Bradford Waste Chasers Limited
Bradford Waste Chasers Limited
Registered number: 2440774
Unaudited Financial Statements
For The Year Ended 28 February 2017
Aviaccs Limited
29 Moor Close Lane
Queensbury
Bradford
West Yorkshire
BD13 2NS
Bradford Waste Chasers Limited
Unaudited Financial Statements
For The Year Ended 28 February 2017
Unaudited Financial Statements
| Contents | |
| Page | |
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| Balance Sheet | 1—2 |
| Statement of Changes in Equity | 3 |
| Notes to the Financial Statements | 4—6 |
Bradford Waste Chasers Limited
Balance Sheet
As at
28 February 2017
Balance Sheet
Registered number:
2440774
For the year ending 28 February 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 6 |
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| CURRENT ASSETS | |||||
| Debtors | 7 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 8 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| PROVISIONS FOR LIABILITIES | |||||
| Deferred Taxation | 9 |
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| NET ASSETS |
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| Profit and loss account |
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| SHAREHOLDERS' FUNDS | 22,776 | 24,184 | |||
Page 1
Bradford Waste Chasers Limited
Balance Sheet (continued)
As at
28 February 2017
Directors' responsibilities:
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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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
On behalf of the board
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The notes on pages 4 to 6 form part of these financial statements.
Page 2
Bradford Waste Chasers Limited
Statement of Changes in Equity
For The Year Ended 28 February 2017
Statement of Changes in Equity
| Profit & Loss Account | |
|---|---|
| £ | |
| As at 1 March 2015 |
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| Profit for the year and total comprehensive income |
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| As at 29 February 2016 and 1 March 2016 |
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| Loss for the year and total comprehensive income |
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| As at |
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The company is limited by guarantee and does not have share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of the company being wound up while he/she is a member, or within a year after he/she ceases to be a member, for payments of the debts and liabilities of the company contracted before he/she ceases to be a member, and of the costs, charges and expenses of winding up and for adjustment of the rights of contributors amongst themselves, such amount as may be required and not exceeding £1.
Whilst bonuses may be paid to members out of the profits of the company, no member is entitled to a distribution from the assets of the company in the event of winding up or dissolution of the company.
Page 3
Bradford Waste Chasers Limited
Notes to the Unaudited Accounts
For The Year Ended 28 February 2017
Notes to the Unaudited Accounts
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
1.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Machinery & Equipment |
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| Motor Vehicles |
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1.4.
Deferred Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
1.5.
Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account. The notes which are not included have been hidden but original note numbering has remained the same for those that are present.
3.
Staff Costs
Staff costs, including directors' remuneration, were as follows:
| 2017 | 2016 | ||
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| £ | £ | ||
| Wages and salaries |
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| Social security costs |
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Page 4
Bradford Waste Chasers Limited
Notes to the Unaudited Accounts (continued)
For The Year Ended 28 February 2017
4.
Average number of employees
Average number of employees, including directors, during the year was as follows:
| 2017 | 2016 | ||
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| Office and administration |
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| Sales, marketing and distribution |
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6.
Tangible Assets
| Machinery & Equipment | Motor Vehicles | Total | |
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| £ | £ | £ | |
| Cost | |||
| As at |
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| Depreciation | |||
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| Provided during the period |
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| Net Book Value | |||
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7.
Debtors
| 2017 | 2016 | ||
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| £ | £ | ||
| Due within one year | |||
| Trade debtors |
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| Prepayments and accrued income |
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Page 5
Bradford Waste Chasers Limited
Notes to the Unaudited Accounts (continued)
For The Year Ended 28 February 2017
8.
Creditors: Amounts Falling Due Within One Year
| 2017 | 2016 | ||
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| £ | £ | ||
| Trade creditors |
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| Other taxes and social security |
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| VAT |
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| Net wages | 2,838 | 3,194 | |
| Accruals and deferred income |
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9.
Deferred Taxation
| 2017 | 2016 | ||
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| £ | £ | ||
| As at |
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| Deferred taxation |
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| Deferred tax |
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The provision for deferred taxation is made up of accelerated capital allowances.
10.
General Information
Bradford Waste Chasers Limited Registered number 2440774 is a limited by shares company incorporated in England & Wales. The Registered Office is Unit 2, 124 Dockfield Road, Shipley, West Yorkshire, BD17 7AR.
Page 6