Install Integrated Skips Limited 09979665 false 2022-05-01 2023-04-30 2023-04-30 The principal activity of the company is Collection of non-hazardous waste Digita Accounts Production Advanced 6.30.9574.0 true true 09979665 2022-05-01 2023-04-30 09979665 2023-04-30 09979665 core:CurrentFinancialInstruments 2023-04-30 09979665 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 09979665 core:Non-currentFinancialInstruments core:AfterOneYear 2023-04-30 09979665 core:FurnitureFittingsToolsEquipment 2023-04-30 09979665 core:LandBuildings 2023-04-30 09979665 core:MotorVehicles 2023-04-30 09979665 bus:SmallEntities 2022-05-01 2023-04-30 09979665 bus:AuditExemptWithAccountantsReport 2022-05-01 2023-04-30 09979665 bus:FullAccounts 2022-05-01 2023-04-30 09979665 bus:SmallCompaniesRegimeForAccounts 2022-05-01 2023-04-30 09979665 bus:RegisteredOffice 2022-05-01 2023-04-30 09979665 bus:Director1 2022-05-01 2023-04-30 09979665 bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 09979665 core:FurnitureFittingsToolsEquipment 2022-05-01 2023-04-30 09979665 core:LandBuildings 2022-05-01 2023-04-30 09979665 core:MotorVehicles 2022-05-01 2023-04-30 09979665 countries:EnglandWales 2022-05-01 2023-04-30 09979665 2022-04-30 09979665 core:FurnitureFittingsToolsEquipment 2022-04-30 09979665 core:LandBuildings 2022-04-30 09979665 core:MotorVehicles 2022-04-30 09979665 2021-05-01 2022-04-30 09979665 2022-04-30 09979665 core:CurrentFinancialInstruments 2022-04-30 09979665 core:CurrentFinancialInstruments core:WithinOneYear 2022-04-30 09979665 core:Non-currentFinancialInstruments core:AfterOneYear 2022-04-30 09979665 core:FurnitureFittingsToolsEquipment 2022-04-30 09979665 core:LandBuildings 2022-04-30 09979665 core:MotorVehicles 2022-04-30 iso4217:GBP xbrli:pure

Registration number: 09979665

Install Integrated Skips Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2023

 

Install Integrated Skips Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

Install Integrated Skips Limited

Company Information

Director

Mr Dean Horgan

Registered office

Unit 12h
Atlantic Trading Estate
Barry
South Glamorgan
CF63 3RF

Accountants

Mr Colm McLister
13 The Rise
Llanishen
Cardiff
CF14 0RA

 

Install Integrated Skips Limited

(Registration number: 09979665)
Balance Sheet as at 30 April 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

760,105

612,526

Current assets

 

Debtors

6

170,855

143,319

Cash at bank and in hand

 

6,260

9,279

 

177,115

152,598

Creditors: Amounts falling due within one year

7

(140,734)

(239,948)

Net current assets/(liabilities)

 

36,381

(87,350)

Total assets less current liabilities

 

796,486

525,176

Creditors: Amounts falling due after more than one year

7

(558,753)

(365,321)

Net assets

 

237,733

159,855

Capital and reserves

 

Called up share capital

10

10

Retained earnings

237,723

159,845

Shareholders' funds

 

237,733

159,855

For the financial year ending 30 April 2023 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 accounts for the year in question in accordance with section 476; and

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

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 9 November 2023
 

 

Install Integrated Skips Limited

(Registration number: 09979665)
Balance Sheet as at 30 April 2023

.........................................
Mr Dean Horgan
Director

 

Install Integrated Skips Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 12h
Atlantic Trading Estate
Barry
South Glamorgan
CF63 3RF
Wales

These financial statements were authorised for issue by the director on 9 November 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Install Integrated Skips Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

 

Install Integrated Skips Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 12 (2022 - 7).

 

Install Integrated Skips Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 May 2022

-

410,672

445,380

856,052

Additions

164,240

185,809

96,495

446,544

Disposals

-

(208,300)

(64,150)

(272,450)

At 30 April 2023

164,240

388,181

477,725

1,030,146

Depreciation

At 1 May 2022

-

147,201

96,325

243,526

Charge for the year

3,285

46,675

59,058

109,018

Eliminated on disposal

-

(70,184)

(12,319)

(82,503)

At 30 April 2023

3,285

123,692

143,064

270,041

Carrying amount

At 30 April 2023

160,955

264,489

334,661

760,105

At 30 April 2022

-

263,471

349,055

612,526

Included within the net book value of land and buildings above is £160,955 (2022 - £Nil) in respect of freehold land and buildings.
 

5

Stocks

2023
£

2022
£

6

Debtors

Current

Note

2023
£

2022
£

Trade debtors

 

19,353

27,606

Amounts owed by related parties

8

148,874

104,775

Prepayments

 

2,628

-

Other debtors

 

-

10,938

   

170,855

143,319

 

Install Integrated Skips Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

188,411

193,994

Trade creditors

 

117,178

43,714

Taxation and social security

 

29,828

1,994

Accruals and deferred income

 

(196,079)

-

Other creditors

 

1,396

246

 

140,734

239,948

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

558,753

365,321

8

Related party transactions

 

Install Integrated Skips Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

Director's remuneration

The director's remuneration for the year was as follows:

2023
£

2022
£

Remuneration

8,840

9,109