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Registered number: 12017369
Grinsells Waste Management Limited
Unaudited Financial Statements
For The Year Ended 31 May 2025
DKR Chartered Accountants
36 Lichfield Street
Walsall
West Midlands
WS1 1TJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12017369
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 350,000 250,000
Investments 5 668,325 668,325
1,018,325 918,325
CURRENT ASSETS
Debtors 6 - 234,798
Cash at bank and in hand 32,051 55,127
32,051 289,925
Creditors: Amounts Falling Due Within One Year 7 (509,125 ) (733,971 )
NET CURRENT ASSETS (LIABILITIES) (477,074 ) (444,046 )
TOTAL ASSETS LESS CURRENT LIABILITIES 541,251 474,279
PROVISIONS FOR LIABILITIES
Deferred Taxation (12,250 ) (12,250 )
NET ASSETS 529,001 462,029
CAPITAL AND RESERVES
Called up share capital 8 100 100
Revaluation reserve 9 36,750 36,750
Profit and Loss Account 492,151 425,179
SHAREHOLDERS' FUNDS 529,001 462,029
Page 1
Page 2
For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 Declan Shanley
Director
29th May 2026
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Grinsells Waste Management Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12017369 . The registered office is 36 Lichfield Street, Walsall, West Midlands, WS1 1TJ.
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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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:
Freehold Nil
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2024: NIL)
- -
4. Tangible Assets
Land & Property
Freehold
£
Cost or Valuation
As at 1 June 2024 250,000
Additions 100,000
As at 31 May 2025 350,000
Net Book Value
As at 31 May 2025 350,000
As at 1 June 2024 250,000
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5. Investments
Unlisted
£
Cost or Valuation
As at 1 June 2024 668,325
As at 31 May 2025 668,325
Provision
As at 1 June 2024 -
As at 31 May 2025 -
Net Book Value
As at 31 May 2025 668,325
As at 1 June 2024 668,325
Investments held represent a 100% shareholding in Grinsells Skip Hire Limited, a company incorporated in England & Wales.
6. Debtors
2025 2024
£ £
Due within one year
Prepayments and accrued income - 100,000
Amounts owed by subsidiaries - 134,798
- 234,798
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Accruals and deferred income 904 1,679
Directors' loan accounts 248,772 732,292
Amounts owed to subsidiaries 259,449 -
509,125 733,971
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
9. Reserves
Revaluation reserve Profit and Loss Account
£ £
As at 1 June 2024 36,750 425,179
Profit for the year and total comprehensive income - 103,472
Dividends paid - (36,500)
As at 31 May 2025 36,750 492,151
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10. Related Party Transactions
As of 31 May 2025, there were amounts owed by the company to the subsidiary of £248,772. In 2024, this was instead a loan from the company to the subsidiary of £134,798. This loan is interest free and repayable on demand.
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