Aggregate Processing & Recycling Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 03160337 (England and Wales)

Aggregate Processing & Recycling Limited

Abbreviated Unaudited Accounts

for the Year Ended 31 December 2013

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

G Caves

SECRETARY:

Mrs K L Caves

REGISTERED OFFICE:

Corner Of Ninian Way &

Hedging Lane

Wilnecote

Tamworth

Staffordshire

B77 5EX

REGISTERED NUMBER:

03160337 (England and Wales)

ACCOUNTANTS:

Wychbury Greaves

Towers Point

Towers Business Park

Wheelhouse Road

Rugeley

Staffordshire

WS15 1UN

FIXED ASSETS

Tangible assets

2

43,525

72,105

Investments

3

201

201

43,726

72,306

CURRENT ASSETS

Stocks

2,912,540

3,026,977

Debtors

775,017

679,482

Cash at bank and in hand

520,119

229,798

4,207,676

3,936,257

CREDITORS

Amounts falling due within one year

4

3,311,981

3,216,671

NET CURRENT ASSETS

895,695

719,586

TOTAL ASSETS LESS CURRENT LIABILITIES

939,421

791,892

CREDITORS

Amounts falling due after more than one year

4

(166,329

)

(255,857

)

PROVISIONS FOR LIABILITIES

(5,800

)

(6,769

)

NET ASSETS

767,292

529,266

CAPITAL AND RESERVES

Called up share capital

5

100

100

Profit and loss account

767,192

529,166

SHAREHOLDERS' FUNDS

767,292

529,266

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 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 24 September 2014 and were signed by:

G Caves - 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 goods, 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling

at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

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

period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2013

254,919

Additions

21,365

Disposals

(139,271

)

At 31 December 2013

137,013

DEPRECIATION

At 1 January 2013

182,814

Charge for year

14,507

Eliminated on disposal

(103,833

)

At 31 December 2013

93,488

NET BOOK VALUE

At 31 December 2013

43,525

At 31 December 2012

72,105

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 January 2013

and 31 December 2013

500,201

PROVISIONS

At 1 January 2013

and 31 December 2013

500,000

NET BOOK VALUE

At 31 December 2013

201

At 31 December 2012

201

The company's investments at the balance sheet date in the share capital of companies include the following:

S&JC Processing Ltd

Country of incorporation: England and Wales

Nature of business: Dormant

%

Class of shares:

holding

Ordinary A

100.00

Ordinary B

0.60

Investments in subsidiary undertakings are stated at cost less any provisions for impairment in value.

4.

CREDITORS

Creditors include an amount of £ 324,351 (2012 - £ 499,092 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

£

100

Ordinary

1

100

100

6.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES