Company Registration No. 05131501 (England and Wales)
A1 Mini Skips Limited
Unaudited accounts
for the year ended 30 April 2023
A1 Mini Skips Limited
Unaudited accounts
Contents
A1 Mini Skips Limited
Statement of financial position
as at 30 April 2023
Tangible assets
325,383
336,319
Cash at bank and in hand
36,131
75,167
Creditors: amounts falling due within one year
(260,209)
(264,027)
Net current liabilities
(189,448)
(153,393)
Total assets less current liabilities
135,935
182,926
Creditors: amounts falling due after more than one year
(41,066)
(38,079)
Provisions for liabilities
Deferred tax
(39,590)
(32,554)
Called up share capital
100
100
Profit and loss account
55,179
112,193
Shareholders' funds
55,279
112,293
For the 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. 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 31 January 2024 and were signed on its behalf by
A A Eardley
Director
Company Registration No. 05131501
A1 Mini Skips Limited
Notes to the Accounts
for the year ended 30 April 2023
A1 Mini Skips Limited is a private company, limited by shares, registered in England and Wales, registration number 05131501. The registered office is LITTLE FARM, 86 THE HOLLOW, MOW, COP, STOKE-ON-TRENT, STAFFORDSHIRE, ST7 4NW.
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 year, 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.
The accounts are presented in £ sterling.
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:
Plant & machinery
15% on net book value
Motor vehicles
15% on net book value
Computer equipment
15% on net book value
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
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.
A1 Mini Skips Limited
Notes to the Accounts
for the year ended 30 April 2023
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 May 2022
19,753
645,423
512,891
4,590
1,182,657
Additions
-
23,252
45,000
-
68,252
Disposals
-
(16,338)
(36,681)
-
(53,019)
At 30 April 2023
19,753
652,337
521,210
4,590
1,197,890
At 1 May 2022
-
466,261
376,991
3,086
846,338
Charge for the year
-
30,374
26,047
226
56,647
On disposals
-
(10,879)
(19,599)
-
(30,478)
At 30 April 2023
-
485,756
383,439
3,312
872,507
At 30 April 2023
19,753
166,581
137,771
1,278
325,383
At 30 April 2022
19,753
179,162
135,900
1,504
336,319
Amounts falling due within one year
Trade debtors
33,539
30,786
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
9,808
9,566
Obligations under finance leases and hire purchase contracts
11,000
19,909
Trade creditors
183,350
183,465
Taxes and social security
46,540
41,824
Loans from directors
4,413
5,280
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
12,833
-
A1 Mini Skips Limited
Notes to the Accounts
for the year ended 30 April 2023
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
9
Average number of employees
During the year the average number of employees was 14 (2022: 13).