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Tawmix Recycling Limited
Unaudited Financial Statements
For The Year Ended 31 October 2025
Freestone & Co
Chartered Accountants
1 The Centre
High Street
Gillingham
Dorset
SP8 4AB
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 08722780
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 900,647 983,155
900,647 983,155
CURRENT ASSETS
Stocks 5 449,171 715,477
Debtors 6 977,885 819,862
Cash at bank and in hand 100,353 5,298
1,527,409 1,540,637
Creditors: Amounts Falling Due Within One Year 7 (1,310,223 ) (1,228,516 )
NET CURRENT ASSETS (LIABILITIES) 217,186 312,121
TOTAL ASSETS LESS CURRENT LIABILITIES 1,117,833 1,295,276
Creditors: Amounts Falling Due After More Than One Year 8 (176,552 ) (293,091 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (120,882 ) (161,060 )
NET ASSETS 820,399 841,125
CAPITAL AND RESERVES
Called up share capital 10 220,100 220,100
Profit and Loss Account 600,299 621,025
SHAREHOLDERS' FUNDS 820,399 841,125
Page 1
Page 2
For the year ending 31 October 2025 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Richard Beer
Director
30 July 2026
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Tawmix Recycling Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08722780 . The registered office is One The Centre, High Street, Gillingham, Dorset, SP8 4AB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold Over expected life of lease - 10 years
Plant & Machinery 25% reducing balance
Computer Equipment 33% straight line
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2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. 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 the 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.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 15 (2024: 19)
15 19
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Computer Equipment Total
£ £ £ £
Cost
As at 1 November 2024 245,758 1,993,203 20,346 2,259,307
Additions 94,707 223,851 1,640 320,198
Disposals (9,480 ) (230,950 ) - (240,430 )
As at 31 October 2025 330,985 1,986,104 21,986 2,339,075
Depreciation
As at 1 November 2024 177,338 1,079,758 19,056 1,276,152
Provided during the period 33,688 259,224 1,400 294,312
Disposals (1,486 ) (130,550 ) - (132,036 )
As at 31 October 2025 209,540 1,208,432 20,456 1,438,428
Net Book Value
As at 31 October 2025 121,445 777,672 1,530 900,647
As at 1 November 2024 68,420 913,445 1,290 983,155
5. Stocks
2025 2024
£ £
Stock 22,693 22,693
Work in progress 426,478 692,784
449,171 715,477
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 653,843 635,122
Other debtors 324,042 184,740
977,885 819,862
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Page 6
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 276,066 272,503
Trade creditors 634,495 601,412
Bank loans and overdrafts 43,174 70,929
Other creditors 316,989 267,210
Taxation and social security 39,499 16,462
1,310,223 1,228,516
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 176,552 293,091
9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 276,066 272,503
Later than one year and not later than five years 176,552 293,091
452,618 565,594
452,618 565,594
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 220,100 220,100
11. Related Party Transactions
During the year the company rented premises from the director Mr J Tolley for £56,000 + VAT (2024 - £43,750 + VAT).
During the year the company hired plant and machinery for £36,000 + VAT (2024 - £60,000 + VAT), purchased goods and materials for £24,879 + VAT (2024 - £83,692 + VAT) and purchased plant and machinery for £171,250 (2024 - £105,000) from WHT Lettings; an unincorporated business controlled by Mr J Tolley.
Also during the year the company sold a property for £500,000 to Tolley Properties Limited, a company controlled by Mr J Tolley as a wholly owned subsidiary of Tawmix Recycling Limited.
...CONTINUED
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11. Related Party Transactions - continued
At the year end Tolley Properties Limited owed the company £484,000 (2024 - £Nil).
All of the above transactions were at arms length and on normal commercial terms.   
Included within current liabilities at the year end is a balance owing to WHT Lettings of £242,255 (2024 - £21,130). 
In addition, during the year the company operated loan account with the director Mr J Tolley to assist with its trade and operations.
At the year end the company owed Mr J Tolley £185,459 (2024 - 182,063).
The loan is interest-free and repayable on demand.
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