THT Skips Limited

	Page
Abridged Balance Sheet	1—2
Notes to the Abridged Financial Statements	3—5

Registered number: 06654151

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		55,917		72,188
Investment Properties	6		450,000		450,000

			505,917		522,188
CURRENT ASSETS
Debtors		35,249		39,020
Cash at bank and in hand		1,060,812		917,000

		1,096,061		956,020
Creditors: Amounts Falling Due Within One Year		(65,089 )		(68,973 )

NET CURRENT ASSETS (LIABILITIES)			1,030,972		887,047

TOTAL ASSETS LESS CURRENT LIABILITIES			1,536,889		1,409,235

PROVISIONS FOR LIABILITIES
Deferred Taxation			(31,812 )		(35,823 )

NET ASSETS			1,505,077		1,373,412

CAPITAL AND RESERVES
Called up share capital	7		100		100
Revaluation reserve	8		71,268		71,259
Profit and Loss Account			1,433,709		1,302,053

SHAREHOLDERS' FUNDS			1,505,077		1,373,412

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THT Skips Limited

Abridged Balance Sheet (continued)

As At 31 March 2026

For the year ending 31 March 2026 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.

All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 March 2026 in accordance with section 444(2A) of the Companies Act 2006.

On behalf of the board

Mr M P Wood

Director

18 September 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

THT Skips Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06654151 . The registered office is 1 Aston Court, Bromsgrove Technology Park, Bromsgrove, Worcestershire, B60 3AL.

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 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 from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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 is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of ten years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. 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:

Plant & Machinery	25% on reducing balance
Motor Vehicles	25% on reducing balance
Fixtures & Fittings	15% on reducing balance
Computer Equipment	25% on reducing balance

2.5. Investment Properties

In accordance with Financial Reporting Standard 102 Section 1a, investment property is included at fair value and gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold. No depreciation is provided, which is a departure from the Companies Act 2006, but is required to provide a true and fair view. The directors undertake an annual review of valuations and seek independent professional valuations once every 5 years.

2.6. Stocks and Work in Progress

Debtors includes the contractual value of work in progress.

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THT Skips Limited

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 March 2026

2.7. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.

2.8. Rental income

Rental income arising from investment properties is accounted for on a straight-line basis over the lease term.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2025: 2)

4. Intangible Assets

	Total
	£
Cost
As at 1 April 2025	95,000

As at 31 March 2026	95,000

Amortisation
As at 1 April 2025	95,000

As at 31 March 2026	95,000

Net Book Value
As at 31 March 2026	-

As at 1 April 2025	-

5. Tangible Assets

	Total
	£
Cost
As at 1 April 2025	247,067

As at 31 March 2026	247,067

Depreciation
As at 1 April 2025	174,879
Provided during the period	16,271

As at 31 March 2026	191,150

Net Book Value
As at 31 March 2026	55,917

As at 1 April 2025	72,188

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THT Skips Limited

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 March 2026

6. Investment Property

	2026
	£
Fair Value
As at 1 April 2025 and 31 March 2026	450,000

7. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	100	100

8. Reserves

	Revaluation reserve	Profit and Loss Account
	£	£
As at 1 April 2025	71,259	1,302,053
Profit for the year and total comprehensive income	-	131,664

Transfer from revaluation reserve	-	(8)
Transfer to/from Profit & Loss Account	9	-

As at 31 March 2026	71,268	1,433,709

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