Oates Environmental Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 04005464 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2016

FOR

OATES ENVIRONMENTAL LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

S W Oates

Mrs B J Oates

SECRETARY:

Mrs B J Oates

REGISTERED OFFICE:

10 Carr Crofts Drive

Leeds

West Yorkshire

LS12 3AL

REGISTERED NUMBER:

04005464 (England and Wales)

FIXED ASSETS

Intangible assets

2

1

Tangible assets

3

677,461

351,925

677,462

351,926

CURRENT ASSETS

Debtors

455,353

249,743

Cash at bank and in hand

1,208,072

1,035,001

1,663,425

1,284,744

CREDITORS

Amounts falling due within one year

4

539,780

322,019

NET CURRENT ASSETS

1,123,645

962,725

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,801,107

1,314,651

CREDITORS

Amounts falling due after more than one
year

4

(379,124

)

(123,689

)

PROVISIONS FOR LIABILITIES

(94,344

)

(29,182

)

NET ASSETS

1,327,639

1,161,780

CAPITAL AND RESERVES

Called up share capital

5

10

Profit and loss account

1,327,629

1,161,770

SHAREHOLDERS' FUNDS

1,327,639

1,161,780

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 10 February 2017 and were signed on its
behalf by:

S W Oates - 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 is not amortised.

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.

Land and buildings

-

Over the term of the lease

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

20% on reducing balance

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 assets are recognised only to the extent that there is sufficient evidence

that it is more likely than not that they will be recovered in the future.

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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2015

and 31 May 2016

1

NET BOOK VALUE

At 31 May 2016

1

At 31 May 2015

1

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2015

584,941

Additions

404,321

At 31 May 2016

989,262

DEPRECIATION

At 1 June 2015

233,016

Charge for year

78,785

At 31 May 2016

311,801

NET BOOK VALUE

At 31 May 2016

677,461

At 31 May 2015

351,925

4.

CREDITORS

Creditors include an amount of £ 473,777 (31.5.15 - £ 157,425 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

31.5.16

31.5.15

value:

£

10

Ordinary

£1

10