IRIS Accounts Production v24.3.2.46 05861970 director 1.7.23 30.6.24 30.6.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh058619702023-06-30058619702024-06-30058619702023-07-012024-06-30058619702022-06-30058619702022-07-012023-06-30058619702023-06-3005861970ns15:EnglandWales2023-07-012024-06-3005861970ns14:PoundSterling2023-07-012024-06-3005861970ns10:Director12023-07-012024-06-3005861970ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3005861970ns10:SmallEntities2023-07-012024-06-3005861970ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3005861970ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3005861970ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3005861970ns10:FullAccounts2023-07-012024-06-3005861970ns10:OrdinaryShareClass12023-07-012024-06-3005861970ns10:RegisteredOffice2023-07-012024-06-3005861970ns5:CurrentFinancialInstruments2024-06-3005861970ns5:CurrentFinancialInstruments2023-06-3005861970ns5:ShareCapital2024-06-3005861970ns5:ShareCapital2023-06-3005861970ns5:RetainedEarningsAccumulatedLosses2024-06-3005861970ns5:RetainedEarningsAccumulatedLosses2023-06-300586197012023-07-012024-06-3005861970ns5:MotorVehicles2023-07-012024-06-3005861970ns5:MotorVehicles2023-06-3005861970ns5:MotorVehicles2024-06-3005861970ns5:MotorVehicles2023-06-3005861970ns10:OrdinaryShareClass12024-06-3005861970ns5:RetainedEarningsAccumulatedLosses2023-06-3005861970ns5:RetainedEarningsAccumulatedLosses2023-07-012024-06-30
REGISTERED NUMBER: 05861970 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

BLABY SKIP HIRE LTD

BLABY SKIP HIRE LTD (REGISTERED NUMBER: 05861970)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BLABY SKIP HIRE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: N G Chambers





REGISTERED OFFICE: Church Farm
Willey
Warwickshire
CV23 0SH





REGISTERED NUMBER: 05861970 (England and Wales)





ACCOUNTANTS: AEH Accountancy Ltd
Church Farm
Main Street
Willey
Warwickshire
CV23 0SH

BLABY SKIP HIRE LTD (REGISTERED NUMBER: 05861970)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,652 13,315

CURRENT ASSETS
Debtors 5 18,421 19,906

CREDITORS
Amounts falling due within one year 6 28,795 32,967
NET CURRENT LIABILITIES (10,374 ) (13,061 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

278

254

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 178 154
SHAREHOLDERS' FUNDS 278 254

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 March 2025 and were signed by:





N G Chambers - Director


BLABY SKIP HIRE LTD (REGISTERED NUMBER: 05861970)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Blaby Skip Hire Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Critical accounting judgements and key sources of estimation uncertainty
In the application of the Company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered relevant, Actual results may differ from these estimates.

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 comprises the fair value of the consideration received or receivable for the rendering of services in the ordinary course of the company's activities. Revenue is shown net of VAT and trade 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. The amount of revenue is not considered to be reliably measurable until all contingencies relating to the sale have been resolved. The company bases its estimates on historical results, taking into consideration the type of customer, the type of transaction and the specifics of each arrangement.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 20% on reducing balance

Financial instruments
Financial assets
Receivables are stated at amortised cost using the effective interest rate method. A provision for impairment of receivables is established where there is objective evidence that the company will not be able to collect all amounts due according to the original terms of payment. Receivables are considered for impairment on a case by case basis and any provision is based on the directors' assessment of the amount recoverable on each receivable.

Financial liabilities
The company's financial liabilities include trade and other payables, which are measured at amortised cost using the effective interest rate method. Financial liabilities are recognised when the company becomes a party to the contractual agreements of the instrument. Interest-related charges are recognised as an expense in the period in which they are incurred.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less, and bank overdrafts.


BLABY SKIP HIRE LTD (REGISTERED NUMBER: 05861970)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
At 1 July 2023
and 30 June 2024 31,832
DEPRECIATION
At 1 July 2023 18,517
Charge for year 2,663
At 30 June 2024 21,180
NET BOOK VALUE
At 30 June 2024 10,652
At 30 June 2023 13,315

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Directors' current accounts 18,421 19,906

BLABY SKIP HIRE LTD (REGISTERED NUMBER: 05861970)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 12,677 16,166
Trade creditors 10,890 11,226
Tax 3,903 4,325
Accrued expenses 1,325 1,250
28,795 32,967

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100

8. RESERVES
Retained
earnings
£   

At 1 July 2023 154
Profit for the year 9,024
Dividends (9,000 )
At 30 June 2024 178

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £9,000 were paid to the director .

As at 30 June 2024 there was a balance owed to the company by the director of £18,421 (2023 £19,906). This amount is included within debtors on the balance sheet and was repaid within nine months of the year-end.

10. ULTIMATE CONTROLLING PARTY

The controlling party is N G Chambers.