BEDALE SKIP HIRE LIMITED


Directors	FARROW, Benjamin James
	FARROW, Bernard
	FARROW, Eleanor Kate


Registered Address	Knabs Quarry
	Masham Road
	Bedale
	DL8 2SD


Registered Number	08564373 (England and Wales)

Notes to the Financial Statements
for the year ended 30 June 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	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/or 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.

Turnover policy

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/or 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.

	Defined contribution pension plan
	The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in other creditors in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. 

Contributions to defined contribution plans are expensed in the period to which they relate.  Amounts not paid are shown in other creditors in the Statement of Financial Position.  The assets of the plan are held separately from the company in independently administered funds.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	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.

Deferred tax

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.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

	Amortisation
	Intangible assets are not permitted to have an indefinite life and must be amortised over their estimated useful life. The estimated useful life has been set at 7 years and the asset will be amortised on a straight line basis over that period.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation has been provided as 10% for Leasehold property and 2% for Freehold property. Depreciation is provided on all tangible fixed assets as follows:

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. 

The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement

Depreciation has been provided as 10% for Leasehold property and 2% for Freehold property.

Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Land and buildings	10
	Plant and machinery	15
	Fixtures and fittings	15
	Vehicles	15
	Office Equipment	15

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the Statement of Financial Position. They are depreciated over the shorter of their useful lives or the term of the lease. All other lease arrangements are classified as an operating lease

	Trade and other 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.

Trade and other 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.

	Trade and other 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.

	Financial instruments
	The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	11		11

3.	Intangible assets

	Other	Total
	£	£
Cost or valuation
At 01 July 24	3,126	3,126
At 30 June 25	3,126	3,126
Amortisation and impairment
At 01 July 24	974	974
Charge for year	450	450
At 30 June 25	1,424	1,424
Net book value
At 30 June 25	1,702	1,702
At 30 June 24	2,152	2,152

4.	Tangible fixed assets

	Land & buildings	Plant & machinery	Vehicles	Fixtures & fittings	Office Equipment	Total
	£	£	£	£	£	£
Cost or valuation
At 01 July 24	274,014	547,437	632,914	14,491	4,639	1,473,495
Additions	-	246,207	101,000	3,754	1,078	352,039
Disposals	-	-	(81,000)	-	-	(81,000)
At 30 June 25	274,014	793,644	652,914	18,245	5,717	1,744,534
Depreciation and impairment
At 01 July 24	19,681	228,759	180,843	3,838	1,602	434,723
Charge for year	5,887	66,018	62,744	2,046	596	137,291
On disposals	-	-	(30,389)	-	-	(30,389)
At 30 June 25	25,568	294,777	213,198	5,884	2,198	541,625
Net book value
At 30 June 25	248,446	498,867	439,716	12,361	3,519	1,202,909
At 30 June 24	254,333	318,678	452,071	10,653	3,037	1,038,772

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	106,895	115,692
Other debtors	15,446	70,619
Prepayments and accrued income	3,723	4,076
Total	126,064	190,387

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	180,184	34,551
Bank borrowings and overdrafts	9,955	9,969
Amounts owed to related parties	917	674
Taxation and social security	31,299	83,327
Finance lease and HP contracts	93,617	91,731
Other creditors	704	513
Accrued liabilities and deferred income	5,114	6,724
Total	321,790	227,489


	Hire Purchase creditors are secured by the asset to which they relate.

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	3,394	13,363
Other creditors	179,309	140,753
Total	182,703	154,116


	Finance lease and Hire Purchase contracts amounting to £179,309 (2024 - £140,753) are included within other creditors. Hire Purchase creditors are secured by the asset to which they relate.

8.	Provisions for liabilities
	The provision for deferred tax is made up of £240,200 in respect of accelerated capital allowances.

	2025	2024
	£	£
Net deferred tax liability (asset)	240,200	197,000
Total	240,200	197,000

9.	Directors advances, credits and guarantees
	On 1 July 2024 a Director owed the Company £45,764. During the period this director was advanced a further £67,930 and repaid £113,840. As at 30 June 2025 the Company owed this Director £145. Interest was charged at the HMRC official rate.

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	3		1,702		2,152
Tangible assets	4		1,202,909		1,038,772
			1,204,611		1,040,924
Current assets
Debtors	5	126,064		190,387
Cash at bank and on hand		348,936		315,224
		475,000		505,611
Creditors amounts falling due within one year	6	(321,790)		(227,489)
Net current assets (liabilities)			153,210		278,122
Total assets less current liabilities			1,357,821		1,319,046
Creditors amounts falling due after one year	7		(182,703)		(154,116)
Provisions for liabilities	8		(240,200)		(197,000)
Net assets			934,918		967,930
Capital and reserves
Called up share capital			100		10
Profit and loss account			934,818		967,920
Shareholders' funds			934,918		967,930