REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 NOVEMBER 2016 |
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FOR |
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BYWOOD ASPHALT LIMITED |
REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 NOVEMBER 2016 |
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FOR |
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BYWOOD ASPHALT LIMITED |
BYWOOD ASPHALT LIMITED (REGISTERED NUMBER: 04206068) |
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CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 30 NOVEMBER 2016 |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 4 |
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Chartered Accountants' Report | 6 |
BYWOOD ASPHALT LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 30 NOVEMBER 2016 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
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BYWOOD ASPHALT LIMITED (REGISTERED NUMBER: 04206068) |
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ABBREVIATED BALANCE SHEET |
30 NOVEMBER 2016 |
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2016 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
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CURRENT ASSETS |
Debtors |
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Cash at bank |
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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 | 3 |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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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. |
BYWOOD ASPHALT LIMITED (REGISTERED NUMBER: 04206068) |
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ABBREVIATED BALANCE SHEET - continued |
30 NOVEMBER 2016 |
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The financial statements were approved by the Board of Directors on
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BYWOOD ASPHALT LIMITED (REGISTERED NUMBER: 04206068) |
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NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 30 NOVEMBER 2016 |
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1. | ACCOUNTING POLICIES |
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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). |
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Tangible fixed assets |
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Plant and machinery etc | - |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the |
lease. |
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Turnover |
Turnover represents the net invoiced sales of goods and services excluding VAT. |
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The company established an employer financed retirement benefit scheme for the benefit of its officers, employees and |
their wider families, The Bywood Asphalt Limited Employer Financed Retirement Benefit Scheme ("The Scheme"). |
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In accordance with UITF abstract 32, "Employee Benefit Trusts and other intermediate payment arrangements" the |
company does not include the assets and liabilities of The Scheme on its balance sheet to the extent that the directors |
consider that it will not retain any economic benefit from the assets of The Scheme and will not have control of the rights or |
other access to those present economic benefits. |
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Employee benefit trust |
During the year the Company made a contribution into The Bywood Asphalt Limited 2014 Employee Benefit Trust ("The |
Scheme") for the benefit of its officers, employees and their wider families. |
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In accordance with UITF abstract 32 "Employee Benefit Trusts and other intermediate payment arrangements" the |
Company does not include the assets and liabilities of The Scheme on its balance sheet to the extent that it considers that it |
will not retain any economic benefit from the assets of The Scheme and will not have control of the rights or other access to |
those present economic benefits. |
BYWOOD ASPHALT LIMITED (REGISTERED NUMBER: 04206068) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 30 NOVEMBER 2016 |
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2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 December 2015 |
and 30 November 2016 |
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DEPRECIATION |
At 1 December 2015 |
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Charge for year |
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At 30 November 2016 |
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NET BOOK VALUE |
At 30 November 2016 |
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At 30 November 2015 |
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3. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2016 | 2015 |
value: | £ | £ |
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Ordinary | 1 |
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4. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to a director subsisted during the years ended 30 November 2016 and |
30 November 2015: |
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2016 | 2015 |
£ | £ |
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Balance outstanding at start of year |
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( |
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Amounts advanced |
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Amounts repaid | ( |
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Balance outstanding at end of year |
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During the year, the company repaid £273,000 of the medium term interest free loan of £535,000 from A Deeley (see note |
7) by transfer from his current account. At 30.11.16, the balance of the medium term loan due to A Deeley was £262,000 |
(2015 - £535,000). |
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
BYWOOD ASPHALT LIMITED |
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The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited |
financial statements, from which the unaudited abbreviated accounts (set out on pages two to five) have been prepared. |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial |
statements of Bywood Asphalt Limited for the year ended 30 November 2016 which comprise the Profit and Loss Account, the |
Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given |
us. |
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As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
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This report is made solely to the Board of Directors of Bywood Asphalt Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Bywood Asphalt Limited and state those matters that we have agreed to state to the Board of Directors of Bywood Asphalt Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bywood Asphalt Limited Board of Directors, as a body, for our work or for this report. |
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It is your duty to ensure that Bywood Asphalt Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Bywood Asphalt Limited. You consider that Bywood Asphalt Limited is exempt from the statutory audit requirement for the year. |
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We have not been instructed to carry out an audit or a review of the financial statements of Bywood Asphalt Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
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Chartered Accountants |
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6 April 2017 |