Registered number
03508428
Eco Skip Hire Ltd
Filleted Accounts
31 October 2023
Eco Skip Hire Ltd
Registered number: 03508428
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets - -
Tangible assets 3 30,778 36,725
Investments - -
30,778 36,725
Current assets
Stocks - -
Debtors 4 10,462 78,263
Investments held as current assets - -
Cash at bank and in hand 106,027 26,168
116,489 104,431
Creditors: amounts falling due within one year 5 (79,278) (85,294)
Net current assets 37,211 19,137
Total assets less current liabilities 67,989 55,862
Creditors: amounts falling due after more than one year 6 50,000 -
Provisions for liabilities - -
Net assets 117,989 55,862
Capital and reserves
Called up share capital 100 100
Share premium - -
Revaluation reserve - -
Profit and loss account 117,889 55,762
Shareholders' funds 117,989 55,862
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr V Brewin
Director
Approved by the board on 19 June 2024
Eco Skip Hire Ltd
Notes to the Accounts
for the year ended 31 October 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor Vehicles 20% Reducing Balance
Plant and machinery 15% Reducing Balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 5 5
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 November 2022 - 46,040 18,460 64,500
Additions - - - -
Surplus on revaluation - - - -
Disposals - - - -
At 31 October 2023 - 46,040 18,460 64,500
Depreciation
At 1 November 2022 - 18,098 9,677 27,775
Charge for the year - 4,191 1,756 5,947
Surplus on revaluation - - - -
On disposals - - - -
At 31 October 2023 - 22,289 11,433 33,722
Net book value
At 31 October 2023 - 23,751 7,027 30,778
At 31 October 2022 - 27,942 8,783 36,725
Freehold land and buildings: 2023 2022
£ £
Historical cost - -
Cumulative depreciation based on historical cost - -
- -
[For revalued assets, state the years in which the assets were valued and their values. For assets revalued during the reporting period, state the names of the persons who revalued them or particulars of their qualifications for doing so and the bases of valuation used by them.]
4 Debtors 2023 2022
£ £
Trade debtors 10,462 72,293
Amounts owed by group undertakings and undertakings in which the company has a participating interest - -
Deferred tax asset - -
Other debtors - 5,970
10,462 78,263
Amounts due after more than one year included above - -
5 Creditors: amounts falling due within one year 2023 2022
£ £
Non-equity preference shares - -
Bank loans and overdrafts - -
Obligations under finance lease and hire purchase contracts - -
Trade creditors 112 184
Amounts owed to group undertakings and undertakings in which the company has a participating interest - -
Taxation and social security costs 19,907 15,123
Other creditors 59,259 69,987
79,278 85,294
6 Creditors: amounts falling due after one year 2023 2022
£ £
Non-equity preference shares - -
Bank loans - -
Obligations under finance lease and hire purchase contracts - -
Trade creditors - -
Amounts owed to group undertakings and undertakings in which the company has a participating interest - -
Other creditors (50,000) -
(50,000) -
7 Other information
Eco Skip Hire Ltd is a private company limited by shares and incorporated in England. Its registered office is:
End of the Line
Pool Street
Church Gresley
Derby
DE11 8EE
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