Company registration number 03861770 (England and Wales)
Calder Valley Skip Hire Limited
Unaudited
financial statements
for the year ended 30 September 2023
PAGES FOR FILING WITH REGISTRAR
Calder Valley Skip Hire Limited
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 5
Calder Valley Skip Hire Limited
Statement of financial position
as at 30 September 2023
30 September 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,052,605
852,599
Current assets
Debtors
2,011,130
1,177,745
Cash at bank and in hand
1,159
1,331
2,012,289
1,179,076
Creditors: amounts falling due within one year
(2,429,339)
(1,589,724)
Net current liabilities
(417,050)
(410,648)
Total assets less current liabilities
635,555
441,951
Creditors: amounts falling due after more than one year
(30,855)
Provisions for liabilities
4
(247,405)
(147,399)
Net assets
388,150
263,697
Capital and reserves
Called up share capital
5
150
150
Profit and loss reserves
388,000
263,547
Total equity
388,150
263,697
Calder Valley Skip Hire Limited
Statement of financial position (continued)
as at 30 September 2023
30 September 2023
- 2 -
In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).
The directors of the company have elected not to include a copy of the income statement within the financial statements.true
For the financial year ended 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 21 November 2023 and are signed on its behalf by:
R J Moore
Director
Company registration number 03861770 (England and Wales)
Calder Valley Skip Hire Limited
Notes to the financial statements
for the year ended 30 September 2023
- 3 -
1
Accounting policies
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
Turnover
Turnover represents the fair value of the consideration receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.
Turnover is recognised on supply of services.
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost less depreciation.
Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:
Plant and machinery
15% reducing balance
Fixtures, fittings & equipment
15% to 33.3% straight line
Motor vehicles
25% straight line
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
Calder Valley Skip Hire Limited
Notes to the financial statements (continued)
for the year ended 30 September 2023
1
Accounting policies
(continued)
- 4 -
Leases
Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the statement of financial position as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
22
24
3
Tangible fixed assets
Plant and machinery
Fixtures, fittings & equipment
Motor vehicles
Total
£
£
£
£
Cost
At 1 October 2022
1,303,851
84,635
561,500
1,949,986
Additions
176,186
165,500
341,686
At 30 September 2023
1,480,037
84,635
727,000
2,291,672
Depreciation and impairment
At 1 October 2022
480,826
55,061
561,500
1,097,387
Depreciation charged in the year
125,334
4,804
11,542
141,680
At 30 September 2023
606,160
59,865
573,042
1,239,067
Carrying amount
At 30 September 2023
873,877
24,770
153,958
1,052,605
At 30 September 2022
823,025
29,574
852,599
4
Provisions for liabilities
2023
2022
£
£
Deferred tax liabilities
247,405
147,399
Calder Valley Skip Hire Limited
Notes to the financial statements (continued)
for the year ended 30 September 2023
- 5 -
5
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
50
50
50
50
Ordinary A shares of £1 each
50
50
50
50
Non-voting 'A' shares of £1 each
25
25
25
25
Non-voting 'B' shares of £1 each
25
25
25
25
150
150
150
150
6
Parent company
The company's parent company is Calder Valley Holdings Limited and its registered office is Pellon Lane Sawmills, Pellon Lane. Halifax, HX1 4PX.
7
Company information
Calder Valley Skip Hire Limited is a private company limited by shares incorporated in England and Wales. The registered office is Rochdale Road, Sowerby Bridge, Halifax, West Yorkshire, HX6 3LL.