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REGISTERED NUMBER: 04934307 (England and Wales)









Group Strategic Report,

Report of the Directors and

Consolidated Financial Statements

for the Period 1 January 2022 to 31 March 2023

for

BATEMAN SKIPS LIMITED

BATEMAN SKIPS LIMITED (REGISTERED NUMBER: 04934307)

Contents of the Consolidated Financial Statements
FOR THE PERIOD 1 JANUARY 2022 TO 31 MARCH 2023










Page

Company Information 1

Group Strategic Report 2

Report of the Directors 4

Report of the Independent Auditors 6

Consolidated Statement of Comprehensive Income 9

Consolidated Balance Sheet 10

Company Balance Sheet 11

Consolidated Statement of Changes in Equity 12

Company Statement of Changes in Equity 13

Consolidated Cash Flow Statement 14

Notes to the Consolidated Cash Flow Statement 15

Notes to the Consolidated Financial Statements 17


BATEMAN SKIPS LIMITED

Company Information
FOR THE PERIOD 1 JANUARY 2022 TO 31 MARCH 2023







DIRECTORS: L Bateman
A S Draper
C A Elms (nee Knighton)
A A Ryder





REGISTERED OFFICE: Spring Lodge, 172 Chester Road
Helsby
Cheshire
WA6 0AR





REGISTERED NUMBER: 04934307 (England and Wales)





AUDITORS: Haines Watts (Western) Limited
Bath House
6-8 Bath Street
Bristol
BS1 6HL

BATEMAN SKIPS LIMITED (REGISTERED NUMBER: 04934307)

Group Strategic Report
FOR THE PERIOD 1 JANUARY 2022 TO 31 MARCH 2023


The directors present their strategic report of the company and the group for the period 1 January 2022 to 31 March 2023.

REVIEW OF BUSINESS
The principal activities of the group include skip hire and commercial recycling and waste management.

The group experienced another profitable period. Turnover increased to £10,568,920 (£8,455,136 on a 12 month pro-rata basis) compared with £8,330,625 in the previous year. The group's gross profit totalled £2,840,639 (£2,272,511 on a 12 month pro-rata basis) compared with £2,706,736 in the previous year.The gross profit margin for the period decreased to 27% (32.5% in the previous year). Profit before taxation decreased to £1,276,362 (£1,021,090 on a 12 month pro-rata basis) compared with £1,547,986 in the previous year.

The group's key financial and other performance indicators include the group's sales levels and gross and net profitability margins. These indicators are shown on the face of the profit and loss account. The directors believe further analysis using KPIs is not necessary for an understanding of the development, performance or position of the group.

PRINCIPAL RISKS AND UNCERTAINTIES
The directors recognise that the performance of the group is dependent upon key risks. Some of these risks are outside the group's control. The main risks are set out below. The directors review and agree policies and procedures for managing each of these and they are summarised below.

Business performance risk
This is the risk that the group may not perform as expected due to either internal and external factors. This risk is managed through ensuring an appropriate management team is in place, business planning, monthly financial reporting and cash management.

Social, ethical and environmental risk
This is the risk that the group does not meet the standards expected of it and suffers reputational damage. The group has strict quality control operational procedures in place and these are regularly monitored by management.

Liquidity risk
The group uses bank loan and hire purchase facilities. Management have a tightly controlled cash management policy and consistently review expected future cash inflows and outflows to ensure adequate liquidity exists in the business.

Credit risk
The group's principal financial assets are cash and trade debtors. Group policy is aimed at minimising credit risk and has credit control procedures to ensure appropriate credit limits on customers are adhered to.

BATEMAN SKIPS LIMITED (REGISTERED NUMBER: 04934307)

Group Strategic Report
FOR THE PERIOD 1 JANUARY 2022 TO 31 MARCH 2023


Interest rate risk
The group reduces exposure to interest rates through a mixture of agreed fixed and variable interest rates for the hire purchase arrangements.

Research and development
The group has invested in state-of-the-art waste segregation technology to recover as much recyclable material as possible. Its mission statement is to avoid sending any waste to landfill and aims to be 'Zero Waste to Landfill". The directors have a policy to ensure the research is continued to enable the company to stay at the forefront of the industry and maintain competitive advantage.

