REGISTERED NUMBER: 01602629 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2026

for

Mayglothling Waste Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Director:

J C G Mayglothling

Registered office:

Yaidon Farm

Penrhos Hill

Kington

Herefordshire

HR5 3LH

Registered number:

01602629 (England and Wales)

Accountants:

Acre Accountancy Limited

Unit 2

Foley Works

Foley Trading Estate

Hereford

Herefordshire

HR1 2SF

FIXED ASSETS

Intangible assets

5

12,833

54,833

Tangible assets

6

1,729,332

1,641,397

Investments

7

200,002

200,002

1,942,167

1,896,232

CURRENT ASSETS

Stocks

102,475

76,595

Debtors

8

1,624,817

1,373,496

Cash at bank and in hand

1,284,740

1,108,725

3,012,032

2,558,816

CREDITORS

Amounts falling due within one year

9

(1,491,434

)

(1,231,432

)

NET CURRENT ASSETS

1,520,598

1,327,384

TOTAL ASSETS LESS CURRENT LIABILITIES

3,462,765

3,223,616

CREDITORS

Amounts falling due after more than one year

10

(551,216

)

(564,107

)

PROVISIONS FOR LIABILITIES

12

(423,000

)

(396,000

)

NET ASSETS

2,488,549

2,263,509

CAPITAL AND RESERVES

Called up share capital

13

100

100

Other reserves

47,426

47,426

Retained earnings

2,441,023

2,215,983

SHAREHOLDERS' FUNDS

2,488,549

2,263,509

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 October 2026 and were signed by:

J C G Mayglothling - Director

1.	STATUTORY INFORMATION

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

Income from long-term contracts is recognised in accordance with the stage of completion. Where the right to income arises only on completion, turnover is recognised at that point.

Goodwill

Goodwill arising on the acquisition of businesses in 2016, 2019 and 2021 are being amortised over their estimated useful life of five years.

Intangible asset - computer software

The company has invested in developing bespoke computer software. After initial recognition, intangible assets are measured at cost, less any accumulated amortisation and any accumulated impairment losses.

Amortisation commences when the software is brought into use. The policy is to amortise over the expected useful life, currently estimated at five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

Plant and machinery

-

20% on cost and 10% on cost

Fixtures and fittings

-

33% on cost

Motor vehicles

-

20% on cost and 10% on cost

Computer equipment

-

15% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

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

Financial instruments

Financial instruments are classified and accounted for according to the substance of the contractual arrangement. They are classified as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 75 (2025 - 75 ) .

5.	INTANGIBLE FIXED ASSETS

Computer

Goodwill

software

Totals

£

£

£

Cost

At 1 April 2025

and 31 March 2026

356,500

53,828

410,328

Amortisation

At 1 April 2025

301,667

53,828

355,495

Amortisation for year

42,000

-

42,000

At 31 March 2026

343,667

53,828

397,495

Net book value

At 31 March 2026

12,833

-

12,833

At 31 March 2025

54,833

-

54,833

6.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

Cost

At 1 April 2025

240,651

683,065

85,317

Additions

-

35,478

-

Disposals

-

(96,130

)

-

At 31 March 2026

240,651

622,413

85,317

Depreciation

At 1 April 2025

194,371

579,723

66,725

Charge for year

3,261

40,542

13,079

Eliminated on disposal

-

(96,130

)

-

At 31 March 2026

197,632

524,135

79,804

Net book value

At 31 March 2026

43,019

98,278

5,513

At 31 March 2025

46,280

103,342

18,592

Motor

Computer

vehicles

equipment

Totals

£

£

£

Cost

At 1 April 2025

4,083,056

86,057

5,178,146

Additions

642,537

8,225

686,240

Disposals

(598,499

)

-

(694,629

)

At 31 March 2026

4,127,094

94,282

5,169,757

Depreciation

At 1 April 2025

2,622,919

73,011

3,536,749

Charge for year

506,564

6,951

570,397

Eliminated on disposal

(570,591

)

-

(666,721

)

At 31 March 2026

2,558,892

79,962

3,440,425

Net book value

At 31 March 2026

1,568,202

14,320

1,729,332

At 31 March 2025

1,460,137

13,046

1,641,397

7.	FIXED ASSET INVESTMENTS

2026

2025

£

£

Shares in group undertakings

2

2

Other loans

200,000

200,000

200,002

200,002

Additional information is as follows:

Shares in

group

undertakings

£

Cost

At 1 April 2025

and 31 March 2026

2

Net book value

At 31 March 2026

2

At 31 March 2025

2

Other

loans

£

At 1 April 2025

and 31 March 2026

200,000

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

1,495,147

1,329,617

Other debtors

129,670

43,879

1,624,817

1,373,496

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Hire purchase contracts

335,336

286,532

Trade creditors

707,612

617,251

Taxation and social security

296,513

199,989

Other creditors

151,973

127,660

1,491,434

1,231,432

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Hire purchase contracts

551,216

564,107

11.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Hire purchase contracts

886,552

850,639

Hire purchase contracts are secured on the asset to which they relate.

Barclays Bank PLC holds a debenture including fixed and floating charge dated 22 October 2004.

12.	PROVISIONS FOR LIABILITIES

2026

2025

£

£

Deferred tax

Accelerated capital allowances

423,000

396,000

Deferred

tax

£

Balance at 1 April 2025

396,000

Provided during year

27,000

Balance at 31 March 2026

423,000

13.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value

£

£

51

Ordinary A

£1

51

51

39

Ordinary B

£1

39

39

10

Ordinary C

£1

10

10

100

100