REGISTERED NUMBER: 04287429 (England and Wales)

Strategic Report, Report of the Directors and

Audited Financial Statements for the Year Ended 30 September 2025

for

X-bert Haulage Limited

Page

Company Information

1

Strategic Report

2

Report of the Directors

5

Report of the Independent Auditors

7

Income Statement

10

Other Comprehensive Income

11

Balance Sheet

12

Statement of Changes in Equity

13

Cash Flow Statement

14

Notes to the Cash Flow Statement

15

Notes to the Financial Statements

16

DIRECTORS:

Mrs. P Glynn

H Glynn

SECRETARY:

Mr. H Glynn

REGISTERED OFFICE:

Unit 6 Neasden Goods Yard

Neasden Lane

London

NW10 2UG

REGISTERED NUMBER:

04287429 (England and Wales)

SENIOR STATUTORY AUDITOR:

Mohammad Ahmedani FCA

AUDITORS:

First Assurance Services Limited

Chartered Accountant and Statutory Auditors

46 Wycliffe Road London SW11 5QR

The directors present their strategic report for the year ended 30 September 2025.

PRINCIPAL ACTIVITIES

The principal activities of the company during the year were that of waste management operations ranging from trade waste, skip hire, haulage, recycling facilities and waste transfer facilities.

BUSINESS REVIEW

The directors have reviewed the company's performance with reference to relevant financial performance indicators and consider it to be good. The directors have also reviewed the risks faced by the company to enable them to develop strategies that will allow the company to continue to develop its business along similar lines in the future.

KEY PERFORMANCE INDICATORS

2025

2024

Gross profit

33.95%

34.40%

Current ratio

7.93

7.24

The company remains able to cover its liabilities as they fall due.

Sales remained relatively consistent at £16.21 million, compared to £16.41 million in 2024. Gross profit margins experienced a modest decline.

PRINCIPAL RISKS AND UNCERTAINTIES

The Directors are aware of the need to review all aspects of risk which are likely to affect the financial stability of the Company, whether it be from either the sales or the cost side of the business. On an annual basis the Directors carry out a detailed internal risk assessment analysis on all aspects of the business.

The key risks that may prevent the Company from achieving its objectives are:

Changes to standards or regulatory compliance requirements which could have an adverse impact on the Company's operations and results.

Potential violation of Health and Safety laws and regulations which could have a material adverse effect on business.

The technologies employed fail to deliver expected performance of end product for the markets in which the Company operates.

The Company is exposed to a number of macroeconomic and geopolitical risks, including the impact of global inflationary pressures, rising interest rates and supply chain disruption. Any sustained economic downturn leading to reduced consumer and business activity, or a contraction in volumes of waste and recyclable materials, would adversely impact the Company's revenues and operational performance.

Extended interruption in the services of a senior management or staff, or if the Company encountered labour shortages could have an adverse effect on business operations.

In mitigation of the above risks, the Company continues to make significant investment in new technologies and regularly reviews its service offerings to ensure they are fully compliant and meet the needs of its customers. The Company engages with Government and regulators on a range of strategic topics and consultations. Safety team to improve governance.

FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES

The company's operations expose it to a variety of financial risks that include credit risk, liquidity risk and currency risk.

CREDIT RISK

The Company closely monitors credit risk as part of its financial risk management strategy. It considers that its current policies, including conducting credit checks and applying appropriate credit limits to all new customers, are effective in meeting its objectives for managing exposure to credit risk

LIQUIDITY RISK

The company closely monitors its access to bank and other credit facilities in comparison to its outstanding commitments to ensure it has sufficient funds to meet its obligations as they fall due. The company finance function produces regular forecasts which estimates the cash inflows and outflows, month by month, so that management can ensure that sufficient financing is in place as it is required.

CURRENCY RISK

The Company have no material exposure to currency arrangements.

EMPLOYEES

The Company regularly reviews its employment practices to ensure they promote dignity at work, equal opportunity, and positive working relationships grounded in fairness, equality, and inclusiveness. The health, safety, and wellbeing of employees remain the Company's highest priority.

The Company is committed to the continuous development of its people by investing in the skills, knowledge, and behaviours necessary for individual and organisational success. This includes the provision of statutory and safety-related training, high-quality role-specific development programmes, 'core skills' training, and structured initiatives to build management and leadership capability.