ON BEHALF OF THE BOARD:





C A Elms (nee Knighton) - Director


17 April 2024

BATEMAN SKIPS LIMITED (REGISTERED NUMBER: 04934307)

Report of the Directors
FOR THE PERIOD 1 JANUARY 2022 TO 31 MARCH 2023


The directors present their report with the financial statements of the company and the group for the period 1 January 2022 to 31 March 2023.

PRINCIPAL ACTIVITY
The principal activity of the group in the period under review was that of skip hire and collection of non-hazardous waste.

DIVIDENDS
The dividend proposed and paid in respect of the period ended 31 March 2023 is £144,212 (2021: £130,889 ).

FUTURE DEVELOPMENTS
On the 11th July 2023, the entire issued share capital of the company was acquired by RSK Environment Limited, with the ultimate controlling party being RSK Group Limited.

EVENTS SINCE THE END OF THE PERIOD
Information relating to events since the end of the period is given in the notes to the financial statements.

DIRECTORS
L Bateman has held office during the whole of the period from 1 January 2022 to the date of this report.

Other changes in directors holding office are as follows:

A S Draper , C A Elms (nee Knighton) and A A Ryder were appointed as directors after 31 March 2023 but prior to the date of this report.

M A Bateman and C Harris ceased to be directors after 31 March 2023 but prior to the date of this report.

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Group Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

BATEMAN SKIPS LIMITED (REGISTERED NUMBER: 04934307)

Report of the Directors
FOR THE PERIOD 1 JANUARY 2022 TO 31 MARCH 2023


STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

ON BEHALF OF THE BOARD:





C A Elms (nee Knighton) - Director


17 April 2024

Report of the Independent Auditors to the Members of
Bateman Skips Limited


Opinion
We have audited the financial statements of Bateman Skips Limited (the 'parent company') and its subsidiaries (the 'group') for the period ended 31 March 2023 which comprise the Consolidated Statement of Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the group's and of the parent company affairs as at 31 March 2023 and of the group's profit for the period then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Report of the Independent Auditors to the Members of
Bateman Skips Limited


Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Group Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Group Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception
In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or
- the parent company financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page four, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

Report of the Independent Auditors to the Members of
Bateman Skips Limited


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in
line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including
fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

o Closely examined significant unusual transactions outside the company's normal activities;
o Substantive testing on journal entries for any signs of manipulation;
o Challenging assumptions and judgments made by management in its significant accounting estimates and judgments;
o Substantively tested the recognition and completeness of the company's revenue streams.

We assessed the susceptibility of the Company's financial statements to material misstatement, including how fraud might occur. Audit procedures performed by the audit team included:

o Identifying and assessing the controls management has in place to prevent and detect fraud;
o Understanding how those charged with governance considered and addressed the potential for override of controls or other inappropriate influence over the financial reporting process and;
o Assessing the extent of compliance with the relevant laws and regulations.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Matthew J Bracher BSc FCA (Senior Statutory Auditor)
for and on behalf of Haines Watts (Western) Limited
Bath House
6-8 Bath Street
Bristol
BS1 6HL

17 April 2024

BATEMAN SKIPS LIMITED (REGISTERED NUMBER: 04934307)

Consolidated Statement of Comprehensive Income
FOR THE PERIOD 1 JANUARY 2022 TO 31 MARCH 2023

Period
1.1.22
to Year Ended
31.3.23 31.12.21
Notes £    £   

TURNOVER 10,568,920 8,330,625

Cost of sales (7,728,281 ) (5,623,889 )
GROSS PROFIT 2,840,639 2,706,736

Administrative expenses (1,539,692 ) (1,182,846 )
1,300,947 1,523,890

Other operating income 29,495 95,795
OPERATING PROFIT 4 1,330,442 1,619,685

Interest receivable and similar income 579 643
1,331,021 1,620,328

Interest payable and similar expenses 5 (54,659 ) (72,342 )
PROFIT BEFORE TAXATION 1,276,362 1,547,986

