Aim To Recycle Limited - Accounts to registrar (filleted) - small 18.2
Aim To Recycle Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 30 November 2017 |
| for |
| Aim To Recycle Limited |
| Aim To Recycle Limited (Registered number: 04326372) |
| Contents of the Financial Statements |
| for the Year Ended 30 November 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Aim To Recycle Limited |
| Company Information |
| for the Year Ended 30 November 2017 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| and Business Advisers |
| Coburg House |
| 1 Coburg Street |
| Gateshead |
| Tyne & Wear |
| NE8 1NS |
| Aim To Recycle Limited (Registered number: 04326372) |
| Balance Sheet |
| 30 November 2017 |
| 2017 | 2016 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 5 |
| Investments | 6 | 422,415 | 422,415 |
| CURRENT ASSETS |
| Debtors | 7 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
| The financial statements were approved by the Board of Directors on |
| Aim To Recycle Limited (Registered number: 04326372) |
| Notes to the Financial Statements |
| for the Year Ended 30 November 2017 |
| 1. | STATUTORY INFORMATION |
| Aim To Recycle Limited is a |
| company's registered number and registered office address can be found on the Company Information page. |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | STATEMENT OF COMPLIANCE |
| 3. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| This is the first year in which the financial statements have been prepared under the provisions of Section 1A |
| "Small Entities" of Financial Reporting Standard FRS 102 "The Financial Reporting Standard applicable in the |
| UK and Republic of Ireland". |
| Preparation of consolidated financial statements |
| The financial statements contain information about Aim To Recycle Limited as an individual company and do |
| not contain consolidated financial information as the parent of a group. The company has taken the option |
| under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable and represents amounts |
| receivable for providing management services, stated net of discounts and of value added tax. |
| The company recognises revenue when the amount of revenue can be measured reliably and when it is |
| probable that future economic benefits will flow to the company. |
| Tangible fixed assets |
| Plant and machinery etc | - |
| Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment |
| losses. |
| Impairment of assets |
| At each reporting date fixed assets are reviewed to determine whether there is any indication that those |
| assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable |
| amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable |
| amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss |
| is recognised immediately in profit and loss. |
| If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised |
| estimate of its recoverable amount, but not in excess of the amount that would have been determined had no |
| impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised |
| immediately in profit or loss. |
| Aim To Recycle Limited (Registered number: 04326372) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 November 2017 |
| 3. | ACCOUNTING POLICIES - continued |
| Taxation |
| Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the |
| reporting period. |
| Current taxation is the amount of taxation in respect of the taxable profit for the year or prior years. |
| A deferred taxation asset or liability is recognised for tax recoverable or payable in future periods in respect of |
| transactions and events recognised in the financial statements of the current and previous period. |
| Deferred taxation arises from timing differences that are differences between taxable profits and total |
| comprehensive income as stated in the financial statements. Timing differences result from the inclusion of |
| income and expenses in tax assessments in periods different from those in which they are recognised in the |
| financial statements. |
| Deferred taxation is recognised on all timing differences at the reporting date apart from certain exceptions. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that the directors |
| consider that it is probable that they will be recovered against the reversal of deferred tax liabilities or other |
| future taxable profits. |
| Deferred taxation is measured using the tax rates and laws that have been enacted or substantial enacted by |
| the reporting date and that are expected to apply to the reversal of the timing differences. |
| Fixed asset investments |
| Investments in subsidiary undertakings are accounted for at cost less impairment in the individual financial |
| statements. Dividends are recognised in the profit and loss account when the right to receive payment is |
| established. |
| Financial instruments |
| The company only enters into basic financial instrument transactions that result in the recognition of financial |
| assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third |
| parties, loans to related parties and investments on non-puttable ordinary shares. |
| Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting |
| period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss |
| is recognised in profit or loss. |
| Employee benefits |
| Short term employee benefits are recognised as an expense in the period in which they are incurred. |
| 4. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 5. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| Additions |
| At 30 November 2017 |
| DEPRECIATION |
| Charge for year |
| At 30 November 2017 |
| NET BOOK VALUE |
| At 30 November 2017 |
| Aim To Recycle Limited (Registered number: 04326372) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 November 2017 |
| 6. | FIXED ASSET INVESTMENTS |
| Shares in |
| group |
| undertakings |
| £ |
| COST |
| At 1 December 2016 |
| and 30 November 2017 |
| NET BOOK VALUE |
| At 30 November 2017 |
| At 30 November 2016 |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Trade creditors |
| Amounts owed to group undertakings |
| Taxation and social security |
| Other creditors |
| 9. | FIRST YEAR ADOPTION |
| This is the first year that the company has presented its results under FRS 102 (Section 1A). The last financial |
| statements prepared under the previous FRSSE 2015 were for the year ended 30 November 2016. The date of |
| transition to FRS 102 was 1 December 2015. There were no adjustments to the company's balance sheet at 1 |
| December 2015 and 30 November 2016 on transition to FRS 102. |