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REGISTERED NUMBER: 05929366 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

PM SKIP HIRE LIMITED

PM SKIP HIRE LIMITED (REGISTERED NUMBER: 05929366)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 29 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PM SKIP HIRE LIMITED

COMPANY INFORMATION
For The Year Ended 29 FEBRUARY 2024







DIRECTORS: Mr M Jefferies
Mrs P Jefferies



SECRETARY: Mrs P Jefferies



REGISTERED OFFICE: 45 Greenways
Abbots Langley
Watford
Hertfordshire
WD5 0EU



REGISTERED NUMBER: 05929366 (England and Wales)



ACCOUNTANTS: Visana Chartered Accountants
45 Greenways
Abbots Langley
Hertfordshire
WD5 0EU



BUSINESS ADDRESS: 28 Derek Avenue
West Ewell
Surrey
KT19 9HR

PM SKIP HIRE LIMITED (REGISTERED NUMBER: 05929366)

BALANCE SHEET
29 FEBRUARY 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 400 400
Tangible assets 5 1,391,405 1,336,193
Investments 6 30,000 30,000
1,421,805 1,366,593

CURRENT ASSETS
Debtors 7 310,150 373,616
Cash at bank 98,764 123,174
408,914 496,790
CREDITORS
Amounts falling due within one year 8 217,562 300,536
NET CURRENT ASSETS 191,352 196,254
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,613,157

1,562,847

CREDITORS
Amounts falling due after more than one
year

9

285,566

326,977
NET ASSETS 1,327,591 1,235,870

CAPITAL AND RESERVES
Called up share capital 10 100,000 100,000
Retained earnings 11 1,227,591 1,135,870
SHAREHOLDERS' FUNDS 1,327,591 1,235,870

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

PM SKIP HIRE LIMITED (REGISTERED NUMBER: 05929366)

BALANCE SHEET - continued
29 FEBRUARY 2024


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 14 August 2024 and were signed on its behalf by:





Mr M Jefferies - Director


PM SKIP HIRE LIMITED (REGISTERED NUMBER: 05929366)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 29 FEBRUARY 2024

1. STATUTORY INFORMATION

Pm 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 a business in 2007, is being amortised evenly over its estimated useful life of ten years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

Freehold property depreciation
No depreciation provision has been made on Freehold Property due to high content of cost relating to Land in the total cost .Directors are of the opinion that the Freehold building will retain its value in the forseeable future as a result of regular upkeep and maintenace program .

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 17 ) .

PM SKIP HIRE LIMITED (REGISTERED NUMBER: 05929366)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 29 FEBRUARY 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 29,000
AMORTISATION
At 1 March 2023
and 29 February 2024 28,600
NET BOOK VALUE
At 29 February 2024 400
At 28 February 2023 400

5. TANGIBLE FIXED ASSETS
Fixtures,
Freehold Plant and fittings Motor
property machinery & Equipment vehicles Totals
£    £    £    £    £   
COST
At 1 March 2023 651,096 1,466,827 15,271 1,000 2,134,194
Additions - 390,000 - - 390,000
Disposals - (409,988 ) - - (409,988 )
At 29 February 2024 651,096 1,446,839 15,271 1,000 2,114,206
DEPRECIATION
At 1 March 2023 - 782,094 14,908 999 798,001
Charge for year - 207,223 - - 207,223
Eliminated on disposal - (282,423 ) - - (282,423 )
At 29 February 2024 - 706,894 14,908 999 722,801
NET BOOK VALUE
At 29 February 2024 651,096 739,945 363 1 1,391,405
At 28 February 2023 651,096 684,733 363 1 1,336,193

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 March 2023
and 29 February 2024 30,000
NET BOOK VALUE
At 29 February 2024 30,000
At 28 February 2023 30,000

PM SKIP HIRE LIMITED (REGISTERED NUMBER: 05929366)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 29 FEBRUARY 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 107,500 173,250
Other Debtors 171,650 170,704
Prepayments 31,000 29,662
310,150 373,616

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Hire purchase contracts 101,748 93,074
Trade creditors 31,954 33,975
Corporation Tax 12,776 40,062
PAYE 12,584 16,170
VAT 33,443 37,312
Other Creditors 24,953 79,943
Payroll Balance 104 -
217,562 300,536

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Mortgage Loan 204,127 232,724
Hire purchase contracts 81,439 59,410
Loan Creditor - 34,843
285,566 326,977

Amounts falling due in more than five years:

Repayable by instalments
Mortgage Loan 204,127 232,724

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
100 Ordinary 1 100,000 100,000

PM SKIP HIRE LIMITED (REGISTERED NUMBER: 05929366)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 29 FEBRUARY 2024

11. RESERVES
Retained
earnings
£   

At 1 March 2023 1,135,870
Profit for the year 127,721
Dividends (36,000 )
At 29 February 2024 1,227,591