CENTRAL WASTE SERVICES LIMITED - Accounts

CENTRAL WASTE SERVICES LIMITED - Accounts

SKIP IT WASTE MANAGEMENT LIMITED - Company Information

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Registered Number: 03898215
England and Wales

 

 

 

CENTRAL WASTE SERVICES LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 January 2019

End date: 31 December 2019

CENTRAL WASTE SERVICES LIMITED
Contents Page
For the year ended 31 December 2019
 
 		 Notes
 		 2019
£		   2018
£
Fixed assets      
Tangible fixed assets 3 446,447    143,259 
446,447    143,259 
Current assets      
Debtors: amounts falling due within one year 470,071    315,908 
Cash at bank and in hand 4,950    159,086 
475,021    474,994 
Creditors: amount falling due within one year (616,486)   (190,255)
Net current assets (141,465)   284,739 
 
Total assets less current liabilities 304,982    427,998 
Net assets 304,982    427,998 
 

Capital and reserves 		     
Called up share capital 4 1,000    1,000 
Profit and loss account 303,982    426,998 
Shareholders funds 304,982    427,998 
 


For the year ended 31 December 2019 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476
  2. 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
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 the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 26 October 2020 and were signed on its behalf by:


--------------------------------
Mo Maan
Director
1
General Information
CENTRAL WASTE SERVICES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 03898215, registration address 3 Maltings Place, London, London, SW6 2BT

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sale taxes.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the income statement on a straight line basis.
Preference dividends
Where preference shares are classed as liabilities rather than equity any preference dividends paid are included in interest payable and similar charges within the income statement.
Intangible assets
Intangible assets are initially measured at cost, after initial recognition intangible assets are measured at cost less any accumulated amortization and any accumulated impairment losses.
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 5 years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 5 Straight Line
Motor Vehicles 5 Straight Line
Computer Equipment 5 Straight Line
2.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 January 2019 5,000    5,000 
Additions -    - 
Disposals -    - 
At 31 December 2019 5,000    5,000 
Amortisation
At 01 January 2019 5,000    5,000 
Charge for year -    - 
On disposals -    - 
At 31 December 2019 5,000    5,000 
Net book values
At 31 December 2019 -    - 
At 31 December 2018 -    - 


3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Computer Equipment   Total
  £   £   £   £
At 01 January 2019 48,120    276,274    50,618    375,012 
Additions 413,069    26,390    1,132    440,591 
Disposals -    -    -    - 
At 31 December 2019 461,189    302,664    51,750    815,603 
Depreciation
At 01 January 2019 28,984    167,397    35,372    231,753 
Charge for year 89,728    41,459    6,216    137,403 
On disposals -    -    -    - 
At 31 December 2019 118,712    208,856    41,588    369,156 
Net book values
Closing balance as at 31 December 2019 342,477    93,808    10,162    446,447 
Opening balance as at 01 January 2019 19,136    108,877    15,246    143,259 

The net book value of motor vehicles includes £379,755 (2018: £104,771) in respect of assets held under finance leases or hire purchase contracts.

4.

Share Capital

Allotted
2019
£		   2018
£
1,000 Class A shares of £1.00 each 1,000    1,000 
1,000    1,000 

5.

Staff Costs

2019   2018
 
Average number of employees during the year Number   Number
Administration 33    23 
33    23 

6.

Average number of employees

The average monthly number of employees, including directors, during the year was 33 (2018 : 23)
2