REGISTERED NUMBER: 05949441 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

Baileys Skip Hire and Recycling Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N D Bailey

P J Tyler

Mrs L Bailey

SECRETARY:

Mrs L Bailey

REGISTERED OFFICE:

4 Heritage Way

Corby

Northamptonshire

NN17 5XW

REGISTERED NUMBER:

05949441 (England and Wales)

ACCOUNTANTS:

Carter & Co

19 Warren Park Way

Enderby

Leicester

LE19 4SA

FIXED ASSETS

Tangible assets

4

11,648,806

11,459,968

CURRENT ASSETS

Stocks

110,890

49,300

Debtors

5

1,481,723

1,211,990

Cash at bank

764,247

723,045

2,356,860

1,984,335

CREDITORS

Amounts falling due within one year

6

1,825,635

1,371,792

NET CURRENT ASSETS

531,225

612,543

TOTAL ASSETS LESS CURRENT LIABILITIES

12,180,031

12,072,511

CREDITORS

Amounts falling due after more than one year

7

(2,059,467

)

(2,346,227

)

PROVISIONS FOR LIABILITIES

(2,269,702

)

(2,061,066

)

NET ASSETS

7,850,862

7,665,218

CAPITAL AND RESERVES

Called up share capital

8

75,000

75,000

Revaluation reserve

9

4,137,783

3,832,758

Retained earnings

3,638,079

3,757,460

SHAREHOLDERS' FUNDS

7,850,862

7,665,218

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 February 2026 and were signed on its behalf by:

N D Bailey - Director

1.	STATUTORY INFORMATION

Baileys Skip Hire and Recycling Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance, 20% on reducing balance and 7.5% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 41 (2024 - 45 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST OR VALUATION

At 1 January 2025

6,227,713

9,207,303

15,435,016

Additions

95,161

871,318

966,479

Disposals

-

(575,500

)

(575,500

)

Revaluations

406,701

-

406,701

At 31 December 2025

6,729,575

9,503,121

16,232,696

DEPRECIATION

At 1 January 2025

-

3,975,048

3,975,048

Charge for year

-

978,357

978,357

Eliminated on disposal

-

(369,515

)

(369,515

)

At 31 December 2025

-

4,583,890

4,583,890

NET BOOK VALUE

At 31 December 2025

6,729,575

4,919,231

11,648,806

At 31 December 2024

6,227,713

5,232,255

11,459,968

The land was valued in accordance with the current RICS valuation - Global standards on the basis of market value and in accordance with FRS102 - the Financial Reporting Standard as defined in UK and Ireland Generally Accepted Accounting Practice ('UK GAAP'). This was completed by Lambert Smith Hampton Valuations on 31st December 2025.

The property was valued in accordance with RICS Professional Statement and in accordance with FRS102 - the Financial Reporting Standard as defined in UK and Ireland Generally Accepted Accounting Practice ('UK GAAP').and is on the basis of estimated reinstatement building cost. This was completed on 12th December 2023 by Securus Risk Advisors and in the opinion of the directors continues to represent the market value at the balance sheet date.

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 January 2025

4,336,368

Additions

739,000

Transfer to ownership

(652,500

)

At 31 December 2025

4,422,868

DEPRECIATION

At 1 January 2025

1,427,070

Charge for year

109,917

Transfer to ownership

(396,070

)

At 31 December 2025

1,140,917

NET BOOK VALUE

At 31 December 2025

3,281,951

At 31 December 2024

2,909,298

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

1,390,590

1,140,593

Other debtors

91,133

71,397

1,481,723

1,211,990

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans and overdrafts

28,261

22,564

Hire purchase contracts

721,777

723,123

Trade creditors

668,204

410,728

Taxation and social security

187,650

163,912

Other creditors

219,743

51,465

1,825,635

1,371,792

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans

752,858

783,041

Hire purchase contracts

1,306,609

1,563,186

2,059,467

2,346,227

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

£

75,000

Ordinary

£1.00

75,000

75,000

9.

RESERVES

Revaluation

reserve

£

At 1 January 2025

3,832,758

Transfer to profit and loss

305,025

At 31 December 2025

4,137,783