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REGISTERED NUMBER: 07926917 (England and Wales)















BLACK SKIPS LIMITED

Report of the Directors and

Unaudited Financial Statements for the Year Ended 30 September 2024






BLACK SKIPS LIMITED (REGISTERED NUMBER: 07926917)






Contents of the Financial Statements
for the year ended 30 September 2024




Page

Company Information 1

Report of the Directors 2

Chartered Accountants' Report 3

Income Statement 4

Balance Sheet 5 to 6

Notes to the Financial Statements 7 to 9


BLACK SKIPS LIMITED

Company Information
for the year ended 30 September 2024







Directors: H Major
J Stevens





Registered office: 3rd Floor
86 - 90 Paul Street
London
EC2A 4NE





Registered number: 07926917 (England and Wales)





Accountants: Cooper Parry Advisory Limited
CUBO Birmingham
4th Floor
Two Chamberlain Square
Birmingham
West Midlands
B3 3AX

BLACK SKIPS LIMITED (REGISTERED NUMBER: 07926917)

Report of the Directors
for the year ended 30 September 2024

The directors present their report with the financial statements of the company for the year ended 30 September 2024.

Principal activity
The principal activity of the company in the year under review was that of the hire of skips and waste management.

Directors
The directors shown below have held office during the whole of the period from 1 October 2023 to the date of this report.

H Major
J Stevens

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

On behalf of the board:





H Major - Director


30 May 2025

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Black Skips Limited


In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Black Skips Limited for the year ended 30 September 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Black Skips Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Black Skips Limited and state those matters that we have agreed to state to the Board of Directors of Black Skips Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Black Skips Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Black Skips Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Black Skips Limited. You consider that Black Skips Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Black Skips Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Cooper Parry Advisory Limited
CUBO Birmingham
4th Floor
Two Chamberlain Square
Birmingham
West Midlands
B3 3AX


30 May 2025

BLACK SKIPS LIMITED (REGISTERED NUMBER: 07926917)

Income Statement
for the year ended 30 September 2024

2024 2023
Notes £ £

Turnover 747,004 690,589

Cost of sales (343,509 ) (344,595 )
Gross profit 403,495 345,994

Administrative expenses (293,763 ) (276,610 )
109,732 69,384

Other operating income 1,546 2,936
Operating profit 4 111,278 72,320

Interest receivable and similar income 113 241
111,391 72,561

Interest payable and similar expenses (1,537 ) (2,432 )
Profit before taxation 109,854 70,129

Tax on profit (32,812 ) (13,827 )
Profit for the financial year 77,042 56,302

BLACK SKIPS LIMITED (REGISTERED NUMBER: 07926917)

Balance Sheet
30 September 2024

2024 2023
Notes £ £ £
Fixed assets
Intangible assets 5 1 1
Tangible assets 6 61,808 39,844
61,809 39,845

Current assets
Debtors 7 409,734 304,719
Cash at bank and in hand 4,104 21,364
413,838 326,083
Creditors
Amounts falling due within one year 8 114,936 119,924
Net current assets 298,902 206,159
Total assets less current liabilities 360,711 246,004

Creditors
Amounts falling due after more than one year 9 (42,070 ) (17,367 )

Provisions for liabilities (22,923 ) (9,961 )
Net assets 295,718 218,676

Capital and reserves
Called up share capital 200 200
Retained earnings 295,518 218,476
295,718 218,676

BLACK SKIPS LIMITED (REGISTERED NUMBER: 07926917)

Balance Sheet - continued
30 September 2024


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

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

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 30 May 2025 and were signed on its behalf by:





H Major - Director


BLACK SKIPS LIMITED (REGISTERED NUMBER: 07926917)

Notes to the Financial Statements
for the year ended 30 September 2024

1. Statutory information

Black 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 represents the amount paid in connection with the acquisition of a business in 2012.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 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.

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

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. Employees and directors

The average number of employees during the year was 19 (2023 - 12 ) .

BLACK SKIPS LIMITED (REGISTERED NUMBER: 07926917)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

4. Operating profit

The operating profit is stated after charging:

2024 2023
£ £
Depreciation - owned assets 2,124 13,281

5. Intangible fixed assets
Goodwill
£
Cost
At 1 October 2023
and 30 September 2024 1
Net book value
At 30 September 2024 1
At 30 September 2023 1

6. Tangible fixed assets
Plant and
machinery
£
Cost
At 1 October 2023 85,000
Additions 66,995
Disposals (85,000 )
At 30 September 2024 66,995
Depreciation
At 1 October 2023 45,156
Charge for year 5,187
Eliminated on disposal (45,156 )
At 30 September 2024 5,187
Net book value
At 30 September 2024 61,808
At 30 September 2023 39,844

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£
Cost
Additions 49,000
At 30 September 2024 49,000
Depreciation
Charge for year 3,063
At 30 September 2024 3,063
Net book value
At 30 September 2024 45,937

BLACK SKIPS LIMITED (REGISTERED NUMBER: 07926917)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

7. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 56,223 39,110
H C Stevens and Sons 351,979 264,086
Prepayments 1,532 1,523
409,734 304,719

8. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 10,020 10,020
Hire purchase contracts 12,250 8,405
Trade creditors 13,766 33,473
Tax 19,850 17,147
Social security and other taxes 10,339 8,332
Pensions 3,712 1,139
VAT 29,485 28,477
Other creditors 1,047 839
Directors' current accounts 12,590 7,776
Accrued expenses 1,877 4,316
114,936 119,924

9. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans - 1-2 years 7,362 10,020
Bank loans - 2-5 years - 7,347
Hire purchase contracts 34,708 -
42,070 17,367