Wolverhampton Metal Recycling Limited - Limited company - abbreviated - 11.0.0

Wolverhampton Metal Recycling Limited - Limited company - abbreviated - 11.0.0

WOLVERHAMPTON METAL RECYCLING LIMITED - Company Information

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REGISTERED NUMBER: 06799408 (England and Wales)




ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD 1 FEBRUARY 2013 TO 31 MARCH 2014

FOR

WOLVERHAMPTON METAL RECYCLING LIMITED

WOLVERHAMPTON METAL RECYCLING LIMITED (REGISTERED NUMBER: 06799408)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE PERIOD 1 FEBRUARY 2013 TO 31 MARCH 2014




Page

Company Information 1

Abbreviated Balance Sheet 2 to 3

Notes to the Abbreviated Accounts 4 to 5

WOLVERHAMPTON METAL RECYCLING LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 FEBRUARY 2013 TO 31 MARCH 2014







DIRECTORS: M J Bridgwood
Mrs J Bridgwood
J Bridgwood
J A Bridgwood





REGISTERED OFFICE: Priory House
2 Priory Road
Dudley
West Midlands
DY1 1HH





REGISTERED NUMBER: 06799408 (England and Wales)





ACCOUNTANTS: Poole Waterfield Limited
Priory House
2 Priory Road
Dudley
West Midlands
DY1 1HH
1
WOLVERHAMPTON METAL RECYCLING LIMITED (REGISTERED NUMBER: 06799408)

ABBREVIATED BALANCE SHEET
31 MARCH 2014

31.3.14 31.1.13
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 59,000 66,000
Tangible assets 3 - 78,792
59,000 144,792

CURRENT ASSETS
Stocks 55,200 191,800
Debtors 398,779 400,009
Cash at bank and in hand 50,346 140,972
504,325 732,781
CREDITORS
Amounts falling due within one year 237,481 621,687
NET CURRENT ASSETS 266,844 111,094
TOTAL ASSETS LESS CURRENT
LIABILITIES
325,844
255,886

PROVISIONS FOR LIABILITIES - 12,798
NET ASSETS 325,844 243,088

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account 325,744 242,988
SHAREHOLDERS' FUNDS 325,844 243,088

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2014 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 notes form part of these abbreviated accounts

2
WOLVERHAMPTON METAL RECYCLING LIMITED (REGISTERED NUMBER: 06799408)

ABBREVIATED BALANCE SHEET - continued
31 MARCH 2014


The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 30 June 2014 and were signed on its
behalf by:





Mrs J Bridgwood - Director


The notes form part of these abbreviated accounts

3
WOLVERHAMPTON METAL RECYCLING LIMITED (REGISTERED NUMBER: 06799408)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE PERIOD 1 FEBRUARY 2013 TO 31 MARCH 2014

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance
with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of fifteen years.

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

Expenditure on leasehold prop - 2% on cost
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for
obsolete and slow moving items.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the balance sheet date.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 February 2013
and 31 March 2014 90,000
AMORTISATION
At 1 February 2013 24,000
Amortisation for period 7,000
At 31 March 2014 31,000
NET BOOK VALUE

At 31 March 2014 59,000
At 31 January 2013 66,000

4
WOLVERHAMPTON METAL RECYCLING LIMITED (REGISTERED NUMBER: 06799408)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE PERIOD 1 FEBRUARY 2013 TO 31 MARCH 2014

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 February 2013 106,747
Additions 11,000
Disposals (117,747 )
At 31 March 2014 -
DEPRECIATION
At 1 February 2013 27,955
Eliminated on disposal (27,955 )
At 31 March 2014 -
NET BOOK VALUE
At 31 March 2014 -
At 31 January 2013 78,792

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.14 31.1.13
value: £    £   
100 Ordinary £1 100 100

5