Company No: 04001914 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Intangible assets	3	1,450		1,980
Tangible assets	4	1,418,260		1,287,938
		1,419,710		1,289,918
Current assets
Debtors	5	1,544,614		2,073,915
Cash at bank and in hand		358,944		238,855
		1,903,558		2,312,770
Creditors: amounts falling due within one year	6	( 1,080,478)		( 841,438)
Net current assets		823,080		1,471,332
Total assets less current liabilities		2,242,790		2,761,250
Creditors: amounts falling due after more than one year	7	( 625,617)		( 366,253)
Provision for liabilities		( 359,420)		( 326,783)
Net assets		1,257,753		2,068,214
Capital and reserves
Called-up share capital	8	100		100
Profit and loss account		1,257,653		2,068,114
Total shareholder's funds		1,257,753		2,068,214

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 member has 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements of Andersons Waste Management Ltd (registered number: 04001914) were approved and authorised for issue by the Board of Directors on 05 May 2026. They were signed on its behalf by:

E A Bacon Director

T P Nelson Director

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

Andersons Waste Management Ltd (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 Unit 6 Hydro Estate St Andrews Road, Avonmouth, Bristol, BS11 9HS, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and 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 £.

Turnover

Turnover is measured at the fair value of the consideration received or receivable. It is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Revenue from services is recognised as they are delivered.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

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.

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 average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Website costs

5 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. 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 basis over its expected useful life, as follows:

Land and buildings	10 years straight line
Plant and machinery	5 years straight line
Vehicles	5 years straight line
Fixtures and fittings	5 years straight line
Computer equipment	5 years straight line

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.

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	19		19

3. Intangible assets

	Website costs		Total
	£		£
Cost
At 01 January 2025	4,594		4,594
At 31 December 2025	4,594		4,594
Accumulated amortisation
At 01 January 2025	2,614		2,614
Charge for the financial year	530		530
At 31 December 2025	3,144		3,144
Net book value
At 31 December 2025	1,450		1,450
At 31 December 2024	1,980		1,980

4. Tangible assets

	Land and buildings		Plant and machinery		Vehicles		Fixtures and fittings		Computer equipment		Total
	£		£		£		£		£		£
Cost
At 01 January 2025	38,590		307,547		1,916,504		6,013		23,140		2,291,794
Additions	0		149,680		366,003		0		2,018		517,701
Disposals	0		0		( 51,500)		0		0		( 51,500)
At 31 December 2025	38,590		457,227		2,231,007		6,013		25,158		2,757,995
Accumulated depreciation
At 01 January 2025	10,619		180,994		790,999		3,986		17,258		1,003,856
Charge for the financial year	3,859		50,143		329,740		495		3,142		387,379
Disposals	0		0		( 51,500)		0		0		( 51,500)
At 31 December 2025	14,478		231,137		1,069,239		4,481		20,400		1,339,735
Net book value
At 31 December 2025	24,112		226,090		1,161,768		1,532		4,758		1,418,260
At 31 December 2024	27,971		126,553		1,125,505		2,027		5,882		1,287,938

The net book value of tangible fixed assets includes £586,169 (2024 - £639,398) in respect of assets held under hire purchase contracts.

5. Debtors

	2025		2024
	£		£
Trade debtors	908,823		529,000
Amounts owed by Group undertakings	552,539		1,516,519
Prepayments	74,578		27,492
Corporation tax	7,683		0
Other debtors	991		904
	1,544,614		2,073,915

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	393,445		140,716
Amounts owed to Group undertakings	367,691		287,732
Accruals	4,232		11,635
Corporation tax	0		122,626
Other taxation and social security	100,692		78,191
Obligations under finance leases and hire purchase contracts (secured)	206,491		198,516
Other creditors	7,927		2,022
	1,080,478		841,438

The hire purchase contracts are secured against the assets to which they relate. Two debentures are in place and are secured via fixed and floating charges in favour of Barclays Bank plc and Mr P W Nelson & Mrs M L Nelson.

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

	2025		2024
	£		£
Obligations under finance leases and hire purchase contracts (secured)	625,617		366,253

The hire purchase contracts are secured against the assets to which they relate. Two debentures are in place and are secured via fixed and floating charges in favour of Barclays Bank plc and Mr P W Nelson & Mrs M L Nelson.

Amounts repayable after more than 5 years are included in creditors falling due over one year:

	2025		2024
	£		£
Obligations under finance leases and hire purchase contracts	4,204		0

8. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each	100		100

9. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

	2025		2024
	£		£
within one year	61,600		61,600
between one and five years	184,800		246,400
Total future minimum lease payments under non-cancellable operating leases	246,400		308,000

10. Related party transactions

The company has taken advantage of the exemptions within FRS 102 paragraph 33.1A from disclosing transactions with its wholly owned subsidiaries.

11. Ultimate controlling party

The company's immediate and ultimate parent is Cleanstream Group Limited, incorporated in England and Wales.

The address of Cleanstream Group Limited is Unit 6 Hydro Estate St. Andrews Road, Avonmouth, Bristol, BS11 9HS.