Abbreviated Company Accounts - SCRAP METAL RECYCLING LIMITED

Abbreviated Company Accounts - SCRAP METAL RECYCLING LIMITED

SCRAP METAL RECYCLING LIMITED - Company Information

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Registered Number 08071162

SCRAP METAL RECYCLING LIMITED

Abbreviated Accounts

31 May 2016

SCRAP METAL RECYCLING LIMITED Registered Number 08071162

Abbreviated Balance Sheet as at 31 May 2016

Notes 2016 2015
£ £
Called up share capital not paid - -
Fixed assets
Intangible assets - -
Tangible assets 2 206,915 281,745
Investments - -
206,915 281,745
Current assets
Stocks 10,000 150,000
Debtors 31,434 10,071
Investments - -
Cash at bank and in hand 402,555 277,987
443,989 438,058
Prepayments and accrued income - -
Creditors: amounts falling due within one year (445,948) (524,580)
Net current assets (liabilities) (1,959) (86,522)
Total assets less current liabilities 204,956 195,223
Creditors: amounts falling due after more than one year 0 (32,981)
Provisions for liabilities 0 0
Accruals and deferred income (10,500) (10,500)
Total net assets (liabilities) 194,456 151,742
Capital and reserves
Called up share capital 4 4
Share premium account 0 0
Revaluation reserve 0 0
Other reserves 0 0
Profit and loss account 194,452 151,738
Shareholders' funds 194,456 151,742
  • For the year ending 31 May 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 February 2017

And signed on their behalf by:
Peter Curtis, Director

SCRAP METAL RECYCLING LIMITED Registered Number 08071162

Notes to the Abbreviated Accounts for the period ended 31 May 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

2Tangible fixed assets
£
Cost
At 1 June 2015 453,651
Additions 8,026
Disposals (30,000)
Revaluations 0
Transfers 0
At 31 May 2016 431,677
Depreciation
At 1 June 2015 171,906
Charge for the year 68,794
On disposals (15,938)
At 31 May 2016 224,762
Net book values
At 31 May 2016 206,915
At 31 May 2015 281,745