Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-29false2023-03-01falseNo description of principal activity2118truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05656492 2023-03-01 2024-02-29 05656492 2022-01-01 2023-02-28 05656492 2024-02-29 05656492 2023-02-28 05656492 c:Director1 2023-03-01 2024-02-29 05656492 c:Director2 2023-03-01 2024-02-29 05656492 c:Director2 2024-02-29 05656492 c:RegisteredOffice 2023-03-01 2024-02-29 05656492 d:Buildings d:LongLeaseholdAssets 2023-03-01 2024-02-29 05656492 d:Buildings d:LongLeaseholdAssets 2024-02-29 05656492 d:Buildings d:LongLeaseholdAssets 2023-02-28 05656492 d:PlantMachinery 2023-03-01 2024-02-29 05656492 d:PlantMachinery 2024-02-29 05656492 d:PlantMachinery 2023-02-28 05656492 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 05656492 d:MotorVehicles 2023-03-01 2024-02-29 05656492 d:MotorVehicles 2024-02-29 05656492 d:MotorVehicles 2023-02-28 05656492 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 05656492 d:FurnitureFittings 2023-03-01 2024-02-29 05656492 d:FurnitureFittings 2024-02-29 05656492 d:FurnitureFittings 2023-02-28 05656492 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 05656492 d:OfficeEquipment 2023-03-01 2024-02-29 05656492 d:OfficeEquipment 2024-02-29 05656492 d:OfficeEquipment 2023-02-28 05656492 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 05656492 d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 05656492 d:CurrentFinancialInstruments 2024-02-29 05656492 d:CurrentFinancialInstruments 2023-02-28 05656492 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 05656492 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 05656492 d:ShareCapital 2024-02-29 05656492 d:ShareCapital 2023-02-28 05656492 d:RetainedEarningsAccumulatedLosses 2024-02-29 05656492 d:RetainedEarningsAccumulatedLosses 2023-02-28 05656492 c:OrdinaryShareClass1 2023-03-01 2024-02-29 05656492 c:OrdinaryShareClass1 2024-02-29 05656492 c:OrdinaryShareClass1 2023-02-28 05656492 c:FRS102 2023-03-01 2024-02-29 05656492 c:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 05656492 c:FullAccounts 2023-03-01 2024-02-29 05656492 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 05656492 2 2023-03-01 2024-02-29 05656492 e:PoundSterling 2023-03-01 2024-02-29 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 05656492









STEVENAGE SKIP HIRE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 29 FEBRUARY 2024

 
STEVENAGE SKIP HIRE LIMITED
 
 
COMPANY INFORMATION


Directors
T Biel 
A Jaskulski (appointed 18 August 2023)




Registered number
05656492



Registered office
Regina House
124 Finchley Road

London

United Kingdom

NW3 5JS




Accountants
Nyman Libson Paul LLP
Chartered Accountants

124 Finchley Road

London

NW3 5JS





 
STEVENAGE SKIP HIRE LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF STEVENAGE SKIP HIRE LIMITED
FOR THE PERIOD ENDED 29 FEBRUARY 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Stevenage Skip Hire Limited for the period ended 29 February 2024 which comprise  the Statement of Financial Position and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of Directors of Stevenage Skip Hire Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Stevenage Skip Hire Limited and state those matters that we have agreed to state to the Board of Directors of Stevenage Skip Hire Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Stevenage Skip Hire Limited and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that Stevenage Skip Hire Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Stevenage Skip Hire Limited. You consider that Stevenage Skip Hire Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or review of the financial statements of Stevenage Skip Hire Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Nyman Libson Paul LLP
 
Chartered Accountants
  
124 Finchley Road
London
NW3 5JS
23 October 2024
Page 1

 
STEVENAGE SKIP HIRE LIMITED
REGISTERED NUMBER: 05656492

STATEMENT OF FINANCIAL POSITION
AS AT 29 FEBRUARY 2024

29 February
28 February
2024
2023
Note
£
£

Fixed assets
  

Tangible fixed assets
 4 
1,975,280
1,908,354

  
1,975,280
1,908,354

Current assets
  

Stocks
  
30,000
800

Debtors: amounts falling due within one year
 5 
2,318,372
1,044,594

Cash at bank and in hand
 6 
220,924
255,630

  
2,569,296
1,301,024

Current liabilities
  

Creditors: Amounts Falling Due Within One Year
 7 
(2,129,417)
(1,202,545)

Net current assets
  
 
 
439,879
 
 
98,479

Total assets less current liabilities
  
2,415,159
2,006,833

Provisions for liabilities
  

Deferred tax
  
(75,580)
(75,580)

Net assets
  
2,339,579
1,931,253


Capital and reserves
  

Called up share capital 
  
10
10

Profit and loss account
  
2,339,569
1,931,243

  
2,339,579
1,931,253


Page 2

 
STEVENAGE SKIP HIRE LIMITED
REGISTERED NUMBER: 05656492
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 29 FEBRUARY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 23 October 2024.




