Abbreviated Company Accounts - ESSEX RECYCLING LTD.

ESSEX RECYCLING LTD. - Company Information

04382110 ESSEX RECYCLING LTD. 2014-01-31 false 2013-02-01 2014-01-31 true 04382110 2013-02-01 2014-01-31 04382110 2014-01-31 04382110 2013-01-31 04382110 uk-gaap-cd-bus:Director1 2013-02-01 2014-01-31 04382110 uk-gaap-cd-bus:Director2 2013-02-01 2014-01-31 uk-gaap-cd-bus:Director3 2013-02-01 2014-01-31 uk-gaap-cd-bus:Director3 2014-01-31 uk-gaap-cd-bus:Director3 2013-01-31 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 04382110

ESSEX RECYCLING LTD.

Abbreviated Accounts

31 January 2014

ESSEX RECYCLING LTD. Registered Number 04382110

Abbreviated Balance Sheet as at 31 January 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	67,525	137,056
		67,525	137,056
Current assets
Stocks		3,500	3,500
Debtors		222,481	287,048
Cash at bank and in hand		48,318	2,995
		274,299	293,543
Creditors: amounts falling due within one year	3	(349,869)	(403,057)
Net current assets (liabilities)		(75,570)	(109,514)
Total assets less current liabilities		(8,045)	27,542
Creditors: amounts falling due after more than one year	3	(2,571)	(27,081)
Total net assets (liabilities)		(10,616)	461
Capital and reserves
Called up share capital	4	100	100
Profit and loss account		(10,716)	361
Shareholders' funds		(10,616)	461

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 31 October 2014

And signed on their behalf by:
Mr S Eagle, Director

ESSEX RECYCLING LTD. Registered Number 04382110

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
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% & 50% Straight Line
Motor Vehicles - 20% Straight Line
Equipment - 33% Straight Line

Valuation information and policy
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Other accounting policies
Hire Purchase Agreements: Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair value. The capital element of the future payments is treated as a liability and the interest is charged to the profit and loss account on a straight line basis.

Operating Lease Agreements: Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Deferred Taxation: Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax, with the some exceptions.

Financial Instruments: Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

2Tangible fixed assets

	£
Cost
At 1 February 2013	281,229
Additions	-
Disposals	(125,666)
Revaluations	-
Transfers	-
At 31 January 2014	155,563
Depreciation
At 1 February 2013	144,173
Charge for the year	18,645
On disposals	(74,780)
At 31 January 2014	88,038
Net book values
At 31 January 2014	67,525
At 31 January 2013	137,056

3Creditors

	2014 £	2013 £
Secured Debts	80,722	102,097

4Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
100 Ordinary shares of £1 each	100	100

5Transactions with directors

Name of director receiving advance or credit:	S Eagle
Description of the transaction:	Transactions
Balance at 1 February 2013:	£ 0
Advances or credits made:	£ 1,309
Advances or credits repaid:	-
Balance at 31 January 2014:	£ 1,309