ABS_METALS_AND_WASTE_LIMI

ABS METALS AND WASTE LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

ABS METALS AND WASTE LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 SEPTEMBER 2016

- 1 -

2016

2015

as restated

Notes

£

Fixed assets

Tangible assets

2

24,778

31,537

Current assets

Debtors

37,594

36,589

Cash at bank and in hand

207,652

166,732

245,246

203,321

Creditors: amounts falling due within one year

(84,587)

(49,268)

Net current assets

160,659

154,053

Total assets less current liabilities

185,437

185,590

Provisions for liabilities

(4,956)

(6,308)

180,481

179,282

Capital and reserves

Called up share capital

3

2

Profit and loss account

180,479

179,280

Shareholder's funds

180,481

179,282

ABS METALS AND WASTE LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

30 SEPTEMBER 2016

- 2 -

For the financial year ended 30 September 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

-

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

-

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 4 September 2017

A Bullock-Smith

Director

Company Registration No. 06702744

ABS METALS AND WASTE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2016

- 3 -

1

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Turnover

Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

1.3

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

25% Reducing balance

Motor vehicles

25% Reducing balance

2

Fixed assets

Tangible assets

£

Cost

At 1 October 2015

78,701

Additions

1,500

At 30 September 2016

80,201

Depreciation

At 1 October 2015

47,164

Charge for the year

8,259

At 30 September 2016

55,423

Net book value

At 30 September 2016

24,778

At 30 September 2015

31,537

ABS METALS AND WASTE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2016

- 4 -

3

Share capital

2016

2015

£

Allotted, called up and fully paid

2 Ordinary shares of £1 each

2