Limekiln Mells Limited 02509194 false 2022-07-01 2023-07-31 2023-07-31 The principal activity of the company is the hiring out of skips and disposal of the waste materials collected. Digita Accounts Production Advanced 6.30.9574.0 true true 02509194 2022-07-01 2023-07-31 02509194 2023-07-31 02509194 core:CurrentFinancialInstruments 2023-07-31 02509194 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 02509194 core:Goodwill 2023-07-31 02509194 core:FurnitureFittingsToolsEquipment 2023-07-31 02509194 core:LandBuildings 2023-07-31 02509194 core:MotorVehicles 2023-07-31 02509194 bus:SmallEntities 2022-07-01 2023-07-31 02509194 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-07-31 02509194 bus:FullAccounts 2022-07-01 2023-07-31 02509194 bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-07-31 02509194 bus:RegisteredOffice 2022-07-01 2023-07-31 02509194 bus:Director1 2022-07-01 2023-07-31 02509194 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-07-31 02509194 core:Goodwill 2022-07-01 2023-07-31 02509194 core:FurnitureFittingsToolsEquipment 2022-07-01 2023-07-31 02509194 core:LandBuildings 2022-07-01 2023-07-31 02509194 core:MotorVehicles 2022-07-01 2023-07-31 02509194 core:PlantMachinery 2022-07-01 2023-07-31 02509194 core:OtherRelatedParties 2022-07-01 2023-07-31 02509194 countries:EnglandWales 2022-07-01 2023-07-31 02509194 2022-06-30 02509194 core:Goodwill 2022-06-30 02509194 core:FurnitureFittingsToolsEquipment 2022-06-30 02509194 core:LandBuildings 2022-06-30 02509194 core:MotorVehicles 2022-06-30 02509194 2021-07-01 2022-06-30 02509194 2022-06-30 02509194 core:CurrentFinancialInstruments 2022-06-30 02509194 core:CurrentFinancialInstruments core:WithinOneYear 2022-06-30 02509194 core:FurnitureFittingsToolsEquipment 2022-06-30 02509194 core:LandBuildings 2022-06-30 02509194 core:MotorVehicles 2022-06-30 iso4217:GBP xbrli:pure

Registration number: 02509194

Limekiln Mells Limited

Annual Report and Unaudited Financial Statements

for the Period from 1 July 2022 to 31 July 2023

 

Limekiln Mells Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

Limekiln Mells Limited

(Registration number: 02509194)
Balance Sheet as at 31 July 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5

660,833

748,102

Current assets

 

Stocks

6

-

2,223

Debtors

7

692,992

268,428

Cash at bank and in hand

 

698,014

461,652

 

1,391,006

732,303

Creditors: Amounts falling due within one year

8

(511,114)

(229,807)

Net current assets

 

879,892

502,496

Total assets less current liabilities

 

1,540,725

1,250,598

Provisions for liabilities

(46,434)

(58,018)

Net assets

 

1,494,291

1,192,580

Capital and reserves

 

Called up share capital

104

100

Retained earnings

1,494,187

1,192,480

Shareholders' funds

 

1,494,291

1,192,580

For the financial period ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

 

Limekiln Mells Limited

(Registration number: 02509194)
Balance Sheet as at 31 July 2023

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 15 January 2024
 

.........................................
J E G Martin
Director

 

Limekiln Mells Limited

Notes to the Unaudited Financial Statements for the Period from 1 July 2022 to 31 July 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The company was formerly known as Western Skip Hire Limited.

The address of its registered office is:
44 Victory Road
West Wilts Trading Estate
Westbury
Wiltshire
BA13 4JL
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Limekiln Mells Limited

Notes to the Unaudited Financial Statements for the Period from 1 July 2022 to 31 July 2023

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Freehold land and buildings

2% on cost

Motor vehicles

25% reducing balance

Plant and machinery

25% reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

Equal annual instalments over its estimated economic life

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Limekiln Mells Limited

Notes to the Unaudited Financial Statements for the Period from 1 July 2022 to 31 July 2023

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 20 (2022 - 19).

 

Limekiln Mells Limited

Notes to the Unaudited Financial Statements for the Period from 1 July 2022 to 31 July 2023

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 July 2022

58,000

58,000

At 31 July 2023

58,000

58,000

Amortisation

At 1 July 2022

58,000

58,000

At 31 July 2023

58,000

58,000

Net book value

At 31 July 2023

-

-

5

Tangible assets

Land and buildings
£

Plant and machinery etc
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 July 2022

736,018

995,520

584,405

2,315,943

Additions

-

175,651

-

175,651

Disposals

-

(112,583)

(461,721)

(574,304)

At 31 July 2023

736,018

1,058,588

122,684

1,917,290

Depreciation

At 1 July 2022

303,737

828,024

436,080

1,567,841

Charge for the period

15,839

90,856

-

106,695

Eliminated on disposal

-

(104,683)

(313,396)

(418,079)

At 31 July 2023

319,576

814,197

122,684

1,256,457

Net book value

At 31 July 2023

416,442

244,391

-

660,833

At 30 June 2022

432,281

167,496

148,325

748,102

6

Stocks

2023
£

2022
£

Stock

-

2,223

 

Limekiln Mells Limited

Notes to the Unaudited Financial Statements for the Period from 1 July 2022 to 31 July 2023

7

Debtors

2023
£

2022
£

Trade debtors

242,787

221,382

Other debtors

385,911

9,825

Prepayments

64,294

37,221

692,992

268,428

8

Creditors

Amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

161,835

89,431

Taxation and social security

132,779

82,329

Accruals and deferred income

8,552

9,206

Other creditors

59,142

22,524

Corporation tax

148,806

26,317

511,114

229,807

9

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £138 (2022 - £332).

10

Related party transactions

Summary of transactions with other related parties


 During the year the company bought goods and services from a company of which the director of Limekiln Mells Limited is also a director. Purchase totalled £185,377 (2022 - £162,888) and the amount owed by Limekiln Mells Limited at the year end was £17,109 (2022 - £18,077).