| Midlands Environmental Business Company Limited |
| Registered number: |
03186541 |
| Balance Sheet |
| as at 30 April 2019 |
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| Notes |
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2019 |
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2018 |
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£ |
£ |
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£ |
£ |
| Fixed assets |
| Investments |
3 |
|
|
1 |
|
|
1 |
|
| Current assets |
| Debtors |
4 |
|
144 |
|
|
228 |
| Cash at bank and in hand |
|
|
6,491 |
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|
6,293 |
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|
|
6,635 |
|
|
6,521 |
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| Creditors: amounts falling due within one year |
5 |
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(1,624) |
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(1,092) |
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| Net current assets |
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|
5,011 |
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5,429 |
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| Net assets |
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5,012 |
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|
5,430 |
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| Capital and reserves |
| Profit and loss account |
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|
5,012 |
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5,430 |
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| Shareholder's funds |
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|
5,012 |
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5,430 |
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| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| 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. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
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|
| R W M Baines |
| Director |
| Approved by the board on 29 January 2020 |
|
| Midlands Environmental Business Company Limited |
| Notes to the Accounts |
| for the year ended 30 April 2019 |
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| 1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102 (as applicable to small companies), The Financial Reporting Standard applicable in the UK and Republic of Ireland. |
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Turnover |
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Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover comprises revenue earned from the rendering of services and is recognised by reference to the date receivable |
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Debtors |
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Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
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Taxation |
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A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. |
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| 2 |
Employees |
2019 |
|
2018 |
| Number |
Number |
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Average number of persons employed by the company |
7 |
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7 |
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| 3 |
Investments |
| Investments in |
| subsidiary |
| undertakings |
| £ |
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Cost |
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At 1 May 2018 |
1 |
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At 30 April 2019 |
1 |
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| 4 |
Debtors |
2019 |
|
2018 |
| £ |
£ |
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Trade debtors |
- |
|
228 |
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Other debtors |
144 |
|
- |
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|
144 |
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228 |
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| 5 |
Creditors: amounts falling due within one year |
2019 |
|
2018 |
| £ |
£ |
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Trade creditors |
1,224 |
|
- |
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Other taxes and social security costs |
- |
|
52 |
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Accruals and deferred income |
400 |
|
1,040 |
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1,624 |
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1,092 |
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| 6 |
Other information |
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Midlands Environmental Business Company Limited has no issued share capitals and the members liability is limited by guarantee of such amount as may be require not exceeding £1 each. It was incorporated in England. Its registered office is: |
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The Lodge, |
|
Castle Bromwich Hall |
|
Chester Road, Castle Bromwich |
|
West Midlands |
|
B36 9DE |
