Stowmarket Skips Ltd - Limited company accounts 25.1

REGISTERED NUMBER: 12531436 (England and Wales)

Report of the Directors and

Financial Statements for the Year Ended 30 April 2026

for

Stowmarket Skips Ltd

Page

Company Information

1

Report of the Directors

2

Report of the Independent Auditors

3

Statement of Profit or Loss and Other Comprehensive

Income

7

Statement of Financial Position

8

Statement of Changes in Equity

10

Statement of Cash Flows

11

Notes to the Statement of Cash Flows

12

Notes to the Financial Statements

13

DIRECTORS:

M D Darragh

Q R Stewart

M A Stewart

N A Bulkin

SECRETARY:

Ms B Spacie

REGISTERED OFFICE:

Alpha 3 The Buntings

Cedars Park

Stowmarket

Suffolk

IP14 5GZ

REGISTERED NUMBER:

12531436 (England and Wales)

AUDITORS:

Knights Lowe Limited

Eldo House

Kempson Way

Suffolk Business Park

Bury St Edmunds

Suffolk

IP32 7AR

The directors present their report with the financial statements of the company for the year ended 30 April 2026.

DIVIDENDS

No dividends will be distributed for the year ended 30 April 2026.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 May 2025 to the date of this report.

M D Darragh

Q R Stewart

M A Stewart

N A Bulkin

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with UK-adopted international accounting standards. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, Knights Lowe Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

Q R Stewart - Director

24 October 2026

Opinion

We have audited the financial statements of Stowmarket Skips Ltd (the 'company') for the year ended 30 April 2026 which comprise the Statement of Profit or Loss and Other Comprehensive Income, the Statement of Financial Position, the Statement of Changes in Equity, the Statement of Cash Flows and Notes to the Statement of Cash Flows, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and International Financial Reporting Standards (IFRSs) as adopted by the UK.

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 30 April 2026 and of its loss for the year then ended;

-	have been properly prepared in accordance with IFRSs as adopted by the UK; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

As set out in notes 2 & 7 to these financial statements the Directors have chosen not to amortise intangible assets. We have explained in the Emphasis of Matter paragraph below that our opinion is not modified in this respect.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Report of the Directors has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page two, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

- the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;

- we identified the laws and regulations applicable to the company through discussions with the director and other management, and from our commercial knowledge and experience of the companies operating sector;

- we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, taxation legislation, data protection, anti-bribery, employment, environmental and health and safety legislation;

- we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and

- identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.

We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

- making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud;

- considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations;

To address the risk of fraud through management bias and override of controls, we:

- performed analytical procedures to identify any unusual or unexpected relationships;

- tested journal entries to identify unusual transactions;

- assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias;

- investigated the rationale behind significant or unusual transactions;

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

- agreeing financial statement disclosures to underlying supporting documentation;

- reading the minutes of meetings of those charged with governance;

- enquiring of management as to actual and potential litigation and claims;

- reviewing correspondence with HMRC, relevant regulators and the company's legal advisors;

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

James Knights BSc ACA (Senior Statutory Auditor)

for and on behalf of Knights Lowe Limited

Eldo House

Kempson Way

Suffolk Business Park

Bury St Edmunds

Suffolk

IP32 7AR

26 October 2026

CONTINUING OPERATIONS

Revenue

6,234,691

6,173,086

Cost of sales

(5,114,765

)

(3,962,329

)

GROSS PROFIT

1,119,926

2,210,757

Other operating income

49,901

34,575

Administrative expenses

(1,403,732

)

(84,110

)

OPERATING (LOSS)/PROFIT

(233,905

)

2,161,222

Finance costs

4

(232,715

)

(143,305

)

Finance income

4

862

2,809

(LOSS)/PROFIT BEFORE INCOME TAX

5

(465,758

)

2,020,726

Income tax

6

(17,733

)

(205,784

)

(LOSS)/PROFIT FOR THE YEAR

(483,491

)

1,814,942

OTHER COMPREHENSIVE INCOME

-

TOTAL COMPREHENSIVE INCOME FOR THE

YEAR

(483,491

)