Opportunities for continuous professional development are offered through a range of methods, including e-learning, on-the-job coaching, and project-based assignments, ensuring employees are equipped to thrive in their roles and contribute to the long-term success of the business.

WORKING TOGETHER SAFELY

The promotion and maintenance of a safe working environment remain a fundamental priority for the company. The Board places the highest importance on health and safety, considering it to be of equal, if not greater, significance than any other aspect of business management.

The Board is fully committed to ensuring the highest standards of health, safety, and welfare are maintained across all company sites, premises, and activities. This commitment is embedded within the company's operational practices and reflects a proactive approach to risk management and employee wellbeing.

FUTURE DEVELOPMENTS

The company continues to pursue strategic growth through the acquisition of additional operational sites, with the objective of expanding its market presence and extending its service offering into new geographic areas. The directors remain committed to disciplined capital deployment and will evaluate opportunities on the basis of long-term operational fit and financial return.The Bank of England has projected underlying GDP growth to remain broadly subdued over the near-term forecast period. Notwithstanding this macroeconomic backdrop, the directors do not anticipate any material adverse impact on the company's trading performance. Demand for the company's services has continued to demonstrate resilience, underpinned by the essential nature of the services provided and their relative insulation from short-term fluctuations in consumer and business confidence.The directors will continue to monitor the economic environment closely and take appropriate measures to safeguard the company's financial position and support its ongoing growth strategy.

ON BEHALF OF THE BOARD:

H Glynn - Director

29 June 2026

The directors present their report with the financial statements of the company for the year ended 30 September 2025.

DIVIDENDS

There Interim dividends paid during the year £420,000 (2024: Nil).

FUTURE DEVELOPMENTS

An indication of likely future developments is included in the strategic report.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 October 2024 to the date of this report.

Mrs. P Glynn

H Glynn

FINANCIAL INSTRUMENTS

An indication of financial instrument risk is included in the strategic report.

CHARITABLE DONATIONS

Charitable donations during the year amounted to £17,822 (2024: £20,665).

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Strategic Report, the Report of the Directors 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 United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). 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 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 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.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, First Assurance Services Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

H Glynn - Director

29 June 2026

Opinion

We have audited the financial statements of X-bert Haulage Limited (the 'company') for the year ended 30 September 2025 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, 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 UK, including the FRC'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 directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

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.

In connection with our audit of the financial statements, 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 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.

Opinions 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 Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic Report and the Report of the Directors 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 Report of the Directors.

We have nothing to report in respect of the following matters where 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 Statement of Directors' Responsibilities set out on page five, 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 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.

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 a Report of the Auditors 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.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

We consider that the engagement team collectively had the appropriate competence and capabilities to identify or recognize non-compliance with laws and regulations. The audit team identified particular areas that were susceptible to misstatement as part of their fraud discussion which included revenue recognition and related party transactions.

Audit procedures undertaken in response to the potential risks relating to irregularities (which include fraud and non-compliance with laws and regulations) comprised of: inquiries of management and those charged with governance as to whether the entity complies with such laws and regulations; enquiries with the same concerning any actual or potential litigation or claims; inspection of relevant legal correspondence; review of board minutes; testing the appropriateness of journal entries and the performance of analytical review to identify unexpected movements in account balances which may be indicative of fraud. No instances of material non-compliance were identified. However, the likelihood of detecting irregularities, including fraud, is limited by the inherent difficulty in detecting irregularities, the effectiveness of the entity's controls, and the nature, timing and extent of the audit procedures performed. Irregularities that result from fraud might be inherently more difficult to detect than irregularities that result from error. As explained above, there is an unavoidable risk that material misstatements may not be detected, even though the audit has been planned and performed in accordance with ISAs (UK).We obtained an understanding of the legal and regulatory framework applicable to the company and how management ensures compliance with that framework.

The specific laws and regulations considered included, but were not limited to, the Companies Act 2006, UK tax legislation, employment legislation, health and safety regulations, environmental legislation and waste management regulations, road transport and operator licensing requirements, and regulations issued by the Environment Agency and the Traffic Commissioner.

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 Report of the Auditors.

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 a Report of the Auditors 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.

