Silverfin false false 31/12/2025 01/01/2025 31/12/2025 K S Amesbury 06/04/2015 S P Dennett 31/03/2025 01/12/2021 A R Gardner 06/04/2015 B J Moore 06/03/2020 B J Moore 04/05/1999 H L Moore 01/05/2004 M Swarbrick 01/01/2023 31 March 2026 The principal activity of the Company during the financial year was the sale, service and repair of recycling equipment.
The company remains committed to its R&D programme and continued work on projects during the year. 03679321 2025-12-31 03679321 bus:Director1 2025-12-31 03679321 bus:Director2 2025-12-31 03679321 bus:Director3 2025-12-31 03679321 bus:Director4 2025-12-31 03679321 bus:Director5 2025-12-31 03679321 bus:Director6 2025-12-31 03679321 bus:Director7 2025-12-31 03679321 2024-12-31 03679321 core:CurrentFinancialInstruments 2025-12-31 03679321 core:CurrentFinancialInstruments 2024-12-31 03679321 core:Non-currentFinancialInstruments 2025-12-31 03679321 core:Non-currentFinancialInstruments 2024-12-31 03679321 core:ShareCapital 2025-12-31 03679321 core:ShareCapital 2024-12-31 03679321 core:RetainedEarningsAccumulatedLosses 2025-12-31 03679321 core:RetainedEarningsAccumulatedLosses 2024-12-31 03679321 core:LeaseholdImprovements 2024-12-31 03679321 core:PlantMachinery 2024-12-31 03679321 core:Vehicles 2024-12-31 03679321 core:FurnitureFittings 2024-12-31 03679321 core:ComputerEquipment 2024-12-31 03679321 core:LeaseholdImprovements 2025-12-31 03679321 core:PlantMachinery 2025-12-31 03679321 core:Vehicles 2025-12-31 03679321 core:FurnitureFittings 2025-12-31 03679321 core:ComputerEquipment 2025-12-31 03679321 2025-01-01 2025-12-31 03679321 bus:FilletedAccounts 2025-01-01 2025-12-31 03679321 bus:SmallEntities 2025-01-01 2025-12-31 03679321 bus:AuditExemptWithAccountantsReport 2025-01-01 2025-12-31 03679321 bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 03679321 bus:Director1 2025-01-01 2025-12-31 03679321 bus:Director2 2025-01-01 2025-12-31 03679321 bus:Director3 2025-01-01 2025-12-31 03679321 bus:Director4 2025-01-01 2025-12-31 03679321 bus:Director5 2025-01-01 2025-12-31 03679321 bus:Director6 2025-01-01 2025-12-31 03679321 bus:Director7 2025-01-01 2025-12-31 03679321 core:LeaseholdImprovements 2025-01-01 2025-12-31 03679321 core:PlantMachinery 2025-01-01 2025-12-31 03679321 core:Vehicles 2025-01-01 2025-12-31 03679321 core:FurnitureFittings 2025-01-01 2025-12-31 03679321 core:ComputerEquipment core:TopRangeValue 2025-01-01 2025-12-31 03679321 2024-01-01 2024-12-31 03679321 core:ComputerEquipment 2025-01-01 2025-12-31 iso4217:GBP xbrli:pure

Company No: 03679321 (England and Wales)

# PRM WASTE SYSTEMS LIMITED

### Unaudited Financial Statements
For the financial year ended 31 December 2025
Pages for filing with the registrar

PRM WASTE SYSTEMS LIMITED

## Unaudited Financial Statements

For the financial year ended 31 December 2025

Contents

PRM WASTE SYSTEMS LIMITED

## BALANCE SHEET

As at 31 December 2025
PRM WASTE SYSTEMS LIMITED

## BALANCE SHEET (continued)

As at 31 December 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 329,613 |  | 363,125
Investments | 4 | 1 |  | 1
|  | 329,614 |  | 363,126
Current assets |  |  |  |
Stocks |  | 328,947 |  | 276,238
Debtors | 5 | 861,398 |  | 747,469
Cash at bank and in hand |  | 215,038 |  | 169,143
|  | 1,405,383 |  | 1,192,850
Creditors: amounts falling due within one year | 6 | ( 1,042,015) |  | ( 841,173)
Net current assets |  | 363,368 |  | 351,677
Total assets less current liabilities |  | 692,982 |  | 714,803
Creditors: amounts falling due after more than one year | 7 | 0 |  | ( 29,186)
Provision for liabilities |  | ( 21,936) |  | ( 61,579)
Net assets |  | 671,046 |  | 624,038
Capital and reserves |  |  |  |
Called-up share capital |  | 100 |  | 100
Profit and loss account |  | 670,946 |  | 623,938
Total shareholders' funds |  | 671,046 |  | 624,038