1,814,942

ASSETS

NON-CURRENT ASSETS

Goodwill

7

776,193

Owned

Intangible assets

8

204,730

145,784

Property, plant and equipment

9

14,619,611

13,796,920

Right-of-use

Property, plant and equipment

9, 15

2,585,649

2,256,909

Deferred tax

16

402,802

713,264

18,588,985

17,689,070

CURRENT ASSETS

Trade and other receivables

10

582,199

1,012,087

Cash and cash equivalents

11

277,079

142,889

859,278

1,154,976

LIABILITIES

CURRENT LIABILITIES

Trade and other payables

12

11,564,899

11,617,255

Financial liabilities - borrowings

Lease liabilities

14, 15

266,189

231,361

11,831,088

11,848,616

NET CURRENT LIABILITIES

(10,971,810

)

(10,693,640

)

NON-CURRENT LIABILITIES

Trade and other payables

12

70,500

-

Financial liabilities - borrowings

Lease liabilities

14, 15

1,044,498

61,544

Deferred tax

16

2,372,935

2,321,153

3,487,933

2,382,697

NET ASSETS

4,129,242

4,612,733

SHAREHOLDERS' EQUITY

Called up share capital

17

100

Revaluation reserve

18

1,478,875

Retained earnings

18

2,650,267

3,133,758

TOTAL EQUITY

4,129,242

4,612,733

The financial statements were approved by the Board of Directors and authorised for issue on 24 October 2026 and were signed on its behalf by:

Q R Stewart - Director

Called up

share

Retained

Revaluation

Total

capital

earnings

reserve

equity

£

Balance at 1 May 2024

100

1,318,816

1,478,875

2,797,791

Changes in equity

Total comprehensive income

-

1,814,942

-

1,814,942

Balance at 30 April 2025

100

3,133,758

1,478,875

4,612,733

Changes in equity

Total comprehensive income

-

(483,491

)

-

(483,491

)

Balance at 30 April 2026

100

2,650,267

1,478,875

4,129,242

Cash flows from operating activities

Cash generated from operations

1

1,405,249

2,976,281

Interest paid

(232,715

)

(87,711

)

Net cash from operating activities

1,172,534

2,888,570

Cash flows from investing activities

Purchase of intangible fixed assets

(58,946

)

(63,580

)

Purchase of tangible fixed assets

(2,010,598

)

(2,379,622

)

Sale of tangible fixed assets

12,556

1,276

Interest received

862

2,809

Net cash from investing activities

(2,056,126

)

(2,439,117

)

Cash flows from financing activities

New HP/Finance Leases

1,301,500

-

Loan repayments

-

(863,473

)

Lease interest paid

(59,144

)

(51,298

)

Payment of lease liabilities

(224,574

)

(518,370

)

Loans from group

-

844,241

Net cash from financing activities

1,017,782

(588,900

)

Increase/(decrease) in cash and cash equivalents

134,190

(139,447

)

Cash and cash equivalents at beginning of

year

2

142,889

282,336

Cash and cash equivalents at end of year

2

277,079

142,889

1.	RECONCILIATION OF (LOSS)/PROFIT BEFORE INCOME TAX TO CASH GENERATED FROM OPERATIONS

2026

2025

£

(Loss)/profit before income tax

(465,758

)

2,020,726

Depreciation charges

815,756

671,633

Loss on disposal of fixed assets

30,854

-

Finance costs

232,715

143,305

Finance income

(862

)

(2,809

)

612,705

2,832,855

Decrease/(increase) in trade and other receivables

429,888

(334,695

)

Increase in trade and other payables

362,656

478,121

Cash generated from operations

1,405,249

2,976,281

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Statement of Cash Flows in respect of cash and cash equivalents are in respect of these Statement of Financial Position amounts:

Year ended 30 April 2026

30.4.26

1.5.25

£

Cash and cash equivalents

277,079

142,889

Year ended 30 April 2025

30.4.25

1.5.24

£

Cash and cash equivalents

142,889

282,336

1.	STATUTORY INFORMATION

Stowmarket Skips Ltd 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.	ACCOUNTING POLICIES

Basis of preparation

These financial statements have been prepared in accordance with UK-adopted international accounting standards and with those parts of the Companies Act 2006 applicable to companies reporting under IFRS. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Critical accounting judgements and key sources of estimation uncertainty

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant.

