REGISTERED NUMBER: 05685884 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Welland Waste Management Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr R J Clarke

Mr J I Clarke

SECRETARY:

Mrs N Clarke

REGISTERED OFFICE:

Pebble Hall

Theddingworth

Lutterworth

Leicestershire

LE17 6NJ

REGISTERED NUMBER:

05685884 (England and Wales)

ACCOUNTANTS:

Richard Clarke & Co (At Your Service) Ltd

Unit 3, Mobbs Miller House

Christchurch Road

Northampton

Northamptonshire

NN1 5LL

FIXED ASSETS

Tangible assets

4

3,732,494

4,116,667

CURRENT ASSETS

Debtors

5

759,105

952,759

Investments

6

165

165

Cash at bank

83,909

60,730

843,179

1,013,654

CREDITORS

Amounts falling due within one year

7

990,726

1,019,252

NET CURRENT LIABILITIES

(147,547

)

(5,598

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,584,947

4,111,069

CREDITORS

Amounts falling due after more than one year

8

(464,937

)

(709,970

)

PROVISIONS FOR LIABILITIES

(378,030

)

(416,821

)

NET ASSETS

2,741,980

2,984,278

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

2,741,880

2,984,178

2,741,980

2,984,278

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 23 December 2025 and were signed on its behalf by:

Mr J I Clarke - Director

Mr R J Clarke - Director

1.	STATUTORY INFORMATION

Welland Waste Management 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.

Turnover

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

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.

Land and buildings

-

10% on cost and 4% on cost

Plant and machinery etc

-

25% on reducing balance, 15% on reducing balance, 10% on cost and 5% on cost

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 21 (2024 - 16 ) .

4.	TANGIBLE FIXED ASSETS

Short

leasehold

property

Plant and

Compost

improvements

machinery

clamps

£

£

£

Cost

At 1 April 2024

3,413,044

4,664,866

271,343

Additions

3,971

113,009

19,896

Disposals

-

(232,312

)

-

At 31 March 2025

3,417,015

4,545,563

291,239

Depreciation

At 1 April 2024

1,160,232

3,083,093

220,094

Charge for year

160,938

459,299

14,562

Eliminated on disposal

-

(186,603

)

-

At 31 March 2025

1,321,170

3,355,789

234,656

Net book value

At 31 March 2025

2,095,845

1,189,774

56,583

At 31 March 2024

2,252,812

1,581,773

51,249

Motor

Office

vehicles

equipment

Totals

£

£

£

Cost

At 1 April 2024

349,303

26,994

8,725,550

Additions

269,345

5,275

411,496

Disposals

(61,980

)

(2,413

)

(296,705

)

At 31 March 2025

556,668

29,856

8,840,341

Depreciation

At 1 April 2024

129,626

15,838

4,608,883

Charge for year

70,562

5,971

711,332

Eliminated on disposal

(23,352

)

(2,413

)

(212,368

)

At 31 March 2025

176,836

19,396

5,107,847

Net book value

At 31 March 2025

379,832

10,460

3,732,494

At 31 March 2024

219,677

11,156

4,116,667

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

Plant and

Motor

machinery

vehicles

Totals

£

£

£

Cost

At 1 April 2024

3,207,490

253,080

3,460,570

Additions

75,000

232,313

307,313

Transfer to ownership

(182,500

)

-

(182,500

)

At 31 March 2025

3,099,990

485,393

3,585,383

Depreciation

At 1 April 2024

1,964,167

84,367

2,048,534

Charge for year

350,970

58,220

409,190

Transfer to ownership

(102,432

)

-

(102,432

)

At 31 March 2025

2,212,705

142,587

2,355,292

Net book value

At 31 March 2025

887,285

342,806

1,230,091

At 31 March 2024

1,243,323

168,713

1,412,036

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

465,012

379,543

Other debtors

294,093

573,216

759,105

952,759

6.	CURRENT ASSET INVESTMENTS

2025

2024

£

£

Unlisted investments

165

165

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

143,274

214,911

Hire purchase contracts

325,033

307,673

Trade creditors

197,645

265,920

Taxation and social security

100,276

168,228

Other creditors

224,498

62,520

990,726

1,019,252

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

143,274

Hire purchase contracts

464,937

566,696

464,937

709,970

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

143,274

358,185

Hire purchase contracts

789,970

874,369

933,244

1,232,554

Bank borrowings are secured by a fixed and floating charge over the assets of the company, and by way of personal security given by the company's directors. Hire purchase liabilities are secured against the assets to which they relate.

10.	OTHER FINANCIAL COMMITMENTS - FEEDSTOCK SUPPLY AGREEMENT

Taking effect from February 2017, the company committed under the terms of a 'feedstock supply agreement' (FSA) entered into with Welland Bio Power Limited to supply a specified per annum quantity of timber waste into a waste-to-energy production plant. The FSA was set to end in February 2022 however, at the date of the directors approving these financial statements, the FSA has (by mutual agreement between the parties) been extended and is expected to subsist until the terms of an updated FSA can be agreed. At the date of approving these financial statements the directors have no reason to believe that they will not be able to continue to honour the terms of the FSA.