IRIS Accounts Production v24.3.2.46 06294355 director 1.11.23 31.10.24 31.10.24 false true false false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh062943552023-10-31062943552024-10-31062943552023-11-012024-10-31062943552022-10-31062943552022-11-012023-10-31062943552023-10-3106294355ns15:EnglandWales2023-11-012024-10-3106294355ns14:PoundSterling2023-11-012024-10-3106294355ns10:Director12023-11-012024-10-3106294355ns10:PrivateLimitedCompanyLtd2023-11-012024-10-3106294355ns10:SmallEntities2023-11-012024-10-3106294355ns10:AuditExempt-NoAccountantsReport2023-11-012024-10-3106294355ns10:SmallCompaniesRegimeForDirectorsReport2023-11-012024-10-3106294355ns10:SmallCompaniesRegimeForAccounts2023-11-012024-10-3106294355ns10:FullAccounts2023-11-012024-10-310629435512023-11-012024-10-3106294355ns5:CurrentFinancialInstruments2024-10-3106294355ns5:CurrentFinancialInstruments2023-10-3106294355ns5:Non-currentFinancialInstruments2024-10-3106294355ns5:Non-currentFinancialInstruments2023-10-3106294355ns5:ShareCapital2024-10-3106294355ns5:ShareCapital2023-10-3106294355ns5:RetainedEarningsAccumulatedLosses2024-10-3106294355ns5:RetainedEarningsAccumulatedLosses2023-10-3106294355ns10:RegisteredOffice2023-11-012024-10-3106294355ns5:NetGoodwill2023-11-012024-10-3106294355ns5:LandBuildingsns5:OwnedOrFreeholdAssets2023-11-012024-10-3106294355ns5:LeaseholdImprovements2023-11-012024-10-3106294355ns5:PlantMachinery2023-11-012024-10-3106294355ns5:MotorVehicles2023-11-012024-10-3106294355ns5:ComputerEquipment2023-11-012024-10-3106294355ns5:NetGoodwill2023-10-3106294355ns5:NetGoodwill2024-10-3106294355ns5:NetGoodwill2023-10-3106294355ns5:LandBuildings2023-10-3106294355ns5:LeaseholdImprovements2023-10-3106294355ns5:PlantMachinery2023-10-3106294355ns5:LandBuildings2023-11-012024-10-3106294355ns5:LandBuildings2024-10-3106294355ns5:LeaseholdImprovements2024-10-3106294355ns5:PlantMachinery2024-10-3106294355ns5:LandBuildings2023-10-3106294355ns5:LeaseholdImprovements2023-10-3106294355ns5:PlantMachinery2023-10-3106294355ns5:MotorVehicles2023-10-3106294355ns5:ComputerEquipment2023-10-3106294355ns5:MotorVehicles2024-10-3106294355ns5:ComputerEquipment2024-10-3106294355ns5:MotorVehicles2023-10-3106294355ns5:ComputerEquipment2023-10-3106294355ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-10-3106294355ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-10-3106294355ns5:LeasedAssetsHeldAsLessee2023-10-3106294355ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-11-012024-10-3106294355ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-11-012024-10-3106294355ns5:LeasedAssetsHeldAsLessee2023-11-012024-10-3106294355ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-10-3106294355ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-10-3106294355ns5:LeasedAssetsHeldAsLessee2024-10-3106294355ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-10-3106294355ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-10-3106294355ns5:LeasedAssetsHeldAsLessee2023-10-3106294355ns5:WithinOneYearns5:CurrentFinancialInstruments2024-10-3106294355ns5:WithinOneYearns5:CurrentFinancialInstruments2023-10-3106294355ns5:Secured2024-10-3106294355ns5:Secured2023-10-31
REGISTERED NUMBER: 06294355 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 October 2024

for

William Beech Skip Hire Ltd

William Beech Skip Hire Ltd (Registered number: 06294355)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


William Beech Skip Hire Ltd (Registered number: 06294355)

Balance Sheet
31 October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,930,166 2,984,831
Investment property 6 2,648,862 2,789,888
5,579,028 5,774,719

CURRENT ASSETS
Debtors 7 271,606 205,549
Cash at bank 1,051 51
272,657 205,600
CREDITORS
Amounts falling due within one year 8 641,434 780,738
NET CURRENT LIABILITIES (368,777 ) (575,138 )
TOTAL ASSETS LESS CURRENT LIABILITIES 5,210,251 5,199,581

