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REGISTERED NUMBER: 06267069 (England and Wales)

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 AUGUST 2025 |

| FOR |

| GSH WASTE RECYCLING LTD |

| GSH WASTE RECYCLING LTD (REGISTERED NUMBER: 06267069) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

Page |

| Company Information | 1 |

| Abridged Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| GSH WASTE RECYCLING LTD |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 AUGUST 2025

| DIRECTORS: | Mr K Grundy

| Mr S Grundy

| SECRETARY: | Mr S Grundy

| REGISTERED OFFICE: | Waste Transfer Station

| Pickerings Road

| Halebank

| Widnes

| Cheshire

| WA8 8XW

| REGISTERED NUMBER: | 06267069 (England and Wales)

| ACCOUNTANTS: | Livesey Spottiswood Ltd

| Chartered Accountants

| 17 George Street

| St Helens

| Merseyside

| WA10 1DB

| GSH WASTE RECYCLING LTD (REGISTERED NUMBER: 06267069) |

ABRIDGED BALANCE SHEET

31 AUGUST 2025

| 2025 |  | 2024

| Notes | £ | £ |

FIXED ASSETS

Intangible assets | 4 | - |  | - |  |

Tangible assets | 5 | 3,238,036 |  | 2,992,986 |  |

3,238,036 |  | 2,992,986 |  |

CURRENT ASSETS

Stocks | 18,000 |  | 18,401 |  |

Debtors | 1,787,992 |  | 1,288,269 |  |

Cash at bank | 1,580,209 |  | 1,568,470 |  |

3,386,201 |  | 2,875,140 |  |

CREDITORS

Amounts falling due within one year | (976,821 | ) | (1,000,023 | ) |

NET CURRENT ASSETS | 2,409,380 |  | 1,875,117 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 5,647,416 |  | 4,868,103 |  |

CREDITORS

Amounts falling due after more than one year | (692,567 | ) | (606,404 | ) |

PROVISIONS FOR LIABILITIES | (704,460 | ) | (612,359 | ) |

NET ASSETS | 4,250,389 |  | 3,649,340 |  |

CAPITAL AND RESERVES

Called up share capital | 7 | 225,000 |  | 225,000 |  |

Retained earnings | 4,025,389 |  | 3,424,340 |  |

SHAREHOLDERS' FUNDS | 4,250,389 |  | 3,649,340 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

| GSH WASTE RECYCLING LTD (REGISTERED NUMBER: 06267069) |

ABRIDGED BALANCE SHEET - continued

31 AUGUST 2025

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 August 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 17 March 2026 and were signed on its behalf by:

Mr K Grundy - Director

| GSH WASTE RECYCLING LTD (REGISTERED NUMBER: 06267069) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

1. | STATUTORY INFORMATION

| GSH Waste Recycling Ltd 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 represents invoiced sales of goods and services, net of value added tax.

| Goodwill

| Goodwill arising from the acquisition of the assets and trade of a business is being amortised over its estimated useful life of 5 years.

| Tangible fixed assets

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

| Short leasehold | - | 10% on reducing balance

| Plant and machinery | - | 20% on reducing balance and 15% on reducing balance

| Office equipment | - | 20% on reducing balance

| Motor vehicles | - | 20% on reducing balance

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Financial instruments

| Financial assets, comprising trade debtors and other short term debtors, are measured at transaction price (usually the invoice price), less any impairment losses for bad and doubtful debts.

| Financial liabilities, comprising trade creditors and other short term creditors, are measured at transaction price (usually the invoice price). Where the company has entered into an arrangement which is effectively a financing transaction, the financial liability is initially measured at the present value of future payments (discounted at market interest rate) and subsequently carried at amortised cost, using the effective interest rate method.

| Taxation

| Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

| Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences.

| Hire purchase and leasing commitments

| Rentals payable under operating leases are charged against profits on a straight line basis over the periods of the leases. Assets acquired under finance leases and hire purchase contracts are capitalised as tangible fixed assets and depreciated in accordance with the accounting policy on depreciation. The related obligations, net of finance costs allocated to future periods, are included in creditors. Finance costs are charged against profits on a straight line basis over the periods of the contracts.

| 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.

| GSH WASTE RECYCLING LTD (REGISTERED NUMBER: 06267069) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 AUGUST 2025

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 32 (2024 - 29 ) .

4. | INTANGIBLE FIXED ASSETS

| Totals

£ |

| COST

| At 1 September 2024

| and 31 August 2025 | 740,000 |  |

| AMORTISATION

| At 1 September 2024

| and 31 August 2025 | 740,000 |  |

| NET BOOK VALUE

| At 31 August 2025 | - |  |

| At 31 August 2024 | - |  |

5. | TANGIBLE FIXED ASSETS

| Totals

£ |

| COST

| At 1 September 2024 | 10,215,970 |  |

| Additions | 971,321 |  |

| Disposals | (165,000 | ) |

| At 31 August 2025 | 11,022,291 |  |

| DEPRECIATION

| At 1 September 2024 | 7,222,984 |  |

| Charge for year | 660,940 |  |

| Eliminated on disposal | (99,669 | ) |

| At 31 August 2025 | 7,784,255 |  |

| NET BOOK VALUE

| At 31 August 2025 | 3,238,036 |  |

| At 31 August 2024 | 2,992,986 |  |

6. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Hire purchase contracts | 380,961 |  | 283,981 |  |

| The hire purchase contracts are secured against the assets to which they relate.

| GSH WASTE RECYCLING LTD (REGISTERED NUMBER: 06267069) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 AUGUST 2025

7. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 5,000 | Ordinary | £1 | 5,000 |  | 5,000 |  |

| 220,000 | Redeemable | £1 | 220,000 |  | 220,000 |  |

225,000 |  | 225,000 |  |

8. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 31 August 2025 and 31 August 2024:

2025 | 2024 |

£ | £ |

| Mr S Grundy

| Balance outstanding at start of year | - |  | - |  |

| Amounts advanced | 631,003 |  | - |  |

| Amounts repaid | (370,000 | ) | - |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 261,003 |  | - |  |

9. | RELATED PARTY DISCLOSURES

| During the year, the company provided skip hire services amounting to £9,803 (2024 - £19,795) to and purchased services, amounting to £30,021 (2024 - £67,792) from Grundy & Co Excavations Limited, a company in which Mr K Grundy and Mr S Grundy are also directors and shareholders. Normal commercial terms applied. At 31 August 2025, £8,212 (2024 - £6,344) was due to Grundy & Co Excavations Limited.

| The company occupies premises owned by the Grundy & Co Excavations Ltd Retirement Benefit Scheme, a scheme is which both directors are members. The amount paid during the year was £90,000 (2024 - £90,000).

| The company is also in receipt of an unsecured interest free loan from KJG Investments Limited, a company controlled by the director Mr K Grundy. At 31 August 2025, £487,567 (2024 - £475,443) was due to KJG Investments Limited.