ACCOUNTS - Final Accounts preparation

Cash and cash equivalents

Registered number: 05656492

STEVENAGE SKIP HIRE LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 28 FEBRUARY 2025

STEVENAGE SKIP HIRE LIMITED

CONTENTS

	Page
Statement of Financial Position	1 - 2
Notes to the Financial Statements	3 - 10

STEVENAGE SKIP HIRE LIMITED

REGISTERED NUMBER: 05656492

STATEMENT OF FINANCIAL POSITION

AS AT 28 FEBRUARY 2025

	28 February	29 February
	2025	2024
Note	£	£

Fixed assets
Tangible assets	4		2,369,303		1,975,280
			2,369,303		1,975,280
Current assets
Stocks		110,000		30,000
Debtors due within 1 year		5,191,617		2,318,373
Cash at bank and in hand	6	47,849		220,924
		5,349,466		2,569,297
Current liabilities
Creditors: Amounts Falling Due Within One Year	7	(4,603,252)		(2,129,418)
Net current assets			746,214		439,879
Total assets less current liabilities			3,115,517		2,415,159
Creditors: amounts falling due after more than one year	8		(143,056)		-
Provisions for liabilities
Deferred tax		(474,393)		(75,580)
			(474,393)		(75,580)
Net assets			2,498,068		2,339,579

Capital and reserves
Called up share capital	11	10	10
Profit and loss account		2,498,058	2,339,569
		2,498,068	2,339,579

Page 1

STEVENAGE SKIP HIRE LIMITED

REGISTERED NUMBER: 05656492

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 28 FEBRUARY 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 20 October 2025.

T Biel

Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

STEVENAGE SKIP HIRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

1.	General information

Stevenage Skip Hire Limited is a private company limited by shares incorporated in England and Wales. The principal place of business is Jack's Hill, Graveley, Hitchin, SG4 7EQ.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue comprises of services relating to the collection of non-hazardous waste and is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.4

Pensions

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 payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

2.5

Current and deferred taxation

Tax is recognised in the statement of income and retained earnings. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

STEVENAGE SKIP HIRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

2.Accounting policies (continued)

2.6

Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Long-term leasehold property	-	1%	Straight line
Plant and machinery	-	25%	Reducing balance
Motor vehicles	-	10%	Reducing balance
Fixtures and fittings	-	25%	Reducing balance
Office equipment	-	25%	Reducing balance

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 disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

2.8

Debtors

Short term debtors are measured at transaction price, less any impairment.

2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

2.10

Creditors

Short term creditors are measured at the transaction price.

Page 4

STEVENAGE SKIP HIRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

2.Accounting policies (continued)

2.11

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Increases in provisions are generally charged as an expense to profit or loss.

Employees

The average monthly number of employees, including directors, during the year was 22 (2024 - 21).

Page 5


		STEVENAGE SKIP HIRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025

	4.	Tangible fixed assets

	Improvement to premises	Plant and machinery	Motor vehicles	Fixtures and fittings	Office equipment	Total
	£	£	£	£	£	£
Cost or valuation
At 1 March 2024	916,285	2,609,771	523,355	8,473	24,202	4,082,086
Additions	-	594,333	245,190	-	1,569	841,092
Disposals	-	(307,000)	-	-	-	(307,000)
At 28 February 2025	916,285	2,897,104	768,545	8,473	25,771	4,616,178
Depreciation
At 1 March 2024	59,431	1,827,145	202,837	7,329	10,064	2,106,806
Charge for the year on owned assets	9,163	232,219	46,677	286	3,724	292,069
Disposals	-	(152,000)	-	-	-	(152,000)
At 28 February 2025	68,594	1,907,364	249,514	7,615	13,788	2,246,875
Net book value
At 28 February 2025	847,691	989,740	519,031	858	11,983	2,369,303
At 29 February 2024	856,854	782,626	320,518	1,144	14,138	1,975,280

Page 6


		STEVENAGE SKIP HIRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025

4.Tangible fixed assets (continued)

Page 7

STEVENAGE SKIP HIRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

Debtors

					28 February	29 February
					2025	2024
					£	£


Trade debtors	359,061	269,986
Amounts owed by group undertakings	4,625,816	1,874,303
Other debtors	120,000	120,000
Prepayments and accrued income	86,740	54,084
	5,191,617	2,318,373

Cash at bank and in hand	47,849	220,924
	47,849	220,924

Trade creditors	453,465	307,194
Amounts owed to group undertakings	1,206,002	1,032,305
Other taxation and social security	118,671	392,992
Other creditors	2,597,365	386,927
Obligations under finance lease and hire purchase contracts	219,999	-
Accruals and deferred income	7,750	10,000
	4,603,252	2,129,418

Page 8

STEVENAGE SKIP HIRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

Net obligations under finance leases and hire purchase contracts	143,056	-
	143,056	-

Within one year	219,999	-
Between 1-5 years	143,056	-
	363,055	-

10.	Deferred taxation

		2025
		£

	At beginning of year	(75,580)
	Charged to profit or loss	(398,813)
	At end of year	(474,393)

	Accelerated capital allowances	(474,393)	(75,580)
		(474,393)	(75,580)

Page 9

STEVENAGE SKIP HIRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

Allotted, called up and fully paid

10 (2024 - 10) Ordinary shares of £1.00 each	10	10

	Not later than 1 year	9,000	-
		9,000	-

13.	Related party transactions
	Included in debtors at the reporting date were loans totaling £4,625,816 (2024: £1,874,303) receivable from related parties. These loans are not interest bearing and are repayable on demand. Included in creditors at the reporting date were loans totaling £1,206,002 (2024: 1,032,305) payable to related parties. These loans are not interest bearing and are repayable on demand.

14.	Controlling party

Stevenage Skip Hire Limited is a 100% controlled subsidiary of Biel Holdings Limited.

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