Company Registration No. 11389532 (England and Wales)
Horrocks Waste Management Limited
Unaudited accounts
for the period from 1 June 2022 to 31 March 2023
Horrocks Waste Management Limited
Unaudited accounts
Contents
Horrocks Waste Management Limited
Company Information
for the period from 1 June 2022 to 31 March 2023
Directors
C R Topham
M R Topham
W A Turbefield
A S Thompson
Company Number
11389532 (England and Wales)
Registered Office
Kennedy House
31 Stamford Street
Altrincham
WA14 1ES
England
Accountants
Daniel Sam Limited
61 Plodder Lane
Farnworth
Bolton
BL4 0BX
Horrocks Waste Management Limited
Statement of financial position
as at 31 March 2023
Tangible assets
431,828
392,517
Cash at bank and in hand
1,935
14,131
Creditors: amounts falling due within one year
(37,687)
(36,413)
Net current assets
72,484
45,368
Total assets less current liabilities
504,412
437,885
Creditors: amounts falling due after more than one year
(791,027)
(630,638)
Net liabilities
(286,615)
(192,753)
Called up share capital
2
2
Profit and loss account
(286,617)
(192,755)
Shareholders' funds
(286,615)
(192,753)
For the period ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 4 December 2023 and were signed on its behalf by
W A Turbefield
Director
Company Registration No. 11389532
Horrocks Waste Management Limited
Notes to the Accounts
for the period from 1 June 2022 to 31 March 2023
Horrocks Waste Management Limited is a private company, limited by shares, registered in England and Wales, registration number 11389532. The registered office is Kennedy House, 31 Stamford Street, Altrincham, WA14 1ES, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
not provided
Plant & machinery
10% on cost
Motor vehicles
15% on cost
Computer equipment
20% on cost
Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.
Taxation for the period 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 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 period 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.
Horrocks Waste Management Limited
Notes to the Accounts
for the period from 1 June 2022 to 31 March 2023
Hire purchase and leasing commitments
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 June 2022
51,036
124,200
263,380
708
439,324
Additions
51,501
-
32,000
-
83,501
At 31 March 2023
102,537
124,200
295,380
708
522,825
At 1 June 2022
-
10,693
35,830
284
46,807
Charge for the period
-
10,350
33,722
118
44,190
At 31 March 2023
-
21,043
69,552
402
90,997
At 31 March 2023
102,537
103,157
225,828
306
431,828
At 31 May 2022
51,036
113,507
227,550
424
392,517
5
Investments
Subsidiary undertakings
Valuation at 1 June 2022
-
Valuation at 31 March 2023
100
Amounts falling due within one year
Trade debtors
22,169
14,257
Other debtors
86,067
53,393
Horrocks Waste Management Limited
Notes to the Accounts
for the period from 1 June 2022 to 31 March 2023
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
4,419
4,400
Trade creditors
21,595
4,507
Taxes and social security
4,182
171
Other creditors
7,491
27,335
8
Creditors: amounts falling due after more than one year
2023
2022
Other creditors
781,666
617,974
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
10
Average number of employees
During the period the average number of employees was 3 (2022: 3).
