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REGISTERED NUMBER: 05707386

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE PERIOD 1 AUGUST 2021 TO 30 JULY 2022 |

| FOR |

| SALFORD SKIP HIRE LTD |

SALFORD SKIP HIRE LTD (REGISTERED NUMBER: 05707386)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE PERIOD 1 AUGUST 2021 TO 30 JULY 2022

Page |

Balance Sheet | 1 |

Notes to the Financial Statements | 3 |

SALFORD SKIP HIRE LTD (REGISTERED NUMBER: 05707386)

BALANCE SHEET

30 JULY 2022

| 2022 | 2021 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 3,567,639 |  | 3,015,489 |  |

Investments | 5 | 29,520 |  | - |  |

3,597,159 |  | 3,015,489 |  |

CURRENT ASSETS

Debtors | 6 | 2,311,986 |  | 1,618,077 |  |

Cash at bank | 675,936 |  | 779,698 |  |

2,987,922 |  | 2,397,775 |  |

CREDITORS

Amounts falling due within one year | 7 | 1,456,986 |  | 1,079,155 |  |

NET CURRENT ASSETS | 1,530,936 |  | 1,318,620 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 5,128,095 |  | 4,334,109 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (366,707 | ) | (323,449 | ) |

PROVISIONS FOR LIABILITIES | (805,252 | ) | (493,951 | ) |

NET ASSETS | 3,956,136 |  | 3,516,709 |  |

CAPITAL AND RESERVES

Called up share capital | 150 |  | 150 |  |

Retained earnings | 3,955,986 |  | 3,516,559 |  |

SHAREHOLDERS' FUNDS | 3,956,136 |  | 3,516,709 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 July 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 July 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

SALFORD SKIP HIRE LTD (REGISTERED NUMBER: 05707386)

BALANCE SHEET - continued

30 JULY 2022

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 Board of Directors and authorised for issue on 3 October 2023 and were signed on its behalf by:

A G Cauchi - Director

SALFORD SKIP HIRE LTD (REGISTERED NUMBER: 05707386)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD 1 AUGUST 2021 TO 30 JULY 2022

1. | STATUTORY INFORMATION

| Salford Skip Hire Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number is 05707386 and the registered office address is Kingston House, Cobden Street, Salford, Manchester, M6 6WF.

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. Turnover is recognised when the goods are physically delivered to the customers.

| 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 | - | 5% on reducing balance

| Fixtures and fittings | - | 20% on reducing balance

| Motor vehicles | - | 5% on reducing balance

| Taxation

| Taxation for the period 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 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.

| 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 useful lives. Those held under finance leases are depreciated over their useful lives or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to the profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

SALFORD SKIP HIRE LTD (REGISTERED NUMBER: 05707386)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 1 AUGUST 2021 TO 30 JULY 2022

2. | ACCOUNTING POLICIES - continued

| 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.

| Government grant

| Government grants have been recognised based on the accrual model. Government grants related to assets are recognised as deferred income and recognised in income on a systematic basis over the expected useful life of the asset.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the period was 34 (2021 - 33 ) .

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| Freehold |  | Plant and |  | and |  | Motor |

| property |  | machinery |  | fittings |  | vehicles |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1 August 2021 | 80,573 |  | 3,322,374 |  | 83,297 |  | 781,457 |  | 4,267,701 |  |

| Additions | - |  | 697,953 |  | 3,294 |  | 375,038 |  | 1,076,285 |  |

| Disposals | - |  | (500,000 | ) | - |  | (127,887 | ) | (627,887 | ) |

| At 30 July 2022 | 80,573 |  | 3,520,327 |  | 86,591 |  | 1,028,608 |  | 4,716,099 |  |

| DEPRECIATION

| At 1 August 2021 | 4,834 |  | 941,200 |  | 57,799 |  | 248,379 |  | 1,252,212 |  |

| Charge for period | 1,612 |  | 126,313 |  | 5,683 |  | 36,916 |  | 170,524 |  |

| Eliminated on disposal | - |  | (180,157 | ) | - |  | (94,119 | ) | (274,276 | ) |

| At 30 July 2022 | 6,446 |  | 887,356 |  | 63,482 |  | 191,176 |  | 1,148,460 |  |

| NET BOOK VALUE

| At 30 July 2022 | 74,127 |  | 2,632,971 |  | 23,109 |  | 837,432 |  | 3,567,639 |  |

| At 31 July 2021 | 75,739 |  | 2,381,174 |  | 25,498 |  | 533,078 |  | 3,015,489 |  |

5. | FIXED ASSET INVESTMENTS

| Investments (neither listed nor unlisted) were as follows:

2022 | 2021 |

£ | £ |

| Other investments | 29,520 |  | - |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2022 | 2021 |

£ | £ |

| Trade debtors | 824,814 |  | 386,131 |  |

| Other debtors | 1,487,172 |  | 1,231,946 |  |

2,311,986 |  | 1,618,077 |  |

SALFORD SKIP HIRE LTD (REGISTERED NUMBER: 05707386)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 1 AUGUST 2021 TO 30 JULY 2022

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2022 | 2021 |

£ | £ |

| Hire purchase contracts (see note 9) | 251,596 |  | 265,425 |  |

| Trade creditors | 797,454 |  | 357,016 |  |

| Taxation and social security | 395,555 |  | 439,534 |  |

| Other creditors | 12,381 |  | 17,180 |  |

1,456,986 |  | 1,079,155 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2022 | 2021 |

£ | £ |

| Hire purchase contracts (see note 9) | 366,707 |  | 323,449 |  |

9. | LEASING AGREEMENTS

| Minimum lease payments fall due as follows:

| Hire purchase contracts |

2022 | 2021 |

£ | £ |

| Net obligations repayable:

| Within one year | 251,596 |  | 265,425 |  |

| Between one and five years | 366,707 |  | 323,449 |  |

618,303 |  | 588,874 |  |

| Non-cancellable operating | leases |

2022 | 2021 |

£ | £ |

| Within one year | 105,573 |  | 106,053 |  |

| Between one and five years | 100,293 |  | 100,779 |  |

205,866 |  | 206,832 |  |

10. | SECURED DEBTS

| The following secured debts are included within creditors:

2022 | 2021 |

£ | £ |

| Hire purchase contracts | 618,303 |  | 588,874 |  |