Welland Waste Management Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 05685884 (England and Wales)

Abbreviated Unaudited Accounts For The Year Ended 31 March 2015

for

Welland Waste Management Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr J I Clarke

Mr R J Clarke

SECRETARY:

Mrs N Clarke

REGISTERED OFFICE:

Pebble Hall

Theddingworth

Lutterworth

Leicestershire

LE17 6NJ

REGISTERED NUMBER:

05685884 (England and Wales)

ACCOUNTANTS:

Harris & Clarke LLP

7 Billing Road

Northampton

Northamptonshire

NN1 5AN

FIXED ASSETS

Intangible assets

2

433,965

-

Tangible assets

3

1,387,276

1,256,984

1,821,241

1,256,984

CURRENT ASSETS

Debtors

1,276,644

955,306

Investments

165

165

Cash at bank

351,016

668,073

1,627,825

1,623,544

CREDITORS

Amounts falling due within one year

347,596

455,719

NET CURRENT ASSETS

1,280,229

1,167,825

TOTAL ASSETS LESS CURRENT LIABILITIES

3,101,470

2,424,809

CREDITORS

Amounts falling due after more than one year

(159,321

)

(215,224

)

PROVISIONS FOR LIABILITIES

(182,858

)

(98,238

)

NET ASSETS

2,759,291

2,111,347

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

2,759,191

2,111,247

SHAREHOLDERS' FUNDS

2,759,291

2,111,347

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 8 December 2015 and were signed on its behalf by:

Mr J I Clarke - Director

Mr R J Clarke - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

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

Development costs

Development costs are recognised as an intangible asset where the following conditions are met:-

- the costs relate to a clearly defined project

- the costs are separately identifiable

- the project is judged to be technically feasible and commercially viable

- the development costs are reasonably expected to be exceeded by related future sales or other revenues.

Development costs are amortised so that they are allocated on a systematic basis by reference to the period

over which the product, service, process or system to which the development costs relate are expected to be

sold or used.

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.

Land and buildings

-

4% on cost

Plant and machinery etc

-

25% on reducing balance and 5% on cost

Deferred tax

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

balance sheet date where transactions or events have occurred at that date that will result in an obligation to

pay more, or a right to pay less or to receive more tax, with the following exceptions:

- Deferred tax assets are only recognised to the extent that the directors consider it is more likely than not that

there will be suitable taxable profits form which the future reversal of the underlying timing differences can be

deducted.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in

which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance

sheet date.

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 the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

Additions

433,965

At 31 March 2015

433,965

NET BOOK VALUE

At 31 March 2015

433,965

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

2,518,994

Additions

498,489

Disposals

(304,795

)

At 31 March 2015

2,712,688

DEPRECIATION

At 1 April 2014

1,262,010

Charge for year

258,622

Eliminated on disposal

(195,220

)

At 31 March 2015

1,325,412

NET BOOK VALUE

At 31 March 2015

1,387,276

At 31 March 2014

1,256,984

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary

£1

100

100