Abbreviated Company Accounts - RCS RECYCLING LTD

Registered Number 05300478

RCS RECYCLING LTD

Abbreviated Accounts

30 November 2016

RCS RECYCLING LTD Registered Number 05300478

Abbreviated Balance Sheet as at 30 November 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	8,650	3,487
		8,650	3,487
Current assets
Debtors		19,994	25,791
Cash at bank and in hand		49,334	79,817
		69,328	105,608
Creditors: amounts falling due within one year		(58,741)	(84,496)
Net current assets (liabilities)		10,587	21,112
Total assets less current liabilities		19,237	24,599
Total net assets (liabilities)		19,237	24,599
Capital and reserves
Called up share capital		100	100
Profit and loss account		19,137	24,499
Shareholders' funds		19,237	24,599

For the year ending 30 November 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 20 July 2017

And signed on their behalf by:
R D Collier, Director

RCS RECYCLING LTD Registered Number 05300478

Notes to the Abbreviated Accounts for the period ended 30 November 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.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Fixtures, fittings and equipment - 25% reducing balance
Motor vehicles - 33% straight line

Other accounting policies
Pensions
The pension costs charged in the financial statements represent the contribution payable by the
company during the year.
The regular cost of providing retirement pensions and related benefits is charged to the profit and loss account over the employees' service lives on the basis of a constant percentage of earnings.

2Tangible fixed assets

	£
Cost
At 1 December 2015	60,660
Additions	8,041
Disposals	-
Revaluations	-
Transfers	-
At 30 November 2016	68,701
Depreciation
At 1 December 2015	57,173
Charge for the year	2,878
On disposals	-
At 30 November 2016	60,051
Net book values
At 30 November 2016	8,650
At 30 November 2015	3,487