ACCOUNTS - Final Accounts preparation

Registered number: 05166059

ANYJUNK LIMITED

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

ANYJUNK LIMITED

COMPANY INFORMATION

Directors	B S Black
	J E Gibson
	J A J Mohr


Company secretary	Mrs E M Mohr


Registered number	05166059


Registered office	9 Felsham Road
	Putney
	London
	SW15 1AX


Independent auditors	Magee Gammon Corporate Limited
	Chartered Accountants & Statutory Auditors
	Henwood House
	Henwood
	Ashford
	Kent
	TN24 8DH

ANYJUNK LIMITED

CONTENTS

	Page
Strategic report	1 - 2
Directors' report	3 - 4
Independent auditors' report	5 - 8
Statement of income and retained earnings	9
Balance sheet	10
Statement of cash flows	11
Analysis of net debt	12
Notes to the financial statements	13 - 28

ANYJUNK LIMITED

STRATEGIC REPORT

FOR THE YEAR ENDED 30 SEPTEMBER 2025

Introduction

AnyJunk provides on-demand bulky waste collection and software development services. It specialises in solutions for nationwide and multi-regional clients. More than 95% of income is from commercial account customers. The company was founded in 2004 and is headquartered in London.

Business review

Financial

In the year ended 30 September 2025, the Company achieved total revenues of £23,041,445 (2024 - £20,425,211). Revenue was split £22,421,282 (2024 - £19,440,556) from waste collection and £620,163 (2024 - £984,645) from software services.

Operating profit was £3,968,743, an increase of 21.3% from the prior year. At the year end the company has net assets of £7,030,672 (2024 - £5,689,968).

Outlook

The outlook for AnyJunk is positive. Its asset-light operating model and in-house software development capability allow it to provide customers with a high quality service at competitive rates. It also has considerable flexibility and scalability with which to embrace changing customer and regulatory requirements.

The directors have considered the current and future financial position of the Company and have concluded that the Company has adequate resources to continue operating for the foreseeable future. For this reason, the Directors continue to adopt the going concern basis for the financial statements.

Principal risks and uncertainties

The Company faces various risks and uncertainties, including:

- Competition: the waste collection industry is competitive. AnyJunk faces competition from other organisations
regionally and nationally.

- Regulatory change: the waste collection industry is subject to regulations. Any changes to these regulations
could impact the Company's business.

- Economic conditions: the Company's business could be impacted by changes in economic conditions. For

example, a recession could lead to a decline in demand for waste collection services.

Financial key performance indicators

The key performance indicators of the business are turnover, gross profit and EBIT and these continue to grow in line or above the expectations of Directors.

Other key performance indicators

Operational

The main operational KPI of AnyJunk is the percentage of waste collections completed within the pickup window requested by the customer. In the year ended 30 September 2025, this KPI was achieved in excess of 99.5% of collections.

Environmental

The main environmental KPI of AnyJunk is the percentage of waste collected that is diverted from landfill. In the year ended 30 September 2025, the percentage of waste diverted from landfill was in aggregate 98% across the whole of the UK and 100% in Greater London.

Page 1

ANYJUNK LIMITED

STRATEGIC REPORT (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2025

This report was approved by the board and signed on its behalf.

___________________________

J A J Mohr

Director

Date: 18 June 2026

Page 2

ANYJUNK LIMITED

DIRECTORS' REPORT

FOR THE YEAR ENDED 30 SEPTEMBER 2025

The directors present their report and the financial statements for the year ended 30 September 2025.

Directors' responsibilities statement

The directors are responsible for preparing the Strategic report, the Directors' report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.

In preparing these financial statements, the directors are required to:

∙select suitable accounting policies for the Company's financial statements and then apply them consistently;

∙make judgements and accounting estimates that are reasonable and prudent;

∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Results and dividends

The profit for the year, after taxation, amounted to £2,940,755 (2024 - £2,475,059).

Dividends totalling £1,600,051 (2024 - £2,494,720) were paid in the year. No further dividend is proposed in relation to the financial year.

Directors

The directors who served during the year were:

B S Black

J E Gibson

J A J Mohr

Future developments

The directors continue to monitor the current trading position of the company and as in previous years the directors will take any action that they consider necessary to ensure continued profitability.

Research and development activities

The Company continues to invest significantly in research and development. Focus research and development areas include supplier management, customer reporting and analytics, and disposal granularity. The Company believes that its research and development investments will help it to continue to grow its business and improve its competitive position in the years ahead.

