K.p. Waste Company Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 03075744 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 September 2015

for

K.p. Waste Company Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

K Hill

SECRETARY:

H Hill

REGISTERED OFFICE:

60 High Firs Crescent

Harpenden

Hertfordshire

AL5 1NA

REGISTERED NUMBER:

03075744 (England and Wales)

ACCOUNTANTS:

Kate Brown Accountancy Limited

81 Gurney Court Road

St Albans

Hertfordshire

AL1 4QX

FIXED ASSETS

Tangible assets

2

584,354

512,629

CURRENT ASSETS

Stocks

10,000

10,000

Debtors

1,255,822

1,524,667

Cash at bank

70,822

103,799

1,336,644

1,638,466

CREDITORS

Amounts falling due within one year

1,159,183

1,543,691

NET CURRENT ASSETS

177,461

94,775

TOTAL ASSETS LESS CURRENT LIABILITIES

761,815

607,404

CREDITORS

Amounts falling due after more than one year

301,692

226,139

NET ASSETS

460,123

381,265

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

460,023

381,165

SHAREHOLDERS' FUNDS

460,123

381,265

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2015 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 12 May 2016 and were signed by:

K Hill - 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 etc

-

25% on cost and 15% on cost

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

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 October 2014

1,490,056

Additions

401,796

Disposals

(163,721

)

At 30 September 2015

1,728,131

DEPRECIATION

At 1 October 2014

977,427

Charge for year

280,765

Eliminated on disposal

(114,415

)

At 30 September 2015

1,143,777

NET BOOK VALUE

At 30 September 2015

584,354

At 30 September 2014

512,629

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.15

30.9.14

value:

£

£

100

Ordinary

1

100

100