Advanced Waste Solutions Ltd - Limited company - abbreviated - 11.9

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2015

FOR

ADVANCED WASTE SOLUTIONS LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mr M Andrew

Mrs B Cahill

REGISTERED OFFICE:

6th Floor

Dean Park House

Dean Park Crescent

Bournemouth

Dorset

BH1 1HP

REGISTERED NUMBER:

07576995 (England and Wales)

FIXED ASSETS

Tangible assets

2

64,513

26,431

CURRENT ASSETS

Debtors

1,199,406

787,685

Cash at bank and in hand

308,198

149,610

1,507,604

937,295

CREDITORS

Amounts falling due within one year

3

1,304,503

865,153

NET CURRENT ASSETS

203,101

72,142

TOTAL ASSETS LESS CURRENT LIABILITIES

267,614

98,573

CREDITORS

Amounts falling due after more than one year

3

(93,122

)

(31,800

)

PROVISIONS FOR LIABILITIES

(7,130

)

(2,652

)

NET ASSETS

167,362

64,121

CAPITAL AND RESERVES

Called up share capital

4

100,000

25,000

Profit and loss account

67,362

39,121

SHAREHOLDERS' FUNDS

167,362

64,121

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2015 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 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 20 October 2015 and were signed on its behalf by:

Mr M Andrew - Director

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 services, excluding value added tax.

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% on cost

Deferred tax

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

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the

lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2014

45,595

Additions

55,466

At 30 June 2015

101,061

DEPRECIATION

At 1 July 2014

19,164

Charge for year

17,384

At 30 June 2015

36,548

NET BOOK VALUE

At 30 June 2015

64,513

At 30 June 2014

26,431

3.

CREDITORS

Creditors include an amount of £ 83,560 (2014 - £ 31,800 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100,000

Ordinary

£1

100,000

25,000

During the year 75,000 ordinary shares of £1 each were alloted and fully paid as a bonus issue out of reserves.

5.	CONTROLLING PARTY

6.	ASSURANCE REVIEW REPORT

These abbreviated accounts have been prepared from the company's full annual financial statements which have been subject

to an Assurance Review Engagement complying with ICAEW TR 09/13 AAF.