Waste Research Limited - Limited company accounts 16.3
Waste Research Limited - Limited company accounts 16.3
| REGISTERED NUMBER: |
| Report of the Directors and |
| Unaudited Financial Statements for the Year Ended 31st March 2017 |
| for |
| WASTE RESEARCH LIMITED |
| WASTE RESEARCH LIMITED (REGISTERED NUMBER: 04160318) |
| Contents of the Financial Statements |
| for the Year Ended 31st March 2017 |
| Page |
| Company Information | 1 |
| Report of the Directors | 2 |
| Income Statement | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 5 |
| WASTE RESEARCH LIMITED |
| Company Information |
| for the Year Ended 31st March 2017 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 20 Priory Crescent |
| Ulceby |
| North Lincolnshire |
| DN39 6TS |
| BANK: |
| 2 Arena Court |
| Sheffield |
| S9 2LF |
| WASTE RESEARCH LIMITED (REGISTERED NUMBER: 04160318) |
| Report of the Directors |
| for the Year Ended 31st March 2017 |
| The directors present their report with the financial statements of the company for the year ended 31st March 2017. |
| PRINCIPAL ACTIVITY |
| The principal activity of the company in the year under review was that of testing, analysis and consultancy associated |
| with the waste and recycling industry. |
| DIRECTORS |
| The directors shown below have held office during the whole of the period from 1st April 2016 to the date of this |
| report. |
| This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to |
| small companies. |
| ON BEHALF OF THE BOARD: |
| WASTE RESEARCH LIMITED (REGISTERED NUMBER: 04160318) |
| Income Statement |
| for the Year Ended 31st March 2017 |
| 2017 | 2016 |
| Notes | £ | £ |
| TURNOVER |
| Cost of sales |
| GROSS PROFIT |
| Administrative expenses |
| OPERATING PROFIT/(LOSS) | 4 | ( |
) |
| Interest receivable and similar income |
| PROFIT/(LOSS) BEFORE TAXATION | ( |
) |
| Tax on profit/(loss) | ( |
) |
| PROFIT/(LOSS) FOR THE FINANCIAL YEAR |
( |
) |
| WASTE RESEARCH LIMITED (REGISTERED NUMBER: 04160318) |
| Balance Sheet |
| 31st March 2017 |
| 2017 | 2016 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 6 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 7 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Capital redemption reserve |
| Retained earnings |
| 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. |
| The financial statements were approved by the Board of Directors on behalf by: |
| WASTE RESEARCH LIMITED (REGISTERED NUMBER: 04160318) |
| Notes to the Financial Statements |
| for the Year Ended 31st March 2017 |
| 1. | STATUTORY INFORMATION |
| Waste Research Limited is a |
| 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 |
| Turnover |
| Turnover represents net invoiced sales of services, excluding value added tax. |
| Tangible fixed assets |
| Plant and machinery | - |
| Motor vehicles | - |
| Stocks |
| Work in progress is valued at the lower of cost and net realisable value. |
| Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs |
| in bringing stocks to their present location and condition. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
| scheme are charged to profit or loss in the period to which they relate. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | OPERATING PROFIT/(LOSS) |
| The operating profit (2016 - operating loss) is stated after charging: |
| 2017 | 2016 |
| £ | £ |
| Depreciation - owned assets |
| 5. | DIVIDENDS |
| 2017 | 2016 |
| £ | £ |
| Interim |
| WASTE RESEARCH LIMITED (REGISTERED NUMBER: 04160318) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31st March 2017 |
| 6. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| At 1st April 2016 |
| Additions |
| Disposals | ( |
) |
| At 31st March 2017 |
| DEPRECIATION |
| At 1st April 2016 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 31st March 2017 |
| NET BOOK VALUE |
| At 31st March 2017 |
| At 31st March 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 |
| Taxation and social security |
| Other creditors |
| 9. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The company is controlled by the shareholders who are all family members. At 31 March Mr D Wilson was |
| owed £0 (2016 - £267) by the company which is the total of card purchases made for business activity which is |
| included within trade creditors. Mr Wilson has given a personal guarantee in respect of a bank overdraft |
| facility. |