Advanced Waste Solutions Ltd - Accounts to registrar - small 17.2

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2017

FOR

ADVANCED WASTE SOLUTIONS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors' Responsibilities Statement

6

Independent Chartered Accountants' Review Report

7

DIRECTORS:

Mr M Andrew

Mrs B Cahill

REGISTERED OFFICE:

35 Black Moor Road

Ebblake Industrial Estate

Verwood

Dorset

BH31 6AT

REGISTERED NUMBER:

07576995 (England and Wales)

ACCOUNTANTS:

Schofields

Chartered Accountants

6th Floor

Dean Park House

Dean Park Crescent

Bournemouth

Dorset

BH1 1HP

FIXED ASSETS

Tangible assets

4

114,899

59,974

CURRENT ASSETS

Debtors

5

2,190,878

1,929,325

Cash at bank and in hand

1,001,510

551,930

3,192,388

2,481,255

CREDITORS

Amounts falling due within one year

6

2,311,014

1,924,263

NET CURRENT ASSETS

881,374

556,992

TOTAL ASSETS LESS CURRENT LIABILITIES

996,273

616,966

CREDITORS

Amounts falling due after more than one year

7

(87,857

)

(75,000

)

PROVISIONS FOR LIABILITIES

(12,467

)

(6,672

)

NET ASSETS

895,949

535,294

CAPITAL AND RESERVES

Called up share capital

200,000

150,000

Retained earnings

695,949

385,294

SHAREHOLDERS' FUNDS

895,949

535,294

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 13 September 2017 and were signed on its behalf by:

Mr M Andrew - Director

Mrs B Cahill - Director

1.	STATUTORY INFORMATION

Advanced Waste Solutions Ltd is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

20% on cost

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that

it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively

enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in

which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or

substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be

recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are

charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2016 - 20 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Motor

Computer

property

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 July 2016

-

12,844

31,995

59,997

104,836

Additions

33,205

5,474

18,250

23,195

80,124

At 30 June 2017

33,205

18,318

50,245

83,192

184,960

DEPRECIATION

At 1 July 2016

-

3,917

11,280

29,665

44,862

Charge for year

1,647

1,632

9,361

12,559

25,199

At 30 June 2017

1,647

5,549

20,641

42,224

70,061

NET BOOK VALUE

At 30 June 2017

31,558

12,769

29,604

40,968

114,899

At 30 June 2016

-

8,927

20,715

30,332

59,974

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

2,140,094

1,835,252

Other debtors

50,784

94,073

2,190,878

1,929,325

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

2,019,178

1,702,985

Taxation and social security

232,429

146,842

Other creditors

59,407

74,436

2,311,014

1,924,263

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Other creditors

87,857

75,000

8.	SECURED DEBTS

The following secured debts are included within creditors:

2017

2016

£

£

Other creditors

59,257

70,000

The other creditors balance is secured by way of debenture.

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2017 and 30 June 2016:

2017

2016

£

£

Mr M Andrew

Balance outstanding at start of year

10,000

-

Amounts advanced

-

10,000

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

10,000

Mrs B Cahill

Balance outstanding at start of year

10,000

-

Amounts advanced

-

10,000

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

10,000

These loans are unsecured, interest free and repayable on demand.

10.	RELATED PARTY DISCLOSURES

During the year the company provided loans to close family members of the directors'. At 30 June 2017 the company was

owed £20,000 (2016: £20,000). These loans are unsecured, interest free and repayable on demand.

The following reproduces the text of the report prepared for the directors and members in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance

Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors

are not required to be filed with the Registrar of Companies.

We confirm that as directors we have met our duty in accordance with the Companies Act 2006 to:

-	ensure that the company has kept proper accounting records;

-	prepare financial statements which give a true and fair view of the state of affairs of the company as at 30 June 2017 and of its profit for that period in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	follow the applicable accounting policies, subject to any material departures disclosed and explained in the notes to the financial statements.

ON BEHALF OF THE BOARD:

Mr M Andrew - Director

Mrs B Cahill - Director

13 September 2017

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

We have reviewed the financial statements of Advanced Waste Solutions Ltd for the year ended 30 June 2017, which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, and the related notes 1 to 12. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

This report is made solely to the company's directors, as a body, in accordance with our terms of engagement. Our review has been undertaken so that we might state to the directors those matters that we have agreed with them in our engagement letter and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's directors as a body for our work, for this report or the conclusions we have formed.

Directors' responsibility for the financial statements

As explained more fully in the Directors' Responsibilities Statement set out on page ten, the directors are responsible for the

preparation of the financial statements and for being satisfied that they give a true and fair view.

Accountants' responsibility

Our responsibility is to express a conclusion based on our review of the financial statements. We conducted our review in accordance

with International Standard on Review Engagements (ISRE) 2400 (Revised), 'Engagements to review historical financial statements'

and ICAEW Technical Release TECH 09/13AAF 'Assurance review engagements on historical financial statements'. ISRE 2400 also

requires us to comply with the ICAEW Code of Ethics.

Scope of the assurance review

A review of financial statements in accordance with ISRE 2400 (Revised) is a limited assurance engagement. We have performed

additional procedures to those required under a compilation engagement. These primarily consist of making enquiries of

management and others within the entity, as appropriate, applying analytical procedures and evaluating the evidence obtained. The

procedures performed in a review are substantially less than those performed in an audit conducted in accordance with International

Standards on Auditing (UK and Ireland). Accordingly, we do not express an audit opinion on these financial statements.

Conclusion

Based on our review, nothing has come to our attention that causes us to believe that the financial statements have not been prepared:

-	so as to give a true and fair view of the state of the company's affairs as at 30 June 2017 and of its profit for the year then ended;

-	in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	in accordance with the requirements of the Companies Act 2006.

Schofields

Chartered Accountants

6th Floor

Dean Park House

Dean Park Crescent

Bournemouth

Dorset

BH1 1HP

13 September 2017