Wight Reclamation Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 06029323

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		692,614		708,729

			692,614		708,729
CURRENT ASSETS
Debtors	5	72,793		85,984
Cash at bank and in hand		47,402		10,584

		120,195		96,568
Creditors: Amounts Falling Due Within One Year	6	(374,996 )		(336,381 )

NET CURRENT ASSETS (LIABILITIES)			(254,801 )		(239,813 )

TOTAL ASSETS LESS CURRENT LIABILITIES			437,813		468,916

Creditors: Amounts Falling Due After More Than One Year	7		(136,783 )		(169,149 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(100,598 )		(93,333 )

NET ASSETS			200,432		206,434

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			200,332		206,334

SHAREHOLDERS' FUNDS			200,432		206,434

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Wight Reclamation Ltd

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mrs Tracy Howe

Director

26/09/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Wight Reclamation Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06029323 . The registered office is 1 Padmore Farm, Folly Lane, East Cowes, Isle Of Wight, PO32 6LY.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	3% on cost
Leasehold	3% on cost
Plant & Machinery	10% reducing balance
Motor Vehicles	10% reducing balance
Computer Equipment	10% reducing balance

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts 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 the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Wight Reclamation Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.5. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 19 (2024: 20)

4. Tangible Assets

	Land & Buildings	Plant & Machinery etc.	Total
	£	£	£
Cost
As at 1 April 2024	267,825	803,405	1,071,230
Additions	-	70,945	70,945
Disposals	-	(51,122 )	(51,122 )

As at 31 March 2025	267,825	823,228	1,091,053

Depreciation
As at 1 April 2024	14,164	348,337	362,501
Provided during the period	8,036	49,670	57,706
Disposals	-	(21,768 )	(21,768 )

As at 31 March 2025	22,200	376,239	398,439

Net Book Value
As at 31 March 2025	245,625	446,989	692,614

As at 1 April 2024	253,661	455,068	708,729

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	69,073	82,584
Other debtors	3,720	3,400

	72,793	85,984

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	68,890	73,399
Trade creditors	58,002	59,066
Bank loans and overdrafts	62,683	72,553
Other creditors	91,124	54,625
Taxation and social security	94,297	76,738

	374,996	336,381

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Wight Reclamation Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	72,572	101,149
Bank loans	64,211	68,000

	136,783	169,149

8. Secured Creditors

Of the creditors the following amounts are secured on the assets on which they are financed

	2025		2024
	£		£
Net obligations under finance lease and hire purchase contracts	141,462		174,548

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

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