AMA Waste Management Limited Filleted accounts for Companies House (small and micro)
AMA Waste Management Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
04077184
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Balance Sheet |
2018 |
2017 |
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Note |
£ |
£ |
£ |
Fixed assets
Tangible assets |
5 |
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Current assets
Stocks |
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Debtors |
6 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
7 |
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Net current liabilities |
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Total assets less current liabilities |
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Provisions
Taxation including deferred tax |
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Net assets |
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Capital and reserves
Called up share capital |
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Profit and loss account |
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Shareholders funds |
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In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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Balance Sheet (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
25 June 2018
, and are signed on behalf of the board by:
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Director |
Company registration number:
04077184
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Notes to the Financial Statements |
Year ended 31 March 2018
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is St Felix House, Flitcham, King's Lynn, Norfolk, PE31 6BU.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Revenue recognition
Corporation tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Foreign currencies
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Long leasehold property |
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Straight line over 6 years
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Plant and machinery |
- |
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Fixtures and fittings |
- |
Straight line over 6 years
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Motor vehicles |
- |
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Equipment |
- |
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Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Provisions
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.
Defined contribution plans
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
30
(2017:
28
).
5.
Tangible assets
Long leasehold property |
Plant and machinery |
Fixtures and fittings |
Motor vehicles |
Equipment |
Total |
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£ |
£ |
£ |
£ |
£ |
£ |
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Cost |
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At 1 Apr 2017 |
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Additions |
– |
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– |
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Disposals |
– |
– |
– |
(
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– |
(
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At 31 Mar 2018 |
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Depreciation |
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At 1 Apr 2017 |
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Charge for the year |
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Disposals |
– |
– |
– |
(
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– |
(
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At 31 Mar 2018 |
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Carrying amount |
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At 31 Mar 2018 |
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At 31 Mar 2017 |
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6.
Debtors
2018 |
2017 |
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£ |
£ |
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Trade debtors |
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Other debtors |
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7.
Creditors:
amounts falling due within one year
2018 |
2017 |
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£ |
£ |
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Trade creditors |
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Corporation tax |
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Social security and other taxes |
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Other creditors |
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8.
Related party transactions
The company was under the control of the board of directors throughout the current and previous year. The directors' interest in the issued share capital is declared in the Directors' Report. During the year the company paid £32,000 (2017 - £32,000) in respect of rent to the company pension scheme which owns the building from which the company trades. The operating lease runs for 6 years, and annual commitments to the lease total £32,000 (2017 - £32,000). During the year dividends were declared and paid of £80 per ordinary class A share (2017 - £40) and £nil per ordinary class B share (2017 - £nil). No further transactions with related parties were undertaken such as are required to be disclosed under Section 1A of FRS 102.