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REGISTERED NUMBER: 05438153 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

ALL-CLEAR SKIP HIRE LIMITED

ALL-CLEAR SKIP HIRE LIMITED (REGISTERED NUMBER: 05438153)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ALL-CLEAR SKIP HIRE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: M W Hedger
P W J Hedger





REGISTERED OFFICE: Cordons Farm
Long Green
Cressing
Braintree
Essex
CM77 8DL





REGISTERED NUMBER: 05438153 (England and Wales)





ACCOUNTANTS: RE Group Accountants Limited
The Maltings
Rosemary Lane
Halstead
Essex
CO9 1HZ

ALL-CLEAR SKIP HIRE LIMITED (REGISTERED NUMBER: 05438153)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,500 3,000
Tangible assets 5 276,573 252,083
278,073 255,083

CURRENT ASSETS
Debtors 6 47,584 35,793
Cash at bank 160,797 188,601
208,381 224,394
CREDITORS
Amounts falling due within one year 7 87,337 104,968
NET CURRENT ASSETS 121,044 119,426
TOTAL ASSETS LESS CURRENT LIABILITIES 399,117 374,509

CREDITORS
Amounts falling due after more than one
year

8

(90,592

)

(72,483

)

PROVISIONS FOR LIABILITIES (69,143 ) (63,021 )
NET ASSETS 239,382 239,005

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 239,082 238,705
SHAREHOLDERS' FUNDS 239,382 239,005

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

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

ALL-CLEAR SKIP HIRE LIMITED (REGISTERED NUMBER: 05438153)

BALANCE SHEET - continued
31 MAY 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 28 October 2024 and were signed on its behalf by:





M W Hedger - Director


ALL-CLEAR SKIP HIRE LIMITED (REGISTERED NUMBER: 05438153)

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

1. STATUTORY INFORMATION

All-Clear 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 represents the value, excluding value added tax, of goods and services supplied to customers during the year.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of twenty 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.
Portacabins - 10% on cost
Plant and equipment - 10% on cost
Motor vehicles - 25% on reducing balance
Office equipment - 20% on cost

The assets residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

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.

ALL-CLEAR SKIP HIRE LIMITED (REGISTERED NUMBER: 05438153)

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

2. ACCOUNTING POLICIES - continued

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.

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 12 (2023 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 30,000
AMORTISATION
At 1 June 2023 27,000
Amortisation for year 1,500
At 31 May 2024 28,500
NET BOOK VALUE
At 31 May 2024 1,500
At 31 May 2023 3,000

ALL-CLEAR SKIP HIRE LIMITED (REGISTERED NUMBER: 05438153)

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

5. TANGIBLE FIXED ASSETS
Plant and Motor Office
Portacabins equipment vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2023 2,850 253,684 375,124 4,685 636,343
Additions - 248 109,000 366 109,614
Disposals - - (49,020 ) - (49,020 )
At 31 May 2024 2,850 253,932 435,104 5,051 696,937
DEPRECIATION
At 1 June 2023 2,850 157,655 220,034 3,721 384,260
Charge for year - 17,885 32,428 344 50,657
Eliminated on disposal - - (14,553 ) - (14,553 )
At 31 May 2024 2,850 175,540 237,909 4,065 420,364
NET BOOK VALUE
At 31 May 2024 - 78,392 197,195 986 276,573
At 31 May 2023 - 96,029 155,090 964 252,083

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 June 2023 155,315
Additions 109,000
Disposals (49,020 )
At 31 May 2024 215,295
DEPRECIATION
At 1 June 2023 83,161
Charge for year 11,693
Eliminated on disposal (14,553 )
At 31 May 2024 80,301
NET BOOK VALUE
At 31 May 2024 134,994
At 31 May 2023 72,154

ALL-CLEAR SKIP HIRE LIMITED (REGISTERED NUMBER: 05438153)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 25,515 22,407
Other debtors 7,218 -
Prepayments 14,851 13,386
47,584 35,793

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts (see note 9) 21,378 14,507
Trade creditors 26,818 23,253
Taxation and social security 13,944 39,956
Other creditors 15,197 17,252
87,337 104,968

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 14,167 24,167
Hire purchase contracts (see note 9) 76,425 48,316
90,592 72,483

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 21,378 14,507
Between one and five years 76,425 48,316
97,803 62,823

Non-cancellable operating leases
2024 2023
£    £   
Within one year - 5,707

ALL-CLEAR SKIP HIRE LIMITED (REGISTERED NUMBER: 05438153)

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

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 97,803 62,823

The hire purchase liabilities are secured on the relevant assets