IRIS Accounts Production v18.3.0.590 06825086 Board of Directors 1.4.17 31.3.18 31.3.18 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure068250862017-03-31068250862018-03-31068250862017-04-012018-03-31068250862016-03-31068250862016-04-012017-03-31068250862017-03-3106825086ns15:EnglandWales2017-04-012018-03-3106825086ns14:PoundSterling2017-04-012018-03-3106825086ns10:Director12017-04-012018-03-3106825086ns10:PrivateLimitedCompanyLtd2017-04-012018-03-3106825086ns10:SmallEntities2017-04-012018-03-3106825086ns10:AuditExempt-NoAccountantsReport2017-04-012018-03-3106825086ns10:SmallCompaniesRegimeForDirectorsReport2017-04-012018-03-3106825086ns10:SmallCompaniesRegimeForAccounts2017-04-012018-03-3106825086ns10:AbridgedAccounts2017-04-012018-03-3106825086ns10:OrdinaryShareClass12017-04-012018-03-3106825086ns10:Director22017-04-012018-03-3106825086ns10:RegisteredOffice2017-04-012018-03-3106825086ns5:CurrentFinancialInstruments2018-03-3106825086ns5:CurrentFinancialInstruments2017-03-3106825086ns5:ShareCapital2018-03-3106825086ns5:ShareCapital2017-03-3106825086ns5:RetainedEarningsAccumulatedLosses2018-03-3106825086ns5:RetainedEarningsAccumulatedLosses2017-03-3106825086ns5:PlantMachinery2017-04-012018-03-3106825086ns5:FurnitureFittings2017-04-012018-03-3106825086ns10:OrdinaryShareClass12018-03-310682508612017-04-012018-03-31


REGISTERED NUMBER: 06825086 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 March 2018

for

MG Skip Hire & Recycling Limited

MG Skip Hire & Recycling Limited (Registered number: 06825086)






Contents of the Financial Statements
for the Year Ended 31 March 2018




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


MG Skip Hire & Recycling Limited

Company Information
for the Year Ended 31 March 2018







DIRECTORS: M Gamble
L A Gamble





REGISTERED OFFICE: The Conifers
Spalding Road
Bourne
Lincolnshire
PE10 0AU





REGISTERED NUMBER: 06825086 (England and Wales)





ACCOUNTANTS: Moore Weston Accountants Ltd
Chartered Accountants
69 Main Road
Collyweston
Stamford
Lincolnshire
PE9 3PQ

MG Skip Hire & Recycling Limited (Registered number: 06825086)

Abridged Balance Sheet
31 March 2018

31.3.18 31.3.17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 48,001 57,859

CURRENT ASSETS
Debtors 50,797 40,849
Cash at bank 85,799 82,567
136,596 123,416
CREDITORS
Amounts falling due within one year 79,999 86,972
NET CURRENT ASSETS 56,597 36,444
TOTAL ASSETS LESS CURRENT
LIABILITIES

104,598

94,303

PROVISIONS FOR LIABILITIES 9,120 11,572
NET ASSETS 95,478 82,731

CAPITAL AND RESERVES
Called up share capital 5 100 100
Retained earnings 95,378 82,631
SHAREHOLDERS' FUNDS 95,478 82,731

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

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.

MG Skip Hire & Recycling Limited (Registered number: 06825086)

Abridged Balance Sheet - continued
31 March 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Profit & Loss Account and an abridged Balance Sheet for the year ended 31 March 2018 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 30 October 2018 and were signed on its behalf by:





M Gamble - Director


MG Skip Hire & Recycling Limited (Registered number: 06825086)

Notes to the Financial Statements
for the Year Ended 31 March 2018

1. STATUTORY INFORMATION

MG Skip Hire & Recycling Limited is a private company, limited by shares , registered in England and Wales.
The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the value of sales to customers, net of discounts and allowances and excludes VAT. Sales of
goods are recognised when the company has delivered product to the customer, the customer has accepted the
products and collectibility of the related receivable is reasonably assured.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, except
to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2017 - 4 ) .

MG Skip Hire & Recycling Limited (Registered number: 06825086)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2017 150,564
Additions 18,281
Disposals (28,011 )
At 31 March 2018 140,834
DEPRECIATION
At 1 April 2017 92,705
Charge for year 16,006
Eliminated on disposal (15,878 )
At 31 March 2018 92,833
NET BOOK VALUE
At 31 March 2018 48,001
At 31 March 2017 57,859

5. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.3.18 31.3.17
value: £    £   
100 Ordinary £1 100 100

6. ULTIMATE CONTROLLING PARTY

The company is controlled by its directors.