Crapper and Sons Landfill Limited - Abbreviated accounts

CRAPPER & SONS LANDFILL LIMITED - Company Information

CRAPPER AND SONS LANDFILL LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 OCTOBER 2015

































Company Registration Number: 03707005

CRAPPER AND SONS LANDFILL LIMITED

ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2015


CONTENTS									PAGES



Company information									1

Balance sheet									2 to 3

Notes to the abbreviated financial statements									4 to 6

CRAPPER AND SONS LANDFILL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2015


DIRECTORS

R J Crapper
L J Crapper
H C Crapper
R W L Crapper
J M Bowden


SECRETARY

R W L Crapper


REGISTERED OFFICE

Cranbrook House
287-291 Banbury Road
Oxford
OX2 7JQ


COMPANY REGISTRATION NUMBER

03707005 England and Wales

CRAPPER AND SONS LANDFILL LIMITED

BALANCE SHEET
AS AT 31 October 2015


	Notes	2015			2014
		£			£

FIXED ASSETS
Tangible assets	2			2,761,124		2,376,400

CURRENT ASSETS
Debtors		3,173,989			2,451,333
Cash at bank and in hand		940,598			487,760


		4,114,587			2,939,093

CREDITORS: Amounts falling due		3,804,656			3,140,735
within one year


NET CURRENT ASSETS / (LIABILITIES)				309,931		(201,642)


TOTAL ASSETS LESS CURRENT LIABILITIES				3,071,055		2,174,758

CREDITORS: Amounts falling due	3			885,167		943,002
after more than one year

Provisions for liabilities and charges				226,134		152,251


NET ASSETS				1,959,754		1,079,505



CAPITAL AND RESERVES
Called up share capital	4			1,000		1,000
Profit and loss account				1,958,754		1,078,505


SHAREHOLDERS' FUNDS				1,959,754		1,079,505

These abbreviated accounts have been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006 and with the Financial Reporting Standard for Smaller Entities (effective April 2008).

For the financial year ended 31 October 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

Members have not required the company to obtain an audit in accordance with section 476 of the Act.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

Signed on behalf of the board of directors


R J Crapper			L J Crapper
Director			Director

Date approved by the board: 14 April 2016

CRAPPER AND SONS LANDFILL LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2015


1	STATEMENT OF ACCOUNTING POLICIES

	Accounting convention

	The accounts have been prepared under the historical cost convention and are based on accounts prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

	Turnover

	Turnover represents the value of goods and services provided, stated net of trade discounts and value added tax.

	Tangible fixed assets

	Fixed assets are stated at cost less accumulated depreciation.

	Depreciation has been provided at the following rates so as to write off the cost less residual value of the assets over their estimated useful lives.

	Freehold land and buildings	Straight line basis at 2% per annum
	Plant and equipment	Reducing balance basis at 15% per annum
	Office equipment	Reducing balance basis at 15% per annum
	Motor vehicles	Reducing balance basis at 25% per annum

	Landfill sites are included within freehold land and buildings at cost less accumulated depreciation. Cost includes acquisition and development expenses. The cost of landfill is depreciated to its residual value over its estimated operational life.

	No depreciation is provided on freehold land.

	Leases

	Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account on a straight line basis, to produce an approximately constant rate of charge on the balance of capital repayments outstanding.

	Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.


	Financial instruments

	Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

1	STATEMENT OF ACCOUNTING POLICIES (continued…)

	Deferred taxation

	Deferred taxation is the taxation attributable to timing differences between profits computed for taxation purposes and profits as stated in the financial statements and is fully provided for, except in circumstances where losses are deemed irrecoverable, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.

	Pensions

	The company operates a defined contribution pension scheme. The amount charged to the profit and loss account in respect of pension costs and other post-retirement benefits is the amount payable in the year. Differences between contributions payable and contributions actually paid in the year are shown as either accruals or prepayments in the balance sheet.

2	TANGIBLE ASSETS
					Tangible assets
					£
	Cost
	At 1 November 2014				3,056,047

	Additions				685,705

	Disposals				(163,398)


	At 31 October 2015				3,578,354


	Accumulated depreciation
	At 1 November 2014				679,647

	Charge for year				239,831

	Disposals				(102,248)


	At 31 October 2015				817,230


	Net book value
	At 1 November 2014				2,376,400


	At 31 October 2015				2,761,124


3	CREDITORS: amounts falling due after more than five years

				2015	2014
	Aggregate of instalments which fall due for repayment after five years:			£	£
	Bank loans and overdrafts			118,262	198,069


4	SHARE CAPITAL
		Nominal value	Number	2015	2014
		£		£	£
	Allotted, called up and fully paid:
	Ordinary shares	1	1,000	1,000	1,000

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