Tyne Tees Crushing & Screening Limited - Accounts to registrar (filleted) - small 18.2
Tyne Tees Crushing & Screening Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Financial Statements |
| for the Year Ended 31 May 2018 |
| for |
| Tyne Tees Crushing & Screening Limited |
| Tyne Tees Crushing & Screening Limited (Registered number: 05419806) |
| Contents of the Financial Statements |
| for the Year Ended 31 May 2018 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Tyne Tees Crushing & Screening Limited |
| Company Information |
| for the Year Ended 31 May 2018 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 140 Coniscliffe Road |
| DARLINGTON |
| County Durham |
| DL3 7RT |
| Tyne Tees Crushing & Screening Limited (Registered number: 05419806) |
| Balance Sheet |
| 31 May 2018 |
| 2018 | 2017 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks | 5 |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | 11 | ( |
) | ( |
) |
| ACCRUALS AND DEFERRED INCOME | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 12 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| Tyne Tees Crushing & Screening Limited (Registered number: 05419806) |
| Balance Sheet - continued |
| 31 May 2018 |
| 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 director on |
| Tyne Tees Crushing & Screening Limited (Registered number: 05419806) |
| Notes to the Financial Statements |
| for the Year Ended 31 May 2018 |
| 1. | STATUTORY INFORMATION |
| Tyne Tees Crushing & Screening Limited is a |
| Wales. The 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 |
| There were no material departures from that standard. |
| The principal accounting policies adopted in the preparation of the financial statements are set out below and |
| have remained unchanged from the previous year, and also have been consistently applied within the same |
| accounts. |
| The financial statements are prepared on the going concern basis which assumes that the company will continue |
| to trade. However, the validity of the going concern basis is dependent upon the continued support of the major |
| creditors, company's bankers and the director. If the company is unable to continue to trade, adjustments would |
| be required to reduce the value of assets to their recoverable amounts, to provide for any further liabilities that |
| might arise and to reanalyse both fixed assets and long term liabilities as current assets and liabilities. |
| Related party exemption |
| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The |
| Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party |
| transactions with wholly owned subsidiaries within the group. |
| Turnover |
| Turnover represents net invoiced sales of goods and services, excluding value added tax. |
| Income recognition |
| Income is recognised when a contract for the sale of goods or services is determined as unconditional. |
| 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 finance lease, over the lease term, whichever is the shorter. |
| Plant and machinery - 10% on cost |
| Fixtures and fittings - 25% on cost and 15% on cost |
| Motor vehicles - 25% on cost |
| Stocks |
| Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
| moving items. |
| Work in progress is valued at a percentage of total contract income based on an estimate of the stage of |
| completion of the contract at the year end. |
| Financial instruments |
| Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss. |
| Tyne Tees Crushing & Screening Limited (Registered number: 05419806) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 May 2018 |
| 2. | ACCOUNTING POLICIES - continued |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, |
| except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or |
| substantively enacted by the balance sheet date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from |
| those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that |
| have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the |
| timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they |
| will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| 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 profit or loss 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. |
| 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 the profit and loss account in the period to which they relate. |
| Grants receivable |
| Grants are credited to deferred revenue. Grants towards capital expenditure are released to the profit and loss |
| account over the expected useful life of the assets. Grants towards revenue expenditure are released to the profit |
| and loss account as the related expenditure is incurred. |
| Invoice financing |
| The invoice financing creditor represents amounts received in respect of financed debts. There is full recourse to |
| the company for losses on debts, and so the financed debts continue to be recognised on the balance sheet. |
| Interest and other charges relating to invoice financing are recognised in the profit and loss account over the |
| relevant period. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| Tyne Tees Crushing & Screening Limited (Registered number: 05419806) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 May 2018 |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Plant and | and | Motor |
| machinery | fittings | vehicles | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 June 2017 |
| Additions |
| Disposals | ( |
) | ( |
) | ( |
) |
| At 31 May 2018 |
| DEPRECIATION |
| At 1 June 2017 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) | ( |
) |
| At 31 May 2018 |
| NET BOOK VALUE |
| At 31 May 2018 |
| At 31 May 2017 |
| Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
| Plant and | Motor |
| machinery | vehicles | Totals |
| £ | £ | £ |
| COST |
| At 1 June 2017 | 1,685,825 | 59,230 | 1,745,055 |
| Additions | 372,500 | 9,995 | 382,495 |
| Disposals | (451,000 | ) | - | (451,000 | ) |
| Transfer to ownership | (207,400 | ) | - | (207,400 | ) |
| At 31 May 2018 | 1,399,925 | 69,225 | 1,469,150 |
| DEPRECIATION |
| At 1 June 2017 | 346,562 | 27,962 | 374,524 |
| Charge for year | 187,360 | 17,306 | 204,666 |
| Eliminated on disposal | (211,420 | ) | - | (211,420 | ) |
| Transfer to ownership | (81,322 | ) | - | (81,322 | ) |
| At 31 May 2018 | 241,180 | 45,268 | 286,448 |
| NET BOOK VALUE |
| At 31 May 2018 | 1,158,745 | 23,957 | 1,182,702 |
| At 31 May 2017 | 1,339,263 | 31,268 | 1,370,531 |
| 5. | STOCKS |
| 2018 | 2017 |
| £ | £ |
| Stocks |
| Tyne Tees Crushing & Screening Limited (Registered number: 05419806) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 May 2018 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Prepayments and accrued income |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Invoice discounting |
| Hire purchase contracts (see note 9) |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| Director's loan account |
| Accruals and deferred income |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Hire purchase contracts (see note 9) |
| Deferred government grants |
| 9. | LEASING AGREEMENTS |
| Minimum lease payments fall due as follows: |
| Hire purchase contracts |
| 2018 | 2017 |
| £ | £ |
| Net obligations repayable: |
| Within one year |
| Between one and five years |
| Non-cancellable operating |
| leases |
| 2018 | 2017 |
| £ | £ |
| Within one year |
| Between one and five years |
| Tyne Tees Crushing & Screening Limited (Registered number: 05419806) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 May 2018 |
| 10. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2018 | 2017 |
| £ | £ |
| Invoice discounting |
| Hire purchase contracts |
| Amounts owed to invoice discounting and hire purchase contracts are secured on the assets to which they relate. |
| 11. | PROVISIONS FOR LIABILITIES |
| 2018 | 2017 |
| £ | £ |
| Deferred tax |
| Deferred |
| tax |
| £ |
| Balance at 1 June 2017 |
| Accelerated capital allowances | 6,523 |
| Balance at 31 May 2018 |
| 12. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2018 | 2017 |
| value: | £ | £ |
| Ordinary | £1 | 100 | 100 |
| 13. | RELATED PARTY DISCLOSURES |
| 2018 | 2017 |
| £ | £ |
| Amounts owed to the director | 46,278 | 56,895 |
| No interest has been charged. |
| 14. | ULTIMATE PARENT COMPANY |
| The Ultimate Parent Company is Tyne Tees Plant Hire Limited, a company incorporated in England & Wales. |
| The companies registered office is the same as the registered office for Tyne Tees Crushing & Screening Limited |
| which can be found on the Company Information page. |