Tax on profit 6 (273,273 ) (372,731 )
PROFIT FOR THE FINANCIAL PERIOD 1,003,089 1,175,255

OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE PERIOD

1,003,089

1,175,255

Profit attributable to:
Owners of the parent 1,003,089 1,175,255

Total comprehensive income attributable to:
Owners of the parent 1,003,089 1,175,255

BATEMAN SKIPS LIMITED (REGISTERED NUMBER: 04934307)

Consolidated Balance Sheet
31 MARCH 2023

2023 2021
Notes £    £   
FIXED ASSETS
Tangible assets 9 4,667,597 4,449,205
Investments 10 - -
4,667,597 4,449,205

CURRENT ASSETS
Debtors 11 1,084,158 771,485
Cash at bank and in hand 1,261,547 1,977,463
2,345,705 2,748,948
CREDITORS
Amounts falling due within one year 12 (1,393,523 ) (1,987,385 )
NET CURRENT ASSETS 952,182 761,563
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,619,779

5,210,768

CREDITORS
Amounts falling due after more than one
year

13

(173,982

)

(801,339

)

PROVISIONS FOR LIABILITIES 17 (886,214 ) (708,723 )
NET ASSETS 4,559,583 3,700,706

CAPITAL AND RESERVES
Called up share capital 18 400 400
Retained earnings 19 4,559,183 3,700,306
SHAREHOLDERS' FUNDS 4,559,583 3,700,706

The financial statements were approved by the Board of Directors and authorised for issue on 17 April 2024 and were signed on its behalf by:





C A Elms (nee Knighton) - Director


BATEMAN SKIPS LIMITED (REGISTERED NUMBER: 04934307)

Company Balance Sheet
31 MARCH 2023

2023 2021
Notes £    £   
FIXED ASSETS
Tangible assets 9 4,638,772 4,403,439
Investments 10 129,300 129,300
4,768,072 4,532,739

CURRENT ASSETS
Debtors 11 1,073,941 791,543
Cash at bank and in hand 1,036,990 1,781,744
2,110,931 2,573,287
CREDITORS
Amounts falling due within one year 12 (1,382,985 ) (1,963,097 )
NET CURRENT ASSETS 727,946 610,190
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,496,018

5,142,929

CREDITORS
Amounts falling due after more than one
year

13

(173,982

)

(801,339

)

PROVISIONS FOR LIABILITIES 17 (879,008 ) (708,723 )
NET ASSETS 4,443,028 3,632,867

CAPITAL AND RESERVES
Called up share capital 18 400 400
Retained earnings 4,442,628 3,632,467
SHAREHOLDERS' FUNDS 4,443,028 3,632,867

Company's profit for the financial year 954,373 1,124,863

The financial statements were approved by the Board of Directors and authorised for issue on 17 April 2024 and were signed on its behalf by:





C A Elms (nee Knighton) - Director


BATEMAN SKIPS LIMITED (REGISTERED NUMBER: 04934307)

Consolidated Statement of Changes in Equity
FOR THE PERIOD 1 JANUARY 2022 TO 31 MARCH 2023

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 January 2021 400 2,655,940 2,656,340

Changes in equity
Profit for the year - 1,175,255 1,175,255
Total comprehensive income - 1,175,255 1,175,255
Dividends - (130,889 ) (130,889 )
Balance at 31 December 2021 400 3,700,306 3,700,706

Changes in equity
Profit for the period - 1,003,089 1,003,089
Total comprehensive income - 1,003,089 1,003,089
Dividends - (144,212 ) (144,212 )
Balance at 31 March 2023 400 4,559,183 4,559,583

BATEMAN SKIPS LIMITED (REGISTERED NUMBER: 04934307)

Company Statement of Changes in Equity
FOR THE PERIOD 1 JANUARY 2022 TO 31 MARCH 2023

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 January 2021 400 2,638,493 2,638,893

Changes in equity
Profit for the year - 1,124,863 1,124,863
Total comprehensive income - 1,124,863 1,124,863
Dividends - (130,889 ) (130,889 )
Balance at 31 December 2021 400 3,632,467 3,632,867