Mohammad Ahmedani FCA (Senior Statutory Auditor)

for and on behalf of First Assurance Services Limited

Chartered Accountant and Statutory Auditors

46 Wycliffe Road London SW11 5QR

29 June 2026

TURNOVER

3

16,217,857

16,411,532

Cost of sales

(10,712,012

)

(10,765,271

)

GROSS PROFIT

5,505,845

5,646,261

Administrative expenses

(5,088,295

)

(4,686,568

)

417,550

959,693

Other operating income

118,217

36,000

OPERATING PROFIT

5

535,767

995,693

Interest receivable and similar income

73,181

46,399

PROFIT BEFORE TAXATION

608,948

1,042,092

Tax on profit

6

(152,237

)

(264,864

)

PROFIT FOR THE FINANCIAL YEAR

456,711

777,228

PROFIT FOR THE YEAR

456,711

777,228

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

456,711

777,228

FIXED ASSETS

Intangible assets

8

171,875

421,875

Tangible assets

9

3,342,762

3,626,531

3,514,637

4,048,406

CURRENT ASSETS

Debtors

10

2,241,310

2,340,840

Cash at bank

4,353,545

3,687,790

6,594,855

6,028,630

CREDITORS

Amounts falling due within one year

11

831,818

832,816

NET CURRENT ASSETS

5,763,037

5,195,814

TOTAL ASSETS LESS CURRENT LIABILITIES

9,277,674

9,244,220

PROVISIONS FOR LIABILITIES

13

62,214

65,471

NET ASSETS

9,215,460

9,178,749

CAPITAL AND RESERVES

Called up share capital

14

2

2

Retained earnings

15

9,215,458

9,178,747

SHAREHOLDERS' FUNDS

9,215,460

9,178,749

The financial statements were approved by the Board of Directors and authorised for issue on 29 June 2026 and were signed on its behalf by:

H Glynn - Director

Mrs. P Glynn - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 October 2023

2

8,401,519

8,401,521

Changes in equity

Total comprehensive income

-

777,228

777,228

Balance at 30 September 2024

2

9,178,747

9,178,749

Changes in equity

Dividends

-

(420,000

)

(420,000

)

Total comprehensive income

-

456,711

456,711

Balance at 30 September 2025

2

9,215,458

9,215,460

Cash flows from operating activities

Cash generated from operations

1

2,105,842

2,118,845

Tax paid

(342,479

)

-

Net cash from operating activities

1,763,363

2,118,845

Cash flows from investing activities

Purchase of tangible fixed assets

(867,908

)

(1,475,326

)

Sale of tangible fixed assets

117,119

-

Interest received

73,181

46,399

Net cash from investing activities

(677,608

)

(1,428,927

)

Cash flows from financing activities

Equity dividends paid

(420,000

)

-

Net cash from financing activities

(420,000

)

-

Increase in cash and cash equivalents

665,755

689,918

Cash and cash equivalents at beginning of year

2

3,687,790

2,997,872

Cash and cash equivalents at end of year

2

4,353,545

3,687,790

1.	RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

30.9.25

30.9.24

£

£

Profit before taxation

608,948

1,042,092

Depreciation charges

1,366,775

1,349,774

Profit on disposal of fixed assets

(82,217

)

-

Finance income

(73,181

)

(46,399

)

1,820,325

2,345,467

Decrease in trade and other debtors

286,515

45,945

Decrease in trade and other creditors

(998

)

(272,567

)

Cash generated from operations

2,105,842

2,118,845

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 30 September 2025

30.9.25

1.10.24

£

£

Cash and cash equivalents

4,353,545

3,687,790

Year ended 30 September 2024

30.9.24

1.10.23

£

£

Cash and cash equivalents

3,687,790

2,997,872

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.10.24

Cash flow

At 30.9.25

£

£

£

Net cash

Cash at bank

3,687,790

665,755

4,353,545

3,687,790

665,755

4,353,545

Total

3,687,790

665,755

4,353,545

1.	STATUTORY INFORMATION

X-bert Haulage Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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 measured reliably. Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value-added tax and other sales taxes.

Rendering of services

Revenue is recognised when control of the services has been transferred to the customer and the company has satisfied its performance obligations.Revenue from skip hire services is recognised over the period that the skip is provided to the customer, as the service is performed. Revenue is therefore recognised over the hire period as the customer receives and consumes the benefit of the service.Revenue from waste transfer and disposal services is recognised at the point the waste is received and accepted at the company's facility and the service of receiving and processing the waste has been performed. Charges are typically determined based on the weight of the waste received. Revenue from bulk waste transport services is recognised when the transportation service has been completed and delivery has occurred, as this represents the point at which the performance obligation has been satisfied.

Cash and Cash Equivalents

Cash and cash equivalents comprise cash in hand, demand deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of changes in value.

