General Information
VIABLE WASTE SOLUTIONS LTD is a private company, limited by shares, registered in England and Wales, registration number 12744687, registration address 40a London Road, Gloucester, Gloucestershire, GL1 3NU.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the income statement on a straight line basis.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Plant and Machinery |
20% Straight Line
|
| Computer Equipment |
33% Straight Line
|
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
|
| 2. |
Staff Costs
|
2025
£ |
|
2024
£ |
| Wages and salaries |
65,550 |
|
53,383 |
| Social security costs |
1,235 |
|
- |
| Pension costs, defined contribution plan |
445 |
|
632 |
|
67,230 |
|
54,015 |
|
| 3. |
Average number of employees
Average number of employees during the period was 3 (2024 : 2).
|
| 4. |
Tangible fixed assets
| Cost or valuation |
Plant and Machinery |
|
Computer Equipment |
|
Total |
| |
£ |
|
£ |
|
£ |
| At 01 August 2024 |
50,893 |
|
358 |
|
51,251 |
| Additions |
- |
|
1,353 |
|
1,353 |
| Disposals |
- |
|
- |
|
- |
| At 31 December 2025 |
50,893 |
|
1,711 |
|
52,604 |
| Depreciation |
| At 01 August 2024 |
30,485 |
|
358 |
|
30,843 |
| Charge for period |
14,418 |
|
564 |
|
14,982 |
| On disposals |
- |
|
- |
|
- |
| At 31 December 2025 |
44,903 |
|
922 |
|
45,825 |
| Net book values |
| Closing balance as at 31 December 2025 |
5,990 |
|
789 |
|
6,779 |
| Opening balance as at 01 August 2024 |
20,408 |
|
- |
|
20,408 |
The net book value of Plant and Machinery includes £ 5,910 (2024 £20,257) in respect of assets leased under finance leases or hire purchase contracts.
|
| 5. |
Share Capital
Allotted, called up and fully paid
|
2025
£ |
|
2024
£ |
|
100
Class A shares of £1.00 each |
100 |
|
100 |
|
100 |
|
100 |
|
2
|