REGISTERED NUMBER: 08917485 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2026

FOR

MAGPIE METAL & WASTE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr K D Gale

Mrs J L Gale

REGISTERED OFFICE:

89 Gloucester Road

Patchway

Bristol

BS34 5JQ

REGISTERED NUMBER:

08917485 (England and Wales)

ACCOUNTANTS:

Keller & Co

367b Church Road

Frampton Cotterell

Bristol

BS36 2AQ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

186,823

160,348

186,823

160,348

CURRENT ASSETS

Stocks

119,814

76,927

Debtors

6

269,736

230,276

Cash at bank

137,319

39,440

526,869

346,643

CREDITORS

Amounts falling due within one year

7

(438,940

)

(346,805

)

NET CURRENT ASSETS/(LIABILITIES)

87,929

(162

)

TOTAL ASSETS LESS CURRENT LIABILITIES

274,752

160,186

CREDITORS

Amounts falling due after more than one year

8

(104,987

)

(73,545

)

PROVISIONS FOR LIABILITIES

(27,576

)

(30,466

)

NET ASSETS

142,189

56,175

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

11

142,089

56,075

SHAREHOLDERS' FUNDS

142,189

56,175

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 July 2026 and were signed on its behalf by:

Mr K D Gale - Director

1.	STATUTORY INFORMATION

Magpie Metal & Waste 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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of five 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 each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

Straight line over 3 years

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2025 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 March 2025

and 28 February 2026

10,000

AMORTISATION

At 1 March 2025

and 28 February 2026

10,000

NET BOOK VALUE

At 28 February 2026

-

At 28 February 2025

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Long

Plant and

and

leasehold

machinery

fittings

£

£

£

COST

At 1 March 2025

-

330,482

13,558

Additions

54,514

40,000

-

Disposals

-

(43,000

)

-

At 28 February 2026

54,514

327,482

13,558

DEPRECIATION

At 1 March 2025

-

207,056

7,417

Charge for year

12,827

38,942

921

Eliminated on disposal

-

(35,347

)

-

At 28 February 2026

12,827

210,651

8,338

NET BOOK VALUE

At 28 February 2026

41,687

116,831

5,220

At 28 February 2025

-

123,426

6,141

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 March 2025

139,704

917

484,661

Additions

-

-

94,514

Disposals

-

-

(43,000

)

At 28 February 2026

139,704

917

536,175

DEPRECIATION

At 1 March 2025

108,923

917

324,313

Charge for year

7,696

-

60,386

Eliminated on disposal

-

-

(35,347

)

At 28 February 2026

116,619

917

349,352

NET BOOK VALUE

At 28 February 2026

23,085

-

186,823

At 28 February 2025

30,781

-

160,348

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 March 2025

221,000

85,204

306,204

Additions

40,000

-

40,000

Disposals

(43,000

)

-

(43,000

)

At 28 February 2026

218,000

85,204

303,204

DEPRECIATION

At 1 March 2025

112,147

59,316

171,463

Charge for year

35,300

6,472

41,772

Eliminated on disposal

(35,347

)

-

(35,347

)

At 28 February 2026

112,100

65,788

177,888

NET BOOK VALUE

At 28 February 2026

105,900

19,416

125,316

At 28 February 2025

108,853

25,888

134,741

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

264,251

153,835

Other debtors

5,485

76,441

269,736

230,276

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

2,500

10,000

Hire purchase contracts and finance leases (see note 9)

37,586

31,289

Trade creditors

46,575

22,405

Taxation and social security

124,895

62,709

Other creditors

227,384

220,402

438,940

346,805

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

-

2,500

Hire purchase contracts and finance leases (see note 9)

104,987

71,045

104,987

73,545

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts

Finance leases

2026

2025

2026

2025

£

£

£

£

Net obligations repayable:

Within one year

25,475

31,289

12,111

-

Between one and five years

72,911

71,045

32,076

-

98,386

102,334

44,187

-

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

99

Ordinary A

£1

99

100

1

Ordinary B

£1

1

-

100

100

11.

RESERVES

Retained

earnings

£

At 1 March 2025

56,075

Profit for the year

126,014

Dividends

(40,000

)

At 28 February 2026

142,089

12.	OTHER FINANCIAL COMMITMENTS

The company had total commitments at the balance sheet date of £64,720.