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Unaudited Financial Statements For The Year Ended 5th April 2016 |
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Abbey Waste Control Limited |
REGISTERED NUMBER:
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Unaudited Financial Statements For The Year Ended 5th April 2016 |
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for |
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Abbey Waste Control Limited |
Abbey Waste Control Limited (Registered number: 04583514) |
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Contents of the Financial Statements |
For The Year Ended 5th April 2016 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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Abbey Waste Control Limited |
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Company Information |
For The Year Ended 5th April 2016 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Abbey Waste Control Limited (Registered number: 04583514) |
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Balance Sheet |
5th April 2016 |
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5/4/16 | 5/4/15 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 2 |
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Tangible assets | 3 |
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Investments | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than
one year |
7 |
( |
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( |
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PROVISIONS FOR LIABILITIES | 9 | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 10 |
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Revaluation reserve | 11 |
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Retained earnings | 11 |
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SHAREHOLDERS' FUNDS |
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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. |
Abbey Waste Control Limited (Registered number: 04583514) |
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Balance Sheet - continued |
5th April 2016 |
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The financial statements were approved by the Board of Directors on
on its behalf by: |
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Abbey Waste Control Limited (Registered number: 04583514) |
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Notes to the Financial Statements |
For The Year Ended 5th April 2016 |
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1. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
These financial statements have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets. |
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Turnover |
Turnover represents net invoiced sales of goods, excluding value added tax. |
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Goodwill |
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Tangible fixed assets |
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Freehold property | - |
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Plant and machinery | - |
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Fixtures and fittings | - |
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Motor vehicles | - |
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Computer equipment | - |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed |
at the balance sheet date. |
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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. |
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Going concern |
These financial statements have been prepared on the going concern basis. The Directors consider |
this basis to be appropriate but have not assessed a period in excess of 12 months from the date |
of approving the accounts. |
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2. | INTANGIBLE FIXED ASSETS |
Patents |
and |
Goodwill | licences | Totals |
£ | £ | £ |
COST |
At 6th April 2015 |
and 5th April 2016 |
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AMORTISATION |
At 6th April 2015 |
and 5th April 2016 |
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NET BOOK VALUE |
At 5th April 2016 |
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At 5th April 2015 |
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Abbey Waste Control Limited (Registered number: 04583514) |
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Notes to the Financial Statements - continued |
For The Year Ended 5th April 2016 |
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3. | TANGIBLE FIXED ASSETS |
Improvements |
Freehold | to | Plant and |
property | property | machinery |
£ | £ | £ |
COST OR VALUATION |
At 6th April 2015 |
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Additions |
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At 5th April 2016 |
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DEPRECIATION |
At 6th April 2015 |
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Charge for year |
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At 5th April 2016 |
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NET BOOK VALUE |
At 5th April 2016 |
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At 5th April 2015 |
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Fixtures |
and | Motor | Computer |
fittings | vehicles | equipment | Totals |
£ | £ | £ | £ |
COST OR VALUATION |
At 6th April 2015 |
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Additions |
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At 5th April 2016 |
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DEPRECIATION |
At 6th April 2015 |
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Charge for year |
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At 5th April 2016 |
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NET BOOK VALUE |
At 5th April 2016 |
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At 5th April 2015 |
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Cost or valuation at 5th April 2016 is represented by: |
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Improvements |
Freehold | to | Plant and |
property | property | machinery |
£ | £ | £ |
Valuation in 2016 | 641,000 | 6,064 | 130,686 |
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Fixtures |
and | Motor | Computer |
fittings | vehicles | equipment | Totals |
£ | £ | £ | £ |
Valuation in 2016 | 6,344 | 69,302 | 8,865 | 862,261 |
Abbey Waste Control Limited (Registered number: 04583514) |
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Notes to the Financial Statements - continued |