Page 3

ANYJUNK LIMITED

DIRECTORS' REPORT (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2025

Disclosure of information to auditors

Each of the persons who are directors at the time when this Directors' report is approved has confirmed that:

∙so far as the director is aware, there is no relevant audit information of which the Company's auditors are unaware, and

∙the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company's auditors are aware of that information.

Auditors

The auditors, Magee Gammon Corporate Limited, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.

This report was approved by the board and signed on its behalf.

___________________________

J A J Mohr

Director

Date: 18 June 2026

Page 4

ANYJUNK LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ANYJUNK LIMITED

Opinion

We have audited the financial statements of AnyJunk Limited (the 'Company') for the year ended 30 September 2025, which comprise the Statement of income and retained earnings, the Analysis of net debt, the Balance sheet, the Statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

∙give a true and fair view of the state of the Company's affairs as at 30 September 2025 and of its profit for the year then ended;

∙have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

∙have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' report thereon. The directors are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Page 5

ANYJUNK LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ANYJUNK LIMITED (CONTINUED)

Opinion on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

∙the information given in the Strategic report and the Directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

∙the Strategic report and the Directors' report have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic report or the Directors' report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

∙adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

∙the financial statements are not in agreement with the accounting records and returns; or

∙certain disclosures of directors' remuneration specified by law are not made; or

∙we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Directors' responsibilities statement set out on page 3, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so.

Page 6

ANYJUNK LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ANYJUNK LIMITED (CONTINUED)

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Based on our understanding of the company, we have considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006. We evaluated management incentives and opportunities for fraudulent manipulation of the financial statements including management override, and considered that the principal risk was related to the posting of inappropriate journal entries to improve the result before tax for the year.

We designed audit procedures to respond to the risk, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery, misrepresentations or through collusion.

Procedures performed by the audit team included:

• Discussions with management regarding known or suspected instances of non-compliance with laws and regulations;
• Evaluation of controls designed to prevent and detect irregularities; and
• Assessing journal entries as part of our planned audit approach.

There are inherent limitations in the audit procedures described above, and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. As in all of our audits we also addressed the risk of management override of internal controls, including testing journals and evaluating whether there was evidence of bias by the directors that represented a risk of material misstatement due to fraud.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' report.

Page 7

ANYJUNK LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ANYJUNK LIMITED (CONTINUED)

Use of our report

This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.

Joshua Conlon ACA (Senior statutory auditor)

for and on behalf of

Magee Gammon Corporate Limited

Chartered Accountants

Statutory Auditors

Henwood House

Henwood

Ashford

Kent

TN24 8DH

19 June 2026

Page 8

ANYJUNK LIMITED

STATEMENT OF INCOME AND RETAINED EARNINGS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

		As restated
	2025	2024
Note


Turnover	4	23,041,445	20,425,211
Cost of sales		(16,403,434)	(14,650,296)
Gross profit		6,638,011	5,774,915
Administrative expenses		(2,669,268)	(2,501,854)
Operating profit		3,968,743	3,273,061
Interest receivable and similar income	8	44,182	54,902
Interest payable and similar expenses	9	(92,055)	(54,820)
Profit before tax		3,920,870	3,273,143
Tax on profit	10	(980,115)	(798,084)
Profit after tax		£2,940,755	£2,475,059

Retained earnings
- as previously stated	5,197,524	5,016,627
- correction of a prior period error	-	200,558
At the beginning of the year as restated	5,197,524	5,217,185

Profit for the year	2,940,755	2,475,059
Dividends declared and paid	(1,600,051)	(2,494,720)
Retained earnings at the end of the year	£6,538,228	£5,197,524

There were no recognised gains and losses for 2025 or 2024 other than those included in the statement of income and retained earnings.

The notes on pages 13 to 28 form part of these financial statements.

Page 9

ANYJUNK LIMITED

REGISTERED NUMBER: 05166059

BALANCE SHEET

AS AT 30 SEPTEMBER 2025

		As restated
	2025	2024
Note

Fixed assets
Intangible assets	12		673,273		445,017
Tangible assets	13		1,381,599		1,398,962
Investments	14		2,142,683		2,142,683
			4,197,555		3,986,662
Current assets
Stocks	15	3,574		11,914
Debtors: amounts falling due within one year	16	4,556,587		4,719,288
Cash at bank and in hand	17	2,045,781		1,031,224
		6,605,942		5,762,426
Creditors: amounts falling due within one year	18	(3,114,816)		(3,309,629)
Net current assets			3,491,126		2,452,797
Total assets less current liabilities			7,688,681		6,439,459
Creditors: amounts falling due after more than one year	19		(611,171)		(699,023)
Provisions for liabilities
Deferred tax	22		(46,838)		(50,468)
Net assets			£7,030,672		£5,689,968

Capital and reserves
Called up share capital	23	16	16
Share premium account		492,428	492,428
Profit and loss account		6,538,228	5,197,524
		£7,030,672	£5,689,968

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

___________________________

J A J Mohr

Director

Date: 18 June 2026

The notes on pages 13 to 28 form part of these financial statements.

