REGISTERED NUMBER: 03377329 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 January 2026

for

Pellows Waste Disposal Services Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs L M R Martin

J P Martin

A J Martin

A J Martin

SECRETARY:

Mrs L M R Martin

REGISTERED OFFICE:

Carnon Valley Garage

Carnon Valley

Carnon Downs

TRURO

Cornwall

TR3 6LG

REGISTERED NUMBER:

03377329 (England and Wales)

ACCOUNTANTS:

Colin Truscott Accountancy Limited

9 Heron Close

Tresillian

Cornwall

TR2 4BH

FIXED ASSETS

Intangible assets

4

12,500

15,000

Tangible assets

5

4,111,235

3,575,177

4,123,735

3,590,177

CURRENT ASSETS

Stocks

160,000

174,000

Debtors

6

922,580

893,049

Cash at bank and in hand

93,604

137,238

1,176,184

1,204,287

CREDITORS

Amounts falling due within one year

7

1,892,658

1,662,349

NET CURRENT LIABILITIES

(716,474

)

(458,062

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,407,261

3,132,115

CREDITORS

Amounts falling due after more than one year

8

(1,598,637

)

(1,486,127

)

PROVISIONS FOR LIABILITIES

(509,634

)

(466,962

)

NET ASSETS

1,298,990

1,179,026

CAPITAL AND RESERVES

Called up share capital

300

300

Retained earnings

1,298,690

1,178,726

1,298,990

1,179,026

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 16 July 2026 and were signed on its behalf by:

Mrs L M R Martin - Director

1.	STATUTORY INFORMATION

Pellows Waste Disposal Services Ltd 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.

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be readily measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates Value Added Tax and other sales taxes.

Revenue from a contract to provide services is recognised in the period 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 they 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 1999, is being amortised evenly over its estimated useful life of twenty 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 etc

-

15% on reducing balance and 10% on cost

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 38 (2025 - 37 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2025

and 31 January 2026

235,000

AMORTISATION

At 1 February 2025

220,000

Charge for year

2,500

At 31 January 2026

222,500

NET BOOK VALUE

At 31 January 2026

12,500

At 31 January 2025

15,000

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 February 2025

899,223

4,786,868

5,686,091

Additions

149,210

957,039

1,106,249

Disposals

-

(172,339

)

(172,339

)

At 31 January 2026

1,048,433

5,571,568

6,620,001

DEPRECIATION

At 1 February 2025

46,966

2,063,948

2,110,914

Charge for year

14,440

476,237

490,677

Eliminated on disposal

-

(92,825

)

(92,825

)

At 31 January 2026

61,406

2,447,360

2,508,766

NET BOOK VALUE

At 31 January 2026

987,027

3,124,208

4,111,235

At 31 January 2025

852,257

2,722,920

3,575,177

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

Plant and

machinery

etc

£

COST

At 1 February 2025

2,080,933

Additions

675,714

Transfer to ownership

(358,489

)

At 31 January 2026

2,398,158

DEPRECIATION

At 1 February 2025

641,999

Charge for year

236,359

Transfer to ownership

(143,933

)

At 31 January 2026

734,425

NET BOOK VALUE

At 31 January 2026

1,663,733

At 31 January 2025

1,438,934

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

849,066

655,435

Other debtors

73,514

237,614

922,580

893,049

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

514,323

518,095

Hire purchase contracts

458,547

365,508

Trade creditors

752,238

681,407

Taxation and social security

94,661

29,112

Other creditors

72,889

68,227

1,892,658

1,662,349

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

288,914

316,441

Hire purchase contracts

801,690

681,135

Other creditors

508,033

488,551

1,598,637

1,486,127

9.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank overdrafts

25,775

20,456

Bank loans

777,462

814,080

803,237

834,536

There are Fixed and Floating Charges held by HSBC UK Bank PLC and HSBC Invoice Finance (UK) Ltd on freehold property and the undertaking of the company.

10.	CONTINGENT LIABILITIES

Cornwall Council has provided Grant Funding in the sum of £517,747 for the development of Sewerage Treatment Works. The grant monies are secured on fixed assets used in the construction of the works. The security period ends on 31 March 2030.