Registered number
04372701
Carrex Skip Hire Group Limited
Filleted Accounts
29 February 2024
Carrex Skip Hire Group Limited
Registered number: 04372701
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 55,498 45,098
Current assets
Debtors 4 9,864 11,340
Cash at bank and in hand 476 2,425
10,340 13,765
Creditors: amounts falling due within one year 5 (199,212) (183,279)
Net current liabilities (188,872) (169,514)
Total assets less current liabilities (133,374) (124,416)
Creditors: amounts falling due after more than one year 6 (61,900) (75,815)
Net liabilities (195,274) (200,231)
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account (196,274) (201,231)
Shareholders' funds (195,274) (200,231)
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.
A R Worrall
Director
Approved by the board on 21 February 2025
Carrex Skip Hire Group Limited
Notes to the Accounts
for the year ended 29 February 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. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets 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:
Motor vehicles 25% reducing balance
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings Motor vehicles Total
£ £ £
Cost
At 1 March 2023 9,756 100,339 110,095
Additions - 32,370 32,370
Disposals - (26,339) (26,339)
At 29 February 2024 9,756 106,370 116,126
Depreciation
At 1 March 2023 9,756 55,241 64,997
Charge for the year - 18,497 18,497
On disposals - (22,866) (22,866)
At 29 February 2024 9,756 50,872 60,628
Net book value
At 29 February 2024 - 55,498 55,498
At 28 February 2023 - 45,098 45,098
4 Debtors 2024 2023
£ £
Trade debtors 4,622 6,098
Other debtors 5,242 5,242
9,864 11,340
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 23,174 9,770
Taxation and social security costs (336) 363
Other creditors 176,374 173,146
199,212 183,279
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 46,130 46,130
Obligations under finance lease and hire purchase contracts 15,770 29,685
61,900 75,815
7 Other information
Carrex Skip Hire Group Limited is a private company limited by shares and incorporated in England. Its registered office is:
Eagle Works
Rugby Road
Rochdale
Lancashire
OL12 0DY
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