Page 10

ANYJUNK LIMITED

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

2025

2024

Cash flows from operating activities
Profit for the financial year	2,940,755	2,475,059
Adjustments for:
Amortisation of intangible assets	150,056	80,450
Depreciation of tangible assets	23,131	30,641
Loss on disposal of tangible assets	-	372
Interest paid	92,055	54,820
Interest received	(44,182)	(54,902)
Taxation charge	980,115	798,084
Decrease/(increase) in stocks	8,340	(7,512)
Decrease in debtors	162,910	97,228
Increase/(decrease) in creditors	75,137	(122,017)
Corporation tax (paid)	(1,275,884)	(975,464)
Net cash generated from operating activities	3,112,433	2,376,759

Cash flows from investing activities
Purchase of intangible fixed assets	(378,246)	(317,507)
Purchase of tangible fixed assets	(5,834)	(25,578)
Sale of tangible fixed assets	-	83
Purchase of unlisted and other investments	-	(750,000)
Interest received	44,182	54,902
Net cash from investing activities	(339,898)	(1,038,100)
Cash flows from financing activities
Repayment of loans	(74,001)	(74,908)
Dividends paid	(1,600,051)	(2,494,720)
Interest paid	(92,054)	(54,820)
Net cash used in financing activities	(1,766,106)	(2,624,448)
Net increase/(decrease) in cash and cash equivalents	1,006,429	(1,285,789)
Cash and cash equivalents at beginning of year	989,668	2,275,457
Cash and cash equivalents at the end of year	£1,996,097	£989,668

Cash and cash equivalents at the end of year comprise:
Cash at bank and in hand	2,045,781	1,031,224
Bank overdrafts	(49,684)	(41,556)
	£1,996,097	£989,668

Page 11

ANYJUNK LIMITED

ANALYSIS OF NET DEBT

FOR THE YEAR ENDED 30 SEPTEMBER 2025


At 1 October 2024	Cash flows	At 30 September 2025

Cash at bank and in hand	1,031,224	1,014,557	2,045,781
Bank overdrafts	(41,556)	(8,128)	(49,684)
Debt due after 1 year	(699,023)	87,848	(611,175)
Debt due within 1 year	(73,937)	(13,848)	(87,785)
	£216,708	£1,080,429	£1,297,137

The notes on pages 13 to 28 form part of these financial statements.

Page 12

ANYJUNK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

1.	General information

AnyJunk Limited is a private company, limited by shares, incorporated in England and Wales. The registered number of the Company is 05166059. The Company registered office address is 9 Felsham Road, London, England, SW15 1AX. The address of the principal place of business is the same as the registered office address. The principal activities of the company are that of waste collection and software development.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies (see note 3).

The following principal accounting policies have been applied:

2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 13

ANYJUNK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

2.Accounting policies (continued)

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 14

ANYJUNK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

2.Accounting policies (continued)

2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

2.9

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

2.10

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 15

ANYJUNK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

2.Accounting policies (continued)

2.10

Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Leasehold property	-	Over the term of the lease
Fixtures and fittings	-	3 years on straight line basis
IT and website	-	3 years on straight line basis

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.11

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

2.12

Associates and joint ventures

Associates and Joint Ventures are held at cost less impairment.

2.13

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

2.14

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 16

ANYJUNK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

2.Accounting policies (continued)

2.15

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

In the Statement of cash flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the Company's cash management.

2.16

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.17

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.

Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Increases in provisions are generally charged as an expense to profit or loss.

2.18

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

Page 17

ANYJUNK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

2.Accounting policies (continued)

2.18

Financial instruments (continued)

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Basic financial liabilities

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 the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

2.19

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.

Page 18

ANYJUNK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

3.	Judgements in applying accounting policies and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

The judgements (apart from those involving estimations) that management have made in the process of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements are as follows:

(i) Useful economic life of fixed assets - The annual depreciation charges are based upon management's assessment of the useful economic lives and residual values of the company's tangible assets. These are reassessed annually and amended where necessary.

