Registered number
04578416
RTK Grab and Skip Hire Ltd
Unaudited Filleted Accounts
31 October 2024
RTK Grab and Skip Hire Ltd
Registered number: 04578416
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 3,005,947 3,007,637
Current assets
Debtors 5 2,167 2,167
Cash at bank and in hand 8,183 2,733
10,350 4,900
Creditors: amounts falling due within one year 6 (1,197,748) (1,069,713)
Net current liabilities (1,187,398) (1,064,813)
Total assets less current liabilities 1,818,549 1,942,824
Creditors: amounts falling due after more than one year 7 (82,191) (264,347)
Provisions for liabilities - (169)
Net assets 1,736,358 1,678,308
Capital and reserves
Called up share capital 2 2
Profit and loss account 1,736,356 1,678,306
Shareholders' funds 1,736,358 1,678,308
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
John Bottomley
Director
Approved by the board on 10 February 2025
RTK Grab and Skip Hire Ltd
Notes to the Accounts
for the year ended 31 October 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Tangible fixed assets
Tangible fixed assets other than investment property are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
2 Investment property
Investment property is included at fair value. Changes in fair value are recognised in the profit and loss account. Deferred tax is provided on recognised gains at the rate expected to apply when the property is sold.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
3 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
4 Tangible fixed assets
Investment property Plant and machinery etc Total
£ £ £
Cost or fair value
At 1 November 2023 3,004,907 175,815 3,180,722
At 31 October 2024 3,004,907 175,815 3,180,722
Depreciation
At 1 November 2023 - 173,085 173,085
Charge for the year - 1,690 1,690
At 31 October 2024 - 174,775 174,775
Net book value
At 31 October 2024 3,004,907 1,040 3,005,947
At 31 October 2023 3,004,907 2,730 3,007,637
2024 2023
£ £
Historical cost of investment property 2,761,426 2,761,426
The investment property was valued by the directors in 2024 on an open market value for existing use basis.
5 Debtors 2024 2023
£ £
Trade debtors 2,167 2,167
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 66,638 51,121
Taxation and social security costs 16,617 18,954
Other creditors 1,114,493 999,638
1,197,748 1,069,713
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loan 82,191 264,347
8 Loans 2024 2023
£ £
Creditors include:
Secured bank loan 148,829 315,468
The bank loan is secured by a floating charge covering all the property and undertaking of the company.
9 Related party transactions
The company has received interest free loans from Mr John Bottomley, a shareholder and director, amounting to £23,358 (2023: £18,358) and from RTK Grab Hire Limited, a company in which Mr Bottomley and Ms Lisa Kay are also shareholders and directors, amounting to £1,063,546 (2023: £968,820). Both of these loans are included in other creditors.

The company has received rent amounting to £30,000 (2023: £50,000) from RTK Grab Hire Limited and £10,800 (2023: £6,300) from Mr Bottomley and Ms Lisa Kay in respect of those parties' occupation, under informal leases, of parts of the company's investment property.
10 Controlling party
At 31 October 2023 the company was under the control of Mr John Bottomley, the majority shareholder.
11 Other information
RTK Grab and Skip Hire Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Wellington Street
Bury
BL8 2BD
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