North Somerset Metal and Cable Recycling Limited - Accounts

NORTH SOMERSET METAL AND CABLE RECYCLING LTD - Company Information

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Registered Number : 08481710

England and Wales

NORTH SOMERSET METAL AND CABLE RECYCLING LIMITED

Abridged Accounts

Period of accounts

Start date: 01 May 2015

End date: 30 April 2016

North Somerset Metal and Cable Recycling Limited
Contents Page
For the year ended 30 April 2016

Statement of Financial Position
Notes to the Financial Statement

North Somerset Metal and Cable Recycling Limited
Statement of Financial Position
As at 30 April 2016

	Notes	2016 £	2015 £
Fixed assets
Tangible fixed assets	2	61,516	29,028
		61,516	29,028
Current assets
Stocks		1,500	5,000
Debtors		458	20,350
Cash at bank and in hand		5,493	6,046
		7,451	31,396
Creditors: amount falling due within one year		(46,209)	(47,002)
Net current assets		(38,758)	(15,606)
Total assets less current liabilities		22,758	13,422
Creditors: amount falling due more than one year		(3,913)	(5,775)
Provisions for liabilities		-	(5,816)
Net assets		18,845	1,831
Capital and reserves
Called up share capital		10	10
Profit and loss account		18,835	1,821
Shareholders funds		18,845	1,831

For the year ended 30 April 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts

The accounts have been prepared in accordance with the micro entity provisions of the Companies Act 2006 and the Financial Reporting Standard For Smaller Entities (effective January 2015).

The members have agreed to the preparation of abridged accounts.

Signed on behalf of the board of directors

--------------------------------
Simon Clark
Director

Date approved by the board: 30 January 2017

North Somerset Metal and Cable Recycling Limited
Notes to the Abridged Financial Statements
For the year ended 30 April 2016

1.	Accounting Policies Basis of accounting The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Tangible fixed assets

Cost or Valuation	Plant and Machinery	Motor Vehicles	Total
	£	£	£
At 01 May 2015	22,607	21,396	44,003
Additions	17,893	29,616	47,509
Disposals	-	-	-
At 30 April 2016	40,500	51,012	91,512
Depreciation
At 01 May 2015	7,027	7,948	14,975
Charge for year	7,991	7,030	15,021
On disposals	-	-	-
At 30 April 2016	15,018	14,978	29,996
Net book values
At 30 April 2016	25,482	36,034	61,516
At 01 May 2015	15,580	13,448	29,028