Hurleys Waste Management Limited 31/08/2019 iXBRL

HURLEYS WASTE MANAGEMENT LIMITED - Company Information

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Statement of consent to prepare abridged financial statements

All of the members of Hurleys Waste Management Limited have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the current year ending 31 August 2019 in accordance with Section 444(2A) of the Companies Act 2006.

Company registration number: 06676603

Hurleys Waste Management Limited

Unaudited filleted abridged financial statements

31 August 2019

Hurleys Waste Management Limited

Contents

Directors and other information

Accountants report

Abridged statement of financial position

Statement of changes in equity

Notes to the financial statements

Hurleys Waste Management Limited

Directors and other information


	Directors	Mrs Ann Hurley
		Mr Randall Hurley
		Mrs Emma Linden
		Miss Louise Hurley


	Company number	06676603


	Registered office	Unit 24
		Cranbourne Industrial Estate
		Cranbourne Road, Potters Bar
		Herts
		EN6 3JN


	Business address	Unit 24
		Cranbourne Industrial Estate
		Cranbourne Road, Potters Bar
		Herts
		EN6 3JN


	Accountants	Spiers & Company
		72 Fielding Road
		Chiswick
		London
		W4 1DB

Hurleys Waste Management Limited

Chartered accountants report to the board of directors on the preparation of the

unaudited statutory financial statements of Hurleys Waste Management Limited

Year ended 31 August 2019

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Hurleys Waste Management Limited for the year ended 31 August 2019 which comprise the abridged statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/ regulations-standards-and-guidance/.

This report is made solely to the board of directors of Hurleys Waste Management Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Hurleys Waste Management Limited and state those matters that we have agreed to state to the board of directors of Hurleys Waste Management Limited as a body, in this report in accordance with the ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hurleys Waste Management Limited and its board of directors as a body for our work or for this report.

It is your duty to ensure that Hurleys Waste Management Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Hurleys Waste Management Limited. You consider that Hurleys Waste Management Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Hurleys Waste Management Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Spiers & Company

Chartered Accountants

72 Fielding Road

Chiswick

London

W4 1DB

24 January 2020

Hurleys Waste Management Limited

Abridged statement of financial position

31 August 2019

		2019		2018
	Note	£	£	£	£

Current assets
Debtors		397,422		400,503
Cash at bank and in hand		210,241		133,818
		_______		_______
		607,663		534,321
Creditors: amounts falling due
within one year		( 146,657)		( 154,587)
		_______		_______
Net current assets			461,006		379,734
			_______		_______
Total assets less current liabilities			461,006		379,734

			_______		_______
Net assets			461,006		379,734
			_______		_______

Capital and reserves
Called up share capital			100		100
Profit and loss account			460,906		379,634
			_______		_______
Shareholders funds			461,006		379,734
			_______		_______

For the year ending 31 August 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

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

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the abridged statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 24 January 2020 , and are signed on behalf of the board by:

Miss Louise Hurley

Director

Company registration number: 06676603

Hurleys Waste Management Limited

Statement of changes in equity

Year ended 31 August 2019

	Called up share capital	Profit and loss account	Total
	£	£	£


At 1 September 2017	100	289,046	289,146

Profit for the year		129,588	129,588
	_______	_______	_______
Total comprehensive income for the year	-	129,588	129,588

Dividends paid and payable		( 39,000)	( 39,000)
	_______	_______	_______
Total investments by and distributions to owners	-	( 39,000)	( 39,000)

	_______	_______	_______
At 31 August 2018 and 1 September 2018	100	379,634	379,734

Profit for the year		111,272	111,272
	_______	_______	_______
Total comprehensive income for the year	-	111,272	111,272

Dividends paid and payable		( 30,000)	( 30,000)
	_______	_______	_______
Total investments by and distributions to owners	-	( 30,000)	( 30,000)

	_______	_______	_______
At 31 August 2019	100	460,906	461,006
	_______	_______	_______

Hurleys Waste Management Limited

Notes to the financial statements

Year ended 31 August 2019

1. General information

The company is a private company limited by shares, registered in England. The address of the registered office is Hurleys Waste Management Limited, Unit 24, Cranbourne Industrial Estate, Cranbourne Road, Potters Bar, Herts, EN6 3JN.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.