Regional Waste Recycling (Commercial) Li - Accounts to registrar (filleted)

REGISTERED NUMBER: 06068617 (England and Wales)

Financial Statements for the Year Ended 31 March 2025

for

Regional Waste Recycling (Commercial)

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:

06068617 (England and Wales)

AUDITORS:

Nordens Audit Limited

The Retreat

406 Roding Lane South

Woodford Green

Essex

IG8 8EY

FIXED ASSETS

Tangible assets

4

2,842,733

1,998,800

CURRENT ASSETS

Debtors

5

21,134,824

23,531,384

Cash at bank

339,141

404,897

21,473,965

23,936,281

CREDITORS

Amounts falling due within one year

6

3,205,923

5,671,693

NET CURRENT ASSETS

18,268,042

18,264,588

TOTAL ASSETS LESS CURRENT LIABILITIES

21,110,775

20,263,388

CREDITORS

Amounts falling due after more than one year

7

(142,526

)

(170,972

)

PROVISIONS FOR LIABILITIES

8

(640,490

)

(499,700

)

NET ASSETS

20,327,759

19,592,716

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

20,327,659

19,592,616

20,327,759

19,592,716

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

Regional Waste Recycling (Commercial) 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.

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.

Turnover

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

Turnover is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Turnover is measured at the fair value of the consideration received including the landfill tax where appropriate, excluding discounts, rebates, VAT and other sales taxes or duty. The following criteria must also be met before turnover is recognised:

- Turnover arising from the handling and disposal of waste is recognised on receipt of the waste by the company.

- Turnover arising from the sale of recycled waste is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer, usually when the goods are dispatched.

- Turnover from the provision of services is recognised when the contracted service has been performed.

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

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Financial instruments

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

Financial assets that are measured at cost and amortised costs are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised.

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.

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.

Leasing and hire purchase contracts

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods.

The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2024 - 27 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Long

Plant and

property

leasehold

machinery

£

COST

At 1 April 2024

-

559,113

2,196,952

Additions

853,543

-

36,782

Disposals

-

Reclassification/transfer

559,113

(559,113

)

-

At 31 March 2025

1,412,656

-

2,233,734

DEPRECIATION

At 1 April 2024

-

1,758,425

Charge for year

-

71,294

At 31 March 2025

-

1,829,719

NET BOOK VALUE

At 31 March 2025

1,412,656

-

404,015

At 31 March 2024

-

559,113

438,527

Motor

Computer

vehicles

equipment

Totals

£

COST

At 1 April 2024

2,450,824

23,364

5,230,253

Additions

379,938

-

1,270,263

Disposals

(13,000

)

-

(13,000

)

Reclassification/transfer

-

At 31 March 2025

2,817,762

23,364

6,487,516

DEPRECIATION

At 1 April 2024

1,449,680

23,348

3,231,453

Charge for year

342,020

16

413,330

At 31 March 2025

1,791,700

23,364

3,644,783

NET BOOK VALUE

At 31 March 2025

1,026,062

-

2,842,733

At 31 March 2024

1,001,144

16

1,998,800

5.

DEBTORS

31.3.25

31.3.24

£

Amounts falling due within one year:

Trade debtors

3,732,876

5,545,939

Amounts owed by group undertakings

6,506,603

7,210,137

Other debtors

9,255,759

9,010,722

19,495,238

21,766,798

Amounts falling due after more than one year:

Other debtors

1,639,586

1,764,586

Aggregate amounts

21,134,824

23,531,384

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Hire purchase contracts

28,446

123,831

Trade creditors

1,359,220

3,929,469

Amounts owed to group undertakings

756,950

839,933

Taxation and social security

344,953

589,071

Other creditors

716,354

189,389

3,205,923

5,671,693

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

Hire purchase contracts

142,526

170,972

8.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

Deferred tax

640,490

499,700

Deferred

tax

£

Balance at 1 April 2024

499,700

Charge to Income Statement during year

140,790

Balance at 31 March 2025

640,490

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

The Report of the Auditors was unqualified.

Lorraine Curtis BFP ACA FCCA (Senior Statutory Auditor)

for and on behalf of Nordens Audit Limited

10.	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.

11.	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.