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REGISTERED NUMBER: 06234124 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Suction Excavator Hire Limited

Suction Excavator Hire Limited (Registered number: 06234124)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Suction Excavator Hire Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: S Conroy





SECRETARY: Mrs D Conroy





REGISTERED OFFICE: Acorn House
85 Wainfleet Road
Skegness
PE25 2EL





REGISTERED NUMBER: 06234124 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
Northgate House
Northgate
Sleaford
Lincolnshire
NG34 7BZ

Suction Excavator Hire Limited (Registered number: 06234124)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 44,070 63

CURRENT ASSETS
Stocks 41,000 67,000
Debtors 5 467,043 364,767
Cash at bank 68,511 40,133
576,554 471,900
CREDITORS
Amounts falling due within one year 6 420,115 361,954
NET CURRENT ASSETS 156,439 109,946
TOTAL ASSETS LESS CURRENT
LIABILITIES

200,509

110,009

CREDITORS
Amounts falling due after more than one
year

7

95,353

62,500
NET ASSETS 105,156 47,509

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 105,155 47,508
SHAREHOLDERS' FUNDS 105,156 47,509

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 16 November 2024 and were signed by:





S Conroy - Director


Suction Excavator Hire Limited (Registered number: 06234124)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Suction Excavator 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 15% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Suction Excavator Hire Limited (Registered number: 06234124)

Notes to the Financial Statements - continued
for the Year Ended 30 April 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 7 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 May 2023 - 441 441
Additions 44,022 - 44,022
At 30 April 2024 44,022 441 44,463
DEPRECIATION
At 1 May 2023 - 378 378
Charge for year - 15 15
At 30 April 2024 - 393 393
NET BOOK VALUE
At 30 April 2024 44,022 48 44,070
At 30 April 2023 - 63 63

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 308,284 284,124
Amounts owed by participating interests 85,980 -
Other debtors 68,032 27,245
VAT 4,298 53,398
Prepayments and accrued income 449 -
467,043 364,767

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 30,000
Hire purchase contracts 10,778 -
Trade creditors 69,864 44,376
Amounts owed to participating interests 112,090 243,981
Social security and other taxes 16,943 15,103
Other creditors 182,289 3,154
Accrued expenses 28,151 25,340
420,115 361,954

Suction Excavator Hire Limited (Registered number: 06234124)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years - 30,000
Bank loans - 2-5 years - 32,500
Hire purchase contracts 33,243 -
Other creditors 62,110 -
95,353 62,500

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1