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REGISTERED NUMBER: SC304390 (Scotland)




















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

STRATHCLYDE SKIP HIRE AND RECYCLING
LIMITED

STRATHCLYDE SKIP HIRE AND RECYCLING
LIMITED (REGISTERED NUMBER: SC304390)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


STRATHCLYDE SKIP HIRE AND RECYCLING
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTOR: Mr John Graeme Wilson





SECRETARY: Mr John Graeme Wilson





REGISTERED OFFICE: 165 Main Street
Wishaw
Lanarkshire
ML2 7AU





REGISTERED NUMBER: SC304390 (Scotland)





ACCOUNTANTS: Feely & Company, Chartered Accountants
165 Main Street
Wishaw
Lanarkshire
ML2 7AU

STRATHCLYDE SKIP HIRE AND RECYCLING
LIMITED (REGISTERED NUMBER: SC304390)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 700 1,050
Tangible assets 5 122,547 122,983
123,247 124,033

CURRENT ASSETS
Debtors 6 199,092 206,592
Cash at bank 15,554 9,119
214,646 215,711
CREDITORS
Amounts falling due within one year 7 61,138 61,526
NET CURRENT ASSETS 153,508 154,185
TOTAL ASSETS LESS CURRENT LIABILITIES 276,755 278,218

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 276,753 278,216
SHAREHOLDERS' FUNDS 276,755 278,218

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 October 2023 and were signed by:





Mr John Graeme Wilson - Director


STRATHCLYDE SKIP HIRE AND RECYCLING
LIMITED (REGISTERED NUMBER: SC304390)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1. STATUTORY INFORMATION

Strathclyde Skip Hire And Recycling Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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 services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 10% on reducing balance

At each balance sheet date, the company reviews the carrying amount of the tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.

Taxation
Taxation for the year 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
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date, but only in those instances where the amounts are deemed to be material.

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 year 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.

Basic financial instruments
Basic financial instruments, including short term trade and other debtors due to be settled within one year, are accounted for at their transaction price

Trade and other debtors are reviewed for impairment (e.g. bad debts) at the end of each accounting period.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

STRATHCLYDE SKIP HIRE AND RECYCLING
LIMITED (REGISTERED NUMBER: SC304390)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2022
and 31 July 2023 7,000
AMORTISATION
At 1 August 2022 5,950
Charge for year 350
At 31 July 2023 6,300
NET BOOK VALUE
At 31 July 2023 700
At 31 July 2022 1,050

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2022
and 31 July 2023 118,636 87,117 205,753
DEPRECIATION
At 1 August 2022 - 82,770 82,770
Charge for year - 436 436
At 31 July 2023 - 83,206 83,206
NET BOOK VALUE
At 31 July 2023 118,636 3,911 122,547
At 31 July 2022 118,636 4,347 122,983

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 8,957 8,957
Other debtors 190,135 197,635
199,092 206,592

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,210 1,276
Taxation and social security 1,561 1,707
Other creditors 58,367 58,543
61,138 61,526