CREDITORS
Amounts falling due after more than one year 9 (1,483,209 ) (1,658,591 )

PROVISIONS FOR LIABILITIES (208,645 ) (250,857 )
NET ASSETS 3,518,397 3,290,133

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 3,518,387 3,290,123
SHAREHOLDERS' FUNDS 3,518,397 3,290,133

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

William Beech Skip Hire Ltd (Registered number: 06294355)

Balance Sheet - continued
31 October 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 March 2025 and were signed by:





Mr T C Gardiner - Director


William Beech Skip Hire Ltd (Registered number: 06294355)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

William Beech Skip Hire Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 06294355

Registered office: Betchton Cottage
Cappers Lane
Betchton
Sandbach
Cheshire
CW11 2TW

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised as the company becomes entitled to consideration for the goods supplied.

Goodwill
Goodwill that was acquired in 2007 has now been fully amortised.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and Buildings - at varying rates on cost
Improvements to property - 10% on cost
Equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


William Beech Skip Hire Ltd (Registered number: 06294355)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2023 - 25 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2023
and 31 October 2024 15,000
AMORTISATION
At 1 November 2023
and 31 October 2024 15,000
NET BOOK VALUE
At 31 October 2024 -
At 31 October 2023 -

William Beech Skip Hire Ltd (Registered number: 06294355)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

5. TANGIBLE FIXED ASSETS
Improvements
Land and to
Buildings property Equipment
£    £    £   
COST
At 1 November 2023 2,058,822 86,463 1,720,370
Additions - 1,550 156,596
Disposals - - (71,305 )
At 31 October 2024 2,058,822 88,013 1,805,661
DEPRECIATION
At 1 November 2023 69,376 17,292 818,341
Charge for year 11,078 8,801 153,840
Eliminated on disposal - - (38,281 )
At 31 October 2024 80,454 26,093 933,900
NET BOOK VALUE
At 31 October 2024 1,978,368 61,920 871,761
At 31 October 2023 1,989,446 69,171 902,029

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 November 2023 47,518 791 3,913,964
Additions - - 158,146
Disposals - - (71,305 )
At 31 October 2024 47,518 791 4,000,805
DEPRECIATION
At 1 November 2023 23,606 518 929,133
Charge for year 5,978 90 179,787
Eliminated on disposal - - (38,281 )
At 31 October 2024 29,584 608 1,070,639
NET BOOK VALUE
At 31 October 2024 17,934 183 2,930,166
At 31 October 2023 23,912 273 2,984,831

William Beech Skip Hire Ltd (Registered number: 06294355)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
Equipment vehicles Totals
£    £    £   
COST
At 1 November 2023 791,192 28,498 819,690
Additions 101,000 - 101,000
At 31 October 2024 892,192 28,498 920,690
DEPRECIATION
At 1 November 2023 283,667 7,125 290,792
Charge for year 91,279 5,343 96,622
At 31 October 2024 374,946 12,468 387,414
NET BOOK VALUE
At 31 October 2024 517,246 16,030 533,276
At 31 October 2023 507,525 21,373 528,898

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2023 2,789,888
Disposals (141,026 )
At 31 October 2024 2,648,862
NET BOOK VALUE
At 31 October 2024 2,648,862
At 31 October 2023 2,789,888

The director considers the properties to be shown at fair value.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 221,219 194,892
Other debtors 50,387 10,657
271,606 205,549

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 35,555 77,143
Hire purchase contracts 144,724 147,211
Trade creditors 135,071 107,581
Taxation and social security 169,816 130,465
Other creditors 156,268 318,338
641,434 780,738

William Beech Skip Hire Ltd (Registered number: 06294355)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 179,955 188,417
Hire purchase contracts 158,205 193,776
Other creditors 1,145,049 1,276,398
1,483,209 1,658,591

Amounts falling due in more than five years:

Repayable by instalments
Bank Loans more 5 yr by instal 108,698 96,518
Mortgages more 5yrs instal 1,018,166 1,148,033
1,126,864 1,244,551

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 197,770 212,194
Mortgages 1,176,770 1,308,489
Hire purchase contracts 302,929 340,987
1,677,469 1,861,670

The bank loan has a fixed charge over the assets of the company.


There is also a charge on the freehold of the properties at Merridale Farm and Bridge End Farm in relation to the mortgage to The Agricultural Mortgage Corporation PLC.

Hire purchase contracts are secured on the assets to which they relate.