Severn Asbestos Removal Ltd - Accounts

Severn Asbestos Removal Ltd - Accounts

SEVERN ASBESTOS REMOVAL LTD - Company Information

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Registered Number: 14104844
England and Wales

 

 

 


Abridged Accounts

for the period ended 31 May 2023

for

SEVERN ASBESTOS REMOVAL LTD

Severn Asbestos Removal Ltd
Contents Page
For the period ended 31 May 2023
Accountants report

You consider that the company is exempt from an audit for the year ended 31 May 2023 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.

In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.

Douglas Marshall
31 May 2023



....................................................
Wyre Business Consultants Ltd
26 Church Street
Kidderminster
DY10 2AR
30 November 2023
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 		 Notes
 		 2023
£
Fixed assets    
Tangible fixed assets 3 27,178 
27,178 
Current assets    
Debtors 98,738 
Cash at bank and in hand 41,270 
140,008 
Creditors: amount falling due within one year (118,282)
Net current assets 21,726 
 
Total assets less current liabilities 48,904 
Creditors: amount falling due after more than one year (17,805)
Net assets 31,099 
 

Capital and reserves 		   
Called up share capital 100 
Profit and loss account 30,999 
Shareholder's funds 31,099 
 


For the period ended 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. The director acknowledges 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 director on 30 November 2023 and were signed by:


-------------------------------
Mr J Hinton
Director
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General Information
Severn Asbestos Removal Ltd is a private company, limited by shares, registered in England and Wales, registration number 14104844, registration address 26 Church Street, Kidderminster, Worcestershire, DY10 2AR.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
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:
Computer Equipment 25% Reducing Balance
2.

Average number of employees

Average number of employees during the period was 3.
3.

Tangible fixed assets

Cost or valuation Motor Vehicles   Computer Equipment   Total
  £   £   £
At 13 May 2022 -    -    - 
Additions 36,141    96    36,237 
Disposals -    -    - 
At 31 May 2023 36,141    96    36,237 
Depreciation
At 13 May 2022 -    -    - 
Charge for period 9,035    24    9,059 
On disposals -    -    - 
At 31 May 2023 9,035    24    9,059 
Net book values
Closing balance as at 31 May 2023 27,106    72    27,178 
Opening balance as at 13 May 2022 -    -    - 


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