REGISTERED NUMBER: 01494671 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2016

FOR

ABS SKIP HIRE LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mrs E Simkins

SECRETARY:

D K McGeagh

REGISTERED OFFICE:

Manor Court Chambers

Townsend Drive

Nuneaton

Warwickshire

CV11 6RU

REGISTERED NUMBER:

01494671 (England and Wales)

ACCOUNTANTS:

Stewart Fletcher and Barrett

Chartered Accountants

Manor Court Chambers

Townsend Drive

Nuneaton

Warwickshire

CV11 6RU

FIXED ASSETS

Tangible assets

2

725,455

731,127

Investments

3

450,071

450,071

1,175,526

1,181,198

CURRENT ASSETS

Debtors

640,585

690,623

Cash at bank and in hand

7,429

1,560

648,014

692,183

CREDITORS

Amounts falling due within one year

4

971,786

436,266

NET CURRENT (LIABILITIES)/ASSETS

(323,772

)

255,917

TOTAL ASSETS LESS CURRENT LIABILITIES

851,754

1,437,115

CREDITORS

Amounts falling due after more than one year

4

(118,914

)

(689,570

)

PROVISIONS FOR LIABILITIES

(28,646

)

(28,965

)

NET ASSETS

704,194

718,580

CAPITAL AND RESERVES

Called up share capital

5

45,000

45,000

Investment property

Revaluation reserve

79,431

79,431

Profit and loss account

579,763

594,149

SHAREHOLDERS' FUNDS

704,194

718,580

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 22 February 2017 and were signed by:

Mrs E Simkins - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Preparation of consolidated financial statements

The financial statements contain information about ABS Skip Hire Limited as an individual company and do not

contain consolidated financial information as the parent of a group. The company has taken the option under

Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax.

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

-

not provided

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

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 the profit and loss account over the relevant period.

The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Investment properties

The investment property is valued at directors valuation.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2015

1,351,556

Additions

24,750

At 30 June 2016

1,376,306

DEPRECIATION

At 1 July 2015

620,429

Charge for year

30,422

At 30 June 2016

650,851

NET BOOK VALUE

At 30 June 2016

725,455

At 30 June 2015

731,127

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 July 2015

and 30 June 2016

450,071

NET BOOK VALUE

At 30 June 2016

450,071

At 30 June 2015

450,071

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Hammond Skip Hire Limited

Nature of business: Waste management

%

Class of shares:

holding

Ordinary

70.00

2016

2015

£

£

Aggregate capital and reserves

-

163,182

Profit for the year

-

50,836

4.

CREDITORS

Creditors include an amount of £ 752,774 (2015 - £ 714,887 ) for which security has been given.

They also include the following debts falling due in more than five years:

2016

2015

£

£

Repayable by instalments

-

186,115

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

45,000

Ordinary

£1

45,000

45,000

6.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The director continued to live in the company's investment property throughout the year, and was charged

rent of £22,000 (2015 £22,000).