Caseware UK (AP4) 2016.0.181 2016.0.181 2018-03-312018-03-31The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truetrueScrap metal merchantsfalse2017-04-01 SC295249 2017-04-01 2018-03-31 SC295249 2016-04-01 2017-03-31 SC295249 2018-03-31 SC295249 2017-03-31 SC295249 c:Director1 2017-04-01 2018-03-31 SC295249 c:Director2 2017-04-01 2018-03-31 SC295249 c:Director3 2017-04-01 2018-03-31 SC295249 c:RegisteredOffice 2017-04-01 2018-03-31 SC295249 c:Agent1 2017-04-01 2018-03-31 SC295249 d:Buildings 2017-04-01 2018-03-31 SC295249 d:Buildings 2018-03-31 SC295249 d:Buildings 2017-03-31 SC295249 d:Buildings d:OwnedOrFreeholdAssets 2017-04-01 2018-03-31 SC295249 d:PlantMachinery 2017-04-01 2018-03-31 SC295249 d:PlantMachinery 2018-03-31 SC295249 d:PlantMachinery 2017-03-31 SC295249 d:PlantMachinery d:OwnedOrFreeholdAssets 2017-04-01 2018-03-31 SC295249 d:MotorVehicles 2017-04-01 2018-03-31 SC295249 d:MotorVehicles 2018-03-31 SC295249 d:MotorVehicles 2017-03-31 SC295249 d:MotorVehicles d:OwnedOrFreeholdAssets 2017-04-01 2018-03-31 SC295249 d:OfficeEquipment 2017-04-01 2018-03-31 SC295249 d:OfficeEquipment 2018-03-31 SC295249 d:OfficeEquipment 2017-03-31 SC295249 d:OfficeEquipment d:OwnedOrFreeholdAssets 2017-04-01 2018-03-31 SC295249 d:OwnedOrFreeholdAssets 2017-04-01 2018-03-31 SC295249 d:CurrentFinancialInstruments 2018-03-31 SC295249 d:CurrentFinancialInstruments 2017-03-31 SC295249 d:CurrentFinancialInstruments d:WithinOneYear 2018-03-31 SC295249 d:CurrentFinancialInstruments d:WithinOneYear 2017-03-31 SC295249 d:ShareCapital 2018-03-31 SC295249 d:ShareCapital 2017-03-31 SC295249 d:RetainedEarningsAccumulatedLosses 2018-03-31 SC295249 d:RetainedEarningsAccumulatedLosses 2017-03-31 SC295249 c:FRS102 2017-04-01 2018-03-31 SC295249 c:AuditExempt-NoAccountantsReport 2017-04-01 2018-03-31 SC295249 c:FullAccounts 2017-04-01 2018-03-31 SC295249 c:PrivateLimitedCompanyLtd 2017-04-01 2018-03-31 iso4217:GBP xbrli:pure

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DALTON DEMOLITION RECYCLING LIMITED


Company registration number SC295249


FILING FINANCIAL STATEMENTS


FOR THE YEAR ENDED 31 MARCH 2018































 
DALTON DEMOLITION RECYCLING LIMITED
 

CONTENTS



Page
Company information
 
1
Balance sheet
 
2 - 3
Notes to the financial statements
 
4 - 8



 
DALTON DEMOLITION RECYCLING LIMITED
 
 
COMPANY INFORMATION


Directors
Mr P T Dalton 
Ms E G Hendry 
Mr W T Hendry 




Registered number
SC295249



Registered office
Gogarbank Iron & Steel Works
Station Road

Edinburgh

EH12 9BU




Accountants
Scott-Moncrieff
Chartered Accountants

Exchange Place 3

Semple Street

Edinburgh

EH3 8BL




Solicitors
Addleshaw Goddard
Exchange Tower

19 Canning Street

Edinburgh

EH3 8EH




1

 
DALTON DEMOLITION RECYCLING LIMITED
REGISTERED NUMBER:SC295249

BALANCE SHEET
AS AT 31 MARCH 2018

2018
2017
Note
£
£

Fixed assets
  

Tangible assets
 4 
513,724
562,479

  
513,724
562,479

Current assets
  

Stocks
 5 
48,448
32,925

Debtors: amounts falling due within one year
 6 
256,882
199,189

Cash at bank and in hand
  
303,428
466,886

  
608,758
699,000

Creditors: amounts falling due within one year
 7 
(156,851)
(407,836)

