REGISTERED NUMBER: 14432215 (England and Wales)

Wastestream Services Limited

Unaudited Financial Statements

for the Year Ended 31 December 2024

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Director:

Mr P M Ancketill

Registered office:

Walker House

Millers Close

London

NW7 1AQ

Registered number:

14432215 (England and Wales)

Accountants:

Cooper Parry Advisory Limited

New Derwent House

69-73 Theobalds Road

London

WC1X 8TA

Fixed assets

Intangible assets

4

4,673

6,223

Tangible assets

5

140,473

159,661

145,146

165,884

Current assets

Stocks

38,687

62,917

Debtors

6

264,043

185,448

Cash at bank

34,537

51,972

337,267

300,337

Creditors

Amounts falling due within one year

7

198,328

260,747

Net current assets

138,939

39,590

Total assets less current liabilities

284,085

205,474

Creditors

Amounts falling due after more than one year

8

(57,199

)

(68,268

)

Provisions for liabilities

10

(34,722

)

(40,577

)

Net assets

192,164

96,629

Capital and reserves

Called up share capital

11

1

1

Retained earnings

192,163

96,628

Shareholders' funds

192,164

96,629

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 director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 September 2025 and were signed by:

Mr P M Ancketill - Director

1.	Statutory information

Wastestream Services 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.

Going Concern

The financial statements have been prepared on a going concern basis.

The Directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment.

Turnover

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

Turnover represents amounts receivable for services provided in the year and is stated net of VAT.

Profit is recognised on long-term contracts, if the final outcome can be assessed with reasonable certainty, by including in the profit and loss account turnover and related costs as contract activity progresses. Turnover is calculated as that proportion of total contract value which costs to date bear to total expected costs for that contract.

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

Goodwill

Goodwill is recognised as being the amount paid in connection with the acquisition of a business. The estimated useful life of goodwill is 10 years and amortisation is being charged over this period.

Website development

Website development is being amortised evenly over its estimated useful life of 3 years.

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

-

25% on cost

Motor vehicles

-

20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments

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

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 10 (2023 - 10 ) .

4.	Intangible fixed assets

Website

Goodwill

development

Totals

£

£

£

Cost

At 1 January 2024

and 31 December 2024

4,816

3,238

8,054

Amortisation

At 1 January 2024

482

1,349

1,831

Amortisation for year

482

1,068

1,550

At 31 December 2024

964

2,417

3,381

Net book value

At 31 December 2024

3,852

821

4,673

At 31 December 2023

4,334

1,889

6,223

5.	Tangible fixed assets

Plant and

Motor

machinery

vehicles

Totals

£

£

£

Cost

At 1 January 2024

47,204

169,846

217,050

Additions

4,931

16,208

21,139

At 31 December 2024

52,135

186,054

238,189

Depreciation

At 1 January 2024

14,752

42,637

57,389

Charge for year

12,744

27,583

40,327

At 31 December 2024

27,496

70,220

97,716

Net book value

At 31 December 2024

24,639

115,834

140,473

At 31 December 2023

32,452

127,209

159,661

6.

Debtors: amounts falling due within one year

2024

2023

£

£

Trade debtors

204,004

152,186

Other debtors

60,039

33,262

264,043

185,448

7.

Creditors: amounts falling due within one year

2024

2023

£

£

Hire purchase contracts (see note 9)

45,852

57,997

Trade creditors

45,844

95,863

Taxation and social security

56,677

47,727

Other creditors

49,955

59,160

198,328

260,747

8.

Creditors: amounts falling due after more than one year

2024

2023

£

£

Hire purchase contracts (see note 9)

57,199

68,268

9.	Leasing agreements

Minimum lease payments under hire purchase fall due as follows:

2024

2023

£

£

Net obligations repayable:

Within one year

45,852

57,997

Between one and five years

57,199

68,268

103,051

126,265

10.	Provisions for liabilities

2024

2023

£

£

Deferred tax

Accelerated capital allowances

34,722

40,577

Deferred tax

£

Balance at 1 January 2024

40,577

Credit to Statement of Income and Retained Earnings during year

(5,855

)

Balance at 31 December 2024

34,722

11.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

1

Ordinary

£1

1

1

12.	Director's advances, credits and guarantees

Included in other creditors is a balance due to Mr Ancketill of £42,858. No repayment dates or interest is attached to the loan accounts.