Cheap as Skips Limited - Filleted accounts

Registered number

10449911

Cheap as Skips Limited

Filleted Accounts

31 March 2025

Cheap as Skips Limited
Registered number:		10449911
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		68,549			103,261

Current assets
Stocks		-			1,555
Debtors	4	131,439			144,849
Cash at bank and in hand		177,451			152,502
		308,890			298,906

Creditors: amounts falling due within one year	5	(162,201)			(206,885)

Net current assets			146,689			92,021

Total assets less current liabilities			215,238			195,282

Creditors: amounts falling due after more than one year	6		(9,419)			(41,436)

Provisions for liabilities			(8,078)			(14,767)


Net assets			197,741			139,079

Capital and reserves
Called up share capital			1,000			1,000
Profit and loss account			196,741			138,079

Shareholders' funds			197,741			139,079

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.




H Y Price
Director
Approved by the board on 24 December 2025

Cheap as Skips Limited
Notes to the Accounts
for the year ended 31 March 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:

	Plant and machinery	20% straight line
	Motor vehicles	25% straight line

	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.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.

2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			7		8


3	Tangible fixed assets
		Plant and machinery		Motor vehicles		Total
£			£		£
	Cost
	At 1 April 2024	565,174		40,073		605,247
	Additions	12,850		-		12,850
	At 31 March 2025	578,024		40,073		618,097

	Depreciation
	At 1 April 2024	497,812		4,174		501,986
	Charge for the year	37,544		10,018		47,562
	At 31 March 2025	535,356		14,192		549,548

	Net book value
	At 31 March 2025	42,668		25,881		68,549
	At 31 March 2024	67,362		35,899		103,261


4	Debtors			2025		2024
£					£

	Trade debtors			131,439		142,451
	Other debtors			-		2,398
				131,439		144,849


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

	Obligations under finance lease and hire purchase contracts			32,016		45,475
	Trade creditors			46,248		59,854
	Taxation and social security costs			73,238		73,440
	Other creditors			10,699		28,116
				162,201		206,885


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

	Obligations under finance lease and hire purchase contracts			9,419		41,436


7	Other information

	Cheap as Skips Limited is a private company limited by shares and incorporated in England. Its registered office is:
	2 Drummer Lane
	Bolster Moor, Golcar
	Huddersfield
	West Yorkshire
	HD7 4JT