HT Waste Recycling Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 04119808 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 October 2016

for

HT Waste Recycling Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr P R Holloway

Mr B A Holloway

Mr R P Holloway

Mr S J Taylor

SECRETARY:

Mr B A Holloway

REGISTERED OFFICE:

90-92 High Street

Evesham

Worcestershire

WR11 4EU

REGISTERED NUMBER:

04119808 (England and Wales)

ACCOUNTANTS:

Attwoods

90-92 High Street

Evesham

Worcestershire

WR11 4EU

FIXED ASSETS

Intangible assets

2

3,000

3,750

Tangible assets

3

1,205,272

1,062,309

1,208,272

1,066,059

CURRENT ASSETS

Stocks

15,250

8,635

Debtors

289,721

262,335

Cash at bank and in hand

284,008

166,187

588,979

437,157

CREDITORS

Amounts falling due within one year

4

595,415

375,584

NET CURRENT (LIABILITIES)/ASSETS

(6,436

)

61,573

TOTAL ASSETS LESS CURRENT LIABILITIES

1,201,836

1,127,632

CREDITORS

Amounts falling due after more than one year

4

(177,114

)

(164,222

)

PROVISIONS FOR LIABILITIES

(183,044

)

(179,333

)

NET ASSETS

841,678

784,077

CAPITAL AND RESERVES

Called up share capital

5

100

100

Profit and loss account

841,578

783,977

SHAREHOLDERS' FUNDS

841,678

784,077

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 27 January 2017 and were signed on its behalf by:

Mr B A Holloway - Director

Mr P R Holloway - Director

Mr R P Holloway - Director

Mr S J Taylor - 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 January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2000, is being amortised evenly over its estimated useful life of twenty years.

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.

Improvements to property

-

10% on cost

Plant and machinery

-

13.5% on reducing balance

Office equipment

-

25% on reducing balance

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.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2015

and 31 October 2016

15,000

AMORTISATION

At 1 November 2015

11,250

Amortisation for year

750

At 31 October 2016

12,000

NET BOOK VALUE

At 31 October 2016

3,000

At 31 October 2015

3,750

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2015

2,346,890

Additions

437,293

Disposals

(144,500

)

At 31 October 2016

2,639,683

DEPRECIATION

At 1 November 2015

1,284,581

Charge for year

196,102

Eliminated on disposal

(46,272

)

At 31 October 2016

1,434,411

NET BOOK VALUE

At 31 October 2016

1,205,272

At 31 October 2015

1,062,309

4.

CREDITORS

Creditors include an amount of £ 415,719 (31.10.15 - £ 321,592 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.16

31.10.15

value:

£

£

100

Ordinary

£1

100

100

6.	ULTIMATE PARENT COMPANY

HT Holdings Limited is regarded by the directors as being the company's ultimate parent company.