Company Registration No. 11090303 (England and Wales)
Lydney Skip Hire LTD
Unaudited accounts
for the year ended 30 November 2023
Lydney Skip Hire LTD
Unaudited accounts
Contents
Lydney Skip Hire LTD
Company Information
for the year ended 30 November 2023
Company Number
11090303 (England and Wales)
Registered Office
UNIT 47 Harbour Road
Lydney Industrial Estate
Lydney
Gloucestershire
GL15 4EJ
ENGLAND
Accountants
Vinod & Associates Chartered Certified Accountants
773 Uxbridge Road
Hayes
Middlesex
UB4 8HY
Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
Lydney Skip Hire LTD
for the year ended 30 November 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Lydney Skip Hire LTD for the year ended
30 November 2023 as set out on pages
5 -
8 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
Vinod & Associates Chartered Certified Accountants
Chartered Certified Accountants
773 Uxbridge Road
Hayes
Middlesex
UB4 8HY
26 November 2024
Lydney Skip Hire LTD
Statement of financial position
as at 30 November 2023
Tangible assets
1,334,463
1,334,778
Cash at bank and in hand
88,228
61,203
Creditors: amounts falling due within one year
(206,960)
(368,864)
Net current assets
251,498
91,304
Total assets less current liabilities
1,585,961
1,426,082
Creditors: amounts falling due after more than one year
(1,526,868)
(1,464,488)
Net assets/(liabilities)
59,093
(38,406)
Called up share capital
100
100
Profit and loss account
58,993
(38,506)
Shareholders' funds
59,093
(38,406)
For the year ending 30 November 2023 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 November 2024 and were signed on its behalf by
Mr John Reilly
Director
Company Registration No. 11090303
Lydney Skip Hire LTD
Notes to the Accounts
for the year ended 30 November 2023
Lydney Skip Hire LTD is a private company, limited by shares, registered in England and Wales, registration number 11090303. The registered office is UNIT 47 Harbour Road, Lydney Industrial Estate, Lydney, Gloucestershire, GL15 4EJ, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Intangible fixed assets
Goodwill
At 30 November 2023
90,000
At 30 November 2023
90,000
Lydney Skip Hire LTD
Notes to the Accounts
for the year ended 30 November 2023
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 December 2022
1,395,417
593,403
1,988,820
Additions
204,624
25,087
229,711
Disposals
-
(35,000)
(35,000)
At 30 November 2023
1,600,041
583,490
2,183,531
At 1 December 2022
392,027
262,015
654,042
Charge for the year
139,632
76,451
216,083
On disposals
-
(21,057)
(21,057)
At 30 November 2023
531,659
317,409
849,068
At 30 November 2023
1,068,382
266,081
1,334,463
At 30 November 2022
1,003,390
331,388
1,334,778
Amounts falling due within one year
Trade debtors
103,105
86,463
Accrued income and prepayments
16,917
19,329
Other debtors
51,519
94,484
Amounts falling due after more than one year
Other debtors
198,689
198,689
7
Creditors: amounts falling due within one year
2023
2022
Obligations under finance leases and hire purchase contracts
85,069
189,127
Trade creditors
68,106
135,642
Taxes and social security
15,724
37,201
8
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
175,106
185,494
Obligations under finance leases and hire purchase contracts
253,018
424,143
Other creditors
1,098,744
854,851
Lydney Skip Hire LTD
Notes to the Accounts
for the year ended 30 November 2023
9
Average number of employees
During the year the average number of employees was 16 (2022: 14).