on cost
Plant and machinery	-	25% on cost
Motor vehicles	-	25% reducing balance or over term of the lease
Fixtures and fittings	-	15% on cost
Office equipment	-	25% on cost

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.

2.12

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Group shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Consolidated statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

2.13

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

2.14

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.15

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

In the Consolidated statement of cash flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the Group's cash management.

Page 22

CAMPION ENVIRONMENTAL GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.16

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.17

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.

2.18

Financial instruments

The Group has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Group's Balance sheet when the Group becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Group's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Page 23

CAMPION ENVIRONMENTAL GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.18

Financial instruments (continued)

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Group after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans, other loans and loans due to fellow group companies are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Other financial instruments

Derivatives, including forward exchange contracts, futures contracts and interest rate swaps, are not classified as basic financial instruments. These are initially recognised at fair value on the date the derivative contract is entered into, with costs being charged to the profit or loss. They are subsequently measured at fair value with changes in the profit or loss.

Debt instruments that do not meet the conditions as set out in FRS 102 paragraph 11.9 are subsequently measured at fair value through the profit or loss. This recognition and measurement would also apply to financial instruments where the performance is evaluated on a fair value basis as with a documented risk management or investment strategy.

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Group transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Group will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Group's contractual obligations expire or are discharged or cancelled.

2.19

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 24

CAMPION ENVIRONMENTAL GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

3.	Judgments in applying accounting policies and key sources of estimation uncertainty

In the application of the Group's accounting policies, management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to the accounting estimates are recognised in the period in which the estimate is revised if the revisions affects only that period, or in the period of revision and future periods if the revision affects both current and future periods.
The critical judgements made by management and sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below.
Valuation of tangible and intangible fixed assets
Tangible and intangible fixed assets are stated at historical cost less accumulated depreciation or amortisation and any accumulated impairment losses. In determining the useful economic life, residual value and depreciation or amortisation method, management use their historical knowledge of such assets and the maket within which the Group operates.
Valuation of deferred taxation
The provision for deferred taxation represents the timing differences that have originated but not reversed by the balance sheet date. In determining the provision, management's best estimates of the timing of the differences being reversed at the substantially enacted tax rate at the balance sheet date.

4.	Turnover
	An analysis of turnover by class of business is as follows:
		2024	2023

Sales	11,024,329	11,543,622
Rent receivable	12,519	12,519
	£11,036,848	£11,556,141

All turnover arose within the United Kingdom.

5.	Other operating income
					2024	2023

	Other operating income	£7,442	£13,909

6.	Operating profit
	The operating profit is stated after charging:
		2024	2023

Other operating lease rentals

£62,932

£99,916

Page 25

CAMPION ENVIRONMENTAL GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

7.	Auditors' remuneration
	During the year, the Group obtained the following services from the Company's auditors:
		2024	2023

Fees payable to the Company's auditors for the audit of the consolidated and parent Company's financial statements

16,800

16,000

8.	Employees
	Staff costs, including director's remuneration, were as follows:

		Group	Group
		2024	2023


Wages and salaries	2,709,695	2,699,560
Social security costs	258,329	252,510
Cost of defined contribution scheme	39,411	39,360
	£3,007,435	£2,991,430

There were no staff costs in the Company.

The average monthly number of employees, including the director, during the year was as follows:

	Group	Group	Company	Company
	2024	2023	2024	2023
	No.	No.	No.	No.

Directors	2	2	2	2
Employees	86	89	-	-

	88	91	2	2

9.	Director's remuneration

During the year retirement benefits were accruing to no directors (2023 - NIL) in respect of defined contribution pension schemes.