Net current assets
  
 
 
451,907
 
 
291,164

Total assets less current liabilities
  
965,631
853,643

  

Net assets
  
965,631
853,643


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
964,631
852,643

  
965,631
853,643


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of Section 1A 'Small Entities' of Financial Reporting Standard 102.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

As permitted by Section 444 of the Companies Act 2006, the directors have not delivered to the Registrar a copy of the company's Statement of Income and Retained Earnings for the year ended 31 March 2018.

2

 
DALTON DEMOLITION RECYCLING LIMITED
REGISTERED NUMBER:SC295249
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2018

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



................................................
Mr P T Dalton
Director

Date: 1 November 2018

The notes on pages 4 to 8 form part of these financial statements.

3


 
DALTON DEMOLITION RECYCLING LIMITED
 
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018

1.


General information

These financial statements are presented in Pounds Sterling (GBP) as that is the currency in which the company's transactions are denominated.  They comprise the financial statements of the company drawn up for the year ended 31 March 2018.
The principal activity of the company in the year under review is that of scrap metal merchants.
 
The company is a private company limited by shares and is incorporated in the United Kingdom and registered in Scotland. Details of the registered office can be found on the company information page of these financial statements.   The company's registration number is SC295249.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with applicable law and United Kingdom Accounting Standards including Section 1A 'Small Entities' of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and The Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice applicable to Small Entities). 
The preparation of financial statements in compliance with Section 1A 'Small Entities' of FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company accounting policies. The directors are satisfied that the accounting policies are appropriate and applied consistently and that there are no significant judgements. 

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors are of the opinion that the company can continue to meet its obligations as they fall due for the foreseeable future. On this basis, the directors consider it appropriate to prepare the financial statements on a going concern basis.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

4


 
DALTON DEMOLITION RECYCLING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018

2.Accounting policies (continued)

 
2.4

Interest income

Interest income is recognised in the Statement of income and retained earnings using the effective interest method.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Land and buildings
-
4% and 10% straight line
Plant and machinery
-
20% straight line
Motor vehicles
-
25% straight line
Fixtures, fittings & equipment
-
20% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of income and retained earnings.

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell.
At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of
5


 
DALTON DEMOLITION RECYCLING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018

2.Accounting policies (continued)


2.9
Financial instruments (continued)

financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

 
2.10

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Taxation

Tax is recognised in the Statement of income and retained earnings, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2017 - 3).

6


 
DALTON DEMOLITION RECYCLING LIMITED
 
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018

4.


Tangible fixed assets





Land and buildings
Plant and machinery
Motor vehicles
Fixtures, fittings & equipment
Total

£
£
£
£
£



Cost or valuation


At 1 April 2017
667,778
272,654
23,911
7,424
971,767



At 31 March 2018

667,778
272,654
23,911
7,424
971,767



Depreciation


At 1 April 2017
157,839
245,118
4,483
1,847
409,287


Charge for the year on owned assets
32,188
9,157
5,978
1,433
48,756



At 31 March 2018

190,027
254,275
10,461
3,280
458,043



Net book value



At 31 March 2018
477,751
18,379
13,450
4,144
513,724



At 31 March 2017
509,939
27,536
19,428
5,577
562,480


5.


Stocks

2018
2017
£
£

Stocks
48,448
32,925

48,448
32,925


7


 
DALTON DEMOLITION RECYCLING LIMITED
 
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018

6.


Debtors

2018
2017
£
£


Trade debtors
225,782
162,938

Amounts owed by group undertakings
15,365
31,747

Prepayments
15,735
4,504

256,882
199,189



7.


Creditors: Amounts falling due within one year

2018
2017
£
£

Trade creditors
1,665
45,055

Amounts owed to group undertakings
8,088
255,434

Corporation tax
32,887
15,634

Other taxation and social security
65,099
50,544

Accruals
49,112
41,169

156,851
407,836


 
8