IRIS Accounts Production v24.2.0.383 03728919 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false false true false Ordinary 1.00000 ordinary 0.01000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh037289192023-03-31037289192024-03-31037289192023-04-012024-03-31037289192022-03-31037289192022-04-012023-03-31037289192023-03-3103728919ns15:EnglandWales2023-04-012024-03-3103728919ns14:PoundSterling2023-04-012024-03-3103728919ns10:Director12023-04-012024-03-3103728919ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3103728919ns10:SmallEntities2023-04-012024-03-3103728919ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3103728919ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3103728919ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3103728919ns10:FullAccounts2023-04-012024-03-310372891912023-04-012024-03-3103728919ns10:OrdinaryShareClass12023-04-012024-03-3103728919ns10:OrdinaryShareClass22023-04-012024-03-3103728919ns10:Director22023-04-012024-03-3103728919ns10:Director32023-04-012024-03-3103728919ns10:Director42023-04-012024-03-3103728919ns10:RegisteredOffice2023-04-012024-03-3103728919ns5:CurrentFinancialInstruments2024-03-3103728919ns5:CurrentFinancialInstruments2023-03-3103728919ns5:Non-currentFinancialInstruments2024-03-3103728919ns5:Non-currentFinancialInstruments2023-03-3103728919ns5:ShareCapital2024-03-3103728919ns5:ShareCapital2023-03-3103728919ns5:RetainedEarningsAccumulatedLosses2024-03-3103728919ns5:RetainedEarningsAccumulatedLosses2023-03-3103728919ns5:NetGoodwill2023-04-012024-03-3103728919ns5:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3103728919ns5:PlantMachinery2023-04-012024-03-3103728919ns5:FurnitureFittings2023-04-012024-03-3103728919ns5:MotorVehicles2023-04-012024-03-3103728919ns5:NetGoodwill2023-03-3103728919ns5:NetGoodwill2024-03-3103728919ns5:NetGoodwill2023-03-3103728919ns5:LandBuildings2023-03-3103728919ns5:LeaseholdImprovements2023-03-3103728919ns5:PlantMachinery2023-03-3103728919ns5:LandBuildings2023-04-012024-03-3103728919ns5:LeaseholdImprovements2023-04-012024-03-3103728919ns5:LandBuildings2024-03-3103728919ns5:LeaseholdImprovements2024-03-3103728919ns5:PlantMachinery2024-03-3103728919ns5:LandBuildings2023-03-3103728919ns5:LeaseholdImprovements2023-03-3103728919ns5:PlantMachinery2023-03-3103728919ns5:FurnitureFittings2023-03-3103728919ns5:MotorVehicles2023-03-3103728919ns5:FurnitureFittings2024-03-3103728919ns5:MotorVehicles2024-03-3103728919ns5:FurnitureFittings2023-03-3103728919ns5:MotorVehicles2023-03-3103728919ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-03-3103728919ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-03-3103728919ns5:LeasedAssetsHeldAsLessee2023-03-3103728919ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-04-012024-03-3103728919ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-04-012024-03-3103728919ns5:LeasedAssetsHeldAsLessee2023-04-012024-03-3103728919ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-03-3103728919ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-03-3103728919ns5:LeasedAssetsHeldAsLessee2024-03-3103728919ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-03-3103728919ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-03-3103728919ns5:LeasedAssetsHeldAsLessee2023-03-3103728919ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3103728919ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3103728919ns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3103728919ns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3103728919ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2024-03-3103728919ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-03-3103728919ns5:HirePurchaseContracts2024-03-3103728919ns5:HirePurchaseContracts2023-03-3103728919ns5:WithinOneYear2024-03-3103728919ns5:WithinOneYear2023-03-3103728919ns5:BetweenOneFiveYears2024-03-3103728919ns5:BetweenOneFiveYears2023-03-3103728919ns5:AllPeriods2024-03-3103728919ns5:AllPeriods2023-03-3103728919ns5:DeferredTaxation2023-03-3103728919ns5:DeferredTaxation2023-04-012024-03-3103728919ns5:DeferredTaxation2024-03-3103728919ns10:OrdinaryShareClass22024-03-31
















BURTON SKIP HIRE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






BURTON SKIP HIRE LIMITED (REGISTERED NUMBER: 03728919)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BURTON SKIP HIRE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mrs S J Louch
Mrs D A Sherratt
D W Sherratt
D C Sherratt





REGISTERED OFFICE: The Cottage
Rough Hayes Needwood
Burton Upon Trent
Staffordshire
DE13 9PX





REGISTERED NUMBER: 03728919 (England and Wales)