Changes in equity
Profit for the period - 954,373 954,373
Total comprehensive income - 954,373 954,373
Dividends - (144,212 ) (144,212 )
Balance at 31 March 2023 400 4,442,628 4,443,028

BATEMAN SKIPS LIMITED (REGISTERED NUMBER: 04934307)

Consolidated Cash Flow Statement
FOR THE PERIOD 1 JANUARY 2022 TO 31 MARCH 2023

Period
1.1.22
to Year Ended
31.3.23 31.12.21
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 1,600,259 1,936,748
Interest paid - (1,480 )
Interest element of hire purchase payments
paid

(54,659

)

(70,862

)
Tax paid (106,519 ) (34,147 )
Taxation refund - 70,541
Net cash from operating activities 1,439,081 1,900,800

Cash flows from investing activities
Purchase of tangible fixed assets (818,969 ) (229,774 )
Sale of tangible fixed assets 137,825 67,200
Interest received 579 643
Net cash from investing activities (680,565 ) (161,931 )

Cash flows from financing activities
Loan repayments in year (250,000 ) (50,000 )
Capital repayments in year (1,027,809 ) (962,838 )
Amount introduced by directors - 57,678
Amount withdrawn by directors (52,411 ) (13,993 )
Equity dividends paid (144,212 ) (130,889 )
Net cash from financing activities (1,474,432 ) (1,100,042 )

(Decrease)/increase in cash and cash equivalents (715,916 ) 638,827
Cash and cash equivalents at beginning of
period

2

1,977,463

1,338,636

Cash and cash equivalents at end of
period

2

1,261,547

1,977,463

BATEMAN SKIPS LIMITED (REGISTERED NUMBER: 04934307)

Notes to the Consolidated Cash Flow Statement
FOR THE PERIOD 1 JANUARY 2022 TO 31 MARCH 2023


1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM
OPERATIONS
Period
1.1.22
to Year Ended
31.3.23 31.12.21
£    £   
Profit before taxation 1,276,362 1,547,986
Depreciation charges 692,588 596,277
Profit on disposal of fixed assets (45,338 ) (4,680 )
Tax paid - 1,631
Finance costs 54,659 72,342
Finance income (579 ) (643 )
1,977,692 2,212,913
Increase in trade and other debtors (312,673 ) (147,185 )
Decrease in trade and other creditors (64,760 ) (128,980 )
Cash generated from operations 1,600,259 1,936,748

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Period ended 31 March 2023
31.3.23 1.1.22
£    £   
Cash and cash equivalents 1,261,547 1,977,463
Year ended 31 December 2021
31.12.21 1.1.21
£    £   
Cash and cash equivalents 1,977,463 1,338,636


BATEMAN SKIPS LIMITED (REGISTERED NUMBER: 04934307)

Notes to the Consolidated Cash Flow Statement
FOR THE PERIOD 1 JANUARY 2022 TO 31 MARCH 2023


3. ANALYSIS OF CHANGES IN NET FUNDS

Other
non-cash
At 1.1.22 Cash flow changes At 31.3.23
£    £    £    £   
Net cash
Cash at bank
and in hand 1,977,463 (715,916 ) 1,261,547
1,977,463 (715,916 ) 1,261,547
Debt
Finance leases (1,397,878 ) 1,027,809 (205,000 ) (554,569 )
Debts falling due
within 1 year (37,500 ) 37,500 - -
Debts falling due
after 1 year (212,500 ) 212,500 - -
(1,647,878 ) 1,277,809 (205,000 ) (554,569 )
Total 329,585 561,893 (205,000 ) 706,978

BATEMAN SKIPS LIMITED (REGISTERED NUMBER: 04934307)

Notes to the Consolidated Financial Statements
FOR THE PERIOD 1 JANUARY 2022 TO 31 MARCH 2023


1. COMPANY INFORMATION

Bateman Skips Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the General Information page.

The company's principal activities and nature of its operations are disclosed in the Directors' Report.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared on the historical cost convention, subject to the revaluation of certain fixed assets. The principal accounting policies adopted are set out below:

Going concern
The financial statements have been prepared on a going concern basis. The directors have reviewed relevant information and has considered possible measures that could be undertaken to mitigate the current adverse conditions. Based on this assessment and the current resources available, the directors have concluded that they can continue to adopt the going concern basis in preparing the financial statements.

