Mission Recycling Swindon Limited - Limited company - abbreviated - 11.0.0

Mission Recycling Swindon Limited - Limited company - abbreviated - 11.0.0

MISSION RECYCLING SWINDON LIMITED - Company Information

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REGISTERED NUMBER: 06598396















MISSION RECYCLING SWINDON LIMITED

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2014






MISSION RECYCLING SWINDON LIMITED (REGISTERED NUMBER: 06598396)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2014




Page

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2

MISSION RECYCLING SWINDON LIMITED (REGISTERED NUMBER: 06598396)

ABBREVIATED BALANCE SHEET
31 MARCH 2014

2014 2013
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 79,318 93,315

CURRENT ASSETS
Stocks 8,697 7,880
Debtors 3 246,468 272,500
Cash at bank 170,042 138,929
425,207 419,309
CREDITORS
Amounts falling due within one year 4 297,578 313,883
NET CURRENT ASSETS 127,629 105,426
TOTAL ASSETS LESS CURRENT
LIABILITIES
206,947
198,741

PROVISIONS FOR LIABILITIES 6,802 7,612
NET ASSETS 200,145 191,129

CAPITAL AND RESERVES
Called up share capital 5 1 1
Profit and loss account 200,144 191,128
SHAREHOLDERS' FUNDS 200,145 191,129

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 1 August 2014 and were signed by:





N C Spencer - Director


The notes on pages 2 to 3 form part of these abbreviated accounts

1
MISSION RECYCLING SWINDON LIMITED (REGISTERED NUMBER: 06598396)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2014

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 goods, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for
obsolete and slow moving items.

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
Where the company has entered into finance leases, the obligations to the lessor are shown as part of
borrowings and the rights in the corresponding assets are treated in the same way as owned fixed
assets. Leases are regarded as finance leases where their terms transfer to the lessee substantially
all the benefits and burdens of ownership other than the right to legal title. Rentals payable under
operating leases are charged on a straight line basis over the lease term.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2013
and 31 March 2014 197,585
DEPRECIATION
At 1 April 2013 104,270
Charge for year 13,997
At 31 March 2014 118,267
NET BOOK VALUE
At 31 March 2014 79,318
At 31 March 2013 93,315

3. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

The aggregate total of debtors falling due after more than one year is £ 166,500 (2013 - £ 173,500 )

4. CREDITORS

Creditors include an amount of £ 0 (2013 - £ 4,800 ) for which security has been given.

2 continued...
MISSION RECYCLING SWINDON LIMITED (REGISTERED NUMBER: 06598396)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 MARCH 2014

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
1 Ordinary £1 1 1

6. ULTIMATE PARENT COMPANY

The company's parent and ultimate parent company was Mission Resources Group Limited.

3