Wrexham Demolition & Dismantling Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 03927803

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 AUGUST 2016 TO 29 JULY 2017

FOR

WREXHAM DEMOLITION & DISMANTLING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Cuddy

M Cuddy

SECRETARY:

REGISTERED OFFICE:

Tank Farm Road

Llandarcy

Neath

SA10 6EN

REGISTERED NUMBER:

03927803

ACCOUNTANTS:

Roger Byers & Co. Limited

Castle Buildings

23 Church Place

Neath

SA11 3LP

BANKERS:

Barclays Bank Plc

70, Kingsway

Swansea

SA1 5JB

SOLICITORS:

John Collins and Partners

Enterprise Park

Llansamlet

Swansea

FIXED ASSETS

Tangible assets

4

86,883

59,397

CURRENT ASSETS

Debtors

5

237,436

9,843

Cash at bank

2,686

258,266

240,122

268,109

CREDITORS

Amounts falling due within one year

6

(297,274

)

(290,485

)

NET CURRENT LIABILITIES

(57,152

)

(22,376

)

TOTAL ASSETS LESS CURRENT LIABILITIES

29,731

37,021

CREDITORS

Amounts falling due after more than one year

7

(16,019

)

(10,159

)

NET ASSETS

13,712

26,862

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

13,710

26,860

SHAREHOLDERS' FUNDS

13,712

26,862

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 July 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 July 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 18 July 2018 and were signed on its behalf by:

M Cuddy - Director

1.	STATUTORY INFORMATION

WREXHAM DEMOLITION & DISMANTLING LIMITED is a private company, limited by shares , registered

in Not specified/Other. 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 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

20% on reducing balance

Taxation

Taxation for the period 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 period 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 August 2016

387,381

Additions

93,690

Disposals

(105,843

)

At 29 July 2017

375,228

DEPRECIATION

At 1 August 2016

327,984

Charge for period

6,246

Eliminated on disposal

(45,885

)

At 29 July 2017

288,345

NET BOOK VALUE

At 29 July 2017

86,883

At 31 July 2016

59,397

The net book value of tangible assets includes £86,883 (2016: £59,396), of assets held under finance leases and

hire purchase contracts.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Other debtors

237,436

9,843

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Hire purchase contracts

37,326

18,556

Other creditors

259,948

271,929

297,274

290,485

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Hire purchase contracts

16,019

10,159

8.	RELATED PARTY DISCLOSURES

ASM Compliance Ltd

Associate company

.Sales of £3,005,000 were made to ASM Compliance Ltd.

Purchases of £3,000,000 from ASM Compliance Ltd.

A balance of £5,000 is owed from ASM Compliance Ltd.

Cuddy Demolition and Dismantling Ltd

An associate company

The company is owed £226,594 by Cuddy Demolition and Dismantling Ltd,(2016: £264,238)

The company has charged Cuddy Demolition and Dismantling Ltd £0 in fees during the year.(2016 £76,431).

.

Goodbox Ltd

An Associate Company

2017

2016

£

£

Amount due to related party at the balance sheet date

-

5,000