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REGISTERED NUMBER: 05011536 (England and Wales)


















Unaudited Financial Statements

for the Year Ended 31st January 2024

for

Boulton Skip Hire Limited

Boulton Skip Hire Limited (Registered number: 05011536)






Contents of the Financial Statements
for the Year Ended 31st January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Boulton Skip Hire Limited

Company Information
for the Year Ended 31st January 2024







DIRECTOR: Miss E E Boulton





SECRETARY: Miss E E Boulton





REGISTERED OFFICE: Crossings Farm
Stone Road
Bramshall
Uttoxeter
Staffordshire
ST14 8SH





REGISTERED NUMBER: 05011536 (England and Wales)





ACCOUNTANTS: Rice & Co Limited
Chartered Accountants
14a Market Place
Uttoxeter
Staffordshire
ST14 8HP

Boulton Skip Hire Limited (Registered number: 05011536)

Balance Sheet
31st January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 41,615 18,800

CURRENT ASSETS
Debtors 5 16,553 24,856
Cash at bank 2,623 4,110
19,176 28,966
CREDITORS
Amounts falling due within one year 6 42,454 39,377
NET CURRENT LIABILITIES (23,278 ) (10,411 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,337

8,389

CREDITORS
Amounts falling due after more than one
year

7

(14,178

)

(3,765

)

PROVISIONS FOR LIABILITIES (7,907 ) (3,572 )
NET (LIABILITIES)/ASSETS (3,748 ) 1,052

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (3,848 ) 952
SHAREHOLDERS' FUNDS (3,748 ) 1,052

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Boulton Skip Hire Limited (Registered number: 05011536)

Balance Sheet - continued
31st January 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 director and authorised for issue on 31st October 2024 and were signed by:





Miss E E Boulton - Director


Boulton Skip Hire Limited (Registered number: 05011536)

Notes to the Financial Statements
for the Year Ended 31st January 2024

1. STATUTORY INFORMATION

Boulton 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 and value added tax. Turnover is recognised when the service has been completed resulting in the company obtaining the right to consideration.

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 cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

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.

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.

Boulton Skip Hire Limited (Registered number: 05011536)

Notes to the Financial Statements - continued
for the Year Ended 31st January 2024

2. ACCOUNTING POLICIES - continued

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 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st February 2023 225,009 1,737 58,851 1,706 287,303
Additions - - 42,000 - 42,000
Disposals - - (18,188 ) - (18,188 )
At 31st January 2024 225,009 1,737 82,663 1,706 311,115
DEPRECIATION
At 1st February 2023 213,229 1,732 52,195 1,347 268,503
Charge for year 7,782 - 7,083 162 15,027
Eliminated on disposal - - (14,030 ) - (14,030 )
At 31st January 2024 221,011 1,732 45,248 1,509 269,500
NET BOOK VALUE
At 31st January 2024 3,998 5 37,415 197 41,615
At 31st January 2023 11,780 5 6,656 359 18,800


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 8,399 10,834
Other debtors 8,154 14,022
16,553 24,856

Boulton Skip Hire Limited (Registered number: 05011536)

Notes to the Financial Statements - continued
for the Year Ended 31st January 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 8) 8,689 10,748
Trade creditors 7,572 10,330
Taxation and social security 3,617 16,324
Other creditors 22,576 1,975
42,454 39,377

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 8) 14,178 3,765

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Gross obligations repayable:
Within one year 10,741 11,394
Between one and five years 16,126 3,830
26,867 15,224

Finance charges repayable:
Within one year 2,052 646
Between one and five years 1,948 65
4,000 711

Net obligations repayable:
Within one year 8,689 10,748
Between one and five years 14,178 3,765
22,867 14,513

Boulton Skip Hire Limited (Registered number: 05011536)

Notes to the Financial Statements - continued
for the Year Ended 31st January 2024

8. LEASING AGREEMENTS - continued

Non-cancellable operating leases
2024 2023
£    £   
Within one year 32,201 32,201
Between one and five years 96,603 128,804
128,804 161,005

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 22,867 14,513

Hire purchase contracts are secured by a charge over the assets to which they relate.

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st January 2024 and 31st January 2023:

2024 2023
£    £   
Miss E E Boulton
Balance outstanding at start of year 13,633 5,272
Amounts advanced 1,365 18,961
Amounts repaid (35,500 ) (10,600 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (20,502 ) 13,633

Interest of £262 (2023 - £223) at rates of 2% and 2.25% (2023 - 2%) per annum was paid to the company in respect of these advances and there were no fixed terms for repayment.

11. RELATED PARTY DISCLOSURES

Included in creditors due within one year at 31st January 2024 is £20,502 (2023 - £nil) owed to the director of the company.