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REGISTERED NUMBER: 05472196 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Lelo Skip Hire Limited

Lelo Skip Hire Limited (Registered number: 05472196)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Lelo Skip Hire Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr A G Jones
Mr O L Jones





SECRETARY: Mr A G Jones





REGISTERED OFFICE: Graig Lelo Works
Bryn Saith Marchog
Corwen
Denbighshire
LL21 9RY





REGISTERED NUMBER: 05472196 (England and Wales)





ACCOUNTANTS: Dunn & Ellis Cyf
Chartered Accountants
Adeilad St David's Building
Stryd Lombard Street
Porthmadog
Gwynedd
LL49 9AP

Lelo Skip Hire Limited (Registered number: 05472196)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 321,986 310,954
321,986 310,954

CURRENT ASSETS
Debtors 6 65,343 42,784
Cash at bank 220,688 255,842
286,031 298,626
CREDITORS
Amounts falling due within one year 7 146,857 158,912
NET CURRENT ASSETS 139,174 139,714
TOTAL ASSETS LESS CURRENT
LIABILITIES

461,160

450,668

CREDITORS
Amounts falling due after more than one
year

8

-

(4,674

)

PROVISIONS FOR LIABILITIES (45,251 ) (38,884 )
NET ASSETS 415,909 407,110

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 415,809 407,010
SHAREHOLDERS' FUNDS 415,909 407,110

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Lelo Skip Hire Limited (Registered number: 05472196)

Balance Sheet - continued
31 December 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 29 July 2024 and were signed on its behalf by:





Mr O L Jones - Director


Lelo Skip Hire Limited (Registered number: 05472196)

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

1. STATUTORY INFORMATION

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of the business in 2006, was amortised evenly over it's estimated useful life of 10 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant & machinery - 20% Reducing balance
Fixtures & fittings - 20% Reducing balance
Motor vehicles - 20% Reducing balance

Fixed assets are stated at their cost prices, less accumulated depreciation and less amounts recognised in respect of impairment

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.

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

Lelo Skip Hire Limited (Registered number: 05472196)

Notes to the Financial Statements - continued
for the Year Ended 31 December 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 3 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 6,000
AMORTISATION
At 1 January 2023
and 31 December 2023 6,000
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 100,000 695,123 795,123
Additions - 66,529 66,529
At 31 December 2023 100,000 761,652 861,652
DEPRECIATION
At 1 January 2023 - 484,169 484,169
Charge for year - 55,497 55,497
At 31 December 2023 - 539,666 539,666
NET BOOK VALUE
At 31 December 2023 100,000 221,986 321,986
At 31 December 2022 100,000 210,954 310,954

The £100,000 refers to land at Graig Lelo Works, and is therefore not to be depreciated

Lelo Skip Hire Limited (Registered number: 05472196)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 65,343 38,215
Other debtors - 4,569
65,343 42,784

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Hire purchase contracts 4,674 7,729
Trade creditors 76,011 84,666
Taxation and social security 3,582 6,288
Other creditors 62,590 60,229
146,857 158,912

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Hire purchase contracts - 4,674

9. RELATED PARTY DISCLOSURES

The Directors loan account was in credit throughout the year and at the year end had a balance owing to the Director of £32,320 (£30,254 - 2022)

Other creditors include £20,000 owed to T G Jones (Llety) Ltd, a company in which Mr A G Jones & O L Jones are directors.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Lelo Skip Hire Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Lelo Skip Hire Limited for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Lelo Skip Hire Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Lelo Skip Hire Limited and state those matters that we have agreed to state to the Board of Directors of Lelo Skip Hire Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Lelo Skip Hire Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Lelo Skip Hire Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Lelo Skip Hire Limited. You consider that Lelo Skip Hire Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Lelo Skip Hire Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Dunn & Ellis Cyf
Chartered Accountants
Adeilad St David's Building
Stryd Lombard Street
Porthmadog
Gwynedd
LL49 9AP


Date: .............................................