10.	Interest receivable
					2024	2023

Other interest receivable

£-

£671

Page 26

CAMPION ENVIRONMENTAL GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

11.	Interest payable and similar expenses
					2024	2023

Bank interest payable	315,505	329,785
Finance leases and hire purchase contracts	72,491	118,767
Other interest payable	140,839	118,690
	£528,835	£567,242

12.	Taxation

		2024	2023

Corporation tax
Current tax on profits for the year	90,756	-
Adjustments in respect of previous periods	113,102	-
	203,858	-

Total current tax	£203,858	£-

Deferred tax
Origination and reversal of timing differences	(27,315)	40,244
Unrelieved tax losses carried forward	67,133	125,045
Total deferred tax	£39,818	£165,289


	Tax on profit	£243,676	£165,289

Page 27

CAMPION ENVIRONMENTAL GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

12.Taxation (continued)

Factors affecting tax charge for the year
The tax assessed for the year is lower than (2023 - lower than) the standard rate of corporation tax in the UK of 25% (2023 - 25%). The differences are explained below:
	2024	2023

Profit on ordinary activities before tax

£549,414

£639,405

Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2023 - 25%)	133,887	159,851
Effects of:
Non-tax deductible amortisation of goodwill and impairment	1,342	2,800
Expenses not deductible for tax purposes, other than goodwill amortisation and impairment	33	429
Capital allowances for year in excess of depreciation	19,536	22,126
Adjustments to tax charge in respect of prior periods	107,915	-
Other differences leading to an increase (decrease) in the tax charge	(19,037)	(19,917)
Total tax charge for the year	£243,676	£165,289

Factors that may affect future tax charges

There are no factors that may affect future tax charges.

13.	Dividends
					2024	2023

Dividends paid

£69,000

£80,000

Page 28

CAMPION ENVIRONMENTAL GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

14.	Intangible assets
	Group

	Computer software	Goodwill	Total
Cost
At 1 January 2024	70,521	196,821	267,342
At 31 December 2024	70,521	196,821	267,342
Amortisation
At 1 January 2024	37,465	189,054	226,519
Charge for the year on owned assets	14,105	5,367	19,472
At 31 December 2024	51,570	194,421	245,991
Net book value
At 31 December 2024	£18,951	£2,400	£21,351
At 31 December 2023	£33,056	£7,767	£40,823

Page 29

CAMPION ENVIRONMENTAL GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

15.	Tangible fixed assets
	Group

	Land and buildings	Plant and machinery	Motor vehicles	Fixtures and fittings	Office equipment	Total
Cost or valuation
At 1 January 2024	6,164,657	3,747,902	2,748,506	50,000	45,333	12,756,398
Additions	82,615	22,003	6,250	-	-	110,868
Disposals	-	-	(4,000)	-	-	(4,000)
At 31 December 2024	6,247,272	3,769,905	2,750,756	50,000	45,333	12,863,266
Depreciation
At 1 January 2024	9,002	2,476,264	1,881,768	8,125	41,458	4,416,617
Charge for the year on owned assets	32,797	346,226	145,408	7,500	1,855	533,786
Charge for the year on financed assets	-	194,217	109,913	-	-	304,130
Disposals	-	-	(1,750)	-	-	(1,750)
At 31 December 2024	41,799	3,016,707	2,135,339	15,625	43,313	5,252,783
Net book value
At 31 December 2024	£6,205,473	£753,198	£615,417	£34,375	£2,020	£7,610,483
At 31 December 2023	£6,155,655	£1,271,638	£866,738	£41,875	£3,875	£8,339,781

The net book value of land and buildings consists of freehold property of £5,581,334 and leasehold property improvements of £624,139.

	The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:
					2024	2023


Plant and machinery	462,119	656,336
Motor vehicles	171,405	461,017
	£633,524	£1,117,353

Page 30

CAMPION ENVIRONMENTAL GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

15.Tangible fixed assets (continued)

	Company

	Land and buildings	Fixtures and fittings	Total
Cost or valuation
At 1 January 2024	4,319,924	50,000	4,369,924
At 31 December 2024	4,319,924	50,000	4,369,924
Depreciation
At 1 January 2024	2,167	8,125	10,292
Charge for the year on owned assets	21,606	7,500	29,106
At 31 December 2024	23,773	15,625	39,398
Net book value
At 31 December 2024	£4,296,151	£34,375	£4,330,526
At 31 December 2023	£4,317,757	£41,875	£4,359,632

