Midland Waste Treatment Limited Filleted accounts for Companies House (small and micro)
Midland Waste Treatment Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
08191423
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Statement of Financial Position |
2020 |
2019 |
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Note |
£ |
£ |
Fixed assets
Tangible assets |
5 |
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Current assets
Debtors |
6 |
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Cash at bank and in hand |
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--------- |
--------- |
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Creditors: amounts falling due within one year |
7 |
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Net current assets |
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--------- |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
8 |
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– |
Provisions |
(
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--------- |
--------- |
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Net assets |
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--------- |
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Capital and reserves
Called up share capital |
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Profit and loss account |
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Shareholders funds |
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In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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Statement of Financial Position (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
24 March 2021
, and are signed on behalf of the board by:
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Director |
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Company registration number:
08191423
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Notes to the Financial Statements |
Year ended 31 August 2020
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Colinton House, Leicester Road, Bedworth, Warwickshire, CV12 8AB, England. The principal activity of the company is collection, treatment and disposal of hazardous waste.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Disclosure exemptions
The entity satisfies the criteria of being a small entity as defined in FRS102 and section 382 of the Companies Act 2006 and has taken advantage of the disclosure exemptions available under paragraph 1A.7 of FRS102.
Judgements and key sources of estimation uncertainty
Revenue recognition
Income tax
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery |
- |
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Fixtures and fittings |
- |
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Impairment of fixed assets
Provisions
Financial instruments
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2019: Nil).
5.
Tangible assets
Plant and machinery |
Fixtures and fittings |
Total |
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£ |
£ |
£ |
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Cost |
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At 1 September 2019 |
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Additions |
– |
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Disposals |
(
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– |
(
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-------- |
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At 31 August 2020 |
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-------- |
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Depreciation |
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At 1 September 2019 |
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Charge for the year |
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Disposals |
(
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– |
(
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--------- |
-------- |
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At 31 August 2020 |
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Carrying amount |
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At 31 August 2020 |
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At 31 August 2019 |
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6.
Debtors
2020 |
2019 |
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£ |
£ |
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Trade debtors |
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Other debtors |
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7.
Creditors:
amounts falling due within one year
2020 |
2019 |
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£ |
£ |
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Bank loans and overdrafts |
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– |
Trade creditors |
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Corporation tax |
– |
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Social security and other taxes |
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– |
Other creditors |
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--------- |
-------- |
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--------- |
-------- |
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8.
Creditors:
amounts falling due after more than one year
2020 |
2019 |
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£ |
£ |
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Bank loans and overdrafts |
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– |
-------- |
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Included within creditors is an amount of £48,450 (2019: £nil) due to Lloyds Bank plc in more than one year accruing interest at 2.5% per annum. Included within this amount is an amount of £11,617 (2019: £nil) which is due after more than five years. This loan is due to be repaid by June 2026.
9.
Related party transactions