REGISTERED NUMBER: 06170740 (England and Wales)

AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

NATIONWIDE WASTE SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs Z L Hassall

J P Fray

N A D Hassall

A Hulme

SECRETARY:

S L Haycock

REGISTERED OFFICE:

The Mill

Morton

Oswestry

Shropshire

SY10 8BH

REGISTERED NUMBER:

06170740 (England and Wales)

AUDITORS:

D.R.E. & Co. (Audit) Limited

Kingsland House

39 Abbey Foregate

Shrewsbury

Shropshire

SY2 6BL

CURRENT ASSETS

Debtors

5

1,461,312

1,212,244

Cash at bank

56,527

79,928

1,517,839

1,292,172

CREDITORS

Amounts falling due within one year

6

487,208

415,590

NET CURRENT ASSETS

1,030,631

876,582

TOTAL ASSETS LESS CURRENT LIABILITIES

1,030,631

876,582

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,030,531

876,482

SHAREHOLDERS' FUNDS

1,030,631

876,582

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 10 December 2025 and were signed on its behalf by:

N A D Hassall - Director

1.	STATUTORY INFORMATION

Nationwide Waste Services Limited is a private company, limited by shares, incorporated and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The principal place of business is Unit 16 Wilkinson Court, Clywedog Road South, Wrexham Industrial Estate, Wrexham, LL13 9AE

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.

These financial statements are for the individual entity only.

The financial statements are presented in Sterling (£), rounded to the nearest £1.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax. Turnover is recognised when the services are provided to the customer.

Financial instruments

The company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments.

(i) Financial assets

Basic financial assets, including trade payables, amounts due from group companies and cash and bank balances, are initially recognised at transaction price and subsequently carried at amortised cost with an assessment for objective evidence of impairment. Any impairment is recognised in profit or loss.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards or control of the ownership of the asset are transferred to another party.

(ii) Financial liabilities

Basic financial liabilities, including trade payables and amounts due to group companies, are initially recognised at transaction price and subsequently carried at amortised cost.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Taxation

Taxation for the year comprises current 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 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2024 - 9 ) .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

201,865

138,073

Amounts owed by group companies

1,259,447

1,074,171

1,461,312

1,212,244

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

296,338

242,116

Amounts owed to group companies

50,026

59,200

Tax

-

10,000

Social security and other taxes

61,214

54,274

Other creditors

27,500

40,000

Accrued expenses

52,130

10,000

487,208

415,590

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.3.25

31.3.24

£

£

Within one year

7,916

-

8.	SECURED DEBTS

A Composite Accounting Agreement is in place in respect of bank borrowings and this is further explained in the contingent liabilities note. Bank borrowings are also secured by a cross guarantee and debenture with other group companies, as detailed in the contingent liabilities note.

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Francis Nock F.C.C.A. (Senior Statutory Auditor)

for and on behalf of D.R.E. & Co. (Audit) Limited

10.	CONTINGENT LIABILITIES

During a prior year the company entered into a Composite Accounting Agreement with its parent company and fellow subsidiaries. Under the terms of the agreement and the guarantees given, the bank is authorised to allow set-off for interest purposes and in certain circumstances offset bank balances against liabilities within the Composite Accounting System. There was no contingent liability for the company at 31 March 2025 or 31 March 2024.

The contingent liability for the company at 31 March 2025 in respect of group bank borrowings amounted to £nil (2024: £nil).

11.	RELATED PARTY DISCLOSURES

12.	ULTIMATE CONTROLLING PARTY