Company Registration No. 05497712 (England and Wales)
Specialist Skip Hire Limited
Unaudited accounts
for the year ended 31 July 2025
Specialist Skip Hire Limited
Unaudited accounts
Contents
Specialist Skip Hire Limited
Company Information
for the year ended 31 July 2025
Directors
Mr A G Burnard
Mr D Honey
Company Number
05497712 (England and Wales)
Registered Office
122 Fore Street
Saltash
Cornwall
PL12 6JW
England
Accountants
Blackwell Bate Ltd
Brunel Court
122 Fore Street
Saltash
Cornwall
PL12 6JW
Specialist Skip Hire Limited
Statement of financial position
as at 31 July 2025
Intangible assets
2,935
25,254
Tangible assets
2,603,785
2,676,092
Cash at bank and in hand
152,884
140,570
Creditors: amounts falling due within one year
(1,313,583)
(1,104,284)
Net current liabilities
(372,080)
(217,860)
Total assets less current liabilities
2,234,640
2,483,486
Creditors: amounts falling due after more than one year
(343,816)
(493,835)
Provisions for liabilities
Deferred tax
(286,012)
(275,856)
Net assets
1,604,812
1,713,795
Called up share capital
1
1
Revaluation reserve
1,029,324
1,029,324
Profit and loss account
575,487
684,470
Shareholders' funds
1,604,812
1,713,795
For the year ending 31 July 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 8 April 2026 and were signed on its behalf by
Mr A G Burnard
Director
Company Registration No. 05497712
Specialist Skip Hire Limited
Notes to the Accounts
for the year ended 31 July 2025
Specialist Skip Hire Limited is a private company, limited by shares, registered in England and Wales, registration number 05497712. The registered office is 122 Fore Street, Saltash, Cornwall, PL12 6JW, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Amortisation has been calculated on a straight line basis over 10 years.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
1% Straight line method
Plant & machinery
15% reducing balance method, 10% reducing balance method and 1% Straight line method
Motor vehicles
10% reducing balance method
Fixtures & fittings
15% reducing balance method
Specialist Skip Hire Limited
Notes to the Accounts
for the year ended 31 July 2025
Goodwill arising on the acquisition of an entity reoresents the excess of the cost of acquisition over the company's interest in the net fair value of the identifiable assets, liabilitis and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairement losses. Goodwill is held in the currency of the acquired entity. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.
Stocks have been valued at the lower of cost and estimated selling price less costs to complete and sell. Costs include all costs of purchase, costs and conversion and other costs incurred in bringing the stocks to their present location and condition.
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the leassee.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Intangible fixed assets
Goodwill
Other
Total
At 1 August 2024
29,356
24,361
53,717
Disposals
-
(24,361)
(24,361)
At 31 July 2025
29,356
-
29,356
At 1 August 2024
23,485
4,978
28,463
On disposals
-
(4,978)
(4,978)
Charge for the year
2,936
-
2,936
At 31 July 2025
26,421
-
26,421
At 31 July 2025
2,935
-
2,935
At 31 July 2024
5,871
19,383
25,254
Specialist Skip Hire Limited
Notes to the Accounts
for the year ended 31 July 2025
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 August 2024
581,190
1,496,993
1,756,236
86,752
3,921,171
Additions
-
47,441
6,000
1,647
55,088
Disposals
-
-
-
(7,000)
(7,000)
At 31 July 2025
581,190
1,544,434
1,762,236
81,399
3,969,259
At 1 August 2024
132,218
316,130
747,936
48,795
1,245,079
Charge for the year
5,812
42,769
70,046
5,150
123,777
On disposals
-
-
-
(3,382)
(3,382)
At 31 July 2025
138,030
358,899
817,982
50,563
1,365,474
At 31 July 2025
443,160
1,185,535
944,254
30,836
2,603,785
At 31 July 2024
448,972
1,180,863
1,008,300
37,957
2,676,092
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Plant & machinery
115,200
128,000
- Motor vehicles
552,549
579,738
Amounts falling due within one year
Trade debtors
648,993
549,714
Other debtors
139,626
179,291
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
52,568
60,788
Obligations under finance leases and hire purchase contracts
99,938
145,661
Trade creditors
426,454
338,315
Taxes and social security
153,787
112,206
Other creditors
580,836
447,314
The amount owed in respect of factored receivables was £432,340 (2024 - £385,624)
Bank loans are secured by a fixed and floating charge. The CBILS loan benefits from a government guarantee.
Specialist Skip Hire Limited
Notes to the Accounts
for the year ended 31 July 2025
8
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
143,166
195,547
Obligations under finance leases and hire purchase contracts
200,650
298,288
Bank loans are secured by a fixed and floating charge. The CBILS loan benefits from a government guarantee.
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
10
Average number of employees
During the year the average number of employees was 38 (2024: 35).