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COMPANY REGISTRATION NUMBER: 03190357
HOLROYD SKIP HIRE LIMITED
Filleted Unaudited Financial Statements
30 April 2024
HOLROYD SKIP HIRE LIMITED
Financial Statements
Year ended 30 April 2024
Contents
Page
Officers and professional advisers
1
Statement of financial position
2
Notes to the financial statements
3
HOLROYD SKIP HIRE LIMITED
Officers and Professional Advisers
Director
Derek Holroyd
Company secretary
Millicent Feber
Registered office
Little End Farm
Moorside
Oldham
OL4 2NB
Accountants
HCF Accountants Ltd
Chartered Certified Accountants
Hinde Clough Farm
Overtown Lane
Red Lumb
Norden
Rochdale
England
OL12 7TU
Bankers
Barclays Bank Plc
25 High Street
Oldham
OL1 3AZ
HOLROYD SKIP HIRE LIMITED
Statement of Financial Position
30 April 2024
2024
2023
Note
£
£
£
Current assets
Debtors
5
446,898
367,254
Cash at bank and in hand
372,874
524,262
---------
---------
819,772
891,516
Creditors: amounts falling due within one year
6
426,114
392,342
---------
---------
Net current assets
393,658
499,174
---------
---------
Total assets less current liabilities
393,658
499,174
---------
---------
Net assets
393,658
499,174
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
393,558
499,074
---------
---------
Shareholder funds
393,658
499,174
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 12 September 2024 , and are signed on behalf of the board by:
Derek Holroyd
Director
Company registration number: 03190357
HOLROYD SKIP HIRE LIMITED
Notes to the Financial Statements
Year ended 30 April 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Little End Farm, Moorside, Oldham, OL4 2NB.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that it is probable the expenses recognised will be recovered.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Particulars of employees
The average number of persons employed by the company during the year amounted to 32 (2023: 31 ).
5. Debtors
2024
2023
£
£
Trade debtors
346,531
284,692
Amounts owed by group undertakings and undertakings in which the company has a participating interest
5,404
746
Other debtors
94,963
81,816
---------
---------
446,898
367,254
---------
---------
6. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
188,400
191,445
Corporation tax
114,828
78,616
Social security and other taxes
88,827
86,447
Other creditors
34,059
35,834
---------
---------
426,114
392,342
---------
---------
7. Related party transactions
The company was under the control of Mr Derek Holroyd throughout the current and previous year. Mr Derek Holroyd is the managing director and majority shareholder in the ultimate holding company Holroyd Asset Management Limited. During the year under review Holroyd Asset Management Limited provided management services to Holroyd Skip Hire Limited totalling £24,000 (2023 - £24,000) also Holroyd Asset Management Limited hired plant to Holroyd Skip Hire Limited totalling £120,000 (2023 - £120,000). At the balance sheet date £5,404 was due from Holroyd Asset Management Limited to Holroyd Skip Hire Ltd(2023 - £746). During the year under review Holroyd Skip Hire Limited paid dividends to Holroyd Asset Management Limited totalling £450,000 (2023 - £200,000).
8. Controlling party
Holroyd Skip Hire Limited is a wholly owned subsidiary of Holroyd Asset Management Limited a company incorporated in England & Wales.