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

The following are the critical judgements, including those involving estimations, that the directors have made in the process of applying the company's accounting policies and that have the most significant effect on the amounts recognised in the financial statements.

Depreciation of tangible fixed assets

Tangible fixed assets are recognised at cost and depreciated over the basis appropriate to charge to the profit and loss account the economic consumption of those assets during the accounting period. The charge is calculated as described below and is based on the directors' knowledge of the reduction in the residual value of trading assets on average over the investment cycle of each class of asset. The rates of depreciation are kept under review such that assets are written down to residual value at the end of their economic lives.

Cash and cash equivalents

Cash represents cash in hand and deposits held on demand with financial institutions. Cash equivalents are short-term, highly-liquid investments with original maturities of three months or less (as at their date of acquisition). Cash equivalents are readily convertible to known amounts of cash and subject to an insignificant risk of change in that cash value.

In the presentation of the Statement of Cash Flows, cash and cash equivalents also include bank overdrafts. Any such overdrafts are shown within borrowings under ‘current liabilities’ on the Statement of Financial Position.

Goodwill

Goodwill arising on the acquisition of subsidiaries is measured at cost less accumulated impairment losses.

Subsequent expenditure is capitalised only when it increases the future economic benefits embodied in the

specific asset to which it relates. All other expenditure, including expenditure on internally generated goodwill

and brands, is recognised in profit or loss as incurred.

Values are reviewed for impairment at each reporting date and adjusted if appropriate.

Intangible assets

Other intangible assets are measured at cost less any accumulated impairment losses.

Property, plant and equipment

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.

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.

Land & freehold property - 25 years or expected life of the lease

Plant and machinery - 7 to 20 years straight line

Skips - 10 years straight line

Motor vehicles - 2 - 12 years straight line

Computer & office equipment - 3 to 5 years straight line

Taxation

Current taxes are based on the results shown in the financial statements and are calculated according to local tax rules, using tax rates enacted or substantially enacted by the statement of financial position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Leases

Leases are recognised as finance leases. The lease liability is initially recognised at the present value of the lease payments which have not yet been made and subsequently measured under the amortised cost method. The initial cost of the right-of-use asset comprises the amount of the initial measurement of the lease liability, lease payments made prior to the lease commencement date, initial direct costs and the estimated costs of removing or dismantling the underlying asset per the conditions of the contract.

Where ownership of the right-of-use asset transfers to the lessee at the end of the lease term, the right-of-use asset is depreciated over the asset’s remaining useful life. If ownership of the right-of-use asset does not transfer to the lessee at the end of the lease term, depreciation is charged over the shorter of the useful life of the right-of-use asset and the lease term.

Employee benefit costs

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the income statement in the period to which they relate.

Going concern

The company is in a net current liabilities position primarily due to the short term intergroup financing.

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

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 accounts receivable and payable, and loans from banks or other related parties.

Debt instruments, like loans and other accounts receivable and payable, are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables 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 outright short-term loan not at market rate, the financial asset or liability is measured, initially and subsequently, at the present value of the future payment discounted at a market rate of interest for a similar debt instrument.

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.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate, which is an approximation of the amount that the company would receive for the asset if it were to be sold at the balance sheet date.

Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Turnover

Turnover represents the net value of delivery services supplied, excluding value added tax.

