Company Registration No. 9732806 (England and Wales)
RUBBISH CLEARANCE & WASTE REMOVAL LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023
PAGES FOR FILING WITH REGISTRAR
RUBBISH CLEARANCE & WASTE REMOVAL LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
RUBBISH CLEARANCE & WASTE REMOVAL LTD
BALANCE SHEET
AS AT
31 AUGUST 2023
31 August 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
32,243
40,640
Current assets
Debtors
4
4,679
1,020
Cash at bank and in hand
24,387
83,648
29,066
84,668
Creditors: amounts falling due within one year
5
(24,963)
(36,880)
Net current assets
4,103
47,788
Net assets
36,346
88,428
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
36,246
88,328
Total equity
36,346
88,428
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 16 April 2024
Mr J Gildea
Director
Company Registration No. 9732806
RUBBISH CLEARANCE & WASTE REMOVAL LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023
- 2 -
1
Accounting policies
Company information
Rubbish Clearance & Waste Removal Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 227A West Street, Fareham, Hants, PO16 0HZ.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and equipment
25% reducing balance
Fixtures and fittings
25% reducing balance
Motor vehicles
25% reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.
Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.
RUBBISH CLEARANCE & WASTE REMOVAL LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
- 3 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
1
1
3
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
Cost
At 1 September 2022
8,553
4,497
54,360
67,410
Additions
13,329
13,329
Disposals
(20,560)
(20,560)
At 31 August 2023
8,553
4,497
47,129
60,179
Depreciation and impairment
At 1 September 2022
4,410
3,083
19,277
26,770
Depreciation charged in the year
1,036
354
4,916
6,306
Eliminated in respect of disposals
(5,140)
(5,140)
At 31 August 2023
5,446
3,437
19,053
27,936
Carrying amount
At 31 August 2023
3,107
1,060
28,076
32,243
At 31 August 2022
4,143
1,414
35,083
40,640
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
3,781
1,020
Other debtors
898
4,679
1,020
RUBBISH CLEARANCE & WASTE REMOVAL LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
- 4 -
5
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
5,300
5,000
Trade creditors
3,010
2,170
Corporation tax
(1,182)
9,710
Other taxation and social security
269
1,642
Other creditors
17,566
18,358
24,963
36,880