(ii) Accruals - The accruals are based upon management's assessment of money that has been spent, but not yet invoiced or paid.

(iii) Accrued income - Accrued income is based upon management's assessment of money that has been earned, but not yet invoiced or received.

Turnover

	An analysis of turnover by class of business is as follows:
					2025	2024

Waste services	22,421,282	19,440,566
Software services	620,163	984,645
	£23,041,445	£20,425,211

All turnover arose within the United Kingdom.

5.	Auditors' remuneration
	During the year, the Company obtained the following services from the Company's auditors:
		2025	2024

Fees payable to the Company's auditors for the audit of the Company's financial statements

13,000

10,500

Page 19

ANYJUNK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

6.	Employees
	Staff costs, including directors' remuneration, were as follows:
		2025	2024

Wages and salaries	1,851,942	1,856,871
Social security costs	233,550	197,294
Cost of defined contribution scheme	45,029	48,332
	£2,130,521	£2,102,497

The average monthly number of employees, including the directors, during the year was as follows:

	2025	2024
	No.	No.

Directors	1	1
Software services staff cost of sales	6	6
Waste services staff	36	37

	43	44

7.	Directors' remuneration
					2025	2024

Directors' emoluments	425,000	200,000
Company contributions to defined contribution pension schemes	2,201	2,201
	£427,201	£202,201

	The highest paid director received remuneration of £425,000 (2024 - £200,000).
	The value of the Company's contributions paid to a defined contribution pension scheme in respect of the highest paid director amounted to £2,201 (2024 - £2,201).

8.	Interest receivable
					2025	2024

Other interest receivable

£44,182

£54,902

Page 20

ANYJUNK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

9.	Interest payable and similar expenses
					2025	2024

Bank interest payable	51,095	54,059
Other interest payable	40,960	761
	£92,055	£54,820

10.	Taxation

		2025	2024

Corporation tax
Current tax on profits for the year	983,744	818,278
Adjustments in respect of previous periods	-	(14,537)
	983,744	803,741

Total current tax	£983,744	£803,741

Deferred tax
Origination and reversal of timing differences	(3,629)	(5,657)
Total deferred tax	£(3,629)	£(5,657)


	Profit after tax	£980,115	£798,084

Page 21

ANYJUNK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

10.Taxation (continued)

Factors affecting tax charge for the year
The tax assessed for the year is higher than (2024 - lower than) the standard rate of corporation tax in the UK of 25% (2024 - 25%). The differences are explained below:
	2025	2024

Profit on ordinary activities before tax

£3,920,870

£3,273,143

Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2024 - 25%)	973,690	818,286
Effects of:
Expenses not deductible for tax purposes, other than goodwill amortisation and impairment	-	521
Capital allowances for year in (deficit) / excess of depreciation	6,425	(6,186)
Adjustments to tax charge in respect of prior periods	-	3,026
Adjustment in research and development tax credit leading to an increase (decrease) in the tax charge	-	(17,563)
Total tax charge for the year	£980,115	£798,084

Factors that may affect future tax charges

There are no factors that may affect future tax charges.

11.	Dividends
					2025	2024

Dividends paid

£1,600,051

£2,494,720

Page 22

ANYJUNK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

12.	Intangible assets

		Computer software
	Cost
	At 1 October 2024	549,919
	Additions - internal	378,246
	At 30 September 2025	928,165
	Amortisation
	At 1 October 2024	104,902
	Charge for the year on owned assets	149,990
	At 30 September 2025	254,892
	Net book value
	At 30 September 2025	£673,273
	At 30 September 2024	£445,017

Page 23

ANYJUNK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

13.	Tangible fixed assets

	Long-term leasehold property	Fixtures and fittings	Office equipment	Total
Cost or valuation
At 1 October 2024	1,374,286	108,424	517,310	2,000,020
Additions	-	-	5,834	5,834
Disposals	-	(25,964)	-	(25,964)
At 30 September 2025	1,374,286	82,460	523,144	1,979,890
Depreciation
At 1 October 2024	11,865	108,335	480,858	601,058
Charge for the year on owned assets	1,376	(25,875)	461,736	437,237
Disposals	-	-	(440,004)	(440,004)
At 30 September 2025	13,241	82,460	502,590	598,291
Net book value
At 30 September 2025	£1,361,045	£-	£20,554	£1,381,599
At 30 September 2024	£1,362,421	£89	£36,452	£1,398,962

