Andrews Recycled Materials Limited - Accounts to registrar - small 16.3

REGISTERED NUMBER: 06027175 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2016

for

Andrews Recycled Materials Limited

Previously known as

May Top Soils Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

D T Andrews

REGISTERED OFFICE:

Frog Lane

Off Marsh Way

Rainham

Essex

RM13 8UG

REGISTERED NUMBER:

06027175 (England and Wales)

ACCOUNTANTS:

Fitzgerald Mithia Springer Limited

Chartered Accountants

67 Westow Street

Upper Norwood

London

SE19 3RW

FIXED ASSETS

Tangible assets

5

-

569,600

CURRENT ASSETS

Debtors

6

608,115

52,955

Cash at bank

1,581,415

45,755

2,189,530

98,710

CREDITORS

Amounts falling due within one year

7

394,288

518,534

NET CURRENT ASSETS/(LIABILITIES)

1,795,242

(419,824

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,795,242

149,776

PROVISIONS FOR LIABILITIES

8

321,962

-

NET ASSETS

1,473,280

149,776

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

1,473,278

149,774

1,473,280

149,776

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 18 November 2016 and were signed by:

D T Andrews - Director

1.	STATUTORY INFORMATION

Andrews Recycled Materials Limited is a private company, limited by shares , registered in England and Wales.

The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. These are the company's first set of financial statements prepared in accordance with FRS 102. There were no transition adjustments.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

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.

Freehold property

-

not provided

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Deferred tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the

balance sheet date that are expected to apply to the reversal of the timing difference.

Deferred tax has been provided on rollover gain arising on sale of property. This gain will be subject to tax in

the future if the gain is not reinvested within specified time limits.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2015 - 1 ) .

5.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1 April 2015

569,600

Disposals

(569,600

)

At 31 March 2016

-

NET BOOK VALUE

At 31 March 2016

-

At 31 March 2015

569,600

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Other debtors

608,115

52,955

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade creditors

4,207

55,975

Taxation and social security

8,763

24,540

Other creditors

381,318

438,019

394,288

518,534

8.	PROVISIONS FOR LIABILITIES

2016

2015

£

£

Deferred tax

321,962

-

Deferred

tax

£

Charge on rolled over gain

321,962

Balance at 31 March 2016

321,962

Deferred tax has been provided on the gain arising on the disposal of the freehold property which is to be rolled

over into a replacement asset.