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Registration number: 00725936

C. Bialek Limited

trading as C B Skip Hire

Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 May 2024

 

C. Bialek Limited

trading as C B Skip Hire

Contents

Company Information

1

Directors' Report

2

Accountants' Report

3

Abridged Balance Sheet

4 to 5

Notes to the Unaudited Abridged Financial Statements

6 to 10

 

C. Bialek Limited

trading as C B Skip Hire

Company Information

Directors

Peter Bialek

Deborah Trant

Registered office

Southbourne St Thomas Farm
London Road
Salisbury
Wiltshire
SP1 3YU

 

C. Bialek Limited

trading as C B Skip Hire

Directors' Report for the Year Ended 31 May 2024

The directors present their report and the abridged financial statements for the year ended 31 May 2024.

Directors of the company

The directors who held office during the year were as follows:

Peter Bialek

Deborah Trant

Principal activity

The principal activity of the company is the hire of skips and collection of non-hazadous waste

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 25 February 2025 and signed on its behalf by:
 

.........................................
Peter Bialek
Director

.........................................
Deborah Trant
Director

 

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
C. Bialek Limited

trading as C B Skip Hire
for the Year Ended 31 May 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of C. Bialek Limited for the year ended 31 May 2024 as set out on pages 4 to 10 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/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of C. Bialek Limited, as a body, in accordance with the terms of our engagement letter dated 25 May 2021. Our work has been undertaken solely to prepare for your approval the accounts of C. Bialek Limited and state those matters that we have agreed to state to the Board of Directors of C. Bialek Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than C. Bialek Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that C. Bialek Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of C. Bialek Limited. You consider that C. Bialek Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of C. Bialek Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Howdenwhite LLP
Chartered Certified Accountants
Units 16-18, The Boscombe Centre
Mills Way
Amesbury
Salisbury
Wiltshire
SP4 7SD

25 February 2025

 

C. Bialek Limited

trading as C B Skip Hire

(Registration number: 00725936)
Abridged Balance Sheet as at 31 May 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

863,354

913,041

Other financial assets

5

21,100

370,707

 

884,454

1,283,748

Current assets

 

Debtors

362,211

338,623

Cash at bank and in hand

 

942,264

920,737

 

1,304,475

1,259,360

Prepayments and accrued income

 

12,549

9,227

Creditors: Amounts falling due within one year

(290,518)

(367,214)

Net current assets

 

1,026,506

901,373

Total assets less current liabilities

 

1,910,960

2,185,121

Creditors: Amounts falling due after more than one year

(652,347)

(652,347)

Provisions for liabilities

(166,879)

(171,988)

Accruals and deferred income

 

(4,708)

(4,211)

Net assets

 

1,087,026

1,356,575

Capital and reserves

 

Called up share capital

6

87

87

Capital redemption reserve

12

12

Revaluation reserve

9,990

9,990

Other reserves

6,641

29,667

Retained earnings

1,070,296

1,316,819

Shareholders' funds

 

1,087,026

1,356,575

For the financial year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

 

C. Bialek Limited

trading as C B Skip Hire

(Registration number: 00725936)
Abridged Balance Sheet as at 31 May 2024

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account and Directors' Report.

Approved and authorised by the Board on 25 February 2025 and signed on its behalf by:
 

.........................................
Peter Bialek
Director

.........................................
Deborah Trant
Director

 

C. Bialek Limited

trading as C B Skip Hire

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Southbourne St Thomas Farm
London Road
Salisbury
Wiltshire
SP1 3YU

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

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

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

 

C. Bialek Limited

trading as C B Skip Hire

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land and buildings

land not depreciated, buildings straight line over 10 years

Plant and machinery

25% reducing balance

Motor vehicles

25% reducing balance

Fixtures, fittings & equipment

25% reducing balance

Portacabin office

10% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

C. Bialek Limited

trading as C B Skip Hire

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 30 (2023 - 32).

 

C. Bialek Limited

trading as C B Skip Hire

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2024

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 June 2023

329,797

1,771,401

887,211

2,988,409

Additions

43,206

144,815

-

188,021

At 31 May 2024

373,003

1,916,216

887,211

3,176,430

Depreciation

At 1 June 2023

108,451

1,301,374

665,543

2,075,368

Charge for the year

33,725

148,565

55,418

237,708

At 31 May 2024

142,176

1,449,939

720,961

2,313,076

Carrying amount

At 31 May 2024

230,827

466,277

166,250

863,354

At 31 May 2023

221,346

470,027

221,668

913,041

Included within the net book value of land and buildings above is £230,827 (2023 - £221,346) in respect of freehold land and buildings.
 

Revaluation

The fair value of the company's skips, within fixtures, fittings and equipment was revalued on 31 May 2003. An independent valuer was not involved. .
Had this class of asset been measured on a historical cost basis, the carrying amount would have been £465,277 (2023 - £468,694).

 

C. Bialek Limited

trading as C B Skip Hire

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2024

5

Other financial assets (current and non-current)

Financial assets at fair value through profit and loss
£

Financial assets at cost less impairment
£

Total
£

Non-current financial assets

Cost or valuation

At 1 June 2023

349,607

21,100

370,707

Disposals

(349,607)

-

(349,607)

At 31 May 2024

-

21,100

21,100

Impairment

Carrying amount

At 31 May 2024

-

21,100

21,100

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

87

87

87

87

       

7

Related party transactions

2024

At 1 June 2023
£

Advances to director
£

At 31 May 2024
£

-

9,563

9,563

 

Other transactions with directors

Rent of £50,000 (2023- £50,000) was paid to the director Peter Bialek for the property. This is considered to be at a commercial rate.