Registered number: 01638665 | ||||||||
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FOR THE YEAR ENDED 31 AUGUST 2016 | ||||||||
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Prepared By: | ||||||||
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Chartered Accountant | ||||||||
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Hove | ||||||||
East Sussex | ||||||||
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Raven Waste Paper Company Limited | ||||||||
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ABBREVIATED ACCOUNTS | ||||||||
FOR THE YEAR ENDED
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INDEX TO THE ACCOUNTS | ||||||||
Abbreviated Balance Sheet | 2 | |||||||
Notes to the Abbreviated Accounts | 3 | |||||||
The company's registered number is 01638665 | ||||||||
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Raven Waste Paper Company Limited | ||||||||
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Registered Number: 01638665 | ||||||||||
BALANCE SHEET AT 31 AUGUST 2016 | ||||||||||
2016 | 2015 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 2 |
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Investments | 3 |
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CURRENT ASSETS | ||||||||||
Debtors (amounts falling due within one year) |
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Cash at bank and in hand |
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1,026,196 |
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CREDITORS: Amounts falling due within one year |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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CREDITORS: Amounts falling due after more than one year |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES | ||||||||||
Called up share capital | 4 |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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Approved by the board on
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Director | ||||||||||
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Raven Waste Paper Company Limited | ||||||||
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NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31 AUGUST 2016 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
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1b. Cash Flow Statement | ||||||||
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1c. Depreciation | ||||||||
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Plant and Machinery |
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Commercial Vehicles |
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Equipment |
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1d. Taxation | ||||||||
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Provision is made for deferred taxation in so far as a liability or asset has arisen as a result of transactions that had occurred by the balance sheet date and have given rise to an obligation to pay more tax in the future, or the right to pay less tax in the future. An asset has not been recognised to the extent that the transfer of economic benefits in the future is uncertain. Deferred tax assets and liabilities recognised have not been discounted. |
1e. Turnover | ||||||||
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1f. Investments | ||||||||
Fixed asset investments are shown at cost less amounts written off. | ||||||||
Provisions are made for permanent fluctuations in value. |
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Raven Waste Paper Company Limited | ||||||||
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2. TANGIBLE FIXED ASSETS | ||||||||||||
Plant and | Commercial | |||||||||||
Machinery | Vehicles | Equipment | Total | |||||||||
£ | £ | £ | £ | |||||||||
Cost | ||||||||||||
At 1 September 2015 |
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Additions |
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Disposals |
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At 31 August 2016 | 419,793 | 782,530 | 13,033 | 1,215,356 | ||||||||
Depreciation | ||||||||||||
At 1 September 2015 |
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Disposals |
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For the year |
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At 31 August 2016 |
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Net Book Amounts | ||||||||||||
At 31 August 2016 |
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At 31 August 2015 |
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Net book value of includes £250,227 (2015: £106,150) in respect of assets held under hire purchase agreements. The amount of depreciation in respect of such assets amounted to £29,367 (2015: £14,950). | ||||||||||||
3. INVESTMENT FIXED ASSETS | |||||
Shares in group companies | |||||
and participating interests | Total | ||||
£ | £ | ||||
Cost | |||||
At 1 September 2015 |
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At 31 August 2016 |
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Amortisation | |||||
Net Book Amounts | |||||
At 31 August 2016 |
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At 31 August 2015 |
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The company's investment in its subsidiary undertaking represents the cost of acquisition of the whole of the ordinary share capital of M B Racing Limited, a company registered in England and Wales, which provides training facilities for greyhounds and kennelling. For the year ended 31 August 2016 the subsidiary made a loss of £16,082 and its net liabilities as at that date were £72,734. The directors of Raven Waste Paper Company Limited are hopeful of the future success of the subsidiary and of the market value of its assets and are therefore prepared to provide financial support as required. | |||||
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Raven Waste Paper Company Limited | ||||||||
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4. SHARE CAPITAL | 2016 | 2015 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
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5. RELATED PARTY TRANSACTIONS | ||||||||
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Creditors due within one year include £282,071 (2015: £nil) due to directors and related parties. | ||||||||
Creditors due after more than one year include £nil (2015: £282,071) due to directors and related parties. | ||||||||