Registration number: 09404746

Busy Bins Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 7

Busy Bins Limited

Balance Sheet
31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	464,487	541,184
Current assets
Debtors	5	10,925	13,541
Cash at bank and in hand		176,937	191,487
		187,862	205,028
Creditors: Amounts falling due within one year	6	(337,499)	(296,016)
Net current liabilities		(149,637)	(90,988)
Total assets less current liabilities		314,850	450,196
Creditors: Amounts falling due after more than one year	6	(294,643)	(448,961)
Net assets		20,207	1,235
Capital and reserves
Called up share capital		100	100
Retained earnings		20,107	1,135
Shareholders' funds		20,207	1,235

Busy Bins Limited

Balance Sheet
31 March 2025

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 23 December 2025 and signed on its behalf by:
 

......................................... Mr J M Morris Director

......................................... Mr Michael Morris Director

Company Registration Number: 09404746

Busy Bins Limited

Notes to the Unaudited Financial Statements
Year Ended 31 March 2025

1	General information

The Company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Unit 4
Cowburn Street
Heywood
Lancashire
OL10 2AJ

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Group accounts not prepared

The company has taken advantage of the exemption provided by Section 398 of the Companies Act 2006 and has not prepared consolidated accounts on the basis the group is small..

Going concern

The financial statements have been prepared on a going concern basis.

Busy Bins Limited

Notes to the Unaudited Financial Statements
Year Ended 31 March 2025

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Motor Vehicles	15% Reducing Balance
Plant & Machinery	15% Reducing Balance
Furniture & Fittings	20% Straight-Line

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Busy Bins Limited

Notes to the Unaudited Financial Statements
Year Ended 31 March 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the Company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the Company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Busy Bins Limited

Notes to the Unaudited Financial Statements
Year Ended 31 March 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 12 (2024 - 10).

4	Tangible assets

	Fixtures and fittings £	Motor vehicles  £	Other tangible assets  £	Total £
Cost or valuation
At 1 April 2024	6,226	609,312	90,366	705,904
Additions	-	-	4,912	4,912
At 31 March 2025	6,226	609,312	95,278	710,816
Depreciation
At 1 April 2024	5,473	137,713	21,534	164,720
Charge for the year	399	70,740	10,470	81,609
At 31 March 2025	5,872	208,453	32,004	246,329
Carrying amount
At 31 March 2025	354	400,859	63,274	464,487
At 31 March 2024	753	471,599	68,832	541,184

Busy Bins Limited

Notes to the Unaudited Financial Statements
Year Ended 31 March 2025

5

Debtors

Current	2025 £	2024 £
Debtors	10,925	12,430
Prepayments	-	1,111
	10,925	13,541

6

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings		123,771	125,069
Creditors		128,664	105,190
Taxation and social security		15,083	12,085
Accruals and deferred income		41,489	35,102
Other creditors		28,492	18,570
		337,499	296,016

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings		294,643	448,961

7	Related party transactions

Directors' remuneration

The directors are remunerated by the company. The directors consider that their remuneration meets the criteria of being under normal market conditions.
The directors who are also shareholders receive dividends as part of this remuneration package.