Able Skip Hire Limited - Accounts to registrar (filleted) - small 18.2
Able Skip Hire Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE PERIOD |
| 1 NOVEMBER 2019 TO 30 NOVEMBER 2020 |
| FOR |
| ABLE SKIP HIRE LIMITED |
| ABLE SKIP HIRE LIMITED (REGISTERED NUMBER: 03634516) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 1 NOVEMBER 2019 TO 30 NOVEMBER 2020 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| ABLE SKIP HIRE LIMITED |
| COMPANY INFORMATION |
| FOR THE PERIOD 1 NOVEMBER 2019 TO 30 NOVEMBER 2020 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Greenbank House |
| 141 Adelphi Street |
| Preston |
| Lancashire PR1 7BH |
| ABLE SKIP HIRE LIMITED (REGISTERED NUMBER: 03634516) |
| BALANCE SHEET |
| 30 NOVEMBER 2020 |
| 2020 | 2019 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| ABLE SKIP HIRE LIMITED (REGISTERED NUMBER: 03634516) |
| BALANCE SHEET - continued |
| 30 NOVEMBER 2020 |
| 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 |
| ABLE SKIP HIRE LIMITED (REGISTERED NUMBER: 03634516) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 1 NOVEMBER 2019 TO 30 NOVEMBER 2020 |
| 1. | STATUTORY INFORMATION |
| Able Skip Hire Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents net invoiced sales of goods and services, excluding value added tax. |
| Tangible fixed assets |
| Plant and machinery | - |
| Motor vehicles | - |
| The freehold properties held by the company are classed as investment properties. No depreciation has been charged and freehold property is stated at open market value at the balance sheet date. |
| Taxation |
| Taxation for the period 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 period 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. |
| 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. |
| ABLE SKIP HIRE LIMITED (REGISTERED NUMBER: 03634516) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 1 NOVEMBER 2019 TO 30 NOVEMBER 2020 |
| 2. | ACCOUNTING POLICIES - continued |
| Pensions |
| The company operates a defined contribution pension scheme. The assets of the scheme are held seperately from those of the company in an indepenently administered fund. Contributions payable for the year are charged in the profit and loss account. |
| The company also operates a Stakeholder pension scheme for the benefit of its employees. It is under no obligation to and does not contribute to the Stakeholder pension scheme, but acts as agent in collecting employees' deductions and paying them over to the pension provider |
| Financial instruments |
| Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Basic financial assets, which include debtors and prepayments and bank balances, are initially measured at transaction price, and are subsequently carried at cost. Basic financial liabilities, which include creditors and accruals, loans and borrowings, are initially recognised at transaction price, and are subsequently carried at cost. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was |
| 4. | TANGIBLE FIXED ASSETS |
| Freehold | Plant and | Motor |
| property | machinery | vehicles | Totals |
| £ | £ | £ | £ |
| COST OR VALUATION |
| At 1 November 2019 |
| Disposals | ( |
) | ( |
) |
| Revaluations | ( |
) | ( |
) |
| At 30 November 2020 |
| DEPRECIATION |
| At 1 November 2019 |
| Charge for period |
| Eliminated on disposal | ( |
) | ( |
) |
| At 30 November 2020 |
| NET BOOK VALUE |
| At 30 November 2020 |
| At 31 October 2019 |
| Cost or valuation at 30 November 2020 is represented by: |
| Freehold | Plant and | Motor |
| property | machinery | vehicles | Totals |
| £ | £ | £ | £ |
| Valuation in 2017 | 84,268 | - | - | 84,268 |
| Valuation in 2020 | (67,205 | ) | - | - | (67,205 | ) |
| Cost | 434,332 | 152,689 | 817,368 | 1,404,389 |
| 451,395 | 152,689 | 817,368 | 1,421,452 |
| ABLE SKIP HIRE LIMITED (REGISTERED NUMBER: 03634516) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 1 NOVEMBER 2019 TO 30 NOVEMBER 2020 |
| 4. | TANGIBLE FIXED ASSETS - continued |
| If freehold property had not been revalued it would have been included at the following historical cost: |
| 2020 | 2019 |
| £ | £ |
| Cost | 434,332 | 434,332 |
| Freehold property was valued on an open market basis on 26 November 2020 by Robert Pinkus & Co . |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Trade debtors |
| Prepayments and accrued income |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Trade creditors |
| Corporation tax |
| Social security and other taxes |
| Other creditors |
| Directors' current accounts | - | 58,386 |
| Accrued expenses |
| 7. | RELATED PARTY DISCLOSURES |
| On 1 December 2020 Apk Holdings (Cumbria) Limited, a company incorporated in the United Kingdom, acquired 100% of the share capital of this company, therefore becoming this company's ultimate parent company from that date. The registered office of Apk Holdings (Cumbria) Limited is Stoneraise Quarry, Great Salkeld, Penrith, Cumbria CA11 9NF. |
| 8. | ULTIMATE CONTROLLING PARTY |
| Able Skip Hire Ltd is controlled by Apk Holdings (Cumbria) Limited and that is under the control of Mr A P Kirkbride, a son of Mr P Kirkbride, director of this company. |