Docklands Waste Recycling Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02750176 (England and Wales)

Financial Statements for the Year Ended 31 March 2025

for

Docklands Waste Recycling Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr P Thornton

REGISTERED OFFICE:

Purfleet Works

London Road

Grays

Essex

RM20 3NL

REGISTERED NUMBER:

02750176 (England and Wales)

AUDITORS:

Nordens Audit Limited

The Retreat

406 Roding Lane South

Woodford Green

Essex

IG8 8EY

FIXED ASSETS

Tangible assets

4

489,830

585,123

CURRENT ASSETS

Debtors

5

4,052,337

Cash at bank and in hand

4,951

4,057,288

CREDITORS

Amounts falling due within one year

6

5,939,191

5,939,189

NET CURRENT LIABILITIES

(1,881,903

)

(1,881,901

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,392,073

)

(1,296,778

)

PROVISIONS FOR LIABILITIES

93,068

111,173

NET LIABILITIES

(1,485,141

)

(1,407,951

)

CAPITAL AND RESERVES

Called up share capital

2

Retained earnings

(1,485,143

)

(1,407,953

)

(1,485,141

)

(1,407,951

)

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 director and authorised for issue on 22 December 2025 and were signed by:

Mr P Thornton - Director

1.	STATUTORY INFORMATION

Docklands Waste Recycling 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.

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.

The financial statements have been prepared on a going concern basis as the company receives full financial support from its parent company, Associated Waste Group Limited.

Critical accounting judgements and key sources of estimation uncertainty

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated 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 where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Tangible fixed assets

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

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of the fair value less costs to sell at value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pretax discount rate that reflects the current market assessments of the value of money and risks specific to the asset for which the estimates of future cash flows have not yet been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit and loss, unless the relevant asset is carried at a revalued amount, in which case, the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit and loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation reserve.

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.

Going concern

The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future. The validity of the assumption depends upon the continued financial support of the company's parent company, Associated Waste Group Limited.

If the company were unable to continue in existence for the foreseeable future, adjustments would have to be made to reduce the balance sheet values of assets to their recoverable amounts and to provide for any further liabilities that might arise.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

COST

At 1 April 2024

and 31 March 2025

2,478,497

7,725

862,391

31,308

3,379,921

DEPRECIATION

At 1 April 2024

1,969,272

7,090

791,670

26,766

2,794,798

Charge for year

76,383

95

17,680

1,135

95,293

At 31 March 2025

2,045,655

7,185

809,350

27,901

2,890,091

NET BOOK VALUE

At 31 March 2025

432,842

540

53,041

3,407

489,830

At 31 March 2024

509,225

635

70,721

4,542

585,123

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

598,272

Amounts owed by group undertakings

1,615,508

Other debtors

1,838,557

4,052,337

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade creditors

149,723

149,721

Amounts owed to group undertakings

4,181,424

Other creditors

1,608,044

5,939,191

5,939,189

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

The Report of the Auditors was unqualified.

Lorraine Curtis FCCA (Senior Statutory Auditor)

for and on behalf of Nordens Audit Limited

8.	RELATED PARTY DISCLOSURES

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.

The Director, Mr P Thornton, is considered to be key management personnel.

The company has a fixed and floating charge from HSBC UK Bank PLC over all assets, property and undertaking of the company which also contains a negative pledge. This debenture is in place as a result of additional finance received by another of the group companies, V.C.Cooke for expansion.

9.	ULTIMATE CONTROLLING PARTY

Associated Waste Group Limited is the company's immediate and ultimate parent undertaking and Mr P Thornton is considered to be key management personnel.

Associated Waste Group Limited also prepares consolidated financial statements which can be obtained by writing to the registered office address of the company. They can also be obtained directly from Companies House.