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Company Registration No. 12465786 (England and Wales)
Ferrous Waste Management Ltd Unaudited accounts for the year ended 5 April 2026
Ferrous Waste Management Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Ferrous Waste Management Ltd Company Information for the year ended 5 April 2026
Director
Jonathan Verney
Company Number
12465786 (England and Wales)
Registered Office
259 Main Road Emsworth Hampshire PO10 8JD England
Accountants
Townley & Co Limited Warrington Business Centre 67 Bewsey Street Warrington WA2 7JQ
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Ferrous Waste Management Ltd Statement of financial position as at 5 April 2026
2026
2025
Notes
£
£
Fixed assets
Tangible assets
4
75,051
86,641
Current assets
Cash at bank and in hand
40,587
8,952
Creditors: amounts falling due within one year
5
(38,036)
(18,856)
Net current assets/(liabilities)
2,551
(9,904)
Net assets
77,602
76,737
Capital and reserves
Called up share capital
100
100
Profit and loss account
77,502
76,637
Shareholders' funds
77,602
76,737
For the year ending 5 April 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 July 2026 and were signed on its behalf by
Jonathan Verney Director Company Registration No. 12465786
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Ferrous Waste Management Ltd Notes to the Accounts for the year ended 5 April 2026
1
Statutory information
Ferrous Waste Management Ltd is a private company, limited by shares, registered in England and Wales, registration number 12465786. The registered office is 259 Main Road, Emsworth, Hampshire, PO10 8JD, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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 from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% Reducing balance basis
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Ferrous Waste Management Ltd Notes to the Accounts for the year ended 5 April 2026
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
£
£
£
Cost or valuation
At cost
At cost
At 6 April 2025
128,829
-
128,829
Additions
3,000
9,775
12,775
At 5 April 2026
131,829
9,775
141,604
Depreciation
At 6 April 2025
42,188
-
42,188
Charge for the year
22,410
1,955
24,365
At 5 April 2026
64,598
1,955
66,553
Net book value
At 5 April 2026
67,231
7,820
75,051
At 5 April 2025
86,641
-
86,641
5
Creditors: amounts falling due within one year
2026
2025
£
£
VAT
1,058
-
Taxes and social security
20,959
17,382
Loans from directors
15,019
474
Accruals
1,000
1,000
38,036
18,856
6
Average number of employees
During the year the average number of employees was 1 (2025: 1).
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