REGISTERED NUMBER: SC264244 (Scotland)

Financial Statements for the Year Ended 31 March 2025

for

Henry Waste Management Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Director:

B Monaghan

Registered office:

Greenhill Industrial Estate

Coltswood Road

Coatbridge

ML5 2AG

Registered number:

SC264244 (Scotland)

Accountant:

Audrey Wolfson

10 Southern Avenue

Glasgow

G73 4JN

FIXED ASSETS

Tangible assets

4

682,050

791,195

CURRENT ASSETS

Debtors

5

513,622

504,704

Cash at bank

-

80,316

513,622

585,020

CREDITORS

Amounts falling due within one year

6

532,577

439,586

NET CURRENT (LIABILITIES)/ASSETS

(18,955

)

145,434

TOTAL ASSETS LESS CURRENT LIABILITIES

663,095

936,629

CREDITORS

Amounts falling due after more than one year

7

(109,527

)

(232,916

)

PROVISIONS FOR LIABILITIES

(96,791

)

(125,964

)

NET ASSETS

456,777

577,749

CAPITAL AND RESERVES

Called up share capital

170

170

Capital redemption reserve

15

15

Retained earnings

456,592

577,564

456,777

577,749

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 October 2025 and were signed by:

B Monaghan - Director

1.	STATUTORY INFORMATION

Henry Waste Management Limited is a private company, limited by shares , registered in Scotland. 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.

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 cost

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.

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 25 (2024 - 23 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

211,645

1,700,876

1,912,521

Additions

-

81,561

81,561

Disposals

-

(221,395

)

(221,395

)

At 31 March 2025

211,645

1,561,042

1,772,687

DEPRECIATION

At 1 April 2024

39,015

1,082,311

1,121,326

Charge for year

-

190,706

190,706

Eliminated on disposal

-

(221,395

)

(221,395

)

At 31 March 2025

39,015

1,051,622

1,090,637

NET BOOK VALUE

At 31 March 2025

172,630

509,420

682,050

At 31 March 2024

172,630

618,565

791,195

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

481,282

490,962

Other debtors

32,340

13,742

513,622

504,704

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

20,945

10,284

Hire purchase contracts (see note 8)

130,617

182,108

Trade creditors

276,911

162,087

Taxation and social security

58,387

60,076

Other creditors

45,717

25,031

532,577

439,586

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

2,216

12,125

Hire purchase contracts (see note 8)

107,311

220,791

109,527

232,916

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31.3.25

31.3.24

£

£

Net obligations repayable:

Within one year

130,617

182,108

Between one and five years

107,311

220,791

237,928

402,899

Non-cancellable

operating leases

31.3.25

31.3.24

£

£

Within one year

42,745

38,000

Between one and five years

170,980

152,000

In more than five years

85,490

114,000

299,215

304,000

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank overdraft

10,945

-

Bank loans

12,216

22,409

Hire purchase contracts

237,928

402,899

261,089

425,308

The Royal Bank of Scotland Plc holds a bond and floating charge over all property and assets of the company.

RBS Invoice Finance Limited holds a floating charge over all property and assets of the company. This charge was discharged after the year end date.

Hire purchase creditors are secured on the assets they relate to.