| REGISTERED NUMBER: |
| BLACK SKIPS LIMITED |
| Report of the Directors and |
| Unaudited Financial Statements for the Year Ended 30 September 2024 |
| REGISTERED NUMBER: |
| 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: |
| Registered office: |
| Registered number: |
| Accountants: |
| 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. |
| 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: |
| 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. |
| CUBO Birmingham |
| 4th Floor |
| Two Chamberlain Square |
| Birmingham |
| West Midlands |
| B3 3AX |
| BLACK SKIPS LIMITED (REGISTERED NUMBER: 07926917) |
| Income Statement |
| for the year ended 30 September 2024 |
| 2024 | 2023 |
| Notes | £ | £ |
| Turnover |
| Cost of sales | ( |
) | ( |
) |
| Gross profit |
| Administrative expenses | ( |
) | ( |
) |
| 109,732 | 69,384 |
| Other operating income |
| Operating profit | 4 |
| Interest receivable and similar income |
| 111,391 | 72,561 |
| Interest payable and similar expenses | ( |
) | ( |
) |
| Profit before taxation |
| Tax on profit | ( |
) | ( |
) |
| Profit for the financial year |
| BLACK SKIPS LIMITED (REGISTERED NUMBER: 07926917) |
| Balance Sheet |
| 30 September 2024 |
| 2024 | 2023 |
| Notes | £ | £ | £ |
| Fixed assets |
| Intangible assets | 5 |
| Tangible assets | 6 |
| Current assets |
| Debtors | 7 |
| Cash at bank and in hand |
| Creditors |
| Amounts falling due within one year | 8 |
| Net current assets |
| Total assets less current liabilities |
| Creditors |
| Amounts falling due after more than one year | 9 | ( |
) | ( |
) |
| Provisions for liabilities | ( |
) | ( |
) |
| Net assets |
| Capital and reserves |
| Called up share capital |
| Retained earnings |
| BLACK SKIPS LIMITED (REGISTERED NUMBER: 07926917) |
| Balance Sheet - continued |
| 30 September 2024 |
| 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 were approved by the Board of Directors and authorised for issue on |
| 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 |
| 2. | Accounting policies |
| Basis of preparing the financial statements |
| 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 |
| Plant and machinery | - |
| 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 |
| 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 |
| 5. | Intangible fixed assets |
| Goodwill |
| £ |
| Cost |
| At 1 October 2023 |
| and 30 September 2024 |
| Net book value |
| At 30 September 2024 |
| At 30 September 2023 |
| 6. | Tangible fixed assets |
| Plant and |
| machinery |
| £ |
| Cost |
| At 1 October 2023 |
| Additions |
| Disposals | ( |
) |
| At 30 September 2024 |
| Depreciation |
| At 1 October 2023 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 30 September 2024 |
| Net book value |
| At 30 September 2024 |
| At 30 September 2023 |
| Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
| Plant and |
| machinery |
| £ |
| Cost |
| Additions |
| At 30 September 2024 |
| Depreciation |
| Charge for year |
| At 30 September 2024 |
| Net book value |
| At 30 September 2024 |
| 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 |
| H C Stevens and Sons | 351,979 | 264,086 |
| Prepayments |
| 8. | Creditors: amounts falling due within one year |
| 2024 | 2023 |
| £ | £ |
| Bank loans and overdrafts |
| Hire purchase contracts |
| Trade creditors |
| Tax |
| Social security and other taxes |
| Pensions | 3,712 | 1,139 |
| VAT | 29,485 | 28,477 |
| Other creditors |
| Directors' current accounts | 12,590 | 7,776 |
| Accrued expenses |
| 9. | Creditors: amounts falling due after more than one year |
| 2024 | 2023 |
| £ | £ |
| Bank loans - 1-2 years |
| Bank loans - 2-5 years |
| Hire purchase contracts |