Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-31falseNo description of principal activitytrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-06-01false66true 08804486 2023-06-01 2024-05-31 08804486 2022-06-01 2023-05-31 08804486 2024-05-31 08804486 2023-05-31 08804486 c:Director2 2023-06-01 2024-05-31 08804486 d:PlantMachinery 2023-06-01 2024-05-31 08804486 d:PlantMachinery 2024-05-31 08804486 d:PlantMachinery 2023-05-31 08804486 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 08804486 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-06-01 2024-05-31 08804486 d:MotorVehicles 2023-06-01 2024-05-31 08804486 d:MotorVehicles 2024-05-31 08804486 d:MotorVehicles 2023-05-31 08804486 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 08804486 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-06-01 2024-05-31 08804486 d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 08804486 d:LeasedAssetsHeldAsLessee 2023-06-01 2024-05-31 08804486 d:CurrentFinancialInstruments 2024-05-31 08804486 d:CurrentFinancialInstruments 2023-05-31 08804486 d:Non-currentFinancialInstruments 2024-05-31 08804486 d:Non-currentFinancialInstruments 2023-05-31 08804486 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 08804486 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 08804486 d:Non-currentFinancialInstruments d:AfterOneYear 2024-05-31 08804486 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 08804486 d:ShareCapital 2024-05-31 08804486 d:ShareCapital 2023-05-31 08804486 d:RetainedEarningsAccumulatedLosses 2024-05-31 08804486 d:RetainedEarningsAccumulatedLosses 2023-05-31 08804486 d:AcceleratedTaxDepreciationDeferredTax 2024-05-31 08804486 d:AcceleratedTaxDepreciationDeferredTax 2023-05-31 08804486 c:OrdinaryShareClass1 2023-06-01 2024-05-31 08804486 c:OrdinaryShareClass1 2024-05-31 08804486 c:OrdinaryShareClass1 2023-05-31 08804486 c:FRS102 2023-06-01 2024-05-31 08804486 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 08804486 c:FullAccounts 2023-06-01 2024-05-31 08804486 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 08804486 d:HirePurchaseContracts d:WithinOneYear 2024-05-31 08804486 d:HirePurchaseContracts d:WithinOneYear 2023-05-31 08804486 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-05-31 08804486 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-05-31 08804486 2 2023-06-01 2024-05-31 08804486 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2024-05-31 08804486 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-05-31 08804486 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-05-31 08804486 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-05-31 08804486 d:LeasedAssetsHeldAsLessee 2024-05-31 08804486 d:LeasedAssetsHeldAsLessee 2023-05-31 08804486 e:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 08804486










LUDLOW SKIP HIRE LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2024

 
LUDLOW SKIP HIRE LTD
REGISTERED NUMBER: 08804486

BALANCE SHEET
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
96,733
94,622

  
96,733
94,622

Current assets
  

Debtors: amounts falling due within one year
 5 
63,620
150,127

Cash at bank and in hand
 6 
126,066
157,506

  
189,686
307,633

Creditors: amounts falling due within one year
 7 
(174,995)
(143,782)

Net current assets
  
 
 
14,691
 
 
163,851

Total assets less current liabilities
  
111,424
258,473

Creditors: amounts falling due after more than one year
 8 
(2,379)
(21,720)

Provisions for liabilities
  

Deferred tax
 10 
(18,380)
(17,978)

  
 
 
(18,380)
 
 
(17,978)

Net assets
  
90,665
218,775


Capital and reserves
  

Called up share capital 
 11 
100
100

Profit and loss account
  
90,565
218,675

  
90,665
218,775


Page 1

 
LUDLOW SKIP HIRE LTD
REGISTERED NUMBER: 08804486
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 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 year 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 profit and loss account 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 27 November 2024.




N Griffiths
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
LUDLOW SKIP HIRE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

Ludlow Skip Hire Limited is incorporated and domiciled in th UK. Its registered office and principal place of business is Transfer Station, Weeping Cross Lane, Ludlow, Shropshire, SY8 1JH. The company's registered number is 08804486

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 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. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
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.

Page 3

 
LUDLOW SKIP HIRE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
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 Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
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.

Page 4

 
LUDLOW SKIP HIRE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
20% reducing balance
Motor vehicles
-
20% 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

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

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.

 
2.12

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.

Page 5

 
LUDLOW SKIP HIRE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 6 (2023 - 6).


4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Total

£
£
£



Cost or valuation


At 1 June 2023
170,392
18,995
189,387


Additions
31,720
-
31,720


Disposals
(20,691)
-
(20,691)



At 31 May 2024

181,421
18,995
200,416



Depreciation


At 1 June 2023
81,995
12,770
94,765


Charge for the year on owned assets
10,631
-
10,631


Charge for the year on financed assets
12,309
1,245
13,554


Disposals
(15,267)
-
(15,267)



At 31 May 2024

89,668
14,015
103,683



Net book value



At 31 May 2024
91,753
4,980
96,733



At 31 May 2023
88,397
6,225
94,622

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£



Plant and machinery
49,234
61,542

Motor vehicles
4,980
6,225

54,214
67,767

Page 6

 
LUDLOW SKIP HIRE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

5.


Debtors

2024
2023
£
£


Trade debtors
56,036
45,853

Amounts owed by group undertakings
-
84,426

Prepayments and accrued income
7,584
7,402

Tax recoverable
-
12,446

63,620
150,127



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
126,066
157,506

126,066
157,506



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
34,594
35,904

Amounts owed to group undertakings
45,483
-

Other taxation and social security
70,982
76,327

Obligations under finance lease and hire purchase contracts
19,341
25,629

Other creditors
1,095
1,817

Accruals and deferred income
3,500
4,105

174,995
143,782



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
2,379
21,720

2,379
21,720


Page 7

 
LUDLOW SKIP HIRE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

9.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
19,341
25,629

Between 1-5 years
2,379
21,720

21,720
47,349


10.


Deferred taxation




2024


£






At beginning of year
(17,978)


Charged to profit or loss
(402)



At end of year
(18,380)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(18,380)
(17,978)

(18,380)
(17,978)


11.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100


Page 8

 
LUDLOW SKIP HIRE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

12.


Controlling party

The company is controlled by Ludlow Skips Limited, Ludlow Skips Limited is the parent company and owns 100% of the shares.

 
Page 9