Dumpall Waste Management Limited - Period Ending 2016-03-31

Registration number: 03465323

Dumpall Waste Management Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2016
 

Dumpall Waste Management Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Dumpall Waste Management Limited (Registration number: 03465323)
Abbreviated Balance Sheet at 31 March 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					626,322			713,303
Current assets
Debtors					732,501			698,483
Cash at bank and in hand					1,242,224			901,308
					1,974,725			1,599,791
Creditors: Amounts falling due within one year					(355,667)			(504,441)
Net current assets					1,619,058			1,095,350
Total assets less current liabilities					2,245,380			1,808,653
Provisions for liabilities					(31,801)			(37,156)
Net assets					2,213,579			1,771,497
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					2,213,479			1,771,397
Shareholders' funds					2,213,579			1,771,497

For the year ending 31 March 2016 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 17 August 2016 and signed on its behalf by:

......................................... Mr S Morris Director

......................................... Mrs C Morris Director

The notes on pages 2 to 3 form an integral part of these financial statements.
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Dumpall Waste Management Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Going concern

The financial statements have been prepared on a going concern basis.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Amortisation

Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Amortisation method and rate
Goodwill	5 years on a straight line basis

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Buildings	25 years on a straight line basis
Motor vehicles	25% per annum on a reducing balance basis
Plant and machinery	25% per annum on a reducing balance basis
Equipment	15% per annum on a reducing balance basis
Lorries and trailers	25% per annum on a reducing balance basis
Skips	25% per annum on a reducing balance basis

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

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Dumpall Waste Management Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as 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. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

2	Fixed assets

		Intangible assets £			Tangible assets £			Total £
Cost
At 1 April 2015		25,000			2,664,847			2,689,847
Additions		-			32,660			32,660
At 31 March 2016		25,000			2,697,507			2,722,507
Depreciation
At 1 April 2015		25,000			1,951,544			1,976,544
Charge for the year		-			119,641			119,641
At 31 March 2016		25,000			2,071,185			2,096,185
Net book value
At 31 March 2016		-			626,322			626,322
At 31 March 2015		-			713,303			713,303

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary of £1 each		100			100			100			100

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