3.	EMPLOYEES AND DIRECTORS

2026

2025

£

Wages and salaries

2,098,011

2,064,174

Social security costs

300,189

206,150

Other pension costs

47,046

40,590

2,445,246

2,310,914

The average number of employees during the year was as follows:

2026

2025

Directors

4

Employees

76

66

80

70

2026

2025

£

Directors' remuneration

2,547

11,943

4.	NET FINANCE COSTS

2026

2025

£

Finance income:

Bank account interest

862

2,809

Finance costs:

Bank interest

5,920

21,772

Bank charges

88,601

70,235

Hire purchase interest

138,194

51,298

232,715

143,305

Net finance costs

231,853

140,496

5.	(LOSS)/PROFIT BEFORE INCOME TAX

The loss before income tax (2025 - profit before income tax) is stated after charging/(crediting):

2026

2025

£

Cost of inventories recognised as expense

5,114,765

3,962,329

Depreciation - owned assets

509,876

416,217

Depreciation - assets on hire purchase contracts

305,816

255,417

Loss/(profit) on disposal of fixed assets

30,854

(1,000

)

Auditors' remuneration

22,169

20,129

Audit fees are bourne by the parent company

6.	INCOME TAX

Analysis of tax expense

2026

2025

£

Current tax:

Corporation tax

(344,511

)

-

Deferred tax:

Accelerated capital allowances

48,708

112,221

Other timing differences

313,536

93,563

Total deferred tax

362,244

205,784

Total tax expense in statement of profit or loss and other comprehensive

income

17,733

205,784

Tax losses amounting to £1,611,206 (2025 - £2,972,238) are available to offset against future profits of the company. A deferred tax asset recognised at 25% (2025 - 25%) of £402,802 (2025 - £743,060) has been offset against the provision for accelerated capital allowances.

7.

GOODWILL

£

COST

At 1 May 2025

and 30 April 2026

776,193

NET BOOK VALUE

At 30 April 2026

776,193

At 30 April 2025

776,193

On 28 April 2020, the company acquired certain assets and operations of Stowmarket Skip Hire Ltd, together with related property assets owned directly by the shareholders of Stowmarket Skip Hire Ltd.

Consideration paid for the trade and assets of Stowmarket Skips Hire Ltd amounted £1,500,000. The cost of the fixed assets acquired totalled £723,807. This transaction has given rise to goodwill of £776,193 to be carried forward.

8.	INTANGIBLE ASSETS

Intangible

assets

£

COST

At 1 May 2025

145,784

Additions

58,946

At 30 April 2026

204,730

NET BOOK VALUE

At 30 April 2026

204,730

At 30 April 2025

145,784

9.	PROPERTY, PLANT AND EQUIPMENT

Land &

freehold

Plant and

property

machinery

Skips

£

COST OR VALUATION

At 1 May 2025

10,931,528

3,816,645

1,112,383

Additions

85,091

1,579,224

-

Disposals

(25,915

)

(35,000

)

-

Reclassification/transfer

9,316

8,478

(6,660

)

At 30 April 2026

11,000,020

5,369,347

1,105,723

DEPRECIATION

At 1 May 2025

274,799

608,510

417,526

Charge for year

99,408

322,664

110,325

Eliminated on disposal

(697

)

(16,808

)

-

Reclassification/transfer

483

(110

)

(216

)

At 30 April 2026

373,993

914,256

527,635

NET BOOK VALUE

At 30 April 2026

10,626,027

4,455,091

578,088

At 30 April 2025

10,656,729

3,208,135

694,857

Motor

Computer

vehicles

equipment

Totals

£

COST OR VALUATION

At 1 May 2025

2,213,049

168,040

18,241,645

Additions

330,925

809

1,996,049

Disposals

(2,100

)

-

(63,015

)

Reclassification/transfer

3,498

(83

)

14,549

At 30 April 2026

2,545,372

168,766

20,189,228

DEPRECIATION

At 1 May 2025

780,580

106,401

2,187,816

Charge for year

259,645

23,650

815,692

Eliminated on disposal

(2,100

)

-

(19,605

)

Reclassification/transfer

-

(92

)

65

At 30 April 2026

1,038,125

129,959

2,983,968

NET BOOK VALUE

At 30 April 2026

1,507,247

38,807

17,205,260

At 30 April 2025

1,432,469

61,639

16,053,829

Cost or valuation at 30 April 2026 is represented by:

