Abbreviated Company Accounts - RENTON SCRAP METAL PROCESSORS LIMITED

RENTON SCRAP METAL PROCESSORS LIMITED - Company Information

02284800 RENTON SCRAP METAL PROCESSORS LIMITED 2015-10-31 false 2014-11-01 2015-10-31 true 02284800 2014-11-01 2015-10-31 02284800 2015-10-31 02284800 2014-10-31 02284800 uk-gaap-cd-bus:Director1 2014-11-01 2015-10-31 02284800 uk-gaap-cd-bus:Director2 2014-11-01 2015-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-11-01 2015-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-10-31 iso4217:GBP shares

Registered Number 02284800

RENTON SCRAP METAL PROCESSORS LIMITED

Abbreviated Accounts

31 October 2015

RENTON SCRAP METAL PROCESSORS LIMITED Registered Number 02284800

Abbreviated Balance Sheet as at 31 October 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets	2	394,793	398,313
		394,793	398,313
Current assets
Stocks		31,000	15,000
Debtors		34,146	9,656
Cash at bank and in hand		60,963	187,381
		126,109	212,037
Creditors: amounts falling due within one year		(187,395)	(307,167)
Net current assets (liabilities)		(61,286)	(95,130)
Total assets less current liabilities		333,507	303,183
Creditors: amounts falling due after more than one year		(31,667)	-
Provisions for liabilities		(54,031)	(41,637)
Total net assets (liabilities)		247,809	261,546
Capital and reserves
Called up share capital	3	100	100
Share premium account		989	989
Profit and loss account		246,720	260,457
Shareholders' funds		247,809	261,546

For the year ending 31 October 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 27 March 2016

And signed on their behalf by:
A M Hodnett, Director

RENTON SCRAP METAL PROCESSORS LIMITED Registered Number 02284800

Notes to the Abbreviated Accounts for the period ended 31 October 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover comprises the invoiced value of goods and services supplied by the company, within the United Kingdom.

Tangible assets depreciation policy
Depreciation is provided at rates estimated to write off the cost or revalued amounts, less estimated residual value, of each asset over its expected useful life as follows.
Plant and Machinery 15% reducing balance per annum.
Fixtures and Fittings 15% reducing balance per annum.
Motor Vehicles 25% reducing balance per annum.

2Intangible fixed assets

	£
Cost
At 1 November 2014	824,823
Additions	73,400
Disposals	(47,000)
Revaluations	-
Transfers	-
At 31 October 2015	851,223
Amortisation
At 1 November 2014	426,510
Charge for the year	64,753
On disposals	(34,833)
At 31 October 2015	456,430
Net book values
At 31 October 2015	394,793
At 31 October 2014	398,313

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
100 A Ordinary shares of £1 each	100	100