REGISTERED NUMBER: 04216093 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

RAY OWEN WASTE DISPOSAL LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

R D Owen

Mrs L M Smith

N D Owen

N R Owen

SECRETARY:

Mrs L M Smith

REGISTERED OFFICE:

Teydale Farm

Whitby Road

Cloughton

Scarborough

North Yorkshire

YO13 0DZ

REGISTERED NUMBER:

04216093 (England and Wales)

FIXED ASSETS

Property, plant and equipment

4

1,993,603

1,563,337

Investments

5

500

500

Investment property

6

85,887

85,887

2,079,990

1,649,724

CURRENT ASSETS

Inventories

35,766

14,480

Debtors

7

459,512

483,641

Investments

8

509

100

Cash at bank and in hand

1,457,899

1,965,070

1,953,686

2,463,291

CREDITORS

Amounts falling due within one year

9

48,513

49,315

NET CURRENT ASSETS

1,905,173

2,413,976

TOTAL ASSETS LESS CURRENT LIABILITIES

3,985,163

4,063,700

PROVISIONS FOR LIABILITIES

83,202

111,559

NET ASSETS

3,901,961

3,952,141

CAPITAL AND RESERVES

Called up share capital

1,099

1,099

Retained earnings

3,900,862

3,951,042

SHAREHOLDERS' FUNDS

3,901,961

3,952,141

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 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 28 October 2025 and were signed on its behalf by:

R D Owen - Director

1.	STATUTORY INFORMATION

Ray Owen Waste Disposal 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 (£).

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 company has a net asset position and a healthy bank position and the directors are satisfied that there are sufficient resources in place to continue operating for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the annual financial statements.

Preparation of consolidated financial statements

The financial statements contain information about Ray Owen Waste Disposal Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Significant judgements and estimates

In preparing the financial statements, management is required to make estimates and assumptions which affect reported income, expenses, assets, liabilities and disclosure of contingent assets and liabilities. Use of available information and application of judgement are inherent in the formation of estimates, together with past experience and expectations of future events that are believed to be reasonable under the circumstances. Actual results in the future could differ from such estimates.

Critical judgements in applying the company's policies

No significant judgements have had to be made by management in preparing these financial statements.

Critical accounting estimates and assumptions

The directors do not consider that any estimates or assumptions used in the preparation of these financial statements have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Revenue

Revenue represents goods and services supplied, excluding value added tax. Revenue is recognised to the extent that the company has obtained the right to consideration through its performance and is measured at the fair value of the right to consideration.

Property, plant and equipment

Items of property, plant and equipment are initially measured at cost. After initial recognition items of property, plant and equipment are measured at cost less any accumulated depreciation and any accumulated impairment losses.

Depreciation is provided at the following annual rates in order to write off the cost of each asset over its estimated useful life.

Land and buildings

-

2% on cost excluding land

Plant and machinery

-

25% on reducing balance

Motor vehicles and tractors

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are initially measured at cost. After initial recognition investments in subsidiary undertakings are reduced by any accumulated impairment losses.

Investment property

Investment properties are initially measured at cost, including transaction costs. After initial recognition investment properties whose fair value can be measured reliably are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.

Inventories

Inventories are measured at the lower of cost and estimated selling price less costs to complete and sell.

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade, other accounts receivable and payable and loans to related parties.

Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

Debt instruments such as loans and other accounts receivable and payable are initially measured at present value of the future payments and subsequently at amortised costs using the effective interest method.

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.

Pension costs

Payments to defined contribution pension schemes are charged as an expense in the period to which they relate.

Current asset investments

Current asset investments are initially measured at cost. After initial recognition current asset investments are measured at fair value with changes in fair value recognised in the income statement.

3.	EMPLOYEES AND DIRECTORS

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

4.	PROPERTY, PLANT AND EQUIPMENT

Motor

vehicles

Land and

Plant and

and

buildings

machinery

tractors

Totals

£

£

£

£

COST

At 1 April 2024

1,162,862

1,072,535

832,243

3,067,640

Additions

528,124

25,917

8,445

562,486

At 31 March 2025

1,690,986

1,098,452

840,688

3,630,126

DEPRECIATION

At 1 April 2024

72,147

746,225

685,931

1,504,303

Charge for year

11,253

84,389

36,578

132,220

At 31 March 2025

83,400

830,614

722,509

1,636,523

NET BOOK VALUE

At 31 March 2025

1,607,586

267,838

118,179

1,993,603

At 31 March 2024

1,090,715

326,310

146,312

1,563,337

Included in cost of land and buildings is freehold land of £ 1,120,103 (2024 - £ 600,203 ) which is not depreciated.

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

and 31 March 2025

500

NET BOOK VALUE

At 31 March 2025

500

At 31 March 2024

500

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

85,887

NET BOOK VALUE

At 31 March 2025

85,887

At 31 March 2024

85,887

The fair value of investment property at each year end has been arrived at on the basis of valuations carried out by the director of the company who is not a professionally qualified valuer.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

19,416

36,457

Amounts owed by group undertakings

408,472

401,858

Other debtors

31,624

45,326

459,512

483,641

8.	CURRENT ASSET INVESTMENTS

2025

2024

£

£

Unlisted investments

509

100

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

27,004

14,912

Taxation and social security

10,665

13,137

Other creditors

10,844

21,266

48,513

49,315

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

One of the directors operates a loan account with the company which is repayable on demand. The following advances and credits subsisted during the years ended 2025 and 2024:

2025

2024

£

£

Balance outstanding at start of year

27,106

-

Amounts advanced

27,649

53,893

Amounts repaid

(31,718

)

(26,787

)

Balance outstanding at end of year

23,037

27,106

11.	RELATED PARTY DISCLOSURES

The company had free use of land owned by a director during this and the preceding year.

The directors have made loans to the company.

2025

2024

£

£

Amounts owed to directors at the year end

2,638

3,576

Interest received on amounts owed

1,634

6,593