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REGISTERED NUMBER: 05438153 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

ALL-CLEAR SKIP HIRE LIMITED

ALL-CLEAR SKIP HIRE LIMITED (REGISTERED NUMBER: 05438153)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ALL-CLEAR SKIP HIRE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: W J Hedger
M W Hedger
P W J Hedger





REGISTERED OFFICE: Cordons Farm
Long Green
Cressing
Braintree
Essex
CM77 8DL





REGISTERED NUMBER: 05438153 (England and Wales)





ACCOUNTANTS: RE Group Accountants Limited
Chartered Certified Accountants
The Maltings
Rosemary Lane
Halstead
Essex
CO9 1HZ

ALL-CLEAR SKIP HIRE LIMITED (REGISTERED NUMBER: 05438153)

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,000 4,500
Tangible assets 5 252,083 287,215
255,083 291,715

CURRENT ASSETS
Debtors 6 35,793 44,761
Cash at bank 188,601 184,742
224,394 229,503
CREDITORS
Amounts falling due within one year 7 104,968 104,599
NET CURRENT ASSETS 119,426 124,904
TOTAL ASSETS LESS CURRENT LIABILITIES 374,509 416,619

CREDITORS
Amounts falling due after more than one
year

8

(72,483

)

(96,995

)

PROVISIONS FOR LIABILITIES (63,021 ) (54,571 )
NET ASSETS 239,005 265,053

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 238,705 264,753
SHAREHOLDERS' FUNDS 239,005 265,053

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

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

The directors acknowledge their 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.

ALL-CLEAR SKIP HIRE LIMITED (REGISTERED NUMBER: 05438153)

BALANCE SHEET - continued
31 MAY 2023


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 Board of Directors and authorised for issue on 10 January 2024 and were signed on its behalf by:





M W Hedger - Director


ALL-CLEAR SKIP HIRE LIMITED (REGISTERED NUMBER: 05438153)

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

1. STATUTORY INFORMATION

All-Clear Skip Hire 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 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 the value, excluding value added tax, of goods and services supplied to customers during the year.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Portacabins - 10% on cost
Plant and equipment - 10% on cost
Motor vehicles - 25% on reducing balance
Office equipment - 20% on cost

The assets residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

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.

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.

ALL-CLEAR SKIP HIRE LIMITED (REGISTERED NUMBER: 05438153)

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

2. ACCOUNTING POLICIES - continued

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 company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2022
and 31 May 2023 30,000
AMORTISATION
At 1 June 2022 25,500
Amortisation for year 1,500
At 31 May 2023 27,000
NET BOOK VALUE
At 31 May 2023 3,000
At 31 May 2022 4,500

ALL-CLEAR SKIP HIRE LIMITED (REGISTERED NUMBER: 05438153)

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

5. TANGIBLE FIXED ASSETS
Plant and Motor Office
Portacabins equipment vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2022 2,850 238,091 358,625 4,294 603,860
Additions - 15,593 16,499 391 32,483
At 31 May 2023 2,850 253,684 375,124 4,685 636,343
DEPRECIATION
At 1 June 2022 2,850 140,167 170,169 3,459 316,645
Charge for year - 17,488 49,865 262 67,615
At 31 May 2023 2,850 157,655 220,034 3,721 384,260
NET BOOK VALUE
At 31 May 2023 - 96,029 155,090 964 252,083
At 31 May 2022 - 97,924 188,456 835 287,215

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 June 2022
and 31 May 2023 155,315
DEPRECIATION
At 1 June 2022 59,109
Charge for year 24,052
At 31 May 2023 83,161
NET BOOK VALUE
At 31 May 2023 72,154
At 31 May 2022 96,206

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 22,407 31,008
Prepayments 13,386 13,753
35,793 44,761

ALL-CLEAR SKIP HIRE LIMITED (REGISTERED NUMBER: 05438153)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts (see note 9) 14,507 12,889
Trade creditors 23,253 22,367
Taxation and social security 39,956 37,757
Other creditors 17,252 21,586
104,968 104,599

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 24,167 34,172
Hire purchase contracts (see note 9) 48,316 62,823
72,483 96,995

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 14,507 12,889
Between one and five years 48,316 62,823
62,823 75,712

Non-cancellable operating leases
2023 2022
£    £   
Within one year 5,707 13,697
Between one and five years - 5,707
5,707 19,404

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 62,823 75,712

The hire purchase liabilities are secured on the relevant assets