Barnsley Recycling Limited - Accounts to registrar (filleted) - small 18.2
Barnsley Recycling Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Barnsley Recycling Limited |
| Financial Statements |
| for the Year Ended 31 May 2019 |
| Barnsley Recycling Limited (Registered number: 05135479) |
| Contents of the Financial Statements |
| for the year ended 31 May 2019 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Barnsley Recycling Limited |
| Company Information |
| for the year ended 31 May 2019 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 33 George Street |
| Wakefield |
| West Yorkshire |
| WF1 1LX |
| BANKERS: |
| PO Box 48 |
| 26 Market Hill |
| Barnsley |
| South Yorkshire |
| S70 2QU |
| Barnsley Recycling Limited (Registered number: 05135479) |
| Balance Sheet |
| 31 May 2019 |
| 2019 | 2018 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 7 | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) |
| NET ASSETS |
| Barnsley Recycling Limited (Registered number: 05135479) |
| Balance Sheet - continued |
| 31 May 2019 |
| 2019 | 2018 |
| Notes | £ | £ | £ | £ |
| CAPITAL AND RESERVES |
| Called up share capital |
| Share premium | 9 |
| Capital redemption reserve | 9 |
| Retained earnings | 9 |
| SHAREHOLDERS' FUNDS |
| 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. |
| 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 |
| Barnsley Recycling Limited (Registered number: 05135479) |
| Notes to the Financial Statements |
| for the year ended 31 May 2019 |
| 1. | STATUTORY INFORMATION |
| Barnsley Recycling Limited is a |
| registered number and registered office address can be found on the Company Information page. |
| The company's functional and presentation currency is the pound sterling £. All financial information presented has been |
| rounded to the nearest £, unless otherwise stated. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added |
| tax and other sales taxes. |
| Tangible fixed assets |
| Freehold property | - |
| Plant and machinery | - |
| Motor vehicles | - |
| Office equipment | - |
| All fixed assets are initially recorded at cost. |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving |
| items. |
| 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. |
| Barnsley Recycling Limited (Registered number: 05135479) |
| Notes to the Financial Statements - continued |
| for the year ended 31 May 2019 |
| 2. | ACCOUNTING POLICIES - continued |
| Hire purchase and leasing commitments |
| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire |
| purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over |
| their estimated useful lives or the lease term, whichever is the shorter. |
| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the |
| future payments is treated as a liability. |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
| Pension costs and other post-retirement benefits |
| The company makes employers contributions into personal pension schemes for each of the directors. Contributions |
| payable are charged to the profit and loss account in the period to which they relate. |
| Government grants |
| Grants received in relation to capital expenditure are included within creditors and released to the profit and loss account in |
| line with the depreciation charged on the relevant capital items. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was NIL (2018 - |
| 4. | TANGIBLE FIXED ASSETS |
| Freehold | Plant and | Motor | Office |
| property | machinery | vehicles | equipment | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1 June 2018 |
| Disposals | ( |
) | ( |
) | ( |
) | ( |
) | ( |
) |
| Impairments | (47,872 | ) | - | - | - | (47,872 | ) |
| At 31 May 2019 |
| DEPRECIATION |
| At 1 June 2018 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) | ( |
) | ( |
) | ( |
) |
| At 31 May 2019 |
| NET BOOK VALUE |
| At 31 May 2019 |
| At 31 May 2018 |
| Barnsley Recycling Limited (Registered number: 05135479) |
| Notes to the Financial Statements - continued |
| for the year ended 31 May 2019 |
| 4. | TANGIBLE FIXED ASSETS - continued |
| Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
| Plant and | Motor |
| machinery | vehicles | Totals |
| £ | £ | £ |
| COST |
| At 1 June 2018 |
| Disposals | ( |
) | ( |
) | ( |
) |
| At 31 May 2019 |
| DEPRECIATION |
| At 1 June 2018 |
| Eliminated on disposal | ( |
) | ( |
) | ( |
) |
| At 31 May 2019 |
| NET BOOK VALUE |
| At 31 May 2019 |
| At 31 May 2018 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Trade debtors |
| Directors' current accounts | 225,000 | - |
| Prepayments and accrued income |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Bank loans and overdrafts |
| Hire purchase contracts |
| Trade creditors |
| Amounts owed to participating interests | - | 20,624 |
| Tax |
| Social security and other taxes |
| VAT | 61,051 | 25,854 |
| Accruals and deferred income |
| Deferred government grants |
| Barnsley Recycling Limited (Registered number: 05135479) |
| Notes to the Financial Statements - continued |
| for the year ended 31 May 2019 |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Bank loans |
| Hire purchase contracts |
| Deferred government grants |
| 8. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2019 | 2018 |
| £ | £ |
| Bank overdraft |
| Bank loans |
| Hire purchase contracts | - | 74,988 |
| 9. | RESERVES |
| Capital |
| Retained | Share | redemption |
| earnings | premium | reserve | Totals |
| £ | £ | £ | £ |
| At 1 June 2018 | 318,036 |
| Profit for the year |
| At 31 May 2019 | 748,903 |