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REGISTERED NUMBER: 12707205 (England and Wales)















P & HB Limited
Trading as
A1 Skip Hire

Unaudited Financial Statements for the Year Ended 30th June 2024






P & HB Limited (Registered number: 12707205)
Trading as A1 Skip Hire






Contents of the Financial Statements
for the Year Ended 30th June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


P & HB Limited
Trading as A1 Skip Hire

Company Information
for the Year Ended 30th June 2024







DIRECTORS: Mrs P J Bell
H Bell





REGISTERED OFFICE: Investment House
24 Vicarage Road
Winslow
Buckingham
Buckinghamshire
MK18 3BE





REGISTERED NUMBER: 12707205 (England and Wales)





ACCOUNTANTS: Courts Accountancy Services Ltd
Investment House
24 Vicarage Road
Winslow
Buckinghamshire
MK18 3BE

P & HB Limited (Registered number: 12707205)
Trading as A1 Skip Hire

Balance Sheet
30th June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 47,500 47,500
Tangible assets 5 37,163 47,218
84,663 94,718

CURRENT ASSETS
Debtors 6 66,205 49,669
Cash at bank 37,517 8,221
103,722 57,890
CREDITORS
Amounts falling due within one year 7 81,591 70,442
NET CURRENT ASSETS/(LIABILITIES) 22,131 (12,552 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

106,794

82,166

CREDITORS
Amounts falling due after more than
one year

8

105,306

128,402
NET ASSETS/(LIABILITIES) 1,488 (46,236 )

P & HB Limited (Registered number: 12707205)
Trading as A1 Skip Hire

Balance Sheet - continued
30th June 2024

30.6.24 30.6.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,486 (46,238 )
1,488 (46,236 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 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.

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 2nd October 2024 and were signed on its behalf by:




Mrs P J Bell - Director



H Bell - Director


P & HB Limited (Registered number: 12707205)
Trading as A1 Skip Hire

Notes to the Financial Statements
for the Year Ended 30th June 2024

1. STATUTORY INFORMATION

P & HB 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 2021, 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 etc - 20% on reducing balance

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.


P & HB Limited (Registered number: 12707205)
Trading as A1 Skip Hire

Notes to the Financial Statements - continued
for the Year Ended 30th June 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.

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 4 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st July 2023
and 30th June 2024 47,500
NET BOOK VALUE
At 30th June 2024 47,500
At 30th June 2023 47,500

P & HB Limited (Registered number: 12707205)
Trading as A1 Skip Hire

Notes to the Financial Statements - continued
for the Year Ended 30th June 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st July 2023 97,275
Additions 2,333
At 30th June 2024 99,608
DEPRECIATION
At 1st July 2023 50,057
Charge for year 12,388
At 30th June 2024 62,445
NET BOOK VALUE
At 30th June 2024 37,163
At 30th June 2023 47,218

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 66,205 49,669

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts - 166
Trade creditors 29,942 27,552
Taxation and social security 16,190 8,242
Other creditors 35,459 34,482
81,591 70,442

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans 105,306 128,402

P & HB Limited (Registered number: 12707205)
Trading as A1 Skip Hire

Notes to the Financial Statements - continued
for the Year Ended 30th June 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
30.6.24 30.6.23
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr 41,618 64,714