Bison Plant Hire Limited - Limited company - abbreviated

REGISTERED NUMBER: 02290248 (England and Wales)

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2014

FOR

BISON PLANT HIRE LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr K Tomblin

Mr B Smith

Mrs S M Meek

G J A Tomblin

SECRETARY:

Mr B Smith

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

2

1,010,870

734,512

CURRENT ASSETS

Debtors

296,036

215,687

Cash at bank and in hand

221,775

158,604

517,811

374,291

CREDITORS

Amounts falling due within one year

3

482,335

409,281

NET CURRENT ASSETS/(LIABILITIES)

35,476

(34,990

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,046,346

699,522

CREDITORS

Amounts falling due after more than one year

3

(454,051

)

(250,872

)

PROVISIONS FOR LIABILITIES

(152,583

)

(89,909

)

NET ASSETS

439,712

358,741

CAPITAL AND RESERVES

Called up share capital

4

100

3

Profit and loss account

439,612

358,738

SHAREHOLDERS' FUNDS

439,712

358,741

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 19 May 2015 and were signed on its behalf by:

Mr K Tomblin - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

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

Deferred tax

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

sheet date.

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 the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

1,653,602

Additions

593,773

Disposals

(326,502

)

At 31 December 2014

1,920,873

DEPRECIATION

At 1 January 2014

919,090

Charge for year

263,920

Eliminated on disposal

(273,007

)

At 31 December 2014

910,003

NET BOOK VALUE

At 31 December 2014

1,010,870

At 31 December 2013

734,512

3.

CREDITORS

Creditors include an amount of £ 708,902 (31.12.13 - £ 430,196 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.14

31.12.13

value:

£

100

Ordinary

£1

100

3

(31.12.13 - 3 )

97 Ordinary shares of £1 each were allotted and fully paid for cash at par during the year.

5.	RELATED PARTY DISCLOSURES

During the year, total dividends of £76,800 (2013 - £76,800) were paid to the directors .

The directors have made unsecured interest free loans to the company, which subsisted throughout the year. The

outstanding balance due to the directors at 31 December 2014 was £10,423 (2013 - £13,423).

During the year the company leased assets from Aspen Services (UK) Limited, a company with common

shareholders. The assets were leased on normal commercial terms and the value of the transactions was £Nil (2013

- £10,000). At 31 December 2014 the balance owing to Aspen Services (UK) Ltd was £71,719 (2013 - £74,001).

Mrs S Meek, who owns the balance of the ordinary share capital, has waived her entitlement to dividends in the

year.

6.	ULTIMATE CONTROLLING PARTY

The company was controlled throughout the year by its directors who, between them, own 100% of the issued

ordinary share capital.

Bison Plant Hire Limited - Limited company - abbreviated - 11.6

Bison Plant Hire Limited - Limited company - abbreviated - 11.6