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Registered number: 11712644
Cornwall Waste Care Ltd.
Unaudited Financial Statements
For The Year Ended 31 December 2025
Whyfield Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11712644
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 440,064 447,497
440,064 447,497
CURRENT ASSETS
Stocks 5 25,000 20,000
Debtors 6 60,447 96,752
Cash at bank and in hand 4,337 28
89,784 116,780
Creditors: Amounts Falling Due Within One Year 7 (195,654 ) (222,314 )
NET CURRENT ASSETS (LIABILITIES) (105,870 ) (105,534 )
TOTAL ASSETS LESS CURRENT LIABILITIES 334,194 341,963
Creditors: Amounts Falling Due After More Than One Year 8 (165,800 ) (211,619 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (71,726 ) (97,669 )
NET ASSETS 96,668 32,675
CAPITAL AND RESERVES
Called up share capital 10 1 1
Profit and Loss Account 96,667 32,674
SHAREHOLDERS' FUNDS 96,668 32,675
Page 1
Page 2
For the 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.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Charles Scully
Director
10/02/2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Cornwall Waste Care Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 11712644 . The registered office is C/O Whyfield Truro Business Park, Threemilestone, Truro, Cornwall, TR4 9LF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 10% RB
Motor Vehicles 10% RB
Fixtures & Fittings 25% RB
Computer Equipment 25% RB
2.4. Leasing and Hire Purchase Contracts
Assets obtained under 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 the profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 15 (2024: 9)
15 9
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2025 3,061 533,382 1,072 15,829 553,344
Additions - 38,528 120 4,687 43,335
Disposals - - - (2,997 ) (2,997 )
As at 31 December 2025 3,061 571,910 1,192 17,519 593,682
Depreciation
As at 1 January 2025 1,192 97,921 690 6,044 105,847
Provided during the period 187 45,794 115 2,112 48,208
Disposals - - - (437 ) (437 )
As at 31 December 2025 1,379 143,715 805 7,719 153,618
Net Book Value
As at 31 December 2025 1,682 428,195 387 9,800 440,064
As at 1 January 2025 1,869 435,461 382 9,785 447,497
5. Stocks
2025 2024
£ £
Stock 25,000 20,000
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6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 42,432 15,445
Other debtors 15,103 38,530
57,535 53,975
Due after more than one year
Other debtors 2,912 42,777
60,447 96,752
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 102,518 119,387
Trade creditors 42,474 13,033
Bank loans and overdrafts 1,500 6,929
IWOCA Loan <1 year - 13,117
Other creditors 1,173 1,000
Taxation and social security 47,989 68,848
195,654 222,314
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 165,800 210,296
Lloyds Bounceback Loan >1 year - 1,323
165,800 211,619
9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 102,518 119,387
Later than one year and not later than five years 165,800 210,296
268,318 329,683
268,318 329,683
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
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