Calder Valley Skip Hire Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—6

1. General Information

Calder Valley Skip Hire Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03861770 . The registered office is 5 Mitchell Court, Castle Mound way, Rugby , Warwickshire, CV23 0UY.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors note the general risk factors and uncertainties of the current economic environment, but notwithstanding those factors neither the company nor the group are considered to face a threat to their ability to continue in operational existence for the period of at least 12 months from the date of signing this report. Accordingly, the financial statements have been prepared on a going concern basis.

2.3. Significant judgements and estimations

In application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carry amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based historical experience and other factors that are considered relevant. Actual results may differ from the estimates.

The estimates and underlying assumptions are reviewed on a going basis. Revision to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision effects both current and future periods.

2.4. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

2.5. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are .... It is amortised to the profit and loss account over its estimated economic life of 4 years.

2.6. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	10% on cost
Plant & Machinery	10% on cost
Motor Vehicles	25% on cost
Fixtures & Fittings	15% on cost
Computer Equipment	25% on cost

2.7. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

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Calder Valley Skip Hire Limited

Notes to the Financial Statements (continued)

For the Period 1 October 2023 to 31 December 2024

2.8. Financial Instruments

The company has elected to apply the provisions of section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitues a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangement entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies, are initially recognised at transaction price unless the arrangement consitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

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

2.9. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the period, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the period was: 30 (2023: 22)

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Calder Valley Skip Hire Limited

Notes to the Financial Statements (continued)

For the Period 1 October 2023 to 31 December 2024

4. Intangible Assets

	Other
	£
Cost
As at 1 October 2023	-
Additions	75,521

As at 31 December 2024	75,521

Amortisation
As at 1 October 2023	-
Provided during the period	16,874

As at 31 December 2024	16,874

Net Book Value
As at 31 December 2024	58,647

As at 1 October 2023	-

5. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£	£
Cost
As at 1 October 2023	-	1,480,037	727,000	84,635	2,291,672
Additions	51,975	1,423,600	126,000	11,596	1,613,171

As at 31 December 2024	51,975	2,903,637	853,000	96,231	3,904,843

Depreciation
As at 1 October 2023	-	606,160	573,042	59,865	1,239,067
Provided during the period	5,036	216,596	60,156	5,234	287,022

As at 31 December 2024	5,036	822,756	633,198	65,099	1,526,089

Net Book Value
As at 31 December 2024	46,939	2,080,881	219,802	31,132	2,378,754

As at 1 October 2023	-	873,877	153,958	24,770	1,052,605

6. Debtors

	31 December 2024	30 September 2023
	£	£
Due within one year
Trade debtors	592,576	1,187,059
Amounts owed by group undertakings	675,481	791,904
Other debtors	126,800	32,170

	1,394,857	2,011,133

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Calder Valley Skip Hire Limited

Notes to the Financial Statements (continued)

For the Period 1 October 2023 to 31 December 2024

7. Creditors: Amounts Falling Due Within One Year

	31 December 2024	30 September 2023
	£	£
Net obligations under finance lease and hire purchase contracts	443,556	-
Trade creditors	838,979	1,238,482
Bank loans and overdrafts	-	11,600
Amounts owed to group undertakings	689,234	-
Amounts owed to participating interests	20,044	-
Other creditors	236,403	1,155,574
Taxation and social security	73,458	23,686

	2,301,674	2,429,342

8. Creditors: Amounts Falling Due After More Than One Year

	31 December 2024	30 September 2023
	£	£
Net obligations under finance lease and hire purchase contracts	629,872	-

9. Obligations Under Finance Leases and Hire Purchase

	31 December 2024	30 September 2023
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	443,556	-
Later than one year and not later than five years	629,872	-

	1,073,428	-

	1,073,428	-

10. Share Capital

	31 December 2024	30 September 2023
	£	£
Allotted, Called up and fully paid	150	150

11. Post Balance Sheet Events

On the 12 February 2025 the entire share capital of Fenix Bridge Investments Limited, the parent company, was purchased by Fenix Bridge Holdings Limited. The ulitmate controlling party remains I Fenny.

12. Related Party Disclosures

The company has taken advantage of exemption, under 33.1A of the Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", not to disclose transactions with wholly owned subsidiaries within the group.

Davidson Property and Solutions Limited

Under common control

During the year the company lent Davidson Propery and Development £40,000, this was still outstanding at the year end. The company also purchased goods and services from Davidosn Property and Development Limited at the year end the company owed £20,044.

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Calder Valley Skip Hire Limited

Notes to the Financial Statements (continued)

For the Period 1 October 2023 to 31 December 2024

13. Controlling Parties

The company's immediate parent undertaking is NWM Holdings Limited .

The ultimate parent undertaking and that of the smallest and largest group for which group accounts are drawn up of which the company is a member is Fenix Bridge Investments Ltd (incorporated in England & Wales). Its registered office is Henge Barn Pury Hill Business Park, Alderton Road, Towcester, Northamptonshire, England, NN12 7LS .

Copies of the group accounts may be obtained from the company's registered office.

The company's ultimate controlling party is I P Fenny by virtue of their interest in the share capital of the company.

14. Exceptional Items

An exercise was undertaken following the purchase of the company by the group to write off historic unknown differences on the balance sheet.

15. FRC's Ethical Standard - Provision Available for Small Entities

In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

16. Audit Information

The auditor's report on the accounts of Calder Valley Skip Hire Limited for the period ended 31 December 2024 was unqualified.

The auditor's report was signed by K R Witchell (Senior Statutory Auditor) for and on behalf of KRW Accountants Ltd , Statutory Auditor.

KRW Accountants Ltd

Henge Barn Pury Hill Business Park

Alderton Road

Towcester

Northamptonshire

NN12 7LS

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		31 December 2024		30 September 2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		58,647		-
Tangible Assets	5		2,378,754		1,052,605

			2,437,401		1,052,605
CURRENT ASSETS
Debtors	6	1,394,857		2,011,133
Cash at bank and in hand		77,494		1,159

		1,472,351		2,012,292
Creditors: Amounts Falling Due Within One Year	7	(2,301,674 )		(2,429,342 )

NET CURRENT ASSETS (LIABILITIES)			(829,323 )		(417,050 )

TOTAL ASSETS LESS CURRENT LIABILITIES			1,608,078		635,555

Creditors: Amounts Falling Due After More Than One Year	8		(629,872 )		-

PROVISIONS FOR LIABILITIES
Deferred Taxation			(480,839 )		(247,405 )

NET ASSETS			497,367		388,150

CAPITAL AND RESERVES
Called up share capital	10		150		150
Profit and Loss Account			497,217		388,000

SHAREHOLDERS' FUNDS			497,367		388,150