Alpha Waste Solutions Ltd - Accounts to registrar - small 17.1.1

REGISTERED NUMBER: 06733841 (England and Wales)

Alpha Waste Solutions Ltd

Unaudited Financial Statements

for the Year Ended 31 March 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P A Vernon

REGISTERED OFFICE:

5 Clarendon Place

Leamington Spa

Warwickshire

CV32 5QL

BUSINESS ADDRESS:

Unit 22 Rochester Trade Park

Maidstone Road

Rochester

Kent

ME1 3QY

REGISTERED NUMBER:

06733841 (England and Wales)

ACCOUNTANTS:

Moffat Gilbert

5 Clarendon Place

Leamington Spa

Warwickshire

CV32 5QL

FIXED ASSETS

Tangible assets

4

91,914

88,085

CURRENT ASSETS

Stocks

231,395

188,675

Debtors

5

447,673

339,884

Cash at bank and in hand

825

719

679,893

529,278

CREDITORS

Amounts falling due within one year

6

597,975

339,657

NET CURRENT ASSETS

81,918

189,621

TOTAL ASSETS LESS CURRENT LIABILITIES

173,832

277,706

CREDITORS

Amounts falling due after more than one year

7

(220,000

)

(220,000

)

PROVISIONS FOR LIABILITIES

-

(5,408

)

NET (LIABILITIES)/ASSETS

(46,168

)

52,298

CAPITAL AND RESERVES

Called up share capital

9

125

125

Retained earnings

10

(46,293

)

52,173

SHAREHOLDERS' FUNDS

(46,168

)

52,298

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 16 November 2017 and were signed by:

P A Vernon - Director

1.	STATUTORY INFORMATION

Alpha 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.

The accounts have been prepared using the going concern basis as the director is implementing procedures to

control cost and improve profitability to return the company to profit within the forthcoming twelve months from

the date of this report.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery etc

-

33.3% on cost, 25% on cost and 10% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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 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 3 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2016

224,076

Additions

5,984

At 31 March 2017

230,060

DEPRECIATION

At 1 April 2016

135,991

Charge for year

2,155

At 31 March 2017

138,146

NET BOOK VALUE

At 31 March 2017

91,914

At 31 March 2016

88,085

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade debtors

332,837

316,718

Amounts owed by group undertakings

10

10

Other debtors

114,826

23,156

447,673

339,884

The above trade debtors have elements assigned in trust in favour of Ultimate Finance Limited. The extent of this

liability on debtors at the year end is £169,789.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade creditors

367,670

194,738

Taxation and social security

39,621

18,056

Other creditors

190,684

126,863

597,975

339,657

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.17

31.3.16

£

£

Other creditors

220,000

220,000

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.3.17

31.3.16

£

£

Within one year

41,658

34,658

Between one and five years

81,658

102,316

123,316

136,974

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.17

31.3.16

value:

£

£

125

Ordinary

£1

125

125

10.

RESERVES

Retained

earnings

£

At 1 April 2016

52,173

Deficit for the year

(98,466

)

At 31 March 2017

(46,293

)

11.	RELATED PARTY DISCLOSURES

In the previous year, the company was provided with funding from Valley of the Moon Holdings Inc, a

shareholder of the parent undertaking, Alpha Busch Limited. The balance owed to Valley of the Moon Holdings

Inc at the year end was £220,000 (2016 £220,000). There is no agreed repayment term for this liability.

During the year, consultancy fees of £77,787 ( 2016 £6,801) were paid to Mr P A Vernon, a director of the

parent undertaking, Alpha Busch Limited and also a director of this company. The balance owed to Mr Vernon

at the year end was £178.

During the year the company traded with MMB Environmental Limited on normal commercial terms. The

sales to MMB Environmental Limited in the year totalled £6,217 and the total purchases therefrom were

£169,652. The company also paid management fees to MMB Environmental Limited in the amount of £52,120

(2016 £122,160). The former director Mr M J Horner is a director of and has a beneficial interest in that

company. The company transferred funds to MMB Environmental Limited during the year and the balance owed

by MMB Environmental Limited at the year end was £71,843.

12.	ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Alpha Busch Limited, a company registered in England. The

registered office address of Alpha Busch Limited is 5 Clarendon Place Leamington Spa Warwickshire.

13.	FIRST YEAR ADOPTION OF FRS102

This is the first year the Company has presented it's results under FRS 102 Section 1A "Small Entities". The last

financial statements for the year ended 31 March 2016 were prepared under previous UK GAAP. The date of

transition was 1 April 2015.

There are no changes which affect the profit and loss or equity as previously reported under UK GAAP and these

financial statements under FRS 102 Section 1A "Small Entities".