SE Recycling Limited - Abbreviated accounts 16.3

SE Recycling Limited - Abbreviated accounts 16.3

SE RECYCLING LTD - Company Information

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REGISTERED NUMBER: 08728696 (England and Wales)


















ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2016

FOR

SE RECYCLING LIMITED

SE RECYCLING LIMITED (REGISTERED NUMBER: 08728696)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

SE RECYCLING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2016







DIRECTOR: G Mo





REGISTERED OFFICE: Unit C
Banico House
Tilson Road
Manchester
M23 9GF





REGISTERED NUMBER: 08728696 (England and Wales)





ACCOUNTANTS: Allens Accountants Limited
Chartered Accountants
123 Wellington Road South
Stockport
Cheshire
SK1 3TH
Page 1
SE RECYCLING LIMITED (REGISTERED NUMBER: 08728696)

ABBREVIATED BALANCE SHEET
31 OCTOBER 2016

31/10/16 31/10/15
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 25,991 18,549

CURRENT ASSETS
Stocks 38,898 18,034
Debtors 35,313 26,861
Cash at bank and in hand 210,987 167,276
285,198 212,171
CREDITORS
Amounts falling due within one year 91,488 70,395
NET CURRENT ASSETS 193,710 141,776
TOTAL ASSETS LESS CURRENT
LIABILITIES
219,701
160,325

PROVISIONS FOR LIABILITIES 5,198 3,710
NET ASSETS 214,503 156,615

CAPITAL AND RESERVES
Called up share capital 3 1 1
Profit and loss account 214,502 156,614
SHAREHOLDERS' FUNDS 214,503 156,615

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 14 July 2017 and were signed by:



G Mo - Director


The notes form part of these abbreviated accounts

Page 2
SE RECYCLING LIMITED (REGISTERED NUMBER: 08728696)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2016

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 January 2015).

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property - 50% on cost
Plant & machinery - 35% on reducing balance
Fixtures & fittings - 35% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

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

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 November 2015 29,021
Additions 20,424
At 31 October 2016 49,445
DEPRECIATION
At 1 November 2015 10,472
Charge for year 12,982
At 31 October 2016 23,454
NET BOOK VALUE
At 31 October 2016 25,991
At 31 October 2015 18,549

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/10/16 31/10/15
value: £    £   
1 Ordinary £1 1 1

Page 3