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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
Page
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Lydney Skip Hire LTD Company Information for the year ended 30 November 2023
Director
Mr John Reilly
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
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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
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Lydney Skip Hire LTD Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,334,463 
1,334,778 
Current assets
Debtors
370,230 
398,965 
Cash at bank and in hand
88,228 
61,203 
458,458 
460,168 
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)
Capital and reserves
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
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Lydney Skip Hire LTD Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Leased assets
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 
£ 
Cost
At 1 December 2022
90,000 
At 30 November 2023
90,000 
Amortisation
At 1 December 2022
90,000 
At 30 November 2023
90,000 
Net book value
At 30 November 2023
- 
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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 
Depreciation
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 
Net book value
At 30 November 2023
1,068,382 
266,081 
1,334,463 
At 30 November 2022
1,003,390 
331,388 
1,334,778 
6
Debtors
2023 
2022 
£ 
£ 
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 
171,541 
200,276 
Amounts falling due after more than one year
Other debtors
198,689 
198,689 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
14,701 
6,894 
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 
Other creditors
23,360 
- 
206,960 
368,864 
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 
1,526,868 
1,464,488 
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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).
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