RHINO_WASTE_SERVICES_LIMI - Accounts

RHINO WASTE SERVICES LIMITED - Company Information

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Company Registration No. 08577277 (England and Wales)

RHINO WASTE SERVICES LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2016

RHINO WASTE SERVICES LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

RHINO WASTE SERVICES LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 JUNE 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

288,913

184,594

Current assets

Debtors

415,050

242,062

Cash at bank and in hand

209,260

41,214

624,310

283,276

Creditors: amounts falling due within one year

(410,377)

(200,706)

Net current assets

213,933

82,570

Total assets less current liabilities

502,846

267,164

Creditors: amounts falling due after more than one year

(213,722)

(121,278)

289,124

145,886

Capital and reserves

Called up share capital

100

Profit and loss account

289,024

145,786

Shareholders' funds

289,124

145,886

For the financial year ended 30 June 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board and authorised for issue on 17 January 2017

MR LEE JOHNSON

THOMAS JOHNSON

Director

Company Registration No. 08577277

RHINO WASTE SERVICES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

20% Reducing Basis

Fixtures, fittings & equipment

15% Reducing Basis

Motor vehicles

25% Reducing Basis

1.5

Leasing and hire purchase commitments

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

RHINO WASTE SERVICES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2016

- 3 -

Fixed assets

Tangible assets

Cost

At 1 July 2015

276,609

Additions

188,884

At 30 June 2016

465,493

Depreciation

At 1 July 2015

92,015

Charge for the year

84,565

At 30 June 2016

176,580

Net book value

At 30 June 2016

288,913

At 30 June 2015

184,594

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary of £1 each

100