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REGISTERED NUMBER: 04581828 (England and Wales)












Unaudited Financial Statements

for the Year Ended 30 November 2024

for

G D Golding Skip Hire Limited

G D Golding Skip Hire Limited (Registered number: 04581828)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


G D Golding Skip Hire Limited

Company Information
for the Year Ended 30 November 2024







DIRECTORS: G. D. Golding
S. L. Golding
B. G. Golding





SECRETARY: S. L. Golding





REGISTERED OFFICE: Nicolson Way
Off Wellington Road
Burton On Trent
Staffordshire
DE14 2AW





REGISTERED NUMBER: 04581828 (England and Wales)





ACCOUNTANTS: Bourne & Co.
Chartered Accountants
47a Queen Street
Derby
Derbyshire
DE1 3DE

G D Golding Skip Hire Limited (Registered number: 04581828)

Balance Sheet
30 November 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,415,377 2,470,889
2,415,377 2,470,889

CURRENT ASSETS
Stocks 6 500 500
Debtors 7 751,946 674,868
Cash at bank and in hand 593,327 566,502
1,345,773 1,241,870
CREDITORS
Amounts falling due within one year 8 1,060,849 1,057,379
NET CURRENT ASSETS 284,924 184,491
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,700,301

2,655,380

CREDITORS
Amounts falling due after more than one
year

9

(289,123

)

(333,787

)

PROVISIONS FOR LIABILITIES (339,897 ) (372,740 )
NET ASSETS 2,071,281 1,948,853

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 2,071,181 1,948,753
SHAREHOLDERS' FUNDS 2,071,281 1,948,853

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 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 14 July 2025 and were signed on its behalf by:



G. D. Golding - Director


G D Golding Skip Hire Limited (Registered number: 04581828)

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

1. STATUTORY INFORMATION

G D Golding 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net invoiced sales of goods and services, excluding value added tax.

Goodwill
Goodwill has been written off in full.

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.
Buildings - 10% on cost and at varying rates on cost
Plant, machinery and skips - 25% on reducing balance and 10% on cost
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Government grants received which contribute towards asset expenditure are treated as deferred income. The deferred income is credited in the profit and loss account over the useful life of the asset.

Potential liabilities to repay grants are only provided to the extent that repayment is probable.

Stocks
Stock is valued at the lower of cost and net realisable value.

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.

G D Golding Skip Hire Limited (Registered number: 04581828)

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

2. ACCOUNTING POLICIES - continued

Hire purchase
Assets acquired under hire purchase agreements are capitalised as fixed assets and are depreciated over their estimated useful lives.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 36 (2023 - 39 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2023
and 30 November 2024 31,098
AMORTISATION
At 1 December 2023
and 30 November 2024 31,098
NET BOOK VALUE
At 30 November 2024 -
At 30 November 2023 -

5. TANGIBLE FIXED ASSETS
Plant,
Freehold machinery
property Buildings and skips
£    £    £   
COST
At 1 December 2023 912,714 101,077 1,753,383
Additions 3,435 - 117,372
Disposals - - -
At 30 November 2024 916,149 101,077 1,870,755
DEPRECIATION
At 1 December 2023 - 49,129 1,097,051
Charge for year - 3,476 181,823
Eliminated on disposal - - -
At 30 November 2024 - 52,605 1,278,874
NET BOOK VALUE
At 30 November 2024 916,149 48,472 591,881
At 30 November 2023 912,714 51,948 656,332

G D Golding Skip Hire Limited (Registered number: 04581828)

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

5. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 December 2023 16,241 1,603,406 6,145 4,392,966
Additions 5,328 253,331 - 379,466
Disposals - (75,500 ) - (75,500 )
At 30 November 2024 21,569 1,781,237 6,145 4,696,932
DEPRECIATION
At 1 December 2023 14,922 756,154 4,821 1,922,077
Charge for year 1,049 228,783 437 415,568
Eliminated on disposal - (56,090 ) - (56,090 )
At 30 November 2024 15,971 928,847 5,258 2,281,555
NET BOOK VALUE
At 30 November 2024 5,598 852,390 887 2,415,377
At 30 November 2023 1,319 847,252 1,324 2,470,889

6. STOCKS
2024 2023
£    £   
Stocks 500 500

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 576,301 520,492
Other debtors 40,310 34,882
Prepayments 135,335 119,494
751,946 674,868

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 26,667 26,667
Hire purchase contracts 177,827 178,717
Trade creditors 381,401 353,920
Corporation tax 113,024 91,729
Social security and other taxes 23,176 30,114
Value added tax 33,632 59,535
Other creditors 10,300 8,592
Directors' current accounts 286,763 288,543
Accrued expenses 8,059 19,562
1,060,849 1,057,379

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 153,333 180,000
Hire purchase contracts 135,790 153,787
289,123 333,787

G D Golding Skip Hire Limited (Registered number: 04581828)

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

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 180,000 206,667

The hire purchase liability is secured on the asset acquired under the relevant agreement.

Svenska Handelsbanken AB have a charge over the freehold land owned by the company and also a fixed and floating charge over all other assets.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100