	The net book value of land and buildings may be further analysed as follows:
					2024	2023

Freehold	4,296,151	4,317,757
	£4,296,151	£4,317,757

The carrying amount of investment property, which the Company rents to another group entity when it has chosen to account for such properties using the cost model is £4,296,151 (2023 - £4,317,757)

Page 31

CAMPION ENVIRONMENTAL GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

16.	Fixed asset investments
	Group

		Unlisted investments
	Cost or valuation
	At 1 January 2024	10
	At 31 December 2024	£10

	Company

		Investments in subsidiary companies
	Cost or valuation
	At 1 January 2024	8
	At 31 December 2024	£8

Subsidiary undertakings
The following were subsidiary undertakings of the Company:
Name	Registered office	Class of shares	Holding

	East Kent Recycling Limited	The Old Brickworks Pike Road, Tilmanstone, Dover, Kent, CT15 4ND	Ordinary	100%
	Canterbury Recycling Limited	The Old Brickworks Pike Road, Tilmanstone, Dover, Kent, CT15 4ND	Ordinary	100%

	The aggregate of the share capital and reserves as at 31 December 2024 and the profit or loss for the year ended on that date for the subsidiary undertakings were as follows:
	Name	Aggregate of share capital and reserves	Profit/(Loss)

	East Kent Recycling Limited	1,699,388	190,004
	Canterbury Recycling Limited	10	-

Page 32

CAMPION ENVIRONMENTAL GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

17.	Stocks
		Group	Group
		2024	2023

Raw materials and consumables	4,800	11,000
Work in progress	21,531	10,301
	£26,331	£21,301

18.

Debtors

		Group	Group	Company	Company
		2024	2023	2024	2023


Trade debtors	1,729,424	1,547,479	2,504	1,252
Other debtors	2,428	3,228	2,428	2,428
Prepayments and accrued income	83,803	117,350	-	-
	£1,815,655	£1,668,057	£4,932	£3,680

19.	Cash and cash equivalents
		Group	Group	Company	Company
		2024	2023	2024	2023

Cash at bank and in hand	12,648	1,956	12,633	1,942
Less: bank overdrafts	(10,237)	(7,296)	-	-
	£2,411	£(5,340)	£12,633	£1,942

Page 33

CAMPION ENVIRONMENTAL GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

20.	Creditors: Amounts falling due within one year
		Group	Group	Company	Company
		2024	2023	2024	2023

Bank overdrafts	10,237	7,296	-	-
Bank loans	329,771	431,631	173,929	177,685
Trade creditors	1,101,922	1,157,153	-	3,360
Amounts owed to group undertakings	-	-	611,213	687,637
Corporation tax	217,727	-	-	-
Other taxation and social security	189,804	107,627	24,869	22,566
Obligations under finance lease and hire purchase contracts	260,732	707,671	-	-
Proceeds of factored debts	1,147,184	1,128,675	-	-
Other creditors	270,781	272,593	16,698	15,074
Accruals and deferred income	122,817	105,533	13,954	9,200
	£3,650,975	£3,918,179	£840,663	£915,522

The Group has an outstanding charge to Bibby Financial Services Limited in respect of an invoice discounting agreement. This has a fixed and floating charge over all the property of East Kent Recycling Limited. K Campion and J Campion have also given a personal guarantee limited to £200,000.
Obligations under finance lease and hire purchase contracts are secured over their respective assets.

21.	Creditors: Amounts falling due after more than one year
		Group	Group	Company	Company
		2024	2023	2024	2023

Bank loans	3,139,449	3,467,911	3,085,449	3,258,069
Net obligations under finance leases and hire purchase contracts	235,603	488,075	-	-
	£3,375,052	£3,955,986	£3,085,449	£3,258,069

Obligations under finance lease and hire purchase contracts are secured over their respective assets.
Bank loans include £3,085,449 secured over the freehold property in Aylesham, Oare Creek in Faversham and Dover and there is an unlimited multiway guarantee given by the group.

