REGISTERED NUMBER: 03426356 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 August 2025

for

Graham's Recycling Services Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

W N Graham

G A Graham

J R Graham

M J Graham

SECRETARY:

W N Graham

REGISTERED OFFICE:

21 Gold Tops

Newport

South Wales

NP20 4PG

REGISTERED NUMBER:

03426356 (England and Wales)

ACCOUNTANTS:

Guilfoyle Sage LLP

21 Gold Tops

Newport

South Wales

NP20 4PG

FIXED ASSETS

Tangible assets

5

565,199

670,197

CURRENT ASSETS

Stocks

6

15,520

16,520

Debtors

7

175,060

382,057

Cash at bank and in hand

29,762

216,060

220,342

614,637

CREDITORS

Amounts falling due within one year

8

476,637

724,390

NET CURRENT LIABILITIES

(256,295

)

(109,753

)

TOTAL ASSETS LESS CURRENT LIABILITIES

308,904

560,444

CREDITORS

Amounts falling due after more than one year

9

88,957

79,932

PROVISIONS FOR LIABILITIES

(126,576

)

(166,623

)

NET ASSETS

271,285

473,753

CAPITAL AND RESERVES

Called up share capital

11

100

100

Retained earnings

271,185

473,653

SHAREHOLDERS' FUNDS

271,285

473,753

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 August 2026 and were signed on its behalf by:

W N Graham - Director

J R Graham - Director

G A Graham - Director

1.	STATUTORY INFORMATION

Graham's Recycling Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax, where turnover is recognised when the company obtains the right to consideration.

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

-

25% on cost and 20% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2024 - 16 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 September 2024

61,171

1,834,191

1,895,362

Additions

-

109,370

109,370

At 31 August 2025

61,171

1,943,561

2,004,732

DEPRECIATION

At 1 September 2024

-

1,225,165

1,225,165

Charge for year

-

214,368

214,368

At 31 August 2025

-

1,439,533

1,439,533

NET BOOK VALUE

At 31 August 2025

61,171

504,028

565,199

At 31 August 2024

61,171

609,026

670,197

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

Plant and

machinery

etc

£

COST

At 1 September 2024

537,672

Additions

109,370

At 31 August 2025

647,042

DEPRECIATION

At 1 September 2024

255,908

Charge for year

99,106

At 31 August 2025

355,014

NET BOOK VALUE

At 31 August 2025

292,028

At 31 August 2024

281,764

6.

STOCKS

31.8.25

31.8.24

£

£

Work-in-progress

15,520

16,520

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Trade debtors

131,537

154,306

Amounts owed by group undertakings

39,498

8,478

Other debtors

4,025

219,273

175,060

382,057

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Hire purchase contracts and finance leases

94,404

83,237

Trade creditors

5,730

22,649

Amounts owed to group undertakings

74,292

140,426

Taxation and social security

179,576

196,574

Other creditors

122,635

281,504

476,637

724,390

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.25

31.8.24

£

£

Hire purchase contracts and finance leases

122,081

131,106

Other creditors

(211,038

)

(211,038

)

(88,957

)

(79,932

)

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.8.25

31.8.24

£

£

Hire purchase contracts and finance leases

216,485

214,343

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.25

31.8.24

value:

£

£

100

Ordinary

£1

100

100

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During 2022 the company made a loan of £211,038 to a director. The full balance of the loan remains outstanding at 31 August 2025. The loan is repayable in installments and interest will be charged at a rate of 0.5% above bank base rate.

13.	RELATED PARTY DISCLOSURES

During the year the company made recharges of £28,292 (2024 - £143,426) for goods and services purchased, and charged admin costs of £127,585, to Graham Metal Solutions Ltd (2024 - £190,951 charged by Graham Metal Solutions Ltd). Graham Metal Solutions Ltd is a company under common ownership, .

Included in creditors is a balance of £74,292 due from Graham Metal Solutions Limited (2024: £140,425 due to Graham Metal Solutions Limited).

At the year end a balance of £39,478 was due to the company from its parent company Graham's Recycling Group Limited (2024: £8,478).

Related party balances are deemed to be interest free and repayable on demand.