Wetherby Skip Services Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 03778014 (England and Wales)

ABRIDGED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

WETHERBY SKIP SERVICES LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

Chartered Certified Accountants' Report

7

DIRECTORS:

Mrs S V W Kent

Mr M Kent

SECRETARY:

Mrs S V W Kent

REGISTERED OFFICE:

Recycling House

Spring Lane

Walton

Wetherby

West Yorkshire

LS23 7DN

REGISTERED NUMBER:

03778014 (England and Wales)

ACCOUNTANTS:

G L Barker & Co LLP

Chartered Certified Accountants

49 Austhorpe Road

Cross Gates

Leeds

LS15 8BA

FIXED ASSETS

Intangible assets

4

3,000

4,000

Tangible assets

5

3,520,069

3,620,089

3,523,069

3,624,089

CURRENT ASSETS

Stocks

9,648

10,818

Debtors

812,926

1,071,482

Cash at bank and in hand

18,490

245,951

841,064

1,328,251

CREDITORS

Amounts falling due within one year

989,947

929,304

NET CURRENT (LIABILITIES)/ASSETS

(148,883

)

398,947

TOTAL ASSETS LESS CURRENT LIABILITIES

3,374,186

4,023,036

CREDITORS

Amounts falling due after more than one year

6

673,975

757,594

NET ASSETS

2,700,211

3,265,442

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

2,700,111

3,265,342

2,700,211

3,265,442

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 December 2023 and were signed on its behalf by:

Mr M Kent - Director

Mrs S V W Kent - Director

1.	STATUTORY INFORMATION

Wetherby Skip Services 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 represents net invoiced sales of goods and services, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 land and quarry

-

at varying rates on cost

Short leasehold

-

at varying rates on cost

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

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

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.

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 45 (2022 - 43 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2022

and 31 March 2023

288,001

AMORTISATION

At 1 April 2022

284,001

Amortisation for year

1,000

At 31 March 2023

285,001

NET BOOK VALUE

At 31 March 2023

3,000

At 31 March 2022

4,000

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2022

8,788,885

Additions

421,194

Disposals

(146,275

)

At 31 March 2023

9,063,804

DEPRECIATION

At 1 April 2022

5,168,796

Charge for year

472,155

Eliminated on disposal

(97,216

)

At 31 March 2023

5,543,735

NET BOOK VALUE

At 31 March 2023

3,520,069

At 31 March 2022

3,620,089

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

Totals

£

COST

At 1 April 2022

1,033,914

Additions

145,860

Transfer to ownership

(126,465

)

At 31 March 2023

1,053,309

DEPRECIATION

At 1 April 2022

382,395

Charge for year

132,854

Transfer to ownership

(75,049

)

At 31 March 2023

440,200

NET BOOK VALUE

At 31 March 2023

613,109

At 31 March 2022

651,519

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

31.3.23

31.3.22

£

£

Repayable by instalments

Bank loans more 5 yr by instal

453,842

486,265

7.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.23

31.3.22

£

£

Bank loans

633,213

690,898

Fixed charge over 19.6 acres of land north west of Bay Horse Lane, Shadwell, Leeds.

Fixed charge over 15.57 acres of land at Walton Lane, Wetherby and also over all Rents Receivable, Fixed Assets and Goodwill at the property.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Wetherby Skip Services Limited for the year ended 31 March 2023 which comprise the Profit and Loss Account, Abridged Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Wetherby Skip Services Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Wetherby Skip Services Limited and state those matters that we have agreed to state to the Board of Directors of Wetherby Skip Services Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Wetherby Skip Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Wetherby Skip Services Limited. You consider that Wetherby Skip Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Wetherby Skip Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

G L Barker & Co LLP

Chartered Certified Accountants

49 Austhorpe Road

Cross Gates

Leeds

LS15 8BA

19 December 2023