For The Year Ended 5th April 2016 |
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3. | TANGIBLE FIXED ASSETS - continued |
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If
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cost: |
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5/4/16 | 5/4/15 |
£ | £ |
Cost |
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496,450 |
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Value of land in freehold land and buildings | 527,450 | 496,450 |
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4. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 6th April 2015 |
and 5th April 2016 | 86,627 |
NET BOOK VALUE |
At 5th April 2016 |
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At 5th April 2015 |
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The company's investments at the Balance Sheet date in the share capital of companies include the |
following: |
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Nature of business:
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Class of shares: | holding |
Ordinary | 100.00 |
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£ | £ |
Aggregate capital and reserves | 3,133 | 2,891 |
Loss for the year | (898 | ) | (277 | ) |
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Nature of business:
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Class of shares: | holding |
Ordinary | 100.00 |
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£ | £ |
Aggregate capital and reserves | 323,071 | 319,035 |
Profit for the year | 5,045 | 103,162 |
Abbey Waste Control Limited (Registered number: 04583514) |
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Notes to the Financial Statements - continued |
For The Year Ended 5th April 2016 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
5/4/16 | 5/4/15 |
£ | £ |
Trade debtors | 58,435 | 82,236 |
Other debtors | 87,136 | 87,136 |
Prepayments | 1,035 | 5,869 |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
5/4/16 | 5/4/15 |
£ | £ |
Bank loans and overdrafts |
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Hire purchase contracts |
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Trade creditors |
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Credit cards | 36,299 | 14,624 |
Tax |
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Social security and other taxes |
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VAT |
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Other creditors |
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Directors' current accounts | 8,084 | 12,021 |
Accrued expenses | 1,822 | 1,768 |
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7. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
5/4/16 | 5/4/15 |
£ | £ |
Bank loans - 1-2 years |
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Mortgage |
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Hire purchase contracts |
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8. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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5/4/16 | 5/4/15 |
£ | £ |
Loans | 304,226 | 295,996 |
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The bank loan from Barclays Bank PLC is secured by a fixed charge over the freehold property |
owned by the company. |
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9. | PROVISIONS FOR LIABILITIES |
5/4/16 | 5/4/15 |
£ | £ |
Deferred tax |
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Abbey Waste Control Limited (Registered number: 04583514) |
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Notes to the Financial Statements - continued |
For The Year Ended 5th April 2016 |
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9. | PROVISIONS FOR LIABILITIES - continued |
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Deferred |
tax |
£ |
Balance at 6th April 2015 |
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Provided during year | ( |
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Balance at 5th April 2016 |
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10. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 5/4/16 | 5/4/15 |
value: | £ | £ |
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Ordinary | £1 |
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11. | RESERVES |
Retained | Revaluation |
earnings | reserve | Totals |
£ | £ | £ |
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At 6th April 2015 |
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Profit for the year |
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At 5th April 2016 |
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12. | RELATED PARTY DISCLOSURES |
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The company received management fees of £386,172 (2015 - £572,393) from Abbeychem |
Limited, an associated company, under normal terms during the year. |
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The company paid management fees of £44,000 (2015 - £240,000) to Abbeychem Limited, an |
associated company, under normal terms during the year. |
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During the year there were bank transfers between the company and Abbeychem Limited, an |
associated company. At the Balance Sheet date the company owed £9,578 (2015 - £74,382) and |
this is included in Other Creditors. |
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The company has made loans in the current and preceding periods to associated companies. The |
amounts outstanding at the Balance Sheet date were: |
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2016 | 2015 |
GWL Security Limited | £15,200 | £15,200 |
Interweld Engineering Limited | £9,340 | £9,340 |
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No interest was charged on the loans to GWL Security Limited and Interweld Engineering Ltd. |
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The company received loans in the preceding periods from an associated company. The amount |
owing at the Balance Sheet date was: |
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2016 | 2015 |
Abbeychem Limited | £9,578 | £74,382 |
Abbey Waste Control Limited (Registered number: 04583514) |
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Notes to the Financial Statements - continued |
For The Year Ended 5th April 2016 |
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13. | ULTIMATE CONTROLLING PARTY |
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The company was controlled in this and the preceding period by the Directors by virtue of their |
shareholdings. |