Stan Ellis Waste Paper Collections Ltd - Period Ending 2014-09-30

Registration number: 06350694

Stan Ellis Waste Paper Collections Ltd

Unaudited Abbreviated Accounts

for the Year Ended 30 September 2014
 

G Broadhead
Accountants
Unit 14
Sharp Street
Dewsbury
West Yorkshire
WF13 1QZ

Stan Ellis Waste Paper Collections Ltd
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Stan Ellis Waste Paper Collections Ltd
(Registration number: 06350694)
Abbreviated Balance Sheet at 30 September 2014

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets					27,472			25,730
Current assets
Stocks					2,000			2,000
Debtors					149,787			52,864
Cash at bank and in hand					19,021			40,288
					170,808			95,152
Creditors: Amounts falling due within one year					(119,409)			(101,707)
Net current assets/(liabilities)					51,399			(6,555)
Total assets less current liabilities					78,871			19,175
Creditors: Amounts falling due after more than one year					(40,000)			(40,000)
Provisions for liabilities					(5,015)			(4,562)
Net assets/(liabilities)					33,856			(25,387)
Capital and reserves
Called up share capital		3			300			300
Profit and loss account					33,556			(25,687)
Shareholders' funds/(deficit)					33,856			(25,387)

For the year ending 30 September 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 21 May 2015 and signed on its behalf by:

.........................................
Miss W Ellis
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Stan Ellis Waste Paper Collections Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 September 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and machinery	20% straight line
Motor vehicles	25% reducing balance

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

Page 2

Stan Ellis Waste Paper Collections Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 September 2014
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 October 2013		125,557			125,557
Additions		10,625			10,625
At 30 September 2014		136,182			136,182
Depreciation
At 1 October 2013		99,827			99,827
Charge for the year		8,883			8,883
At 30 September 2014		108,710			108,710
Net book value
At 30 September 2014		27,472			27,472
At 30 September 2013		25,730			25,730

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary of £1 each		300			300			300			300

4

Control

The company is controlled by three equal shareholders, S Ellis, Mrs G A Ellis and Miss W Ellis..

Page 3