Bank loans include an amount of £2,833,626 falling due after more than five years. The loan is repayable in monthly instalments with interest payable on the outstanding principal amount at a rate of 3% per annum over the Bank of England Base rate.

Page 34

CAMPION ENVIRONMENTAL GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

22.	Loans
	Analysis of the maturity of loans is given below:
		Group	Group	Company	Company
		2024	2023	2024	2023

Amounts falling due within one year
Bank loans	329,771	431,631	173,929	177,685
Amounts falling due 1-2 years
Bank loans	109,859	326,214	55,859	170,372
Amounts falling due 2-5 years
Bank loans	195,964	224,652	195,964	170,652
Amounts falling due after more than 5 years
Bank loans	2,833,626	2,917,045	2,833,626	2,917,045
	£3,469,220	£3,899,542	£3,259,378	£3,435,754

23.	Hire purchase and finance leases
	Minimum lease payments under hire purchase fall due as follows:
		Group	Group
		2024	2023

Within one year	260,732	707,671
Between 1-5 years	235,603	488,075
	£496,335	£1,195,746

Page 35

CAMPION ENVIRONMENTAL GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

24.	Financial instruments
		Group	Group	Company	Company
		2024	2023	2024	2023

Financial assets
Financial assets measured at fair value through profit or loss	12,647	1,956	12,633	1,942
Financial assets measured at amortised cost through profit or loss	1,729,424	1,547,479	-	1,252
	£1,742,071	£1,549,435	£12,633	£3,194

Financial liabilities
Financial liabilities measured at fair value through profit or loss	5,122,976	6,231,260	3,259,378	3,435,754
Financial liabilities measured amortised cost through profit or loss	1,101,922	1,157,153	611,213	690,997
	£6,224,898	£7,388,413	£3,870,591	£4,126,751

Financial assets measured at fair value through profit or loss comprise cash at bank and in hand.
Financial liabilities measured at fair value through profit or loss comprise of bank loans, obligations under
finance lease and hire purchase contracts and proceeds of factored debts.
Financial assets measured at amortised cost through profit or loss comprise of trade creditors and amounts due to group undertakings.

25.	Deferred taxation
	Group

		2024

	At beginning of year	403,182
	Charged to profit or loss	39,818
	At end of year	£443,000

Page 36

CAMPION ENVIRONMENTAL GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

25.Deferred taxation (continued)

Company

		2024


	At beginning of year	10,469
	Charged to profit or loss	93,450
	At end of year	£103,919

		Group	Group	Company	Company
		2024	2023	2024	2023

Accelerated capital allowances	443,000	470,315	103,919	10,469
Tax losses carried forward	-	(67,133)	-	-
	£443,000	£403,182	£103,919	£10,469

26.	Share capital
					2024	2023

Allotted, called up and fully paid

5 (2023 - 5) A Ordinary shares of £1.00 each	5	5
5 (2023 - 5) B Ordinary shares of £1.00 each	5	5

	£10	£10

27.

Reserves

Merger Reserve

The merger reserve represents the difference between the carrying value of the assets and liabilities acquired under merger accounting to the cost of investment and is not distributable.

Profit and loss account

The profit and loss account reserve represents the accumulated amounts passing through the statement of comprehensive income. This reserve respresents distributable profit.

Page 37

CAMPION ENVIRONMENTAL GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

28.	Pension commitments

The Group operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £39,951 (2023 - £39,361). Contributions totalling £12,324 (2023 - £13,921) were payable to the fund at the balance sheet date and are included in creditors.

29.	Related party transactions
	At the balance sheet date, the Company and its subsidiaries owed the directors £16,698 (2023: £15,074).

30.	Controlling party

At the balance sheet date, the directors were the controlling party of the company.

31.	Post balance sheet events

On 28 February 2025, J Campion resigned as a director of East Kent Recycling Limited and of Campion Environmental Group Limited, and also disposed of his shareholding in Campion Environmental Group Limited. From that date, K Campion became the ultimate controlling party of the group.

Page 38