Basis of consolidation
The consolidated financial statements incorporate the financial statements of the company and its subsidiary undertakings using the equity method. As a consolidated profit and loss account is published, a separate profit and loss account for the parent company is omitted from the group financial statements by virtue of section 408 of the Companies Act 2006.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Transactions between group entities which have been eliminated on consolidation are not disclosed within the financial statements.

Significant judgements and estimates
Impairment of debtors
On a periodic basis management makes an estimation of the recoverability of debtors. Management makes such estimations based on the credit rating of debtors, the ageing profile, and historical experience. Due to effectiveness of the company's credit control procedures it is uncommon for bad debts to be provided for.

Tangible fixed assets
Tangible fixed assets are depreciated over their estimated useful lives. The actual lives of the assets are assessed annually by the directors and may vary depending on a number of factors. In re-assessing asset lives, factors such as technological innovation and maintenance programmes are taken into account.

BATEMAN SKIPS LIMITED (REGISTERED NUMBER: 04934307)

Notes to the Consolidated Financial Statements - continued
FOR THE PERIOD 1 JANUARY 2022 TO 31 MARCH 2023


2. ACCOUNTING POLICIES - continued

Critical accounting judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are outlined below.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of discounts, VAT and other sales related taxes. Turnover is recognised once a skip has been delivered to the customer's address.

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

-
Buildings are depreciated at 5% on reducing balance. The value of land is not
depreciated, but subject to periodic impairment review.
Plant and machinery-20% on reducing balance
Fixtures and fittings-20% on reducing balance
Motor vehicles-Heavy Goods Vehicles 12.5% on reducing balance, Light Goods Vehicles 10%
on reducing balance
Computer equipment-25% on reducing balance
Skips included within
plant and machinery

-

5% on reducing balance

BATEMAN SKIPS LIMITED (REGISTERED NUMBER: 04934307)

Notes to the Consolidated Financial Statements - continued
FOR THE PERIOD 1 JANUARY 2022 TO 31 MARCH 2023


2. ACCOUNTING POLICIES - continued

Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets, which include trade and other debtors, amounts due from group undertakings and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost. Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Basic financial liabilities, including trade and other creditors and amounts due to group undertakings are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Financial liabilities are derecognised when, and only when, the company's contractual obligations are discharged, cancelled, or they expire.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Consolidated Statement of Comprehensive Income, 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.

BATEMAN SKIPS LIMITED (REGISTERED NUMBER: 04934307)

Notes to the Consolidated Financial Statements - continued
FOR THE PERIOD 1 JANUARY 2022 TO 31 MARCH 2023


2. ACCOUNTING POLICIES - continued

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


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

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

Pension costs and other post-retirement benefits
The group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.

Investments in subsidiary undertakings
Investments in subsidiary undertakings are recognised at cost less impairment.

3. EMPLOYEES AND DIRECTORS
Period
1.1.22
to Year Ended
31.3.23 31.12.21
£    £   
Wages and salaries 2,794,208 2,202,725
Social security costs 2,001 1,518
2,796,209 2,204,243

The average number of employees during the period was as follows:
Period
1.1.22
to Year Ended
31.3.23 31.12.21

Directors 3 3
Staff 61 69
64 72

The average number of employees by undertakings that were proportionately consolidated during the period was 1 (2021 - 1 ) .

BATEMAN SKIPS LIMITED (REGISTERED NUMBER: 04934307)

Notes to the Consolidated Financial Statements - continued
FOR THE PERIOD 1 JANUARY 2022 TO 31 MARCH 2023


3. EMPLOYEES AND DIRECTORS - continued

Period
1.1.22
to Year Ended
31.3.23 31.12.21
£    £   
Directors' remuneration 46,875 37,500

4. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

Period
1.1.22
to Year Ended
31.3.23 31.12.21
£    £   
Depreciation - owned assets 245,919 165,082
Depreciation - assets on hire purchase contracts 446,671 431,196
Profit on disposal of fixed assets (45,338 ) (4,680 )
Auditors' remuneration 10,000 8,000
Auditors' remuneration for non audit work 25,558 20,286

