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REGISTERED NUMBER: 03059806 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 May 2023

for

D.P. Skip Hire Limited

D.P. Skip Hire Limited (Registered number: 03059806)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


D.P. Skip Hire Limited (Registered number: 03059806)

Balance Sheet
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 7,693 4,575
Tangible assets 5 1,074,036 788,056
1,081,729 792,631

CURRENT ASSETS
Debtors 6 404,331 280,730
Cash at bank and in hand 109,463 58,445
513,794 339,175
CREDITORS
Amounts falling due within one year 7 576,030 453,595
NET CURRENT LIABILITIES (62,236 ) (114,420 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,019,493 678,211

CREDITORS
Amounts falling due after more than one year 8 (583,964 ) (359,777 )

PROVISIONS FOR LIABILITIES (204,177 ) (149,730 )
NET ASSETS 231,352 168,704

CAPITAL AND RESERVES
Called up share capital 14 14
Retained earnings 231,338 168,690
SHAREHOLDERS' FUNDS 231,352 168,704

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.

D.P. Skip Hire Limited (Registered number: 03059806)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 November 2023 and were signed on its behalf by:





Mr David Howell Price - Director


D.P. Skip Hire Limited (Registered number: 03059806)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

D.P. Skip Hire Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 03059806

Registered office: Ebenezer House
Ryecroft
Newcastle-under-Lyme
Staffordshire
ST5 2BE

The presentation currency of the financial statements is the Pound Sterling (£).


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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised as the company becomes entitled to consideration for the services supplied. Therefore, turnover also includes the element of work completed but not yet invoiced.

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.

Computer software is being amortised evenly over its estimated useful life of five years.

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.
Plant & machinery - 25% on reducing balance
Motor vehicles - 15% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


D.P. Skip Hire Limited (Registered number: 03059806)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

2. ACCOUNTING POLICIES - continued
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.

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 26 (2022 - 39 ) .

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 June 2022 11,436
Additions 6,757
At 31 May 2023 18,193
AMORTISATION
At 1 June 2022 6,861
Amortisation for year 3,639
At 31 May 2023 10,500
NET BOOK VALUE
At 31 May 2023 7,693
At 31 May 2022 4,575

D.P. Skip Hire Limited (Registered number: 03059806)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

5. TANGIBLE FIXED ASSETS
Improvements
to Plant & Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2022 44,649 298,749 1,005,407 3,609 1,352,414
Additions - 426,072 156,496 - 582,568
Disposals - (66,162 ) (69,790 ) - (135,952 )
At 31 May 2023 44,649 658,659 1,092,113 3,609 1,799,030
DEPRECIATION
At 1 June 2022 - 206,982 356,431 945 564,358
Charge for year - 124,974 115,149 667 240,790
Eliminated on disposal - (48,181 ) (31,973 ) - (80,154 )
At 31 May 2023 - 283,775 439,607 1,612 724,994
NET BOOK VALUE
At 31 May 2023 44,649 374,884 652,506 1,997 1,074,036
At 31 May 2022 44,649 91,767 648,976 2,664 788,056

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant & Motor
machinery vehicles Totals
£    £    £   
COST
At 1 June 2022 84,000 871,865 955,865
Additions 424,340 149,496 573,836
Disposals (56,000 ) (69,790 ) (125,790 )
At 31 May 2023 452,340 951,571 1,403,911
DEPRECIATION
At 1 June 2022 58,776 328,455 387,231
Charge for year 108,607 98,264 206,871
Eliminated on disposal (40,865 ) (31,973 ) (72,838 )
At 31 May 2023 126,518 394,746 521,264
NET BOOK VALUE
At 31 May 2023 325,822 556,825 882,647
At 31 May 2022 25,224 543,410 568,634

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 206,354 147,166
Amounts owed by group undertakings 137,697 114,266
Other debtors 60,280 19,298
404,331 280,730

D.P. Skip Hire Limited (Registered number: 03059806)

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 5,000 5,000
Hire purchase contracts 275,457 166,774
Trade creditors 120,909 147,824
Amounts owed to group undertakings 245 -
Taxation and social security 107,409 95,923
Other creditors 67,010 38,074
576,030 453,595

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 35,417 40,417
Hire purchase contracts 548,547 319,360
583,964 359,777

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 824,004 486,134

The obligations under hire purchase are secured against the asset to which they relate.

10. RELATED PARTY DISCLOSURES

Related parties are:
Moorview Group Limited - 100% parent company
D Price & Sons Limited - controlled by one of the shareholders of Moorview Group Limited

At the year end 31st May 2023 the following amounts were outstanding:
Moorview Group Limited owes £137,697 (2022: £79,961)
D Price & Sons Limited is owed £245 (2022: £34,305 - was owing to D.P. Skip Hire Limited)