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REGISTERED NUMBER:
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ABRIDGED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 OCTOBER 2018 |
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A-Z SKIPS LIMITED |
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REGISTERED NUMBER:
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ABRIDGED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 OCTOBER 2018 |
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A-Z SKIPS LIMITED |
A-Z SKIPS LIMITED (REGISTERED NUMBER: 04307253) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 OCTOBER 2018 |
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Company Information | 1 |
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Abridged Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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A-Z SKIPS LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 OCTOBER 2018 |
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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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Brunswick House |
Birmingham Road |
Redditch |
Worcestershire |
B97 6DY |
A-Z SKIPS LIMITED (REGISTERED NUMBER: 04307253) |
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ABRIDGED BALANCE SHEET |
31 OCTOBER 2018 |
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31.10.18 | 31.10.17 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
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Tangible assets | 5 |
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CURRENT ASSETS |
Stocks |
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Debtors |
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Cash at bank and in hand |
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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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A-Z SKIPS LIMITED (REGISTERED NUMBER: 04307253) |
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ABRIDGED BALANCE SHEET - continued |
31 OCTOBER 2018 |
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31.10.18 | 31.10.17 |
Notes | £ | £ | £ | £ |
CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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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 |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
behalf by: |
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A-Z SKIPS LIMITED (REGISTERED NUMBER: 04307253) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 OCTOBER 2018 |
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1. | STATUTORY INFORMATION |
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A-Z Skips Limited is a
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company's registered number and registered office address can be found on the Company Information |
page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding |
discounts, rebates, value added tax and other sales taxes. |
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Goodwill |
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Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured |
at cost less any accumulated amortisation and any accumulated impairment losses. |
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Tangible fixed assets |
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Land and buildings | - |
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Plant and machinery etc | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for |
obsolete and slow moving items. |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, |
except to the extent that it relates to items recognised in other comprehensive income or directly in |
equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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A-Z SKIPS LIMITED (REGISTERED NUMBER: 04307253) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 OCTOBER 2018 |
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2. | ACCOUNTING POLICIES - continued |
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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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. |
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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. |
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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. |
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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. |
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Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period |
of the lease. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | INTANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 November 2017 |
and 31 October 2018 |
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AMORTISATION |
At 1 November 2017 |
and 31 October 2018 |
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NET BOOK VALUE |
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At 31 October 2018 |
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At 31 October 2017 |
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A-Z SKIPS LIMITED (REGISTERED NUMBER: 04307253) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 OCTOBER 2018 |
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5. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 November 2017 |
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Additions |
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Disposals | ( |
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At 31 October 2018 |
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DEPRECIATION |
At 1 November 2017 |
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Charge for year |
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Eliminated on disposal | ( |
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At 31 October 2018 |
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NET BOOK VALUE |
At 31 October 2018 |
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At 31 October 2017 |
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Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
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Totals |
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COST |
Additions | 71,853 |
Transfer to ownership | 4,167 |
At 31 October 2018 | 76,020 |
DEPRECIATION |
Charge for year | 17,963 |
At 31 October 2018 | 17,963 |
NET BOOK VALUE |
At 31 October 2018 | 58,057 |
A-Z SKIPS LIMITED (REGISTERED NUMBER: 04307253) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 OCTOBER 2018 |
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6. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to a director subsisted during the years ended 31 October 2018 |
and 31 October 2017: |
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31.10.18 | 31.10.17 |
£ | £ |
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Balance outstanding at start of year | ( |
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Amounts advanced |
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Amounts repaid | ( |
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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
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The loan bears interest at the rate of 2.5% per annum, and was fully repaid on 14 May 2019. |
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During the year A-Z Skips Ltd provided management services of £6,250 (2017: £8,417) to M Banham |
Properties, and paid rent of £29,250 (2017: £23,833) to M Banham Properties. |
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M R Banham is the sole proprietor of M Banham Properties. |
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7. | RELATED PARTY DISCLOSURES |
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During the year, total dividends of £41,856 (2017 - £39,279) were paid to the directors . |
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Metal & Ores Ltd is wholly owned by the directors of A-Z Skips Ltd. |
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During the year A-Z Skips Ltd charged interest of £6,250 (2017: £4,500) on its loan to Metal & Ores |
Ltd, and paid rent of £5,648 (2017: £3,164) to Metal & Ores Ltd. At the end of the year the balance |
outstanding from Metal & Ores Ltd was £397,100 (2017: £429,350). |
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8. | ULTIMATE CONTROLLING PARTY |
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The ultimate controlling party is the directors. |