REGISTERED NUMBER: 01693178 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 January 2025

for

Woodwaste Systems Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

D M Smith

Mrs C V Smith

SECRETARY:

Ms T Maines

REGISTERED OFFICE:

Unit 1

Shrine Barn

Sandling Road

Hythe

Kent

CT21 4HE

REGISTERED NUMBER:

01693178 (England and Wales)

ACCOUNTANTS:

Ardor Business Solutions Limited

Chartered Certified Accountants

Unit 1

Shrine Barn

Sandling Road

Hythe

Kent

CT21 4HE

FIXED ASSETS

Tangible assets

5

114,535

138,400

Investments

6

-

2

114,535

138,402

CURRENT ASSETS

Stocks

60,095

62,492

Debtors

7

185,104

536,529

Cash at bank and in hand

383,091

455,399

628,290

1,054,420

CREDITORS

Amounts falling due within one year

8

131,449

158,629

NET CURRENT ASSETS

496,841

895,791

TOTAL ASSETS LESS CURRENT LIABILITIES

611,376

1,034,193

CREDITORS

Amounts falling due after more than one year

9

(8,618

)

(26,130

)

PROVISIONS FOR LIABILITIES

(26,423

)

(32,222

)

NET ASSETS

576,335

975,841

CAPITAL AND RESERVES

Called up share capital

66

66

Capital redemption reserve

34

34

Retained earnings

576,235

975,741

SHAREHOLDERS' FUNDS

576,335

975,841

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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 9 May 2025 and were signed on its behalf by:

D M Smith - Director

1.	STATUTORY INFORMATION

Woodwaste Systems 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.

The presentation currency of the financial statements is the Pound Sterling (£).

Amounts are rounded to the nearest Pound Sterling.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

at varying rates on cost

Fixtures and fittings

-

at varying rates on cost

Motor vehicles

-

25% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

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

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 6 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 February 2024

and 31 January 2025

503,375

24,294

20,506

548,175

DEPRECIATION

At 1 February 2024

367,315

23,583

18,877

409,775

Charge for year

21,874

362

1,629

23,865

At 31 January 2025

389,189

23,945

20,506

433,640

NET BOOK VALUE

At 31 January 2025

114,186

349

-

114,535

At 31 January 2024

136,060

711

1,629

138,400

Fixed assets, included in the above, which are held under finance leases are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 February 2024

218,723

19,536

238,259

Transfer to ownership

-

(19,536

)

(19,536

)

At 31 January 2025

218,723

-

218,723

DEPRECIATION

At 1 February 2024

82,663

17,907

100,570

Charge for year

21,874

-

21,874

Transfer to ownership

-

(17,907

)

(17,907

)

At 31 January 2025

104,537

-

104,537

NET BOOK VALUE

At 31 January 2025

114,186

-

114,186

At 31 January 2024

136,060

1,629

137,689

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertaking

£

COST

At 1 February 2024

2

Impairments

(2

)

At 31 January 2025

-

NET BOOK VALUE

At 31 January 2025

-

At 31 January 2024

2

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/1/25

31/1/24

£

£

Trade debtors

177,506

132,942

Amounts owed by group undertakings

-

395,369

Other debtors

90

100

Prepayments

7,508

8,118

185,104

536,529

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/1/25

31/1/24

£

£

Bank loans and overdrafts

10,404

10,227

Finance leases

7,259

21,778

Trade creditors

69,139

95,933

Taxation

32,474

12,136

Social security and other taxes

2,282

2,017

VAT

3,367

3,914

Other creditors

687

636

Accrued expenses

5,837

11,988

131,449

158,629

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/1/25

31/1/24

£

£

Bank loans - 1-2 years

8,618

10,404

Bank loans - 2-5 years

-

8,467

Finance leases

-

7,259

8,618

26,130

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is D M Smith.