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REGISTERED NUMBER: 08917485 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2018

FOR

MAGPIE METAL & WASTE LIMITED

MAGPIE METAL & WASTE LIMITED (REGISTERED NUMBER: 08917485)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MAGPIE METAL & WASTE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2018







DIRECTORS: Mr K Gale
Mrs J L Gale





REGISTERED OFFICE: 89 Gloucester Road
Patchway
Bristol
BS34 5JQ





REGISTERED NUMBER: 08917485 (England and Wales)





ACCOUNTANTS: Keller & Co
367b Church Road
Frampton Cotterell
Bristol
BS36 2AQ

MAGPIE METAL & WASTE LIMITED (REGISTERED NUMBER: 08917485)

BALANCE SHEET
28 FEBRUARY 2018

2018 2017
Notes £    £   
FIXED ASSETS
Intangible assets 4 2,167 4,167
Tangible assets 5 91,707 64,921
93,874 69,088

CURRENT ASSETS
Stocks 19,630 14,370
Debtors 6 69,837 57,037
Cash at bank and in hand 114,021 58,854
203,488 130,261
CREDITORS
Amounts falling due within one year 7 (123,579 ) (78,629 )
NET CURRENT ASSETS 79,909 51,632
TOTAL ASSETS LESS CURRENT
LIABILITIES

173,783

120,720

CREDITORS
Amounts falling due after more than one
year

8

(20,375

)

(15,875

)

PROVISIONS FOR LIABILITIES (16,458 ) (11,743 )
NET ASSETS 136,950 93,102

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 136,850 93,002
SHAREHOLDERS' FUNDS 136,950 93,102

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

MAGPIE METAL & WASTE LIMITED (REGISTERED NUMBER: 08917485)

BALANCE SHEET - continued
28 FEBRUARY 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.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 7 November 2018 and were signed on its behalf
by:




Mr K Gale - Director



Mrs J L Gale - Director


MAGPIE METAL & WASTE LIMITED (REGISTERED NUMBER: 08917485)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2018

1. STATUTORY INFORMATION

Magpie Metal & Waste 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of five years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - Straight line over 3 years

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

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.

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.

MAGPIE METAL & WASTE LIMITED (REGISTERED NUMBER: 08917485)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2018

2. ACCOUNTING POLICIES - continued

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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2017 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2017
and 28 February 2018 10,000
AMORTISATION
At 1 March 2017 5,833
Charge for year 2,000
At 28 February 2018 7,833
NET BOOK VALUE
At 28 February 2018 2,167
At 28 February 2017 4,167

MAGPIE METAL & WASTE LIMITED (REGISTERED NUMBER: 08917485)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2018

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 March 2017 63,621 - 51,300 - 114,921
Additions 22,500 1,800 32,000 917 57,217
At 28 February 2018 86,121 1,800 83,300 917 172,138
DEPRECIATION
At 1 March 2017 31,915 - 18,085 - 50,000
Charge for year 13,551 270 16,304 306 30,431
At 28 February 2018 45,466 270 34,389 306 80,431
NET BOOK VALUE
At 28 February 2018 40,655 1,530 48,911 611 91,707
At 28 February 2017 31,706 - 33,215 - 64,921

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 March 2017 41,500
Additions 32,000
At 28 February 2018 73,500
DEPRECIATION
At 1 March 2017 13,938
Charge for year 14,891
At 28 February 2018 28,829
NET BOOK VALUE
At 28 February 2018 44,671
At 28 February 2017 27,562

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 66,157 53,364
Other debtors 3,680 3,673
69,837 57,037

MAGPIE METAL & WASTE LIMITED (REGISTERED NUMBER: 08917485)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2018

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Hire purchase contracts 10,795 7,045
Trade creditors 13,414 4,315
Taxation and social security 42,742 42,963
Other creditors 56,628 24,306
123,579 78,629

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2018 2017
£    £   
Hire purchase contracts 20,375 15,875

9. OTHER FINANCIAL COMMITMENTS

The company had total commitments at the balance sheet date of £15,819.

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £42,500 (2017 - £45,000) were paid to the directors .