IRIS Accounts Production v25.1.0.734 05707386 Board of Directors 29.7.23 28.7.24 28.7.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh057073862023-07-28057073862024-07-28057073862023-07-292024-07-28057073862022-07-30057073862022-07-312023-07-28057073862023-07-2805707386ns14:PoundSterling2023-07-292024-07-2805707386ns10:Director12023-07-292024-07-2805707386ns10:PrivateLimitedCompanyLtd2023-07-292024-07-2805707386ns10:SmallEntities2023-07-292024-07-2805707386ns10:AuditExempt-NoAccountantsReport2023-07-292024-07-2805707386ns10:SmallCompaniesRegimeForDirectorsReport2023-07-292024-07-2805707386ns10:SmallCompaniesRegimeForAccounts2023-07-292024-07-2805707386ns10:FullAccounts2023-07-292024-07-2805707386ns5:CurrentFinancialInstruments2024-07-2805707386ns5:CurrentFinancialInstruments2023-07-2805707386ns5:Non-currentFinancialInstruments2024-07-2805707386ns5:Non-currentFinancialInstruments2023-07-2805707386ns5:ShareCapital2024-07-2805707386ns5:ShareCapital2023-07-2805707386ns5:RetainedEarningsAccumulatedLosses2024-07-2805707386ns5:RetainedEarningsAccumulatedLosses2023-07-2805707386ns5:LandBuildingsns5:OwnedOrFreeholdAssets2023-07-292024-07-2805707386ns5:PlantMachinery2023-07-292024-07-2805707386ns5:FurnitureFittings2023-07-292024-07-2805707386ns5:MotorVehicles2023-07-292024-07-2805707386ns5:LandBuildings2023-07-2805707386ns5:PlantMachinery2023-07-2805707386ns5:FurnitureFittings2023-07-2805707386ns5:MotorVehicles2023-07-2805707386ns5:LandBuildings2023-07-292024-07-2805707386ns5:LandBuildings2024-07-2805707386ns5:PlantMachinery2024-07-2805707386ns5:FurnitureFittings2024-07-2805707386ns5:MotorVehicles2024-07-2805707386ns5:LandBuildings2023-07-2805707386ns5:PlantMachinery2023-07-2805707386ns5:FurnitureFittings2023-07-2805707386ns5:MotorVehicles2023-07-2805707386ns5:WithinOneYearns5:CurrentFinancialInstruments2024-07-2805707386ns5:WithinOneYearns5:CurrentFinancialInstruments2023-07-2805707386ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2024-07-2805707386ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2023-07-2805707386ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2024-07-2805707386ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-07-2805707386ns5:HirePurchaseContracts2024-07-2805707386ns5:HirePurchaseContracts2023-07-2805707386ns5:WithinOneYear2024-07-2805707386ns5:WithinOneYear2023-07-28057073861ns10:Director12023-07-28057073861ns10:Director12022-07-30057073861ns10:Director12023-07-292024-07-28057073861ns10:Director12022-07-312023-07-28057073861ns10:Director12024-07-28057073861ns10:Director12023-07-28
REGISTERED NUMBER: 05707386















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 JULY 2024

FOR

SALFORD SKIP HIRE LTD

SALFORD SKIP HIRE LTD (REGISTERED NUMBER: 05707386)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 JULY 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


SALFORD SKIP HIRE LTD (REGISTERED NUMBER: 05707386)

BALANCE SHEET
28 JULY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 4,937,922 5,096,555
Investments 5 60,520 60,520
4,998,442 5,157,075

CURRENT ASSETS
Debtors 6 301,106 417,910
Cash at bank and in hand 53,537 151,365
354,643 569,275
CREDITORS
Amounts falling due within one year 7 (1,711,530 ) (1,116,231 )
NET CURRENT LIABILITIES (1,356,887 ) (546,956 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,641,555

4,610,119

CREDITORS
Amounts falling due after more than one
year

8

(29,317

)

(199,340

)

PROVISIONS FOR LIABILITIES (802,317 ) (815,811 )
NET ASSETS 2,809,921 3,594,968

CAPITAL AND RESERVES
Called up share capital 150 150
Retained earnings 2,809,771 3,594,818
SHAREHOLDERS' FUNDS 2,809,921 3,594,968

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

SALFORD SKIP HIRE LTD (REGISTERED NUMBER: 05707386)

BALANCE SHEET - continued
28 JULY 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 Board of Directors and authorised for issue on 24 April 2025 and were signed on its behalf by:





M Cauchi - Director


SALFORD SKIP HIRE LTD (REGISTERED NUMBER: 05707386)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 JULY 2024


1. STATUTORY INFORMATION

Salford Skip Hire Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number is 05707386 and the registered office address is Kingston House, Cobden Street, Salford, Manchester, M6 6WF.

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 represents net invoiced sales of goods, excluding value added tax. Turnover is recognised when the goods are physically delivered to the customers.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost and not depreciated
Plant and machinery - 5% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 5% on reducing balance

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.

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 useful lives. Those held under finance leases are depreciated over their useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the 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.

SALFORD SKIP HIRE LTD (REGISTERED NUMBER: 05707386)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 JULY 2024


2. ACCOUNTING POLICIES - continued

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.

Government grant
Government grants have been recognised based on the accrual model. Government grants related to assets are recognised as deferred income and recognised in income on a systematic basis over the expected useful life of the asset.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 33 (2023 - 35 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 29 July 2023 1,509,584 3,696,727 116,580 1,118,686 6,441,577
Additions 18,000 14,100 8,964 31,442 72,506
Disposals - - - (12,192 ) (12,192 )
At 28 July 2024 1,527,584 3,710,827 125,544 1,137,936 6,501,891
DEPRECIATION
At 29 July 2023 28,580 1,025,590 73,151 217,701 1,345,022
Charge for year 28,880 134,086 10,210 45,923 219,099
Eliminated on disposal - - - (152 ) (152 )
At 28 July 2024 57,460 1,159,676 83,361 263,472 1,563,969
NET BOOK VALUE
At 28 July 2024 1,470,124 2,551,151 42,183 874,464 4,937,922
At 28 July 2023 1,481,004 2,671,137 43,429 900,985 5,096,555

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2024 2023
£    £   
Other investments 60,520 60,520

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 203,611 200,340
Other debtors 97,495 217,570
301,106 417,910

SALFORD SKIP HIRE LTD (REGISTERED NUMBER: 05707386)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 JULY 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 9) 170,023 233,282
Trade creditors 876,676 440,783
Taxation and social security 644,366 418,519
Other creditors 20,465 23,647
1,711,530 1,116,231

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts (see note 9) 29,317 199,340

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 170,023 233,282
Between one and five years 29,317 199,340
199,340 432,622

Non-cancellable operating leases
2024 2023
£    £   
Within one year - 50,147

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 199,340 432,622

SALFORD SKIP HIRE LTD (REGISTERED NUMBER: 05707386)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 JULY 2024


11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 28 July 2024 and the period ended 28 July 2023:

2024 2023
£    £   
M Cauchi
Balance outstanding at start of year 77,457 -
Amounts advanced - 77,457
Amounts repaid (77,457 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 77,457

Interest is charged on the directors loan at HMRC approved rates.