REGISTERED NUMBER: 04829675 (England and Wales)

AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

ALAN'S SKIP HIRE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

N A D Hassall

J P Fray

S J Rymill

SECRETARY:

S L Haycock

REGISTERED OFFICE:

The Mill

Morton

Oswestry

Shropshire

SY10 8BH

REGISTERED NUMBER:

04829675 (England and Wales)

AUDITORS:

D.R.E. & Co. (Audit) Limited

Kingsland House

39 Abbey Foregate

Shrewsbury

Shropshire

SY2 6BL

FIXED ASSETS

Intangible assets

5

-

-

Tangible assets

6

1,894,899

1,946,933

1,894,899

1,946,933

CURRENT ASSETS

Stocks

7

41,237

39,674

Debtors

8

1,360,088

980,553

Cash at bank

371,555

408,326

1,772,880

1,428,553

CREDITORS

Amounts falling due within one year

9

2,161,570

1,825,829

NET CURRENT LIABILITIES

(388,690

)

(397,276

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,506,209

1,549,657

CREDITORS

Amounts falling due after more than one year

10

(429,132

)

(586,316

)

PROVISIONS FOR LIABILITIES

14

(70,891

)

(12,398

)

NET ASSETS

1,006,186

950,943

CAPITAL AND RESERVES

Called up share capital

15

200,003

200,003

Share premium

450,000

450,000

Retained earnings

356,183

300,940

SHAREHOLDERS' FUNDS

1,006,186

950,943

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 10 December 2025 and were signed on its behalf by:

N A D Hassall - Director

1.	STATUTORY INFORMATION

Alan's Skip Hire Limited is a private company, limited by shares, incorporated and registered in England and Wales. The company's registered number and registered office can be found on the Company Information page.

The company's principal place of business is Unit 16 Wilkinson Court, Clywedog Road South, Wrexham Industrial Estate, Wrexham, LL13 9AE

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 historic cost convention as modified by the revaluation of certain assets.

The financial statements are for the individual entity only.

The financial statements are presented in sterling (£), rounded to the nearest £1.

At the balance sheet date the company had net current liabilities of £388,690 (2024: £397,276). As shown in the creditors due within one year note, there are amounts owed to group companies of £760,262 (2024: £248,315). The directors have reviewed the support of group companies and fully expect it to continue for the foreseeable future and have therefore prepared the financial statements on a going concern basis.

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax. Turnover is recognised when the goods are physically delivered and services are provided to the customer.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Tangible fixed assets are stated at historic cost less accumulated depreciation. Costs include original purchase price of the asset and the costs attributable to bringing the asset to its working condition for its intended use.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life to its estimated residual value:

Plant and machinery

- 50% on cost, 33% on cost, 25% on cost and at varying rates between 10-20% on cost

Fixtures and fittings

- 50% on cost, 33% on cost and 20% on cost

Motor vehicles

- 33% on cost, 25% on cost and at varying rates between 10-20% on cost

Stocks

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

Financial instruments

The company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments.

(i) Financial assets

Basic financial assets, including trade and other receivables and cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss.

If there is decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party, or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

(ii) Financial liabilities

Basic financial liabilities, including trade and other payables, bank loans and loans from fellow group companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Fees paid on the establishment of loan facilities are recognised as transaction costs of the loan to the extent that it is probable that some or all of the facility will be drawn down. In this case, the fee is deferred until the draw-down occurs. To the extent there is no evidence that it is probable that some or all of the facility will be drawn down, the fee is capitalised as a pre-payment for liquidity services and amortised over the period of the facility to which it relates.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 55 (2024 - 48 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

399,261

AMORTISATION

At 1 April 2024

and 31 March 2025

399,261

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

Goodwill relates to the acquisition of a business on 1 September 2003 and is the difference between the amount paid and the fair value of the tangible assets acquired.

6.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 April 2024

2,718,315

826,541

4,292,436

7,837,292

Additions

424,129

52,753

125,677

602,559

Disposals

(175,900

)

-

(434,533

)

(610,433

)

At 31 March 2025

2,966,544

879,294

3,983,580

7,829,418

DEPRECIATION

At 1 April 2024

2,250,811

295,452

3,344,096

5,890,359

Charge for year

155,445

73,409

405,399

634,253

Eliminated on disposal

(166,142

)

-

(423,951

)

(590,093

)

At 31 March 2025

2,240,114

368,861

3,325,544

5,934,519

NET BOOK VALUE

At 31 March 2025

726,430

510,433

658,036

1,894,899

At 31 March 2024

467,504

531,089

948,340

1,946,933

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 April 2024

1,353,902

Additions

109,677

Disposals

(110,281

)

Transfer to ownership

(680,113

)

At 31 March 2025

673,185

DEPRECIATION

At 1 April 2024

569,576

Charge for year

193,113

Eliminated on disposal

(106,837

)

Transfer to ownership

(550,707

)

At 31 March 2025

105,145

NET BOOK VALUE

At 31 March 2025

568,040

At 31 March 2024

784,326

7.