ACCOUNTANTS: Sibbalds Limited
Chartered Accountants and Business Advisers
Oakhurst House
57 Ashbourne Road
Derby
Derbyshire
DE22 3FS

BURTON SKIP HIRE LIMITED (REGISTERED NUMBER: 03728919)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 656,922 802,919
656,922 802,919

CURRENT ASSETS
Debtors 6 299,872 247,813
Cash at bank and in hand 470,475 262,867
770,347 510,680
CREDITORS
Amounts falling due within one year 7 490,380 379,143
NET CURRENT ASSETS 279,967 131,537
TOTAL ASSETS LESS CURRENT LIABILITIES 936,889 934,456

CREDITORS
Amounts falling due after more than one
year

8

(112,563

)

(211,535

)

PROVISIONS FOR LIABILITIES 11 (329,784 ) (212,596 )
NET ASSETS 494,542 510,325

CAPITAL AND RESERVES
Called up share capital 12 2 2
Retained earnings 494,540 510,323
SHAREHOLDERS' FUNDS 494,542 510,325

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

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

BURTON SKIP HIRE LIMITED (REGISTERED NUMBER: 03728919)

BALANCE SHEET - continued
31 MARCH 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 August 2024 and were signed on its behalf by:





Mrs D A Sherratt - Director


BURTON SKIP HIRE LIMITED (REGISTERED NUMBER: 03728919)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Burton 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of five 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


BURTON SKIP HIRE LIMITED (REGISTERED NUMBER: 03728919)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


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 18 (2023 - 19 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 110,000
AMORTISATION
At 1 April 2023
and 31 March 2024 110,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

BURTON SKIP HIRE LIMITED (REGISTERED NUMBER: 03728919)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 April 2023 187,550 41,968 1,422,199
Additions - - -
Disposals - - (36,250 )
At 31 March 2024 187,550 41,968 1,385,949
DEPRECIATION
At 1 April 2023 - - 902,872
Charge for year - - 128,523
Eliminated on disposal - - (31,008 )
At 31 March 2024 - - 1,000,387
NET BOOK VALUE
At 31 March 2024 187,550 41,968 385,562
At 31 March 2023 187,550 41,968 519,327

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 April 2023 31,398 79,443 1,762,558
Additions 881 - 881
Disposals - - (36,250 )
At 31 March 2024 32,279 79,443 1,727,189
DEPRECIATION
At 1 April 2023 21,080 35,687 959,639
Charge for year 2,174 10,939 141,636
Eliminated on disposal - - (31,008 )
At 31 March 2024 23,254 46,626 1,070,267
NET BOOK VALUE
At 31 March 2024 9,025 32,817 656,922
At 31 March 2023 10,318 43,756 802,919

BURTON SKIP HIRE LIMITED (REGISTERED NUMBER: 03728919)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2023 258,876 79,443 338,319
Transfer to ownership (189,120 ) - (189,120 )
Reclassification/transfer 194,349 - 194,349
At 31 March 2024 264,105 79,443 343,548
DEPRECIATION
At 1 April 2023 125,017 35,687 160,704
Charge for year 58,793 10,939 69,732
Transfer to ownership (123,564 ) - (123,564 )
Reclassification/transfer 27,486 - 27,486
At 31 March 2024 87,732 46,626 134,358
NET BOOK VALUE
At 31 March 2024 176,373 32,817 209,190
At 31 March 2023 133,859 43,756 177,615

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 113,837 108,058
Other debtors 186,035 139,755
299,872 247,813

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 9,505
Hire purchase contracts (see note 9) 69,578 66,728
Trade creditors 289,631 278,867
Taxation and social security 111,073 19,136
Other creditors 10,098 4,907
490,380 379,143

BURTON SKIP HIRE LIMITED (REGISTERED NUMBER: 03728919)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 19,661 30,156
Hire purchase contracts (see note 9) 92,902 181,379
112,563 211,535

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 69,578 66,728
Between one and five years 92,902 181,379
162,480 248,107

Non-cancellable operating leases
2024 2023
£    £   
Within one year 20,800 20,800
Between one and five years 62,400 83,200
83,200 104,000

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 162,480 248,107

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Deferred tax 78,900 87,000
Landfill Tax Charge 250,884 125,596
329,784 212,596

BURTON SKIP HIRE LIMITED (REGISTERED NUMBER: 03728919)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


11. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2023 212,596
Provided during year (8,100 )
Accelerated capital allowances
Landfill Tax Charge 125,288
Balance at 31 March 2024 329,784

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
NIL Ordinary 2 - 2
(2023 - 2 )
200 ordinary 1p 2 -
2 2