REGISTERED NUMBER: 03938795 (England and Wales)

A RIDDEL AND SONS SCRAP METAL AND SKIP

HIRE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 MARCH 2025

Page

Company Information

1

Statement of Financial Position

2

to

3

Notes to the Financial Statements

4

to

9

DIRECTOR:

A G Riddel

REGISTERED OFFICE:

Hemingby Lane

Horncastle

Lincolnshire

LN9 5PN

REGISTERED NUMBER:

03938795 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

Oxley House

Lincoln Way

Louth

Lincolnshire

LN11 0LS

FIXED ASSETS

Tangible assets

4

1,642,671

1,796,199

CURRENT ASSETS

Stocks

33,275

30,250

Debtors

5

1,639,763

1,952,159

Cash at bank

-

511

1,673,038

1,982,920

CREDITORS

Amounts falling due within one year

6

641,893

795,620

NET CURRENT ASSETS

1,031,145

1,187,300

TOTAL ASSETS LESS CURRENT LIABILITIES

2,673,816

2,983,499

CREDITORS

Amounts falling due after more than one year

7

(587,567

)

(762,152

)

PROVISIONS FOR LIABILITIES

(146,240

)

(184,306

)

NET ASSETS

1,940,009

2,037,041

CAPITAL AND RESERVES

Called up share capital

9

2

2

Retained earnings

1,940,007

2,037,039

SHAREHOLDERS' FUNDS

1,940,009

2,037,041

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved and authorised for issue by the director and authorised for issue on 10 September 2026 and were signed by:

A G Riddel - Director

1.	STATUTORY INFORMATION

A Riddel and Sons Scrap Metal and Skip Hire Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

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.

Freehold property

-

4% on cost

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

25% on reducing balance and 15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks

Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell and after making due allowance for obsolete and slow moving items.

Financial instruments

The company has chosen to adopt the FRS 102A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in 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 payable under operating leases are charged against income on a straight line basis over the lease term.

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.

Going concern

The accounts have been prepared on the going concern basis as the director believes that the loans to other companies, of which he is a shareholder and director, will be repayable. These amounts and details are disclosed in Note 6.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 18 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Long

Plant and

property

leasehold

machinery

£

£

£

COST

At 31 March 2024

1,037,901

136,042

1,682,324

Disposals

-

-

-

At 30 March 2025

1,037,901

136,042

1,682,324

DEPRECIATION

At 31 March 2024

-

116,525

1,098,521

Charge for year

-

13,604

84,215

Eliminated on disposal

-

-

-

At 30 March 2025

-

130,129

1,182,736

NET BOOK VALUE

At 30 March 2025

1,037,901

5,913

499,588

At 30 March 2024

1,037,901

19,517

583,803

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 31 March 2024

43,535

486,065

8,908

3,394,775

Disposals

-

(68,000

)

-

(68,000

)

At 30 March 2025

43,535

418,065

8,908

3,326,775

DEPRECIATION

At 31 March 2024

41,974

333,681

7,875

1,598,576

Charge for year

325

32,419

258

130,821

Eliminated on disposal

-

(45,293

)

-

(45,293

)

At 30 March 2025

42,299

320,807

8,133

1,684,104

NET BOOK VALUE

At 30 March 2025

1,236

97,258

775

1,642,671

At 30 March 2024

1,561

152,384

1,033

1,796,199

The net book value of tangible fixed assets includes £ 180,774 (2024 - £ 237,369 ) in respect of assets held under hire purchase contracts.

5.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

28,853

187,492

Other debtors

-

123,870

28,853

311,362

Amounts falling due after more than one year:

Trade debtors

210,000

210,000

Other debtors

1,400,910

1,430,797

1,610,910

1,640,797

Aggregate amounts

1,639,763

1,952,159

Included in other debtors after one year are balances of £1,093,500 (2024: £1,069,471), £181,374 (2024: £195,695) and £33,861 (2024: £33,522) for Wolds Wildlife Park Limited Mansgate Quarry Products Limited and Winter Circus Productions Limited respectively, companies which are under the common control of the director.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

101,133

170,671

Hire purchase contracts

34,806

88,955

Trade creditors

53,209

193,752

Taxation and social security

418,295

326,422

Other creditors

34,450

15,820

641,893

795,620

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

45,815

119,071

Hire purchase contracts

17,071

51,876

Other creditors

524,681

591,205

587,567

762,152

Included in other creditors after one year are balances of £213,052 (2024: £210,546) for Data Shred Lincs Limited, a company which is under the common control of the director.

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank overdrafts

23,167

33,373

Bank loans

123,781

256,369

Hire purchase contracts

51,877

140,831

198,825

430,573

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2

Ordinary

£1

2

2

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 30 March 2025 and the period ended 30 March 2024:

2025

2024

£

£

A G Riddel

Balance outstanding at start of year

87,678

78,850

Amounts advanced

50,637

45,758

Amounts repaid

(90,571

)

(36,930

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

47,744

87,678

The directors loan account is unsecured and repayable on demand. Interest has been charged at the Inland Revenues' official rate.

11.	RELATED PARTY DISCLOSURES

Remuneration paid to the director during the year was £12,970 (2024: £9,928).

12.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr A G Riddel by virtue of being the sole shareholder.