2024-01-012024-12-312024-12-31false06432820ABEL SKIP HIRE 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ABEL SKIP HIRE LIMITED

Registered Number
06432820
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2024

ABEL SKIP HIRE LIMITED
Company Information
for the year from 1 January 2024 to 31 December 2024

Directors

Barry William Pepper
Michelle Pepper
Ryan Lewis Pepper

Company Secretary

Michelle Pepper

Registered Address

1 Billing Road
Northampton
NN1 5AL

Place of Business

Unit 5 Martins Yard

Spencer Bridge Road

Northampton

NN5 7DU


Registered Number

06432820 (England and Wales)
ABEL SKIP HIRE LIMITED
Balance Sheet as at
31 December 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets4420,998487,800
420,998487,800
Current assets
Debtors5122,774107,983
Cash at bank and on hand225,910317,983
348,684425,966
Creditors amounts falling due within one year6(329,207)(293,367)
Net current assets (liabilities)19,477132,599
Total assets less current liabilities440,475620,399
Creditors amounts falling due after one year7(108,403)(195,768)
Provisions for liabilities9(105,250)(92,682)
Net assets226,822331,949
Capital and reserves
Called up share capital100100
Profit and loss account226,722331,849
Shareholders' funds226,822331,949
The financial statements were approved and authorised for issue by the Board of Directors on 21 March 2025, and are signed on its behalf by:
Barry William Pepper
Director
Registered Company No. 06432820
ABEL SKIP HIRE LIMITED
Notes to the Financial Statements
for the year ended 31 December 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
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).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
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.
Revenue from rendering of services
Revenue 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
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.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Plant and machinery15
Vehicles25
Office Equipment25
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
2.Average number of employees

20242023
Average number of employees during the year1412
3.Intangible assets

Other

Total

££
Cost or valuation
At 01 January 2455,00055,000
At 31 December 2455,00055,000
Amortisation and impairment
At 01 January 2455,00055,000
At 31 December 2455,00055,000
Net book value
At 31 December 24--
At 31 December 23--
4.Tangible fixed assets

Plant & machinery

Vehicles

Office Equipment

Total

££££
Cost or valuation
At 01 January 24521,751654,4993,9051,180,155
Additions6,20058,9812,68367,864
Disposals(28,261)(50,000)(3,303)(81,564)
At 31 December 24499,690663,4803,2851,166,455
Depreciation and impairment
At 01 January 24197,407491,6643,284692,355
Charge for year105,862--105,862
On disposals(22,214)(27,865)(2,681)(52,760)
At 31 December 24281,055463,799603745,457
Net book value
At 31 December 24218,635199,6812,682420,998
At 31 December 23324,344162,835621487,800
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables85,84043,902
Other debtors-27,677
Prepayments and accrued income36,93436,404
Total122,774107,983
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables153,38667,708
Taxation and social security83,8639,037
Finance lease and HP contracts87,365211,932
Other creditors8691,691
Accrued liabilities and deferred income3,7242,999
Total329,207293,367
7.Creditors: amounts due after one year

2024

2023

££
Other creditors108,403195,768
Total108,403195,768
8.Obligations under finance leases

2024

2023

££
Finance lease and HP contracts108,403195,768
9.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)105,25092,682
Total105,25092,682