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REGISTERED NUMBER: 06940313 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Caerphilly Skip Hire (CWS) Ltd

Caerphilly Skip Hire (CWS) Ltd (Registered number: 06940313)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Caerphilly Skip Hire (CWS) Ltd

Company Information
for the Year Ended 31 August 2024







Directors: M B Jones
A R Pitten





Registered office: Unit D10 Graddfa Industrial Estate
Llanbradach
Caerphilly
Mid Glamorgan
CF83 3QS





Registered number: 06940313 (England and Wales)





Accountants: BYB Accountancy Ltd
Incorporated Financial Accountants
39 Cardiff Road
Llandaff
Cardiff
South Glamorgan
CF5 2DP

Caerphilly Skip Hire (CWS) Ltd (Registered number: 06940313)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £   
Fixed assets
Intangible assets 4 - -
Tangible assets 5 1,615,123 1,705,700
Investments 6 45,000 45,000
1,660,123 1,750,700

Current assets
Debtors 7 1,838,593 2,019,646
Prepayments and accrued income 76,000 101,000
Cash at bank and in hand 1,884,416 1,983,466
3,799,009 4,104,112
Creditors
Amounts falling due within one year 8 1,110,503 1,292,861
Net current assets 2,688,506 2,811,251
Total assets less current liabilities 4,348,629 4,561,951

Creditors
Amounts falling due after more than one
year

9

64,403

191,037
Net assets 4,284,226 4,370,914

Capital and reserves
Called up share capital 100 100
Retained earnings 4,284,126 4,370,814
Shareholders' funds 4,284,226 4,370,914

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

Caerphilly Skip Hire (CWS) Ltd (Registered number: 06940313)

Balance Sheet - continued
31 August 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 May 2025 and were signed on its behalf by:




M B Jones - Director



A R Pitten - Director


Caerphilly Skip Hire (CWS) Ltd (Registered number: 06940313)

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

1. STATUTORY INFORMATION

Caerphilly Skip Hire (CWS) 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of three years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

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.

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.

Caerphilly Skip Hire (CWS) Ltd (Registered number: 06940313)

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

2. ACCOUNTING POLICIES - continued

Basic financial instruments
A financial asset held as an equity instrument is recognised initially at the transaction price (including transaction costs).

At the end of each reporting period, unlisted equity investments are recorded at fair value, where appropriate, or at cost less impairment if their fair value cannot be reliably measured. Objective evidence of the impairment of financial assets is assessed at each period end and any impairment loss recognised in the profit or loss immediately. Impairment loss is calculated as the difference between the carrying amount of the instrument and the best estimate of the cash flows expected to be derived from the asset (including sales proceeds if sold) at the balance sheet date.

Investment income is recognised in the financial statements when the company becomes entitled to its share of profits from the financial instrument

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 41 (2023 - 60 ) .

4. INTANGIBLE FIXED ASSETS
Development
Goodwill costs Totals
£    £    £   
Cost
At 1 September 2023
and 31 August 2024 75,567 43,315 118,882
Amortisation
At 1 September 2023
and 31 August 2024 75,567 43,315 118,882
Net book value
At 31 August 2024 - - -
At 31 August 2023 - - -

Caerphilly Skip Hire (CWS) Ltd (Registered number: 06940313)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
Cost
At 1 September 2023 3,539,254 37,155 295,667 3,872,076
Additions 395,970 - - 395,970
Disposals (110,470 ) - - (110,470 )
At 31 August 2024 3,824,754 37,155 295,667 4,157,576
Depreciation
At 1 September 2023 2,094,921 24,590 46,865 2,166,376
Charge for year 416,240 3,773 49,760 469,773
Eliminated on disposal (93,696 ) - - (93,696 )
At 31 August 2024 2,417,465 28,363 96,625 2,542,453
Net book value
At 31 August 2024 1,407,289 8,792 199,042 1,615,123
At 31 August 2023 1,444,333 12,565 248,802 1,705,700

6. FIXED ASSET INVESTMENTS
Other
investments
£   
Cost
At 1 September 2023
and 31 August 2024 45,000
Net book value
At 31 August 2024 45,000
At 31 August 2023 45,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 793,930 829,799
Other debtors 1,044,663 1,189,847
1,838,593 2,019,646

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 133,972 217,936
Trade creditors 650,747 723,548
Taxation and social security 313,663 334,093
Other creditors 12,121 17,284
1,110,503 1,292,861

Caerphilly Skip Hire (CWS) Ltd (Registered number: 06940313)

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

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 64,403 191,037

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2024 and 31 August 2023:

2024 2023
£    £   
M B Jones
Balance outstanding at start of year 273,029 -
Amounts advanced - 273,029
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 273,029 273,029

11. RELATED PARTY DISCLOSURES

Included in other debtors are intercompany loans of £614,846 (2023, £746,940 ) for M Jones Haulage Ltd and JLP South Wales Ltd.

Mr M B Jones and Mr A Pitten are directors of M Jones Haulage Ltd and JLP South WalesLtd.

During the year rent of £29,800 was paid to M B Jones Director of Caerphilly Skip Hire (CWS) Ltd for rental of commercial premises.

12. ULTIMATE CONTROLLING PARTY

The controlling party is M B Jones.