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Eco Skip Waste & Recycling Ltd
Registered Number:11190662
For the year ended 29 February 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 29 February 2024
Eco Skip Waste & Recycling Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
11190662
As at 29 February 2024
Eco Skip Waste & Recycling Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Intangible assets
79,250
-
2
Property, plant and equipment
131,749
80,029
3
210,999
80,029
Current assets
Trade and other receivables
42,094
35,958
4
56,808
Cash and cash equivalents
44,785
80,743
98,902
Trade and other payables: amounts falling due within one
year
(46,388)
(93,592)
5
52,514
(12,849)
Net current liabilities
Total assets less current liabilities
198,150
132,543
Trade and other payables: amounts falling due after more
than one year
(33,841)
(171,383)
6
26,767
Net assets
98,702
Capital and reserves
Called up share capital
1
1
Retained earnings
26,766
98,701
26,767
98,702
Shareholders' funds
For the year ended 29 February 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Luke Timothy Field Director
These financial statements were approved and authorised for issue by the Board on 15 November 2024 and were signed by:
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4
Registered Number :
11190662
For the year ended 29 February 2024
Eco Skip Waste & Recycling Ltd
Statement of Financial Position Continued
The notes form part of these financial statements
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5
For the year ended 29 February 2024
Eco Skip Waste & Recycling Ltd
Notes to the Financial Statements
Statutory Information
Eco Skip Waste & Recycling Ltd is a private limited company, limited by shares, domiciled in England and Wales,
registration number 11190662.
Registered address:
57 South Way
Lewes
BN7 1LY
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Intangible assets
Non-financial assets are measured at fair value at each reporting date.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
25% Reducing balance
25% Reducing balance
Motor Vehicles
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
2. Intangible fixed assets
Other
Intangible
Assets
Cost or valuation
£
Additions
79,250
At 29 February 2024
79,250
Net book value
At 29 February 2024
79,250
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6
For the year ended 29 February 2024
Eco Skip Waste & Recycling Ltd
Notes to the Financial Statements Continued
3. Property, plant and equipment
Total
Motor
Vehicles
Plant and
Machinery
£
£
£
Cost or
valuation
At 01 March 2023
139,900
29,900
110,000
95,636
-
95,636
Additions
At 29 February 2024
205,636
29,900
235,536
Provision for depreciation and impairment
At 01 March 2023
59,871
17,096
42,775
Charge for year
43,916
3,201
40,715
At 29 February 2024
103,787
20,297
83,490
At 29 February 2024
Net book value
122,146
9,603
131,749
At 28 February 2023
67,225
12,804
80,029
4. Trade and other receivables
2023
2024
£
£
Trade debtors
34,653
41,514
Other debtors
1,305
580
42,094
35,958
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
19,082
5,959
Trade creditors
23,059
7,392
Taxation and social security
21,545
12,660
Other creditors
29,906
20,377
93,592
46,388
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7
For the year ended 29 February 2024
Eco Skip Waste & Recycling Ltd
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
123,698
13,964
Other creditors
47,685
19,877
171,383
33,841
7. Related party transactions
The company is controlled by the directors who own 100% of the called up share capital.
8. Average number of persons employed
During the year the average number of employees was 5 (2023 : 2)
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