REGISTERED NUMBER: 12459226 (England and Wales)

A1 Waste Management Ltd

Financial Statements

for the Year Ended 31 March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

K L Morgans

M Randall

R M Tierney

REGISTERED OFFICE:

Unit B Cwmdraw Industrial Estate

Newtown

Ebbw Vale

NP23 5AE

REGISTERED NUMBER:

12459226 (England and Wales)

AUDITORS:

Xeinadin Audit Limited

Chartered Accountants

& Statutory Auditors

Suite 2d

Building 1 Eastern Business Park

St Mellons

Cardiff

South Glamorgan

CF3 5EA

FIXED ASSETS

Intangible assets

4

-

26,308

Tangible assets

5

1,396,024

342,184

1,396,024

368,492

CURRENT ASSETS

Stocks

29,149

-

Debtors

6

500,012

587,349

Cash at bank

1,433

199,032

530,594

786,381

CREDITORS

Amounts falling due within one year

7

1,396,011

684,970

NET CURRENT (LIABILITIES)/ASSETS

(865,417

)

101,411

TOTAL ASSETS LESS CURRENT LIABILITIES

530,607

469,903

CREDITORS

Amounts falling due after more than one year

8

(578,936

)

-

PROVISIONS FOR LIABILITIES

(219,432

)

-

NET (LIABILITIES)/ASSETS

(267,761

)

469,903

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(267,762

)

469,902

(267,761

)

469,903

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:

M Randall - Director

1.	STATUTORY INFORMATION

A1 Waste Management Ltd 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

Despite the company having overall negative reserves, the directors believe that A1 Waste Management Limited should be treated as a going concern as they consider the trading position of the company is set to improve in the next 12 months. The parent company Randalls (Holdings) Limited and its subsidiary undertakings will provide group support to A1 Waste Management Limited.

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.

Significant judgements and estimates

The application of the company's accounting policies, the management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

-

20% on cost

Motor vehicles

-

25% on cost and 20% on cost

Computer equipment

-

20% on 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 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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2024 - 19 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

143,500

AMORTISATION

At 1 April 2024

117,192

Charge for year

26,308

At 31 March 2025

143,500

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

26,308

5.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

COST

At 1 April 2024

18,000

-

454,393

Additions

-

197,790

908,079

At 31 March 2025

18,000

197,790

1,362,472

DEPRECIATION

At 1 April 2024

-

-

258,943

Charge for year

-

30,312

72,172

At 31 March 2025

-

30,312

331,115

NET BOOK VALUE

At 31 March 2025

18,000

167,478

1,031,357

At 31 March 2024

18,000

-

195,450

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2024

395,584

638

868,615

Additions

99,000

637

1,205,506

At 31 March 2025

494,584

1,275

2,074,121

DEPRECIATION

At 1 April 2024

267,488

-

526,431

Charge for year

48,982

200

151,666

At 31 March 2025

316,470

200

678,097

NET BOOK VALUE

At 31 March 2025

178,114

1,075

1,396,024

At 31 March 2024

128,096

638

342,184

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Improvements

to

Plant and

Motor

property

machinery

vehicles

Totals

£

£

£

£

COST

Additions

54,700

831,000

99,000

984,700

At 31 March 2025

54,700

831,000

99,000

984,700

DEPRECIATION

Charge for year

8,205

69,325

24,750

102,280

At 31 March 2025

8,205

69,325

24,750

102,280

NET BOOK VALUE

At 31 March 2025

46,495

761,675

74,250

882,420

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

83,712

62,214

Amounts owed by group undertakings

327,912

-

Other debtors

88,388

525,135

500,012

587,349

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

261,428

21,667

Hire purchase contracts

136,338

-

Trade creditors

196,053

142,156

Amounts owed to group undertakings

737,612

480,713

Taxation and social security

32,508

30,185

Other creditors

32,072

10,249

1,396,011

684,970

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

578,936

-

Amounts falling due in more than five years:

Repayable by instalments

Hire purchase

209,056

-

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

The Report of the Auditors was unqualified.

We draw your attention to accounting policy note 2 'going concern' in relation to the going concern assessment of the company by the directors. We have not qualified our audit opinion in respect of going concern, the parent company Randalls (Holdings) Limited and its subsidiary undertakings have provided adequate financial group support to ensure that the liabilities of the company will be satisfied if necessary.

Catherine Ingram FCCA (Senior Statutory Auditor)

for and on behalf of Xeinadin Audit Limited

10.	ULTIMATE CONTROLLING PARTY

The company's ultimate parent undertaking at the balance sheet date was Randalls (Holdings) Limited, a company incorporated in the United KIngdom. The principal place of business is Unit B, Cwmdraw Industrial Estate, Newtown, Ebbw Vale NP23 5AE.

A1 Waste Management Ltd is included within Randalls (Holdings) Limited's consolidated financial statements for the year ended 31 March 2024.