Abbreviated Company Accounts - WASTE WOOD RECYCLING LIMITED

WASTE WOOD RECYCLING LIMITED - Company Information

03806371 WASTE WOOD RECYCLING LIMITED 2014-07-31 false 2013-08-01 2014-07-31 true 03806371 2013-08-01 2014-07-31 03806371 2014-07-31 03806371 2013-07-31 03806371 uk-gaap-cd-bus:Director1 2013-08-01 2014-07-31 03806371 uk-gaap-cd-bus:Director2 2013-08-01 2014-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-08-01 2014-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-07-31 iso4217:GBP shares

Registered Number 03806371

WASTE WOOD RECYCLING LIMITED

Abbreviated Accounts

31 July 2014

WASTE WOOD RECYCLING LIMITED Registered Number 03806371

Abbreviated Balance Sheet as at 31 July 2014

	Notes	2014	2013
		£	£
Current assets
Debtors		75,245	77,765
Cash at bank and in hand		747	3,117
		75,992	80,882
Creditors: amounts falling due within one year		(112,142)	(115,218)
Net current assets (liabilities)		(36,150)	(34,336)
Total assets less current liabilities		(36,150)	(34,336)
Total net assets (liabilities)		(36,150)	(34,336)
Capital and reserves
Called up share capital	2	250,000	250,000
Profit and loss account		(286,150)	(284,336)
Shareholders' funds		(36,150)	(34,336)

For the year ending 31 July 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 28 April 2015

And signed on their behalf by:
Mr E S Taylor, Director

WASTE WOOD RECYCLING LIMITED Registered Number 03806371

Notes to the Abbreviated Accounts for the period ended 31 July 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared under the historical cost convention.
The company has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement on the grounds that it is a small company.

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings Freehold No provision
Plant and machinery 5% - 10% Reducing balance
Fixtures, fittings & equipment 15% - 33.33% Reducing balance
Motor vehicles 25% Reducing balance
No depreciation is provided in respect of freehold property. It is the company's policy to maintain the property in such a condition that the value of the property, taken as a whole, is not impaired by the passage of time. Such expenditure is charged to profits in the year in which it is incurred. As a consequence, any element of depreciation would, in the opinion of the directors, be immaterial and no provision for depreciation has been made. This is not in accordance with the requirements of Financial Reporting Standard No.15 "Tangible Fixed Assets" but in the opinion of the directors is necessary to show a true and fair view.

Other accounting policies
Revenue recognition
Revenue is recognised by the company as services are invoiced.

2Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
250,000 Ordinary shares of £1 each	250,000	250,000