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Unaudited Financial Statements |
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for the Year Ended 31 March 2017 |
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Hamman Metals Recycling Ltd |
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REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 31 March 2017 |
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for |
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Hamman Metals Recycling Ltd |
Hamman Metals Recycling Ltd (Registered number: 07995831) |
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Contents of the Financial Statements |
for the Year Ended 31 March 2017 |
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Page |
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Company Information | 1 |
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Abridged Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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Hamman Metals Recycling Ltd |
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Company Information |
for the Year Ended 31 March 2017 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Kings Lodge |
London Road |
West Kingsdown |
Sevenoaks |
Kent |
TN15 6AR |
Hamman Metals Recycling Ltd (Registered number: 07995831) |
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Abridged Balance Sheet |
31 March 2017 |
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2017 | 2016 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 5 | 280,887 | 296,708 |
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CURRENT ASSETS |
Stocks |
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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 LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
6 |
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NET (LIABILITIES)/ASSETS | ( |
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RESERVES |
Retained earnings | 8 | ( |
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( |
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The director acknowledges his responsibilities for: |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
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The financial statements were approved by the director on
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Hamman Metals Recycling Ltd (Registered number: 07995831) |
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Notes to the Financial Statements |
for the Year Ended 31 March 2017 |
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1. | STATUTORY INFORMATION |
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Hamman Metals Recycling Ltd 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. | STATEMENT OF COMPLIANCE |
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3. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Revenue recognition |
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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Sales comprise the fair value of the consideration received or receivable for the sale of goods in the ordinary |
course of the company's activities. Sales are presented, net of value-added tax, rebates and discounts. The |
company recognises revenue when the amount of revenue can be reliably measured, it is probable that future |
economic benefits will flow to the entity and when specific criteria have been met for each of the company's |
activities as follows: |
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Revenue from the sale of goods is recognised at the point at which the goods have been delivered to the |
customer. |
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Tangible fixed assets |
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Freehold property | - |
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Plant and machinery | - |
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Motor vehicles | - |
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Computer equipment | - |
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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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4. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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5. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 April 2016 |
and 31 March 2017 |
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DEPRECIATION |
At 1 April 2016 |
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Charge for year |
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At 31 March 2017 |
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NET BOOK VALUE |
At 31 March 2017 |
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At 31 March 2016 |
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Hamman Metals Recycling Ltd (Registered number: 07995831) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 March 2017 |
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6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS |
2017 | 2016 |
£ | £ |
Repayable by instalments |
Bank loans more 5 yr by instal | - | 141,500 |
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7. | LOANS |
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An analysis of the maturity of loans is given below: |
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2017 | 2016 |
£ | £ |
Amounts falling due within one year or on demand: |
Bank loans |
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Amounts falling due between one and two years: |
Bank loans - 1-2 years |
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Amounts falling due between two and five years: |
Bank loans - 2-5 years |
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Amounts falling due in more than five years: |
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Repayable by instalments |
Bank loans more 5 yr by instal | - | 141,500 |
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8. | RESERVES |
Retained |
earnings |
£ |
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At 1 April 2016 |
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Deficit for the year | ( |
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At 31 March 2017 | ( |
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9. | RELATED PARTY DISCLOSURES |
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During the year, the company repaid £1,267 to the director, Mr P Williams. This therefore leaves total loans owed |
to the director, Mr P Williams, at the year end of £124,575 (2016: £125,842) held under creditors due within one |
year. The loan is made to the company interest free and is repayable on demand. |