K&J SKIP HIRE LTD - Filleted accounts

Registered number

11827757

K&J SKIP HIRE LTD

Filleted Accounts

28 February 2025

K&J SKIP HIRE LTD
Registered number:		11827757
Balance Sheet
as at 28 February 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		257,512			140,007

Current assets
Debtors	4	19,664			3,162
Cash at bank and in hand		13,225			23,762
		32,889			26,924

Creditors: amounts falling due within one year	5	(316,494)			(184,923)

Net current liabilities			(283,605)			(157,999)

Total assets less current liabilities			(26,093)			(17,992)

Creditors: amounts falling due after more than one year	6		(11,666)			(21,497)



Net liabilities			(37,759)			(39,489)

Capital and reserves
Called up share capital			300			300
Profit and loss account			(38,059)			(39,789)

Shareholders' funds			(37,759)			(39,489)

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr Kamaljit Singh
Director
Approved by the board on 28 November 2025

K&J SKIP HIRE LTD
Notes to the Accounts
for the year ended 28 February 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings	over 50 years
	Leasehold land and buildings	over the lease term
	Plant and machinery	over 5 years
	Fixtures, fittings, tools and equipment	over 5 years

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			5		2


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 March 2024	24,701		171,987		196,688
	Additions	124,116		22,000		146,116
	At 28 February 2025	148,817		193,987		342,804

	Depreciation
	At 1 March 2024	8,777		47,904		56,681
	Charge for the year	14,003		14,608		28,611
	At 28 February 2025	22,780		62,512		85,292

	Net book value
	At 28 February 2025	126,037		131,475		257,512
	At 29 February 2024	15,924		124,083		140,007


4	Debtors			2025		2024
£					£

	Trade debtors			4,498		3,162
	Other debtors			15,166		-
				19,664		3,162


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Director's account			109,039		117,461
	Bank loans and overdrafts			84,215		36,815
	Trade creditors			47,743		2,943
	Taxation and social security costs			18,751		(5,522)
	Other creditors			56,746		33,226
				316,494		184,923


6	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loans			11,666		21,497


7	Related party transactions

	Mr Kamaljit Singh is the director and 100% shareholder of the company, The director loaned £117,461.00 in 2022 and £109,039.00 in 2025


8	Controlling party

	Mr Kamajit Singh is the director and 100% shareholder of the company, Mr Kamaljit singh is ultimae controlling party of the company.


9	Other information

	K&J SKIP HIRE LTD is a private company limited by shares and incorporated in England. Its registered office is:
	11 Atcost Road
	Barking
	Essex
	IG11 0QE