Law Waste Services Ltd - Filleted accounts

Registered number

07986811

Law Waste Services Ltd

Filleted Accounts

31 March 2025

Law Waste Services Ltd
Registered number:		07986811
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Intangible assets	3		40,026			40,026
Tangible assets	4		13,698			12,675
			53,724			52,701

Current assets
Cash at bank and in hand		27,026			13,571

Creditors: amounts falling due within one year	5	(52,184)			(46,978)

Net current liabilities			(25,158)			(33,407)

Total assets less current liabilities			28,566			19,294

Creditors: amounts falling due after more than one year	6		(1,101)			(7,572)



Net assets			27,465			11,722

Capital and reserves
Called up share capital			1			1
Profit and loss account			27,464			11,721

Shareholders' funds			27,465			11,722

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




N Wright
Director
Approved by the board on 15 October 2025

Law Waste Services Ltd
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Motor vehicle	25% reducing balance
	Plant and machinery	25% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			1		1


3	Intangible fixed assets					£
	Goodwill:

	Cost
	At 1 April 2024					60,025
	At 31 March 2025					60,025

	Amortisation
	At 1 April 2024					19,999
	At 31 March 2025					19,999

	Net book value
	At 31 March 2025					40,026
	At 31 March 2024					40,026


4	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 April 2024	3,622		60,515		64,137
	Additions	5,590		-		5,590
	At 31 March 2025	9,212		60,515		69,727

	Depreciation
	At 1 April 2024	3,192		48,270		51,462
	Charge for the year	1,505		3,062		4,567
	At 31 March 2025	4,697		51,332		56,029

	Net book value
	At 31 March 2025	4,515		9,183		13,698
	At 31 March 2024	430		12,245		12,675


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Bank loans and overdrafts			2,400		2,400
	Obligations under finance lease and hire purchase contracts			4,071		3,845
	Taxation and social security costs			14,271		9,876
	Other creditors			31,442		30,857
				52,184		46,978


6	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loans			400		2,800
	Obligations under finance lease and hire purchase contracts			701		4,772
				1,101		7,572


7	Other information

	Law Waste Services Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	The Mill
	kingsteignton Road
	Newton Abbot
	Devon
	TQ12 2QA