Abbreviated Company Accounts - WORLD OF RECYCLING LTD

WORLD OF RECYCLING LTD - Company Information

07496566 WORLD OF RECYCLING LTD 2014-01-31 false 2013-02-01 2014-01-31 true 07496566 2013-02-01 2014-01-31 07496566 2014-01-31 07496566 2013-01-31 07496566 uk-gaap-cd-bus:Director1 2013-02-01 2014-01-31 07496566 uk-gaap-cd-bus:Director2 2013-02-01 2014-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-02-01 2014-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-01-31 iso4217:GBP shares

Registered Number 07496566

WORLD OF RECYCLING LTD

Abbreviated Accounts

31 January 2014

WORLD OF RECYCLING LTD Registered Number 07496566

Abbreviated Balance Sheet as at 31 January 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	36,686	15,610
		36,686	15,610
Current assets
Stocks		12,500	10,750
Debtors		82	743
Cash at bank and in hand		234	10,995
		12,816	22,488
Creditors: amounts falling due within one year		(29,766)	(29,966)
Net current assets (liabilities)		(16,950)	(7,478)
Total assets less current liabilities		19,736	8,132
Creditors: amounts falling due after more than one year		(27,958)	(4,689)
Total net assets (liabilities)		(8,222)	3,443
Capital and reserves
Called up share capital	3	300	300
Profit and loss account		(8,522)	3,143
Shareholders' funds		(8,222)	3,443

For the year ending 31 January 2014 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 29 October 2014

And signed on their behalf by:
Mrs S Bains, Director

WORLD OF RECYCLING LTD Registered Number 07496566

Notes to the Abbreviated Accounts for the period ended 31 January 2014

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.

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Tangible assets depreciation policy
All fixed assets are initially recorded at cost.

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Plant & Machinery - 25% Straight Line
Fixtures & Fittings - 20% Straight Line

2Tangible fixed assets

	£
Cost
At 1 February 2013	16,483
Additions	30,770
Disposals	-
Revaluations	-
Transfers	-
At 31 January 2014	47,253
Depreciation
At 1 February 2013	873
Charge for the year	9,694
On disposals	-
At 31 January 2014	10,567
Net book values
At 31 January 2014	36,686
At 31 January 2013	15,610

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
300 Ordinary shares of £1 each	300	300