REGISTERED NUMBER: 04583514 (England and Wales)

Unaudited Financial Statements For The Year Ended 5th April 2017

for

Abbey Waste Control Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr P A A Bonham

Mr T M A Bonham

SECRETARY:

Mr P A A Bonham

REGISTERED OFFICE:

Victory House

245 Southtown Road

Great Yarmouth

Norfolk

NR31 0JJ

REGISTERED NUMBER:

04583514 (England and Wales)

ACCOUNTANTS:

Aston Shaw Ltd

The Union Building

51-59 Rose Lane

Norwich

Norfolk

NR1 1BY

FIXED ASSETS

Intangible assets

4

8,614

Tangible assets

5

650,969

Investments

6

86,627

746,210

CURRENT ASSETS

Debtors

7

170,001

Cash at bank

2,781

172,782

CREDITORS

Amounts falling due within one year

8

357,908

NET CURRENT LIABILITIES

(185,126

)

TOTAL ASSETS LESS CURRENT LIABILITIES

561,084

CREDITORS

Amounts falling due after more than one year

9

(226,129

)

PROVISIONS FOR LIABILITIES

(3,613

)

NET ASSETS

331,342

CAPITAL AND RESERVES

Called up share capital

3,000

Revaluation reserve

11

113,550

Retained earnings

214,792

SHAREHOLDERS' FUNDS

331,342

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5th April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 5th April 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 25th September 2017 and were signed on its behalf by:

Mr P A A Bonham - Director

1.	STATUTORY INFORMATION

Abbey Waste Control 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of six 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.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

not provided

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year 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 year

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 .

4.	INTANGIBLE FIXED ASSETS

Patents

and

Goodwill

licences

Totals

£

£

£

COST

At 6th April 2016

and 5th April 2017

56,800

8,614

65,414

AMORTISATION

At 6th April 2016

and 5th April 2017

56,800

-

56,800

NET BOOK VALUE

At 5th April 2017

-

8,614

8,614

At 5th April 2016

-

8,614

8,614

5.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

COST OR VALUATION

At 6th April 2016

641,000

6,064

130,686

Additions

-

-

2,150

Disposals

(31,000

)

-

-

At 5th April 2017

610,000

6,064

132,836

DEPRECIATION

At 6th April 2016

-

-

104,098

Charge for year

-

-

7,185

At 5th April 2017

-

-

111,283

NET BOOK VALUE

At 5th April 2017

610,000

6,064

21,553

At 5th April 2016

641,000

6,064

26,588

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST OR VALUATION

At 6th April 2016

6,344

69,302

8,865

862,261

Additions

-

-

-

2,150

Disposals

-

-

-

(31,000

)

At 5th April 2017

6,344

69,302

8,865

833,411

DEPRECIATION

At 6th April 2016

4,817

53,465

7,832

170,212

Charge for year

382

3,959

704

12,230

At 5th April 2017

5,199

57,424

8,536

182,442

NET BOOK VALUE

At 5th April 2017

1,145

11,878

329

650,969

At 5th April 2016

1,527

15,837

1,033

692,049

Cost or valuation at 5th April 2017 is represented by:

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

Valuation in 2017

610,000

6,064

132,836

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

Valuation in 2017

6,344

69,302

8,865

833,411

If Freehold property had not been revalued it would have been included at the following

historical cost:

£

Cost

496,450

Value of land in freehold land and buildings

496,450

Freehold property was valued on an open market basis on 5th April 2016 by the management of the company.

.

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 6th April 2016

and 5th April 2017

86,627

NET BOOK VALUE

At 5th April 2017

86,627

At 5th April 2016

86,627

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

40,696

Other debtors

127,521

Prepayments

1,784

170,001

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Bank loans and overdrafts

38,697

Hire purchase contracts

2,361

Trade creditors

42,476

Credit cards

9,893

Tax

4,891

Social security and other taxes

37,630

VAT

157,310

Other creditors

62,266

Directors' current accounts

422

Accrued expenses

1,962

357,908

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Bank loans - 1-2 years

120,560

Mortgage

105,569

226,129

10.	SECURED DEBTS

The following secured debts are included within creditors:

£

Loans

264,826

The bank loan from Barclays Bank PLC is secured by a fixed charge over the freehold property

owned by the company.

11.

RESERVES

Revaluation

reserve

£

At 6th April 2016

and 5th April 2017

113,550

12.	RELATED PARTY DISCLOSURES

The company received management fees of £410,519 (2016 - £386,172) from Abbeychem

Limited, an associated company, under normal terms during the year.

During the year there were bank transfers between the company and Abbeychem Limited, an

associated company. At the Balance Sheet date the company was owed £19,642 (2016 - £9,578

owed) and this is included in Other Debtors.

The company has made loans in the current and preceding periods to associated companies.

The amounts outstanding at the Balance Sheet date were:

2017

2016

GWL Security Limited

£14,943

£15,200

Interweld Engineering Limited

£9,340

£9,340

No interest was charged on the loans to GWL Security Limited and Interweld Engineering Ltd.

13.	ULTIMATE CONTROLLING PARTY

The company was controlled in this and the preceding period by the Directors by virtue of their

shareholdings.