Edgware Waste Paper Recycling Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04698566 (England and Wales)

Financial Statements for the Year Ended 31 March 2026

for

Edgware Waste Paper Recycling Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

9

DIRECTOR:

R Wells

SECRETARY:

Mrs M L Wells

REGISTERED OFFICE:

Building 1

St Cross Chambers

Upper Marsh Lane

Hoddesdon

Hertfordshire

EN11 8LQ

REGISTERED NUMBER:

04698566 (England and Wales)

ACCOUNTANTS:

Reece & Co.

Building 1

St. Cross Chambers

Upper Marsh Lane

Hoddesdon

Hertfordshire

EN11 8LQ

FIXED ASSETS

Intangible assets

4

1

Tangible assets

5

118,960

62,728

118,961

62,729

CURRENT ASSETS

Debtors

6

25,018

23,947

Cash at bank and in hand

111,375

257,661

136,393

281,608

CREDITORS

Amounts falling due within one year

7

59,952

78,244

NET CURRENT ASSETS

76,441

203,364

TOTAL ASSETS LESS CURRENT
LIABILITIES

195,402

266,093

CREDITORS

Amounts falling due after more than one
year

8

(16,938

)

(36,657

)

PROVISIONS FOR LIABILITIES

9

(10,033

)

(11,836

)

NET ASSETS

168,431

217,600

CAPITAL AND RESERVES

Called up share capital

10

135

Retained earnings

11

168,296

217,465

SHAREHOLDERS' FUNDS

168,431

217,600

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 September 2026 and were signed by:

R Wells - Director

1.	STATUTORY INFORMATION

Edgware Waste Paper Recycling 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.	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 represents net invoiced sales of goods, excluding value added tax.

Financial Instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year) including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payable or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

Judgements and key sources of estimation uncertainty

In applying the Company's accounting policies, the directors are required to make judgements, estimates and assumptions in determining the carrying amounts of assets and liabilities. The directors' judgements, estimates and assumptions are based on the best and most reliable evidence available at the time when the decisions are made, and are based on historical experience and other factors that are considered to be applicable. Due to the inherent subjectivity involved in making such judgements, estimates and assumptions, the actual results and outcomes may differ.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision effects only that period, or in the period of the revision and future periods, if the revision effects both current and future periods.

The directors do not believe that there have been judgements (apart from those involving estimates) made in the process of applying the above accounting policies that have had a significant effect on amounts recognised in the financial statements.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, 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

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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.

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 4 (2025 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2025

and 31 March 2026

110,000

AMORTISATION

At 1 April 2025

and 31 March 2026

109,999

NET BOOK VALUE

At 31 March 2026

1

At 31 March 2025

1

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

COST

At 1 April 2025

83,864

34,598

185,775

14,066

318,303

Additions

-

70,000

5,313

75,313

Disposals

-

(12,982

)

(12,982

)

At 31 March 2026

83,864

34,598

255,775

6,397

380,634

DEPRECIATION

At 1 April 2025

74,721

21,034

148,156

11,664

255,575

Charge for year

2,133

3,391

11,043

1,132

17,699

Eliminated on disposal

-

(11,600

)

(11,600

)

At 31 March 2026

76,854

24,425

159,199

1,196

261,674

NET BOOK VALUE

At 31 March 2026

7,010

10,173

96,576

5,201

118,960

At 31 March 2025

9,143

13,564

37,619

2,402

62,728

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

Motor

vehicles

£

COST

At 1 April 2025

and 31 March 2026

77,044

DEPRECIATION

At 1 April 2025

45,231

Charge for year

7,953

At 31 March 2026

53,184

NET BOOK VALUE

At 31 March 2026

23,860

At 31 March 2025

31,813

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

Trade debtors

25,018

23,947

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

Bank loans and overdrafts

6,210

6,434

Hire purchase contracts

13,628

13,428

Tax

53

9,455

Social security and other taxes

2,756

2,556

VAT

12,840

20,058

Creditors and Accruals

13,136

14,571

Directors' current accounts

11,329

11,742

59,952

78,244

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.3.26

31.3.25

£

Bank loans - 2-5 years

16,938

22,589

Hire purchase contracts

-

14,068

16,938

36,657

9.	PROVISIONS FOR LIABILITIES

31.3.26

31.3.25

£

Deferred tax

10,033

11,836

Deferred

tax

£

Balance at 1 April 2025

11,836

Reduction in year

(1,803

)

Balance at 31 March 2026

10,033

Deferred taxation arises from accelerated capital allowances.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.26

31.3.25

value:

£

100

Ordinary 'A'

£1

100

35

Ordinary 'B'

£1

35

135

11.

RESERVES

Retained

earnings

£

At 1 April 2025

217,465

Deficit for the year

(7,169

)

Dividends

(42,000

)

At 31 March 2026

168,296

12.	RELATED PARTY DISCLOSURES

The company is controlled by the director who together with their wife own all the issued share capital.

During the year dividends were voted totalling £42,000.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2026 set out on pages two to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Reece & Co.

Building 1

St. Cross Chambers

Upper Marsh Lane

Hoddesdon

Hertfordshire

EN11 8LQ

10 September 2026