CHEADLE SKIP HIRE LIMITED

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 05353619

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		-		2,500
Tangible Assets	5		2,466,737		2,190,114

			2,466,737		2,192,614
CURRENT ASSETS
Stocks	6	4,432		5,439
Debtors	7	166,440		206,610
Cash at bank and in hand		176,627		74,625

		347,499		286,674
Creditors: Amounts Falling Due Within One Year	8	(748,144 )		(609,756 )

NET CURRENT ASSETS (LIABILITIES)			(400,645 )		(323,082 )

TOTAL ASSETS LESS CURRENT LIABILITIES			2,066,092		1,869,532

Creditors: Amounts Falling Due After More Than One Year	9		(529,753 )		(626,217 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(382,893 )		(376,806 )

NET ASSETS			1,153,446		866,509

CAPITAL AND RESERVES
Called up share capital	11		100		100
Profit and Loss Account			1,153,346		866,409

SHAREHOLDERS' FUNDS			1,153,446		866,509

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CHEADLE SKIP HIRE LIMITED

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mrs L Bradshaw

Director

03/09/2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

CHEADLE SKIP HIRE LIMITED Registered number 05353619 is a limited by shares company incorporated in England & Wales. The Registered Office is Unit 24 Adswood Industrial Estate, Adswood Road, Stockport, Cheshire, SK3 8LF.

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. Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 20 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. 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:

Freehold	10% reducing balance
Leasehold	10% reducing balance
Plant & Machinery	22% reducing balance
Motor Vehicles	25% reducing balance
Fixtures & Fittings	25% reducing balance

2.5. 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.

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.7. Taxation

The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.

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CHEADLE SKIP HIRE LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

3. Average Number of Employees

Average number of employees, including directors, during the year was:

	2025	2024
Office and administration	8	8
Sales, marketing and distribution	25	25

	33	33

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 April 2024	50,000

As at 31 March 2025	50,000

Amortisation
As at 1 April 2024	47,500
Provided during the period	2,500

As at 31 March 2025	50,000

Net Book Value
As at 31 March 2025	-

As at 1 April 2024	2,500

5. Tangible Assets

	Land & Property
	Freehold	Leasehold	Plant & Machinery	Motor Vehicles
	£	£	£	£
Cost
As at 1 April 2024	109,119	157,701	2,733,719	1,097,112
Additions	-	222,296	190,936	484,790
Disposals	-	-	(55,000 )	(272,206 )

As at 31 March 2025	109,119	379,997	2,869,655	1,309,696

Depreciation
As at 1 April 2024	52,101	33,854	1,286,147	574,608
Provided during the period	7,384	22,662	330,189	141,282
Disposals	-	-	(32,728 )	(171,516 )

As at 31 March 2025	59,485	56,516	1,583,608	544,374

Net Book Value
As at 31 March 2025	49,634	323,481	1,286,047	765,322

As at 1 April 2024	57,018	123,847	1,447,572	522,504

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CHEADLE SKIP HIRE LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025


	Fixtures & Fittings	Total
	£	£
Cost
As at 1 April 2024	91,836	4,189,487
Additions	13,949	911,971
Disposals	-	(327,206 )

As at 31 March 2025	105,785	4,774,252

Depreciation
As at 1 April 2024	52,663	1,999,373
Provided during the period	10,869	512,386
Disposals	-	(204,244 )

As at 31 March 2025	63,532	2,307,515

Net Book Value
As at 31 March 2025	42,253	2,466,737

As at 1 April 2024	39,173	2,190,114

Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:

	2025	2024
	£	£
Plant & Machinery	656,214	718,093
Motor Vehicles	675,253	336,677

	1,331,467	1,054,770

6. Stocks

	2025	2024
	£	£
Stock	4,432	5,439

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	104,157	145,142
Prepayments and accrued income	31,128	29,389
Other debtors	9,124	10,048

	144,409	184,579
Due after more than one year
Corporation tax recoverable assets	22,031	22,031

	166,440	206,610

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CHEADLE SKIP HIRE LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	418,169	160,928
Trade creditors	170,546	181,706
Other taxes and social security	20,047	17,142
VAT	21,348	88,898
Accruals and deferred income	4,331	4,166
Directors' loan accounts	168,999	212,512
Amounts owed to group undertakings	(55,296 )	(55,596 )

	748,144	609,756

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

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	529,753	626,217

10. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	418,169	160,928
Later than one year and not later than five years	529,753	626,217

	947,922	787,145

	947,922	787,145

11. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

12. Other Commitments

At the end of the period the company had minimum lease payments under non-cancellable leases as follows:

	2025	2024
	£	£
Not later than one year	29,147	43,720
Later than one year and not later than five years	43,720	58,293

	72,867	102,013

13. Related Party Transactions

During the year rents were paid to the directors in the amount of £34,170 (2024 £34,170)

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