Land &

freehold

Plant and

property

machinery

Skips

£

Valuation in 2025

2,062,500

-

Cost

8,937,520

5,369,347

1,105,723

11,000,020

5,369,347

1,105,723

Motor

Computer

vehicles

equipment

Totals

£

Valuation in 2025

-

2,062,500

Cost

2,545,372

168,766

18,126,728

2,545,372

168,766

20,189,228

10.	TRADE AND OTHER RECEIVABLES

2026

2025

£

Current:

Trade debtors

371,922

659,570

Payments on account

-

43,352

Other debtors

25,885

3,320

VAT

70

194,716

Prepayments

184,322

111,129

582,199

1,012,087

11.	CASH AND CASH EQUIVALENTS

2026

2025

£

Bank accounts

277,079

142,889

12.	TRADE AND OTHER PAYABLES

2026

2025

£

Current:

Trade creditors

260,815

950,937

Amounts owed to group undertakings

10,937,824

10,557,493

Social security and other taxes

45,873

43,231

Other creditors

310,107

31,479

Accruals and deferred income

10,280

34,115

11,564,899

11,617,255

Non-current:

Other creditors

70,500

-

Aggregate amounts

11,635,399

11,617,255

13.

TAXATION

The corporation tax credit relates to group relief surrender of losses to the ultimate parent undertaking.

14.

FINANCIAL LIABILITIES - BORROWINGS

2026

2025

£

Current:

Leases (see note 15)

266,189

231,361

Non-current:

Leases (see note 15)

1,044,498

61,544

Terms and debt repayment schedule

1 year or

More than

less

1-2 years

2-5 years

5 years

Totals

£

Leases

266,189

212,022

584,446

248,030

1,310,687

15.

LEASING

Right-of-use assets

Property, plant and equipment

2026

2025

£

COST

At 1 May 2025

3,086,494

3,091,624

Additions

706,500

(5,130

)

Reclassification/transfer

8,478

-

3,801,472

3,086,494

DEPRECIATION

At 1 May 2025

829,585

574,168

Charge for year

305,816

255,417

Reclassification/transfer

80,422

-

1,215,823

829,585

NET BOOK VALUE

2,585,649

2,256,909

Lease liabilities

Minimum lease payments fall due as follows:

2026

2025

£

Gross obligations repayable:

Within one year

333,576

259,611

Between one and five years

950,305

77,753

In more than five years

248,030

-

1,531,911

337,364

Finance charges repayable:

Within one year

67,387

28,250

Between one and five years

153,837

16,209

221,224

44,459

Net obligations repayable:

Within one year

266,189

231,361

Between one and five years

796,468

61,544

In more than five years

248,030

-

1,310,687

292,905

16.	DEFERRED TAX

2026

2025

£

Balance at 1 May

1,607,889

1,402,105

Accelerated capital allowance

48,708

112,221

Tax losses carried forward

313,536

93,563

Revaluation of freehold property

Balance at 30 April

1,970,133

1,607,889

17.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

100

Ordinary shares

£1

100

18.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

At 1 May 2025

3,133,758

1,478,875

4,612,633

Deficit for the year

(483,491

)

(483,491

)

At 30 April 2026

2,650,267

1,478,875

4,129,142

19.	PENSION COMMITMENTS

The amount recognised in profit and loss as an expense in relation to defined contribution plans was £47,046 (2025: £40,590). The unpaid pension liability at the end of the year is £8,849 (2025: £8,628).

20.	RELATED PARTY DISCLOSURES

The company paid fees to JMJ Planning Ltd, a company controlled by the wife of director Mathew Stewart, totalling £45,256 (2025: £28,927). Unpaid amounts at the year end were £NIL (2025 £1,254).

The company has taken advantage of exemption, under the terms of UK-adopted international accounting standards, not to disclose related party transactions with wholly owned subsidiaries within the group.

21.	ULTIMATE CONTROLLING PARTY

The immediate parent company is Sun Environmental Services Ltd and the ultimate parent is Symmons & Co Limited a company registered in Guernsey.

The controlling party is Q R Stewart.