For the financial year ending 31 December 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 financial statements for the financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of PRM Waste Systems Limited (registered number: 03679321) were approved and authorised for issue by the Board of Directors on 31 March 2026. They were signed on its behalf by:

H L Moore Director |

PRM WASTE SYSTEMS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2025
PRM WASTE SYSTEMS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

PRM Waste Systems Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 21 Knights Road, Chelston Business Park, Wellington, Somerset, TA21 9JH, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.
Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

##### Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.
**Rental revenue**
Rental revenue comprises the fair value of the consideration of rents received or receivable and is recognised over the period to which it relates.

##### Dividend income

Dividend income from investments is recognised when the shareholders' rights to receive payment have been established (provided that it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably).

##### Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either other debtors or other creditors in the Balance Sheet.

##### Finance costs

Finance costs are charged to the Profit and Loss Account over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

##### Research and development

Research expenditure is written off as incurred. Development expenditure is also written off, except where the directors are satisfied as to the technical, commercial and financial viability of individual projects. In such cases, the identifiable expenditure is capitalised as an intangible asset and amortised over the period during which the Company is expected to benefit. This period is between three and five years. Provision is made for any impairment.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Leasehold improvements | 5 % reducing balance
Plant and machinery | 20 % reducing balance
Vehicles | 25 % reducing balance
Fixtures and fittings | 25 % reducing balance
Computer equipment | 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

##### Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials and direct labour, and is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

##### Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Loans and 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.

##### Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

##### Ordinary share capital

The ordinary share capital of the Company is presented as equity.

##### Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 25 |  | 24

#### 3. Tangible assets

| Leasehold improve- ments |  | Plant and machinery |  | Vehicles |  | Fixtures and fittings |  | Computer equipment |  | Total
| £ |  | £ |  | £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |  |  |  |  |
At 01 January 2025 | 269,791 |  | 177,876 |  | 98,161 |  | 46,168 |  | 41,002 |  | 632,998
Additions | 0 |  | 17,062 |  | 0 |  | 1,849 |  | 3,317 |  | 22,228
Disposals | 0 |  | 0 |  | ( 7,710) |  | 0 |  | 0 |  | ( 7,710)
At 31 December 2025 | 269,791 |  | 194,938 |  | 90,451 |  | 48,017 |  | 44,319 |  | 647,516
Accumulated depreciation |  |  |  |  |  |  |  |  |  |  |
At 01 January 2025 | 58,195 |  | 81,822 |  | 62,471 |  | 38,327 |  | 29,058 |  | 269,873
Charge for the financial year | 10,580 |  | 22,882 |  | 8,737 |  | 2,516 |  | 7,496 |  | 52,211
Disposals | 0 |  | 0 |  | ( 4,181) |  | 0 |  | 0 |  | ( 4,181)
At 31 December 2025 | 68,775 |  | 104,704 |  | 67,027 |  | 40,843 |  | 36,554 |  | 317,903
Net book value |  |  |  |  |  |  |  |  |  |  |
At 31 December 2025 | 201,016 |  | 90,234 |  | 23,424 |  | 7,174 |  | 7,765 |  | 329,613
At 31 December 2024 | 211,596 |  | 96,054 |  | 35,690 |  | 7,841 |  | 11,944 |  | 363,125

#### 4. Fixed asset investments

| 2025 |  | 2024
| £ |  | £
Subsidiary undertakings | 1 |  | 1

#### 5. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 590,391 |  | 605,708
Other debtors | 271,007 |  | 141,761
| 861,398 |  | 747,469

#### 6. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Trade creditors | 373,782 |  | 172,704
Amounts owed to Group undertakings | 20,597 |  | 139,933
Other taxation and social security | 128,062 |  | 177,553
Other creditors | 519,574 |  | 350,983
| 1,042,015 |  | 841,173

#### 7. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Other creditors | 0 |  | 29,186