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REGISTERED NUMBER: 04069571 (England and Wales)











Financial Statements

for the Year Ended 30 September 2024

for

LONDON SKIP HIRE LIMITED

LONDON SKIP HIRE LIMITED (REGISTERED NUMBER: 04069571)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LONDON SKIP HIRE LIMITED

Company Information
for the Year Ended 30 September 2024







DIRECTOR: L Webber





SECRETARY: Miss C Webber





REGISTERED OFFICE: 7 Lyon Road
Merton
South Wimbledon
London
SW19 2RL





REGISTERED NUMBER: 04069571 (England and Wales)





ACCOUNTANTS: Maths Partnership
1 Brook Court
Blakeney Road
Beckenham
Kent
BR3 1HG

LONDON SKIP HIRE LIMITED (REGISTERED NUMBER: 04069571)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 30,708 40,710

CURRENT ASSETS
Debtors 5 216,171 250,769
Cash at bank 107,168 8,867
323,339 259,636
CREDITORS
Amounts falling due within one year 6 213,543 186,910
NET CURRENT ASSETS 109,796 72,726
TOTAL ASSETS LESS CURRENT
LIABILITIES

140,504

113,436

CREDITORS
Amounts falling due after more than one
year

7

(6,667

)

(16,667

)

PROVISIONS FOR LIABILITIES (6,919 ) (7,735 )
NET ASSETS 126,918 89,034

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 126,916 89,032
SHAREHOLDERS' FUNDS 126,918 89,034

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 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.

LONDON SKIP HIRE LIMITED (REGISTERED NUMBER: 04069571)

Balance Sheet - continued
30 September 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 & Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 July 2025 and were signed by:





L Webber - Director


LONDON SKIP HIRE LIMITED (REGISTERED NUMBER: 04069571)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

London Skip Hire 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.

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.
Fixtures, fittings & equipment - 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 Profit & 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 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 8 (2023 - 8 ) .

LONDON SKIP HIRE LIMITED (REGISTERED NUMBER: 04069571)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS
Fixtures,
fittings Motor
& equipment vehicles Totals
£    £    £   
COST
At 1 October 2023
and 30 September 2024 21,020 81,268 102,288
DEPRECIATION
At 1 October 2023 14,595 46,983 61,578
Charge for year 1,431 8,571 10,002
At 30 September 2024 16,026 55,554 71,580
NET BOOK VALUE
At 30 September 2024 4,994 25,714 30,708
At 30 September 2023 6,425 34,285 40,710

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 October 2023 81,268
Transfer to ownership (81,268 )
At 30 September 2024 -
DEPRECIATION
At 1 October 2023 46,983
Transfer to ownership (46,983 )
At 30 September 2024 -
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 34,285

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 133,643 205,907
Amounts owed by group undertakings 74,959 44,024
Other debtors 7,569 838
216,171 250,769

All debtors are payable within one year and have therefore not been discounted.

LONDON SKIP HIRE LIMITED (REGISTERED NUMBER: 04069571)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts - 13,142
Trade creditors 158,350 134,210
Taxation and social security 40,189 21,155
Other creditors 5,004 8,403
213,543 186,910

All creditors are payable within one year and have therefore not been discounted.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans 6,667 16,667