Midlands Reclamation and Waste Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04397028

Midlands Reclamation and Waste Limited

Filleted Unaudited Financial Statements

31 May 2025

Midlands Reclamation and Waste Limited

Financial Statements

Year ended 31 May 2025

Contents	Page

Balance sheet	1

Notes to the financial statements	3

Midlands Reclamation and Waste Limited

Balance Sheet

31 May 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	5		3,204,814		1,623,859

Current assets

Debtors	6	532,199	536,457
Cash at bank and in hand		496,619	462,937
		------------	---------
		1,028,818	999,394

Creditors: amounts falling due within one year	7	1,019,156		504,977
		------------		---------
Net current assets			9,662		494,417
			------------		------------
Total assets less current liabilities			3,214,476		2,118,276

Creditors: amounts falling due after more than one year	8		986,090		305,268

Provisions

Taxation including deferred tax	347,229	250,683
	------------	------------
Net assets	1,881,157	1,562,325
	------------	------------

Midlands Reclamation and Waste Limited

Balance Sheet (continued)

31 May 2025

	2025		2024
Note	£	£	£	£

Capital and reserves

Called up share capital	100	100
Profit and loss account	1,881,057	1,562,225
	------------	------------
Shareholders funds	1,881,157	1,562,325
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.

For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 11 November 2025 , and are signed on behalf of the board by:

Mr M R Williamson
Director

Company registration number: 04397028

Midlands Reclamation and Waste Limited

Notes to the Financial Statements

Year ended 31 May 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 6 Corunna Court, Corunna Road, Warwick, CV34 5HQ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Current tax is recognised on taxable profit for the current and past periods. Deferred tax is recognised in respect of all timing differences at the reporting date.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Leasehold Property	-	Straight line over 10 years
Plant & Machinery	-	25% and 10% reducing balance
Fixtures & Fittings	-	25% reducing balance
Motor vehicle	-	25% reducing balance

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the balance sheet as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model. Grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset.

Research and development

Research expenditure is written off in the period in which it is incurred.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 28 (2024: 27 ).

5. Tangible assets

	Long leasehold property	Plant and machinery	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£	£
Cost
At 1 June 2024	477,092	3,500,482	29,125	107,161	4,113,860
Additions	120,479	2,212,033	–	–	2,332,512
Disposals	–	( 1,153,809)	–	( 78,011)	( 1,231,820)
	---------	------------	--------	---------	------------
At 31 May 2025	597,571	4,558,706	29,125	29,150	5,214,552
	---------	------------	--------	---------	------------
Depreciation
At 1 June 2024	98,236	2,301,213	26,829	63,723	2,490,001
Charge for the year	7,045	373,966	574	10,859	392,444
Disposals	–	( 806,587)	–	( 66,120)	( 872,707)
	---------	------------	--------	---------	------------
At 31 May 2025	105,281	1,868,592	27,403	8,462	2,009,738
	---------	------------	--------	---------	------------
Carrying amount
At 31 May 2025	492,290	2,690,114	1,722	20,688	3,204,814
	---------	------------	--------	---------	------------
At 31 May 2024	378,856	1,199,269	2,296	43,438	1,623,859
	---------	------------	--------	---------	------------

6. Debtors

	2025	2024
	£	£
Trade debtors	340,430	391,099
Amounts owed by group undertakings	74,983	74,983
Other debtors	116,786	70,375
	---------	---------
	532,199	536,457
	---------	---------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	18,356	–
Trade creditors	504,733	131,926
Corporation tax	–	44,959
Social security and other taxes	79,788	50,166
Other creditors	416,279	277,926
	------------	---------
	1,019,156	504,977
	------------	---------

Bank loans are secured by a debenture including fixed charges over all fixed assets and a floating charge over all other assets. Included in other creditors above is £281,260 (2024: £207,607) of hire purchase and finance lease liabilities. These debts are secured on the assets to which they relate.

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	679,513	–
Other creditors	306,577	305,268
	---------	---------
	986,090	305,268
	---------	---------

Bank loans are secured by a debenture including fixed charges over all fixed assets and a floating charge over all other assets. Included in other creditors above is £306,577 (2024: £305,268) of hire purchase and finance lease liabilities. These debts are secured on the assets to which they relate.

Included within creditors: amounts falling due after more than one year is an amount of £588,402 (2024: £Nil) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.

9. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Not later than 1 year	–	12,500
Later than 1 year and not later than 5 years	119,802	177,307
	---------	---------
	119,802	189,807
	---------	---------