Company Registration No. 02128711 (England and Wales)
MIDLAND CHEMICALS WASTE MANAGEMENT LIMITED
Abbreviated unaudited accounts
for the year ended 31 March 2016
MIDLAND CHEMICALS WASTE MANAGEMENT LIMITED
Abbreviated Balance Sheet
as at
31 March 2016
Tangible assets
408,914
412,759
Cash at bank and in hand
468,198
141,145
Creditors: amounts falling due within one year
(938,605)
(641,765)
Net current liabilities
(408,311)
(411,419)
Called up share capital
100
100
Profit and loss account
503
1,240
Total shareholders' funds
603
1,340
For the year ending 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Approved by the board on 30 December 2016
M R VANN
Director
Company Registration No. 02128711
MIDLAND CHEMICALS WASTE MANAGEMENT LIMITED
Notes to the Abbreviated Accounts
for the year ended 31 March 2016
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
33% Reducing Balance
The Company purchased premises at Long Street Walsall in the year ended 31 March 2009 which have been included at cost including demolition costs of the buildings since in the opinion of the Directors, this equates to open market value of the resulting Land at the Balance Sheet date. The Land is used for car parking and storage by this company and Intercoat Industrial Paints Limited to whom an appropriate rent is charged.
Charge for the year
3,845
3
Share capital
2016
2015
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100