5. INTEREST PAYABLE AND SIMILAR EXPENSES
Period
1.1.22
to Year Ended
31.3.23 31.12.21
£    £   
Bank loan interest - 1,480
Hire purchase 54,659 70,862
54,659 72,342

BATEMAN SKIPS LIMITED (REGISTERED NUMBER: 04934307)

Notes to the Consolidated Financial Statements - continued
FOR THE PERIOD 1 JANUARY 2022 TO 31 MARCH 2023


6. TAXATION

Analysis of the tax charge
The tax charge on the profit for the period was as follows:
Period
1.1.22
to Year Ended
31.3.23 31.12.21
£    £   
Current tax:
UK corporation tax 91,781 113,930
Deferred tax 177,491 252,427
Under/over provision for prior
period 4,001 6,374

Tax on profit 273,273 372,731

UK corporation tax has been charged at 19 % (2021 - 19 %).

Reconciliation of total tax charge included in profit and loss
The tax assessed for the period is higher than the standard rate of corporation tax in the UK. The difference is explained below:

Period
1.1.22
to Year Ended
31.3.23 31.12.21
£    £   
Profit before tax 1,276,362 1,547,986
Profit multiplied by the standard rate of corporation tax in the UK of 19
% (2021 - 19 %)

242,509

294,117

Effects of:
Expenses not deductible for tax purposes 6,655 (9,237 )
Utilisation of tax losses - (3,986 )
Adjustments to tax charge in respect of previous periods 4,001 6,374
Deferred tax on accelerated capital allowances using future rate of 25% 87,711 144,286
Research and development deduction (14,561 ) (26,283 )
Capital allowances superdeduction (53,042 ) (36,447 )
Deferred tax on other timing differences - (1,512 )
Depreciation on non-qualifying assets - 1,987
Deferred tax not recognised - 3,432
Total tax charge 273,273 372,731

7. INDIVIDUAL STATEMENT OF COMPREHENSIVE INCOME

As permitted by Section 408 of the Companies Act 2006, the Statement of Comprehensive Income of the parent company is not presented as part of these financial statements.


BATEMAN SKIPS LIMITED (REGISTERED NUMBER: 04934307)

Notes to the Consolidated Financial Statements - continued
FOR THE PERIOD 1 JANUARY 2022 TO 31 MARCH 2023


8. DIVIDENDS
Period
1.1.22
to Year Ended
31.3.23 31.12.21
£    £   
Ordinary shares of 1.00 each
Interim 144,212 130,889

9. TANGIBLE FIXED ASSETS

Group
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 January 2022 687,766 2,655,828 265,446
Additions - 962,235 13,851
Disposals (5,262 ) (70,000 ) -
At 31 March 2023 682,504 3,548,063 279,297
DEPRECIATION
At 1 January 2022 20,440 1,143,863 181,313
Charge for period 17,350 321,891 21,682
Eliminated on disposal (361 ) (44,673 ) -
At 31 March 2023 37,429 1,421,081 202,995
NET BOOK VALUE
At 31 March 2023 645,075 2,126,982 76,302
At 31 December 2021 667,326 1,511,965 84,133

BATEMAN SKIPS LIMITED (REGISTERED NUMBER: 04934307)

Notes to the Consolidated Financial Statements - continued
FOR THE PERIOD 1 JANUARY 2022 TO 31 MARCH 2023


9. TANGIBLE FIXED ASSETS - continued

Group

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2022 3,466,492 99,068 7,174,600
Additions 26,464 919 1,003,469
Disposals (93,171 ) - (168,433 )
At 31 March 2023 3,399,785 99,987 8,009,636
DEPRECIATION
At 1 January 2022 1,334,394 45,385 2,725,395
Charge for period 315,628 16,039 692,590
Eliminated on disposal (30,912 ) - (75,946 )
At 31 March 2023 1,619,110 61,424 3,342,039
NET BOOK VALUE
At 31 March 2023 1,780,675 38,563 4,667,597
At 31 December 2021 2,132,098 53,683 4,449,205

Included in the total net book value of fixed assets was £1,269,846 (2021 - £2,341,285) in respect of assets held under hire purchase contracts.

