IRIS Accounts Production v25.1.3.33 05063543 director 1.6.23 31.5.24 31.5.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh050635432023-05-31050635432024-05-31050635432023-06-012024-05-31050635432022-05-31050635432022-06-012023-05-31050635432023-05-3105063543ns15:EnglandWales2023-06-012024-05-3105063543ns14:PoundSterling2023-06-012024-05-3105063543ns10:Director12023-06-012024-05-3105063543ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3105063543ns10:SmallEntities2023-06-012024-05-3105063543ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3105063543ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3105063543ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3105063543ns10:FullAccounts2023-06-012024-05-310506354312023-06-012024-05-3105063543ns10:CompanySecretary12023-06-012024-05-3105063543ns10:RegisteredOffice2023-06-012024-05-3105063543ns5:CurrentFinancialInstruments2024-05-3105063543ns5:CurrentFinancialInstruments2023-05-3105063543ns5:Non-currentFinancialInstruments2024-05-3105063543ns5:Non-currentFinancialInstruments2023-05-3105063543ns5:ShareCapital2024-05-3105063543ns5:ShareCapital2023-05-3105063543ns5:RetainedEarningsAccumulatedLosses2024-05-3105063543ns5:RetainedEarningsAccumulatedLosses2023-05-3105063543ns5:NetGoodwill2023-06-012024-05-3105063543ns5:IntangibleAssetsOtherThanGoodwill2023-06-012024-05-3105063543ns5:PlantMachinery2023-06-012024-05-3105063543ns5:NetGoodwill2023-05-3105063543ns5:NetGoodwill2024-05-3105063543ns5:NetGoodwill2023-05-3105063543ns5:LandBuildings2023-05-3105063543ns5:PlantMachinery2023-05-3105063543ns5:LandBuildings2023-06-012024-05-3105063543ns5:LandBuildings2024-05-3105063543ns5:PlantMachinery2024-05-3105063543ns5:LandBuildings2023-05-3105063543ns5:PlantMachinery2023-05-3105063543ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-05-3105063543ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-05-31
REGISTERED NUMBER: 05063543 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

DAVIES SKIPS LIMITED

DAVIES SKIPS LIMITED (REGISTERED NUMBER: 05063543)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DAVIES SKIPS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: M Davies



SECRETARY: Mrs A Davies



REGISTERED OFFICE: 1 Glan Pelenna
Efail Fach
Pontrhydyfen
Port Talbot
SA12 9UA



REGISTERED NUMBER: 05063543 (England and Wales)



ACCOUNTANTS: Roger Byers & Co. Limited
Castle Buildings
23 Church Place
Neath
SA11 3LP



BANKERS: H S B C
11 Talbot Street,
Maesteg,
PORT TALBOT
West Glamorgan
CF34 9BU

DAVIES SKIPS LIMITED (REGISTERED NUMBER: 05063543)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 7,000 7,000
Tangible assets 5 486,188 513,125
493,188 520,125

CURRENT ASSETS
Debtors 6 145,523 101,947
Cash at bank and in hand 191,003 202,962
336,526 304,909
CREDITORS
Amounts falling due within one year 7 (166,740 ) (116,557 )
NET CURRENT ASSETS 169,786 188,352
TOTAL ASSETS LESS CURRENT
LIABILITIES

662,974

708,477

CREDITORS
Amounts falling due after more than one
year

8

(178,303

)

(168,451

)
NET ASSETS 484,671 540,026

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 484,571 539,926
SHAREHOLDERS' FUNDS 484,671 540,026

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

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

DAVIES SKIPS LIMITED (REGISTERED NUMBER: 05063543)

BALANCE SHEET - continued
31 MAY 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 director and authorised for issue on 27 February 2025 and were signed by:





M Davies - Director


DAVIES SKIPS LIMITED (REGISTERED NUMBER: 05063543)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

Davies Skips Limited 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 0, is being amortised evenly over its estimated useful life of nil 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.

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 etc - 25% on reducing balance and 15% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 16 ) .

DAVIES SKIPS LIMITED (REGISTERED NUMBER: 05063543)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 7,000
NET BOOK VALUE
At 31 May 2024 7,000
At 31 May 2023 7,000

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 June 2023 299,816 964,595 1,264,411
Additions - 20,000 20,000
At 31 May 2024 299,816 984,595 1,284,411
DEPRECIATION
At 1 June 2023 - 751,286 751,286
Charge for year - 46,937 46,937
At 31 May 2024 - 798,223 798,223
NET BOOK VALUE
At 31 May 2024 299,816 186,372 486,188
At 31 May 2023 299,816 213,309 513,125

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 102,040 101,947
Other debtors 43,483 -
145,523 101,947

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 4,444 17,778
Trade creditors 89,681 47,303
Taxation and social security 36,885 19,226
Other creditors 35,730 32,250
166,740 116,557

DAVIES SKIPS LIMITED (REGISTERED NUMBER: 05063543)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 178,303 168,451