Bison Plant Hire Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02290248 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2018

FOR

BISON PLANT HIRE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr K Tomblin

Mrs S M Meek

G J A Tomblin

REGISTERED OFFICE:

Broadway Trading Estate

South Cerney

Cirencester

Gloucestershire

GL7 5UH

REGISTERED NUMBER:

02290248 (England and Wales)

ACCOUNTANTS:

Shiner Mitchell Fisher & Co. Ltd

Smith House

George Street

Nailsworth

Stroud

Gloucestershire

GL6 0AG

FIXED ASSETS

Tangible assets

4

1,407,800

1,649,951

CURRENT ASSETS

Debtors

5

287,932

299,425

Cash at bank and in hand

220,339

258,889

508,271

558,314

CREDITORS

Amounts falling due within one year

6

607,062

667,560

NET CURRENT LIABILITIES

(98,791

)

(109,246

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,309,009

1,540,705

CREDITORS

Amounts falling due after more than one year

7

(309,419

)

(580,709

)

PROVISIONS FOR LIABILITIES

(184,837

)

(187,450

)

NET ASSETS

814,753

772,546

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

814,653

772,446

SHAREHOLDERS' FUNDS

814,753

772,546

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 20 June 2019 and were signed on its behalf by:

Mr K Tomblin - Director

1.	STATUTORY INFORMATION

Bison Plant Hire 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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.

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 etc

-

25% on cost, 25% on reducing balance and 20% on cost

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2017 - 15 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2018

3,157,326

Additions

296,581

Disposals

(430,835

)

At 31 December 2018

3,023,072

DEPRECIATION

At 1 January 2018

1,507,375

Charge for year

381,609

Eliminated on disposal

(273,712

)

At 31 December 2018

1,615,272

NET BOOK VALUE

At 31 December 2018

1,407,800

At 31 December 2017

1,649,951

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 January 2018

2,573,266

Additions

296,581

Transfer to ownership

(344,191

)

At 31 December 2018

2,525,656

DEPRECIATION

At 1 January 2018

1,065,478

Charge for year

356,338

Transfer to ownership

(201,914

)

At 31 December 2018

1,219,902

NET BOOK VALUE

At 31 December 2018

1,305,754

At 31 December 2017

1,507,788

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

£

Trade debtors

270,709

271,134

Other debtors

17,223

28,291

287,932

299,425

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

£

Hire purchase contracts

431,502

512,543

Trade creditors

61,090

51,006

Taxation and social security

110,170

98,953

Other creditors

4,300

5,058

607,062

667,560

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.18

31.12.17

£

£

Hire purchase contracts

309,419

580,709

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.18

31.12.17

£

£

Hire purchase contracts

740,921

1,093,252

Obligations under hire purchase contracts are secured on the underlying assets.

9.	ULTIMATE CONTROLLING PARTY

The company was controlled throughout the year by its directors who, between them, own 72% of the issued

ordinary share capital.