CENTRAL WASTE SERVICES LIMITED - Accounts

CENTRAL WASTE SERVICES LIMITED - Accounts

SKIP IT WASTE MANAGEMENT LIMITED - Company Information

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Registered Number: 03898215
England and Wales

 

 

 

CENTRAL WASTE SERVICES LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 January 2018

End date: 31 December 2018

CENTRAL WASTE SERVICES LIMITED
Contents Page
For the year ended 31 December 2018
Directors Mo Maan
Ali Maan
Registered Number 03898215
Registered Office 3 Maltings Place
London
London
SW6 2BT
1
 
 		 Notes
 		 2018
£		   2017
£
Fixed assets      
Tangible fixed assets 3 143,259    161,861 
143,259    161,861 
Current assets      
Debtors 4 315,909    293,409 
Cash at bank and in hand 159,086    242,519 
474,995    535,928 
Creditors: amount falling due within one year 5 (190,256)   (218,715)
Net current assets 284,739    317,213 
 
Total assets less current liabilities 427,998    479,074 
Net assets 427,998    479,074 
 

Capital and reserves 		     
Called up share capital 6 1,000    1,000 
Profit and loss account 426,998    478,074 
Shareholders funds 427,998    479,074 
 


For the year ended 31 December 2018 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Directors' Responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476
  2. The directors acknowledge their responsibilities for complying with the requirements of the companies act 2006 with respect to accounting records and the preparation of accounts
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 .The profit and loss account has not been delivered to the Registrar of Companies.

The directors have elected not to include the profit and loss account within the financial statements.
Signed on behalf of the board of directors


--------------------------------
Mo Maan
Director

Date approved by the board: 22 April 2019
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General Information
CENTRAL WASTE SERVICES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 03898215, registration address 3 Maltings Place, London, London, SW6 2BT.
1.

Accounting Policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the income statement on a straight line basis.
Preference dividends
Where preference shares are classed as liabilities rather than equity any preference dividends paid are included in interest payable and similar charges within the income statement.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 5 years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 5 Straight Line
Motor Vehicles 5 Straight Line
Plant and Machinery 5 Straight Line
2.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 January 2018 5,000    5,000 
Additions -    - 
Disposals -    - 
At 31 December 2018 5,000    5,000 
Amortisation
At 01 January 2018 5,000    5,000 
Charge for year -    - 
On disposals -    - 
At 31 December 2018 5,000    5,000 
Net book values
At 31 December 2018 -    - 
At 31 December 2017 -    - 


3.

Tangible fixed assets

Cost Plant and Machinery   Motor Vehicles   Computer Equipment   Total
  £   £   £   £
At 01 January 2018 80,319    261,289    50,618    392,226 
Additions -    66,180    -    66,180 
Disposals -    (51,195)   -    (51,195)
At 31 December 2018 80,319    276,274    50,618    407,211 
Depreciation
At 01 January 2018 56,523    144,460    29,382    230,365 
Charge for year 4,660    53,554    5,990    64,204 
On disposals -    (30,617)   -    (30,617)
At 31 December 2018 61,183    167,397    35,372    263,952 
Net book values
Closing balance as at 31 December 2018 19,136    108,877    15,246    143,259 
Opening balance as at 01 January 2018 23,796    116,829    21,236    161,861 

The net book value of motor vehicles includes £104,771 (2017: £91,736) in respect of assets held under finance leases or hire purchase contracts.

4.

Debtors: amounts falling due within one year

2018
£		   2017
£
Trade Debtors 314,673    293,409 
Prepayments & Accrued Income 1,236    - 
315,909    293,409 

5.

Creditors: amount falling due within one year

2018
£		   2017
£
Trade Creditors 48,429    80,222 
Corporation Tax 7,310    9,046 
PAYE & Social Security 6,848    6,783 
Accrued Expenses 5,000    5,000 
Other Creditors 38,196    43,597 
Obligations under HP/Financial Leases 84,473    74,067 
190,256    218,715 

6.

Share Capital

2018
£		   2017
£
1,000 Class A shares of £1.00 each 1,000    1,000 
1,000    1,000 

7.

Control

The company is controlled by Mr M Maan.
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