BATEMAN SKIPS LIMITED (REGISTERED NUMBER: 04934307)

Notes to the Consolidated Financial Statements - continued
FOR THE PERIOD 1 JANUARY 2022 TO 31 MARCH 2023


9. TANGIBLE FIXED ASSETS - continued

Company
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 January 2022 687,766 2,569,752 265,446
Additions - 962,235 13,851
Disposals (5,262 ) (70,000 ) -
At 31 March 2023 682,504 3,461,987 279,297
DEPRECIATION
At 1 January 2022 20,440 1,075,314 181,313
Charge for period 17,350 316,688 21,682
Eliminated on disposal (361 ) (44,673 ) -
At 31 March 2023 37,429 1,347,329 202,995
NET BOOK VALUE
At 31 March 2023 645,075 2,114,658 76,302
At 31 December 2021 667,326 1,494,438 84,133

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2022 3,358,544 99,068 6,980,576
Additions 26,464 919 1,003,469
Disposals (75,921 ) - (151,183 )
At 31 March 2023 3,309,087 99,987 7,832,862
DEPRECIATION
At 1 January 2022 1,254,685 45,385 2,577,137
Charge for period 308,022 16,039 679,781
Eliminated on disposal (17,794 ) - (62,828 )
At 31 March 2023 1,544,913 61,424 3,194,090
NET BOOK VALUE
At 31 March 2023 1,764,174 38,563 4,638,772
At 31 December 2021 2,103,859 53,683 4,403,439

Included in the total net book value of fixed assets was £1,269,846 (2021 - £2,341,285) in respect of assets held under hire purchase contracts.

BATEMAN SKIPS LIMITED (REGISTERED NUMBER: 04934307)

Notes to the Consolidated Financial Statements - continued
FOR THE PERIOD 1 JANUARY 2022 TO 31 MARCH 2023


10. FIXED ASSET INVESTMENTS

Company
Shares in
group
undertakings
£   
COST
At 1 January 2022
and 31 March 2023 129,300
NET BOOK VALUE
At 31 March 2023 129,300
At 31 December 2021 129,300

The group or the company's investments at the Balance Sheet date in the share capital of companies include the following:

Subsidiary

Affordable Skip Hire Bristol Limited
Registered office: Broadmead Lane, Keynsham, Bristol, BS31 1ST
Nature of business: Skip hire
%
Class of shares: holding
Ordinary A 100.00
2023 2021
£    £   
Aggregate capital and reserves 245,854 197,139
Profit for the period/year 48,715 50,392

The subsidiary undertaking has taken advantage of the exemption in S479A of the Companies Act 2006 not to be individually audited on the basis that the group financial statements are audited.


11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2023 2021 2023 2021
£    £    £    £   
Trade debtors 1,052,981 715,052 1,023,556 698,286
Amounts owed by group undertakings - - 19,208 36,824
Other debtors 4,000 4,000 4,000 4,000
Prepayments 27,177 52,433 27,177 52,433
1,084,158 771,485 1,073,941 791,543

BATEMAN SKIPS LIMITED (REGISTERED NUMBER: 04934307)

Notes to the Consolidated Financial Statements - continued
FOR THE PERIOD 1 JANUARY 2022 TO 31 MARCH 2023


12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2023 2021 2023 2021
£    £    £    £   
Bank loans and overdrafts (see note 14) - 37,500 - 37,500
Hire purchase contracts (see note 15) 403,045 835,533 403,045 835,533
Trade creditors 683,754 515,517 683,019 514,576
Tax 91,796 113,930 75,216 97,869
Social security and other tax 46,097 34,700 46,097 34,700
VAT 39,059 205,349 50,716 200,373
Other creditors 15,622 10,730 15,622 10,730
Directors' current accounts 58,370 110,780 58,370 110,780
Accrued expenses 55,780 123,346 50,900 121,036
1,393,523 1,987,385 1,382,985 1,963,097

13. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

Group Company
2023 2021 2023 2021
£    £    £    £   
Bank loans (see note 14) - 212,500 - 212,500
Hire purchase contracts (see note 15) 151,524 562,345 151,524 562,345
Other creditors 22,458 26,494 22,458 26,494
173,982 801,339 173,982 801,339

14. LOANS

An analysis of the maturity of loans is given below:

Group Company
2023 2021 2023 2021
£    £    £    £   
Amounts falling due within one year or on demand:
Bank loans - 37,500 - 37,500
Amounts falling due between one and two years:
Bank loans - 1-2 years - 212,500 - 212,500

BATEMAN SKIPS LIMITED (REGISTERED NUMBER: 04934307)

Notes to the Consolidated Financial Statements - continued
FOR THE PERIOD 1 JANUARY 2022 TO 31 MARCH 2023


15. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Group
Hire purchase contracts
2023 2021
£    £   
Net obligations repayable:
Within one year 403,045 835,533
Between one and five years 151,524 562,345
554,569 1,397,878

Company
Hire purchase contracts
2023 2021
£    £   
Net obligations repayable:
Within one year 403,045 835,533
Between one and five years 151,524 562,345
554,569 1,397,878

Group
Non-cancellable operating leases
2023 2021
£    £   
Within one year 4,245 34,212
Between one and five years - 16,680
4,245 50,892

Company
Non-cancellable operating leases
2023 2021
£    £   
Within one year 4,245 34,212
Between one and five years - 16,680
4,245 50,892

BATEMAN SKIPS LIMITED (REGISTERED NUMBER: 04934307)

Notes to the Consolidated Financial Statements - continued
FOR THE PERIOD 1 JANUARY 2022 TO 31 MARCH 2023


16. SECURED DEBTS

Bank loans and overdrafts totalling £Nil (2021 - £250,000) are secured by way of fixed and floating
charges in favour of the lender.

The hire purchase arrangements totalling £554,569 (2021 - £1,397,878) are secured by charges over the
assets to which they relate.

17. PROVISIONS FOR LIABILITIES

Group Company
2023 2021 2023 2021
£    £    £    £   
Deferred tax 886,214 708,723 879,008 708,723

Group
Deferred
tax
£   
Balance at 1 January 2022 708,723
Provided during period 177,491
Balance at 31 March 2023 886,214

Company
Deferred
tax
£   
Balance at 1 January 2022 708,723
Provided during period 170,285
Balance at 31 March 2023 879,008

18. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2021
value: £    £   
200 Ordinary 1.00 200 200
100 B 1.00 100 100
100 C 1.00 100 100
400 400

Ordinary A, B & C shares hold full voting rights and fully participate in any distribution.

BATEMAN SKIPS LIMITED (REGISTERED NUMBER: 04934307)

Notes to the Consolidated Financial Statements - continued
FOR THE PERIOD 1 JANUARY 2022 TO 31 MARCH 2023


19. RESERVES

Group
Retained
earnings
£   

At 1 January 2022 3,700,306
Profit for the period 1,003,089
Dividends (144,212 )
At 31 March 2023 4,559,183

Company
Retained
earnings
£   

At 1 January 2022 3,632,467
Profit for the period 954,373
Dividends (144,212 )
At 31 March 2023 4,442,628


20. PENSION COMMITMENTS

The company makes contributions to a number of employees' defined contribution pension schemes. The assets of these schemes are held in independently administered funds. During the period the company made contributions of £116,916 (2021: £84,848). There was £8,069 (2021: £6,046) of outstanding pension contributions at the balance sheet date.

21. RELATED PARTY DISCLOSURES

During the year, a total of key management personnel remuneration of £46,875 (2021: £39,018) was paid.

22. POST BALANCE SHEET EVENTS

The company had to suspend aspects of its operation as a result of an onsite accident between January 2024 and March 2024. The scope of any liability as a result of this event is unknown at this stage. The directors believe that there is no impact on the ability of the company to continue as a going concern.

23. ULTIMATE CONTROLLING PARTY

During the period the company was controlled by the Bateman family. On the 11th July 2023, the entire issued share capital of the company was acquired by RSK Environment Limited, with the ultimate controlling party being RSK Group Limited.