Company Registration No. 09269451 (England and Wales)
Abertawe Metal Recycling Limited
Unaudited accounts
for the year ended 31 October 2018
Abertawe Metal Recycling Limited
Unaudited accounts
Contents
Abertawe Metal Recycling Limited
Statement of financial position
as at
31 October 2018
Tangible assets
311,252
196,198
Inventories
282,535
227,650
Cash at bank and in hand
16,684
15,530
Creditors: amounts falling due within one year
(329,200)
(273,267)
Net current (liabilities)/assets
(11,660)
1,826
Total assets less current liabilities
299,592
198,024
Creditors: amounts falling due after more than one year
(271,217)
(185,564)
Called up share capital
3
3
Profit and loss account
28,372
12,457
Shareholders' funds
28,375
12,460
For the year ending 31 October 2018 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 31 July 2019.
R. Williams
Director
Company Registration No. 09269451
Abertawe Metal Recycling Limited
Notes to the Accounts
for the year ended 31 October 2018
Abertawe Metal Recycling Limited is a private company, limited by shares, registered in England and Wales, registration number 09269451. The registered office is 2 Glyndefaid Cottage, Ynysmond Road, Glais, Swansea, SA7 9JA, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Plant & machinery
Amount calculated to write off the assets over useful lifetime
Motor vehicles
Amount calculated to write off the assets over useful lifetime
Fixtures & fittings
Amount calculated to write off the assets over useful lifetime
Abertawe Metal Recycling Limited
Notes to the Accounts
for the year ended 31 October 2018
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 November 2017
223,406
47,200
1,424
-
272,030
Additions
201,189
-
-
1,385
202,574
Disposals
(40,000)
-
-
-
(40,000)
At 31 October 2018
384,595
47,200
1,424
1,385
434,604
At 1 November 2017
59,606
15,831
395
-
75,832
Charge for the year
50,416
7,843
154
207
58,620
On disposals
(11,100)
-
-
-
(11,100)
At 31 October 2018
98,922
23,674
549
207
123,352
At 31 October 2018
285,673
23,526
875
1,178
311,252
At 31 October 2017
163,800
31,369
1,029
-
196,198
Work in progress
4,885
4,500
Finished goods
277,650
223,150
Trade debtors
5,200
18,584
Accrued income and prepayments
3,121
3,329
Other debtors
10,000
10,000
7
Creditors: amounts falling due within one year
2018
2017
Bank loans and overdrafts
8,454
49,226
Obligations under finance leases and hire purchase contracts
94,847
53,612
Trade creditors
27,109
55,596
8
Creditors: amounts falling due after more than one year
2018
2017
Obligations under finance leases and hire purchase contracts
184,658
132,825
Other creditors
86,559
52,739
Abertawe Metal Recycling Limited
Notes to the Accounts
for the year ended 31 October 2018
9
Share capital
2018
2017
Allotted, called up and fully paid:
3 Ordinary shares of £1 each
3
3
10
Average number of employees
During the year the average number of employees was 9 (2017: 7).