9 false false false false false false false false false false true false false false false false false No description of principal activity 2023-02-01 Sage Accounts Production Advanced 2024 - FRS102_2024 56,084 xbrli:pure xbrli:shares iso4217:GBP 11779962 2023-02-01 2024-01-31 11779962 2024-01-31 11779962 2023-01-31 11779962 2022-02-01 2023-01-31 11779962 2023-01-31 11779962 2022-01-31 11779962 core:FurnitureFittings 2023-02-01 2024-01-31 11779962 core:MotorVehicles 2023-02-01 2024-01-31 11779962 bus:Director3 2023-02-01 2024-01-31 11779962 core:WithinOneYear 2024-01-31 11779962 core:WithinOneYear 2023-01-31 11779962 core:FurnitureFittings 2023-01-31 11779962 core:MotorVehicles 2023-01-31 11779962 core:AfterOneYear 2023-01-31 11779962 core:ShareCapital 2024-01-31 11779962 core:ShareCapital 2023-01-31 11779962 core:RetainedEarningsAccumulatedLosses 2024-01-31 11779962 core:RetainedEarningsAccumulatedLosses 2023-01-31 11779962 core:FurnitureFittings 2023-01-31 11779962 core:MotorVehicles 2023-01-31 11779962 bus:Director1 2023-02-01 2024-01-31 11779962 bus:SmallEntities 2023-02-01 2024-01-31 11779962 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 11779962 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 11779962 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 11779962 bus:FullAccounts 2023-02-01 2024-01-31 11779962 core:PlantMachinery 2023-02-01 2024-01-31 11779962 core:PlantMachinery 2023-01-31 11779962 core:KeyManagementIndividualGroup1 2023-02-01 2024-01-31 11779962 core:KeyManagementIndividualGroup1 2024-01-31 11779962 core:KeyManagementIndividualGroup1 2023-01-31
COMPANY REGISTRATION NUMBER: 11779962
Wentvalley Skips Limited
Filleted Unaudited Financial Statements
31 January 2024
Wentvalley Skips Limited
Statement of Financial Position
31 January 2024
2024
2023
Note
£
£
£
£
Fixed assets
Tangible assets
5
190,222
Current assets
Debtors
6
14,248
Cash at bank and in hand
563
18,262
----
--------
563
32,510
Creditors: amounts falling due within one year
7
108,812
172,016
----------
----------
Net current liabilities
108,249
139,506
----------
----------
Total assets less current liabilities
( 108,249)
50,716
Creditors: amounts falling due after more than one year
8
12,311
----------
--------
Net (liabilities)/assets
( 108,249)
38,405
----------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 108,349)
38,305
----------
--------
Shareholders (deficit)/funds
( 108,249)
38,405
----------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Wentvalley Skips Limited
Statement of Financial Position (continued)
31 January 2024
These financial statements were approved by the board of directors and authorised for issue on 18 March 2025 , and are signed on behalf of the board by:
Mr R Lunn
Director
Company registration number: 11779962
Wentvalley Skips Limited
Notes to the Financial Statements
Year ended 31 January 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Kirk Smeaton Industrial Park, Went Edge Road, Kirk Smeaton, Pontefract, WF8 3LU.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
(a) Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
(b) Going concern
The UK economy has recently been impacted by rising inflation, interest rates and energy costs, exacerbated by the war in Ukraine. All these matters have impacted the company's trading results to a greater or lesser extent. At the date of signing these financial statements, the directors have considered the effect of these matters on the company with the information available to it and do not believe that it will affect the ability of the company to continue to trade for the foreseeable future. On the basis, the directors have prepared these financial statements on a going concern basis.
(c) Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
(d) Current tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
(e) Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
(f) Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
33% straight line
Motor vehicles
-
25% reducing balance
Equipment
-
20% straight line
(g) Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
(h) Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains and losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to entity.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 9 (2023: 9 ).
5. Tangible assets
Fixtures and fittings
Motor vehicles
Equipment
Total
£
£
£
£
Cost
At 1 February 2023
1,951
121,250
159,343
282,544
Additions
19,592
19,592
Disposals
( 1,951)
( 140,842)
( 159,343)
( 302,136)
-------
----------
----------
----------
At 31 January 2024
-------
----------
----------
----------
Depreciation
At 1 February 2023
1,405
36,125
54,792
92,322
Disposals
( 1,405)
( 36,125)
( 54,792)
( 92,322)
-------
----------
----------
----------
At 31 January 2024
-------
----------
----------
----------
Carrying amount
At 31 January 2024
-------
----------
----------
----------
At 31 January 2023
546
85,125
104,551
190,222
-------
----------
----------
----------
6. Debtors
2024
2023
£
£
Trade debtors
14,248
----
--------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
29,545
Accruals and deferred income
1,000
1,033
Social security and other taxes
33,041
Obligations under finance leases and hire purchase contracts
6,049
Directors' loan accounts
107,812
56,084
Other creditors
46,264
----------
----------
108,812
172,016
----------
----------
8. Creditors: amounts falling due after more than one year
2024
2023
£
£
Obligations under finance leases and hire purchase contracts
12,311
----
--------
9. Related party transactions
During the year the directors made available loans to the company. The loans are interest free and repayable on demand. At the year end date the balance due to the directors totalled £ 107,812 (2023 - £ 56,084 ).