STOCKS

31.3.25

31.3.24

£

£

Fuel stocks

41,237

39,674

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

751,968

758,833

Amounts owed by group undertakings

311,556

19,200

Amounts owed by related parties

-

2,545

Corporation tax

102,030

42,393

Prepayments and accrued income

194,534

157,582

1,360,088

980,553

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other loans (see note 11)

115,758

112,387

Hire purchase contracts (see note 12)

114,000

171,009

Trade creditors

664,526

929,295

Amounts owed to group undertakings

760,262

248,315

Social security and other taxes

307,764

99,820

Other creditors

32,737

29,718

Amounts owed to related parties

-

54,252

Accrued expenses

166,523

181,033

2,161,570

1,825,829

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Other loans (see note 11)

145,632

261,390

Hire purchase contracts (see note 12)

283,500

324,926

429,132

586,316

11.

LOANS

An analysis of the maturity of loans is given below:

31.3.25

31.3.24

£

£

Amounts falling due within one year or on demand:

Shareholder loan

115,758

112,387

Amounts falling due between one and two years:

Shareholder loan

119,231

115,758

Amounts falling due between two and five years:

Shareholder loan

26,401

145,632

Included within creditors due after more than one year is a loan from LAF Holdings Ltd, the ultimate parent company.

12.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31.3.25

31.3.24

£

£

Gross obligations repayable:

Within one year

130,797

190,533

Between one and five years

325,260

372,669

456,057

563,202

Finance charges repayable:

Within one year

16,797

19,524

Between one and five years

41,760

47,743

58,557

67,267

Net obligations repayable:

Within one year

114,000

171,009

Between one and five years

283,500

324,926

397,500

495,935

Non-cancellable

operating leases

31.3.25

31.3.24

£

£

Within one year

4,167

4,167

13.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Hire purchase contracts

397,500

495,935

A Composite Accounting Agreement is also in place in respect of bank borrowings and this is further explained in the contingent liabilities note.

Hire purchase liabilities are secured upon the assets to which they relate. In addition to the assets detailed in the fixed assets note there is an asset with cost £96,500 (2024: £96,500) and net book value £nil (2024: £nil) on the balance sheet of fellow subsidiary company Alan's Skip Hire Wales Limited.

14.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Deferred tax

Accelerated capital allowances

70,891

12,398

Deferred

tax

£

Balance at 1 April 2024

12,398

Charge to Income Statement during year

58,493

Balance at 31 March 2025

70,891

15.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

200,002

Ordinary A

£1

200,002

200,002

Ordinary A shares are entitled to full voting rights and dividends.

Ordinary B shares carry no voting rights and are only entitled to dividends when net trading profit after taxation exceeds £5,000,000 per annum.

16.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Francis Nock F.C.C.A. (Senior Statutory Auditor)

for and on behalf of D.R.E. & Co. (Audit) Limited

17.	CONTINGENT LIABILITIES

During a prior year the company entered into a Composite Accounting Agreement with its parent company and fellow subsidiaries. Under the terms of the agreement and the guarantees given, the bank is authorised to allow set-off for interest purposes and in certain circumstances offset bank balances against liabilities within the Composite Accounting System.

The contingent liability for the company at 31 March 2025 in respect of group bank borrowings amounted to £nil (2024: £nil).

During a prior year the company entered into a deed of guarantee with a fellow subsidiary of the parent company. This provided a fixed and floating charge over assets of the company to secure all liabilities owed to Barclays Bank Plc.

18.	RELATED PARTY DISCLOSURES

During the period, transactions occurred between Alan's Skip Hire Limited and other related parties. Details of these transactions are as follows:

2025

2024

£

£

Purchases and management charges from related party

32,641

83,113

Sales and management charges to related party

2,334,299

2,417,343

Amounts due from related party

278,017

19,200

Amounts due to related party

119,925

144,255

Loan due to related party

261,390

373,777

Capital repayments made

120,000

120,000

Interest charged from

7,613

10,887

The immediate parent company is ASH Group (UK) Limited. ASH Group (UK) Limited is the parent of the smallest group for which consolidated financial statements are prepared, which include Alan's Skip Hire Limited.

The ultimate parent company is LAF Holdings Limited. LAF Holdings Limited is the parent of the largest group for which consolidated financial statements are prepared, which include Alan's Skip Hire Limited.

The registered office of both the immediate parent company and the ultimate parent company is the same as that of Alan's Skip Hire Limited. Group accounts are freely available from Companies House.

19.	ULTIMATE CONTROLLING PARTY