Cash equivalents are held for the purpose of meeting short-term cash commitments rather than for investment or other purposes, and have a maturity of three months or less from the date of acquisition.

Bank overdrafts are presented within borrowings in current liabilities on the balance sheet. Where a right of offset exists under a notional pooling arrangement and the Group intends to settle on a net basis, bank overdrafts are offset against cash and cash equivalents in the balance sheet.

Critical Accounting Judgements and Key Sources of Estimation Uncertainty

The preparation of the Company's financial statements requires management to make judgements, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets and liabilities, income and expenses.

Judgements, estimates and associated assumptions are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Actual results may differ from these estimates

The key areas involving significant judgement and estimation uncertainty are as follows:

Useful lives and residual values of property, plant and equipment. Estimates are applied in determining the useful lives and residual values of property, plant and equipment. These estimates directly affect the depreciation charges recognised in the statement of comprehensive income. Useful lives and residual values are reviewed periodically and adjusted where expectations differ from previous estimates.

Intangible assets - Judgement is applied in determining whether costs qualify for recognition as intangible assets and in estimating their useful economic lives. Intangible assets are amortised over their expected useful lives and these estimates are reviewed periodically. Where the carrying amount of an intangible asset exceeds its recoverable amount, an impairment loss is recognised. The assessment of recoverable amounts requires estimation and may be affected by future trading conditions.

Deferred tax - Deferred tax is recognised in respect of timing differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes. The recognition and measurement of deferred tax require judgement in assessing the likelihood that future taxable profits will be available against which deductible timing differences can be utilised, and in estimating the amounts and timing of future tax consequences based on tax rates and legislation enacted or substantively enacted at the reporting date.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of the business is being amortised over its useful life of four years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Short leasehold

-

Straight line over 4 years

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss.

All other such investments are subsequently measured at cost less impairment. All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Leasing and hire purchase contracts

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.Assets, obtained under hire purchase contracts and finance leases, are capitalised as tangible fixed assets.

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 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.

3.

TURNOVER

The turnover and profit before taxation are attributable to the principal activities of the company.

An analysis of turnover by class of business is given below:

30.9.25

30.9.24

£

£

Tipping

8,739,132

8,890,372

Skip hire

7,478,725

7,521,160

16,217,857

16,411,532

An analysis of turnover by geographical market is given below:

30.9.25

30.9.24

£

£

United Kingdom

16,217,857

16,411,532

16,217,857

16,411,532

The turnover and profit before taxation are attributable to the principal activity of the company, waste management operations.

4.	EMPLOYEES AND DIRECTORS

30.9.25

30.9.24

£

£

Wages and salaries

4,257,658

4,658,543

Social security costs

570,441

534,162

Other pension costs

157,171

104,810

4,985,270

5,297,515

The average number of employees during the year was as follows:

30.9.25

30.9.24

Administration and sales

6

7

Operational Staff

96

98

102

105

30.9.25

30.9.24

£

£

Directors' remuneration

618,320

625,400

Information regarding the highest paid director is as follows:

30.9.25

30.9.24

£

£

Emoluments etc

309,160

312,700

There are no directors to whom pension benefits are accruing.

5.	OPERATING PROFIT

The operating profit is stated after charging/(crediting):

30.9.25

30.9.24

£

£

Depreciation - owned assets

1,116,775

1,209,149

Profit on disposal of fixed assets

(82,217

)

-

Goodwill amortisation

250,000

140,625

Auditors' remuneration

6,000

6,000

6.

TAXATION

Analysis of the tax charge

The tax charge on the profit for the year was as follows:

30.9.25

30.9.24

£

£

Current tax:

UK corporation tax

155,494

213,137

Deferred tax

(3,257

)

51,727

Tax on profit

152,237

264,864

Reconciliation of total tax charge included in profit and loss

The tax assessed for the year is the same as the standard rate of corporation tax in the UK.

30.9.25

30.9.24

£

£

Profit before tax

608,948

1,042,092

Profit multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%)

152,237

260,523

Effects of:

Expenses not deductible for tax purposes

279,194

302,288

Income not taxable for tax purposes

(38,850

)

(11,600

)

Capital allowances in excess of depreciation

(275,937

)

(349,674

)

Unrecognised deferred tax

(3,257

)

51,727

Non-trading loan relationships

38,850

11,600

Total tax charge

152,237

264,864