REGISTERED NUMBER: 04626102 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

B & B Skip Hire Ltd

Page

Balance Sheet

1

Notes to the Financial Statements

3

Fixed assets

Intangible assets

5

13,915

15,585

Tangible assets

6

2,007,029

2,283,828

2,020,944

2,299,413

Current assets

Stocks

11,225

-

Debtors

7

1,032,524

857,445

Cash at bank and in hand

94,448

64,325

1,138,197

921,770

Creditors

Amounts falling due within one year

8

(2,045,394

)

(1,139,829

)

Net current liabilities

(907,197

)

(218,059

)

Total assets less current liabilities

1,113,747

2,081,354

Creditors

Amounts falling due after more than one year

9

(622,150

)

(1,395,580

)

Provisions for liabilities

12

(501,763

)

(247,567

)

Net (liabilities)/assets

(10,166

)

438,207

Capital and reserves

Called up share capital

101

101

Revaluation reserve

160,015

160,015

Retained earnings

(170,282

)

278,091

(10,166

)

438,207

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

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

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 September 2025 and were signed by:

Mr J Knights - Director

1.	Statutory information

B & B Skip Hire Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

04626102

Registered office:

Beccles Business Park

Anson Way

Ellough

Beccles

Suffolk

NR34 7TL

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

2.	Statement of compliance

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.

3.	Accounting policies

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Critical accounting judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Website is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Tangible fixed assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery - 15% p.a. reducing balance

Motor vehicles - 15% p.a. reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items. Net realisable value is calculated at the lower of cost or selling price less cost to complete.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

4.	Employees and directors

The average number of employees during the year was 22 (2023 - 21 ) .

5.	Intangible fixed assets

Website

£

Cost

At 1 January 2024

and 31 December 2024

16,701

Amortisation

At 1 January 2024

1,116

Amortisation for year

1,670

At 31 December 2024

2,786

Net book value

At 31 December 2024

13,915

At 31 December 2023

15,585

6.	Tangible fixed assets

Plant and

Motor

machinery

vehicles

Totals

£

£

£

Cost

At 1 January 2024

2,827,131

891,073

3,718,204

Additions

60,437

7,000

67,437

At 31 December 2024

2,887,568

898,073

3,785,641

Depreciation

At 1 January 2024

1,213,799

220,577

1,434,376

Charge for year

243,240

100,996

344,236

At 31 December 2024

1,457,039

321,573

1,778,612

Net book value

At 31 December 2024

1,430,529

576,500

2,007,029

At 31 December 2023

1,613,332

670,496

2,283,828

7.

Debtors: amounts falling due within one year

2024

2023

£

£

Trade debtors

435,628

349,115

Other debtors

596,896

508,330

1,032,524

857,445

8.

Creditors: amounts falling due within one year

2024

2023

£

£

Hire purchase contracts (see note 10)

275,244

329,140

Trade creditors

439,655

569,687

Amounts owed to group undertakings

239,535

-

Taxation and social security

158,661

94,835

Other creditors

932,299

146,167

2,045,394

1,139,829

9.

Creditors: amounts falling due after more than one year

2024

2023

£

£

Hire purchase contracts (see note 10)

622,150

896,893

Amounts owed to group undertakings

-

261,070

Other creditors

-

237,617

622,150

1,395,580

Amounts falling due in more than five years:

Repayable by instalments

Hire purchase

44,214

99,987

10.	Leasing agreements

Minimum lease payments under hire purchase fall due as follows:

2024

2023

£

£

Net obligations repayable:

Within one year

275,244

329,140

Between one and five years

577,936

796,906

In more than five years

44,214

99,987

897,394

1,226,033

11.	Secured debts

The following secured debts are included within creditors:

2024

2023

£

£

Hire purchase

897,394

1,226,033

Hire purchase agreements are secured over the assets to which they relate.

12.	Provisions for liabilities

2024

2023

£

£

Deferred tax

501,763

247,567

Deferred tax

£

Balance at 1 January 2024

247,567

Provided during year

254,196

accelerated capital allowances

Balance at 31 December 2024

501,763

13.	Related party disclosures

The company has provided security on behalf of its parent company in the form of a fixed and floating charge over the assets of the company for bank loans advanced to and owed by the parent company.