T Biel
Director

The notes on pages 4 to 9 form part of these financial statements.

Page 3

 
STEVENAGE SKIP HIRE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 FEBRUARY 2024

1.


General information

Stevenage Skip Hire Limited is a private company limited by shares incorporated in England and Wales. The principal place of business is Jack's Hill,  Graveley, Hitchin, SG4 7EQ.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue comprises of services relating to the collection of non-hazardous waste and is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Current and deferred taxation

Tax is recognised in the statement of income and retained earnings. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Page 4

 
STEVENAGE SKIP HIRE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Long-term leasehold property
-
10%
Straight line
Plant and machinery
-
25%
Reducing balance
Motor vehicles
-
10%
Reducing balance
Fixtures and fittings
-
25%
Reducing balance
Office equipment
-
25%
Reducing balance

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.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.9

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.11

Creditors

Short term creditors are measured at the transaction price.

Page 5

 
STEVENAGE SKIP HIRE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.12

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the period was 21 (2023 - 18).

Page 6

 
STEVENAGE SKIP HIRE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 FEBRUARY 2024

4.


Tangible fixed assets







 Improvement to premises
Plant and machinery
Motor vehicles
Fixtures and fittings
Office equipment

£
£
£
£
£



Cost or valuation


At 1 March 2023
916,285
2,299,643
410,955
8,473
12,178


Additions
-
361,128
99,000
-
12,024


Transfers intra group
-
-
154,000
-
-


Disposals
-
(51,000)
(140,600)
-
-



At 29 February 2024

916,285
2,609,771
523,355
8,473
24,202



Depreciation


At 1 March 2023
50,268
1,558,518
116,010
6,948
7,436


Charge for the period on owned assets
9,163
268,627
98,873
381
2,628


Transfers intra group
-
-
21,496
-
-


Disposals
-
-
(33,542)
-
-



At 29 February 2024

59,431
1,827,145
202,837
7,329
10,064



Net book value



At 29 February 2024
856,854
782,626
320,518
1,144
14,138



At 28 February 2023
866,017
741,125
294,945
1,525
4,742
Page 7

 
STEVENAGE SKIP HIRE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 FEBRUARY 2024

           4.Tangible fixed assets (continued)


Total

£



Cost or valuation


At 1 March 2023
3,647,534


Additions
472,152


Transfers intra group
154,000


Disposals
(191,600)



At 29 February 2024

4,082,086



Depreciation


At 1 March 2023
1,739,180


Charge for the period on owned assets
379,672


Transfers intra group
21,496


Disposals
(33,542)



At 29 February 2024

2,106,806



Net book value



At 29 February 2024
1,975,280



At 28 February 2023
1,908,354


5.


Debtors

29 February
28 February
2024
2023
£
£


Trade debtors
269,986
138,838

Amounts owed by group undertakings
1,874,303
799,804

Other debtors
120,000
37,967

Prepayments and accrued income
54,083
67,985

2,318,372
1,044,594


Page 8

 
STEVENAGE SKIP HIRE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 FEBRUARY 2024

6.


Cash and cash equivalents

29 February
28 February
2024
2023
£
£

Cash at bank and in hand
220,924
255,630

220,924
255,630



7.


Creditors: Amounts falling due within one year

29 February
28 February
2024
2023
£
£

Trade creditors
307,194
91,407

Amounts owed to group undertakings
1,032,305
694,736

Other taxation and social security
392,992
199,274

Other creditors
3,927
208,393

Loan to J. Biel
383,000
-

Accruals and deferred income
9,999
8,735

2,129,417
1,202,545



8.


Share capital

29 February
28 February
2024
2023
£
£
Allotted, called up and fully paid



10 (2023 - 10) Ordinary shares of £1.00 each
10
10



9.


Related party transactions

Included in debtors at the reporting date were loans totaling £1,874,303 (2023: £799,804) receivable from related parties. These loans are not interest bearing and are repayable on demand. 
Included in creditors at the reporting date were loans totaling £1,032,305 (2023: 694,736) payable to related parties. These loans are not interest bearing and are repayable on demand.


10.


Controlling party

Stevenage Skip Hire Limited is a 100% controlled subsidiary of Biel Holdings Limited.

 
Page 9