REGISTERED NUMBER: 03429690 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

AB WASTE DISPOSAL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C Adkins

A J Adkins

SECRETARY:

Mrs S L Adkins

REGISTERED OFFICE:

Adkins House

Raymond Way

Old Mill Lane Ind. Estate

Mansfield

Nottinghamshire

NG19 9BG

REGISTERED NUMBER:

03429690 (England and Wales)

ACCOUNTANTS:

Beeley Hawley & Co. Ltd

Chartered Accountants

42-44 Nottingham Road

Mansfield

Nottinghamshire

NG18 1BL

FIXED ASSETS

Intangible assets

4

32,475

64,950

Tangible assets

5

726,706

652,056

759,181

717,006

CURRENT ASSETS

Debtors

6

1,011,698

987,117

Cash at bank and in hand

6,125,922

5,480,730

7,137,620

6,467,847

CREDITORS

Amounts falling due within one year

7

744,771

916,526

NET CURRENT ASSETS

6,392,849

5,551,321

TOTAL ASSETS LESS CURRENT LIABILITIES

7,152,030

6,268,327

PROVISIONS FOR LIABILITIES

175,915

152,075

NET ASSETS

6,976,115

6,116,252

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

6,976,015

6,116,152

SHAREHOLDERS' FUNDS

6,976,115

6,116,252

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 September 2025 and were signed on its behalf by:

C Adkins - Director

1.	STATUTORY INFORMATION

AB Waste Disposal Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost and 20% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 65 (2023 - 50 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

324,750

AMORTISATION

At 1 January 2024

259,800

Charge for year

32,475

At 31 December 2024

292,275

NET BOOK VALUE

At 31 December 2024

32,475

At 31 December 2023

64,950

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2024

6,803

2,399,140

2,405,943

Additions

-

272,176

272,176

Disposals

-

(172,295

)

(172,295

)

At 31 December 2024

6,803

2,499,021

2,505,824

DEPRECIATION

At 1 January 2024

-

1,753,887

1,753,887

Charge for year

-

186,113

186,113

Eliminated on disposal

-

(160,882

)

(160,882

)

At 31 December 2024

-

1,779,118

1,779,118

NET BOOK VALUE

At 31 December 2024

6,803

719,903

726,706

At 31 December 2023

6,803

645,253

652,056

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

as restated

£

£

Trade debtors

432,773

379,310

Amounts owed by associates

475,910

495,910

Other debtors

103,015

111,897

1,011,698

987,117

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

as restated

£

£

Trade creditors

88,203

451,355

Taxation and social security

523,515

386,684

Other creditors

133,053

78,487

744,771

916,526

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end, the company held loan balances due by the directors of £43,354 (2023 £70,543). During the year £27,189 was repaid to the directors. The balance is interest free and repayable under no specific terms.