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REGISTERED NUMBER: 04138381 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

BUDGET SKIP SERVICES LIMITED

BUDGET SKIP SERVICES LIMITED (REGISTERED NUMBER: 04138381)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


BUDGET SKIP SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: Mrs A R Kennell
Miss M J Kennell
Miss S Kennell





SECRETARY: Miss M J Kennell





REGISTERED OFFICE: 34 Waterloo Road
Wolverhampton
West Midlands
WV1 4DG





BUSINESS ADDRESS: Crondal Road
Bayton Road Industrial Estate
Coventry
Warwickshire
CV7 9NH





REGISTERED NUMBER: 04138381 (England and Wales)





ACCOUNTANTS: Crombies Accountants Limited
Chartered Accountants
34 Waterloo Road
Wolverhampton
West Midlands
WV1 4DG

BUDGET SKIP SERVICES LIMITED (REGISTERED NUMBER: 04138381)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 989,601 822,607

CURRENT ASSETS
Debtors 5 1,389,047 1,449,188
Cash at bank and in hand 1,638,835 997,672
3,027,882 2,446,860
CREDITORS
Amounts falling due within one year 6 680,919 621,617
NET CURRENT ASSETS 2,346,963 1,825,243
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,336,564

2,647,850

CREDITORS
Amounts falling due after more than one year 7 17,946 48,891
NET ASSETS 3,318,618 2,598,959

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 3,318,518 2,598,859
SHAREHOLDERS' FUNDS 3,318,618 2,598,959

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

BUDGET SKIP SERVICES LIMITED (REGISTERED NUMBER: 04138381)

STATEMENT OF FINANCIAL POSITION - continued
30 JUNE 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 16 February 2024 and were signed on its behalf by:





Miss M J Kennell - Director


BUDGET SKIP SERVICES LIMITED (REGISTERED NUMBER: 04138381)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

Budget Skip Services 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.

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.

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.

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

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 and machinery etc - 25% on reducing balance and 15% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

BUDGET SKIP SERVICES LIMITED (REGISTERED NUMBER: 04138381)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

2. ACCOUNTING POLICIES - continued

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 51 (2022 - 50 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2022 - 2,269,700 2,269,700
Additions 18,515 374,645 393,160
At 30 June 2023 18,515 2,644,345 2,662,860
DEPRECIATION
At 1 July 2022 - 1,447,093 1,447,093
Charge for year - 226,166 226,166
At 30 June 2023 - 1,673,259 1,673,259
NET BOOK VALUE
At 30 June 2023 18,515 971,086 989,601
At 30 June 2022 - 822,607 822,607

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 July 2022 171,450
Additions 48,500
At 30 June 2023 219,950
DEPRECIATION
At 1 July 2022 25,046
Charge for year 44,727
At 30 June 2023 69,773
NET BOOK VALUE
At 30 June 2023 150,177
At 30 June 2022 146,404

BUDGET SKIP SERVICES LIMITED (REGISTERED NUMBER: 04138381)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 343,491 313,290
Other debtors 1,045,556 1,135,898
1,389,047 1,449,188

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 81,196 124,681
Trade creditors 211,729 152,171
Taxation and social security 374,047 324,305
Other creditors 13,947 20,460
680,919 621,617

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 17,946 48,891

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 99,142 173,572

Hire purchase creditors are secured by a charge over the assets to which they relate.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary shares £1 100 100