Prior year adjustment Comparatives as of 30 September 2024 have been restated to align depreciation, relating to leasehold property, with the term of the lease. The effect of the restatement has decreased brought forward depreciation, as at 1 October 2023, by £200,558. The depreciation charge for the comparative year also reduced by £26,201. This has ultimately resulted in an increase to profit after tax in the comparative year by £26,201. This has also increased net assets by £226,759.
The net book value of land and buildings may be further analysed as follows:
	2025	2024

	Long leasehold	£1,361,045	£1,362,421

Page 24

ANYJUNK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

14.	Fixed asset investments

	Investments in associates	Unlisted investments	Total
Cost or valuation
At 1 October 2024	2,137,681	5,002	2,142,683
At 30 September 2025	£2,137,681	£5,002	£2,142,683

Associate
The following was an associate of the Company:
Name	Registered office	Class of shares	Holding

LoveJunk Limited

9 Felsham Road, London, SW15 1AX

Ordinary

41.44%

15.	Stocks
					2025	2024

	Finished goods and goods for resale	£3,574	£11,914

16.

Debtors

2025

2024


Trade debtors	4,453,148	4,661,246
Other debtors	250	40
Prepayments and accrued income	103,189	58,002
	£4,556,587	£4,719,288

17.	Cash and cash equivalents
					2025	2024

Cash at bank and in hand	2,045,781	1,031,224
Less: bank overdrafts	(49,684)	(41,556)
	£1,996,097	£989,668

Page 25

ANYJUNK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

18.	Creditors: Amounts falling due within one year
					2025	2024

Bank overdrafts	49,684	41,556
Bank loans	87,785	73,937
Trade creditors	1,745,920	1,552,143
Corporation tax	478,885	770,815
Other taxation and social security	470,795	385,379
Other creditors	146,187	372,813
Accruals and deferred income	135,560	112,986
	£3,114,816	£3,309,629

	The following liabilities were secured:
					2025	2024


	Bank loans	87,785	73,937

Details of security provided:

Bank loans are secured by a charge over the company's leasehold property at Felsham Road, Putney.

19.	Creditors: Amounts falling due after more than one year
					2025	2024

	Bank loans	£611,171	£699,023

	The following liabilities were secured:
					2025	2024


	Bank loans	611,171	699,023

Details of security provided:

Bank loans are secured by a charge over the company's leasehold property at Felsham Road, Putney.

Page 26

ANYJUNK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

20.	Loans
	Analysis of the maturity of loans is given below:
		2025	2024

Amounts falling due within one year
Bank loans	87,785	73,937
Amounts falling due 1-2 years
Bank loans	93,598	79,558
Amounts falling due 2-5 years
Bank loans	517,578	619,465

	£698,961	£772,960

The company received a secured loan in 2022 for £901,000. The loan is repayable after 5 years and the interest payable on the loan is 2.35% above the Bank of England base rate.

21.	Financial instruments
					2025	2024

Financial assets
Financial assets measured at fair value through profit or loss	2,045,781	1,031,224
Financial assets measured at amortised cost through profit or loss	4,556,507	4,661,286
	£6,602,288	£5,692,510

Financial liabilities
Financial liabilities measured at fair value through profit or loss	(748,640)	(814,516)
Financial liabilities measured at amortised cost through profit or loss	(1,892,106)	(1,924,956)
	£(2,640,746)	£(2,739,472)

	Financial assets measured at fair value through profit or loss comprise of bank and cash balances. Financial assets measured at amortised cost through profit or loss comprise of trade debtors and other debtors.
	Financial liabilities measured at fair value through profit or loss comprise of bank loans and overdrafts. Financial liabilities measured at amortised cost through profit or loss comprise of trade creditors and other creditors.

Page 27

ANYJUNK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

22.	Deferred taxation

	2025	2024

At beginning of year	50,468	56,125
Charged to profit or loss	(3,629)	(5,657)
At end of year	£46,839	£50,468

	The provision for deferred taxation is made up as follows:
					2025	2024

Accelerated capital allowances

£46,839

£50,468

23.	Share capital
					2025	2024

Allotted, called up and fully paid

15,592 (2024 - 15,592) Ordinary shares of £0.001 each	£15.592	£15.592

24.	Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £45,029 (2024 - £48,332) Contributions totalling £24,324 (2024 - £9,968) were payable to the fund at the balance sheet date and are included in creditors.

25.	Related party transactions
	At the balance sheet date, AnyJunk Limited owed £Nil (2024 - owed £250,000), in respect to loans advanced, to companies under common control with AnyJunk Limited.

Page 28