Cotswold Tool and Plant Hire Limited - Limited company - abbreviated - 11.6

Cotswold Tool and Plant Hire Limited - Limited company - abbreviated - 11.6

COTSWOLD TOOL AND PLANT HIRE LIMITED - Company Information

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REGISTERED NUMBER: 03335816 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2015

FOR

COTSWOLD TOOL AND PLANT HIRE LIMITED

COTSWOLD TOOL AND PLANT HIRE LIMITED (REGISTERED NUMBER: 03335816)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MAY 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

COTSWOLD TOOL AND PLANT HIRE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2015







DIRECTOR: Mr D J Coleman





REGISTERED OFFICE: Hillside
Albion Street
Chipping Norton
OXON
OX7 5BH





REGISTERED NUMBER: 03335816 (England and Wales)





ACCOUNTANTS: Bronsens
Chartered Certified Accountants
Hillside
Albion Street
Chipping Norton
Oxfordshire
OX7 5BH
Page 1
COTSWOLD TOOL AND PLANT HIRE LIMITED (REGISTERED NUMBER: 03335816)

ABBREVIATED BALANCE SHEET
31 MAY 2015

31.5.15 31.5.14
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 628,275 628,124

CURRENT ASSETS
Stocks 34,083 28,297
Debtors 73,799 66,177
Cash at bank and in hand 291,802 302,039
399,684 396,513
CREDITORS
Amounts falling due within one year 105,326 98,872
NET CURRENT ASSETS 294,358 297,641
TOTAL ASSETS LESS CURRENT
LIABILITIES
922,633
925,765

CREDITORS
Amounts falling due after more than one
year
3
105,840
211,679
NET ASSETS 816,793 714,086

CAPITAL AND RESERVES
Called up share capital 4 25,002 25,002
Profit and loss account 791,791 689,084
SHAREHOLDERS' FUNDS 816,793 714,086

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 notes form part of these abbreviated accounts

Page 2 continued...
COTSWOLD TOOL AND PLANT HIRE LIMITED (REGISTERED NUMBER: 03335816)

ABBREVIATED BALANCE SHEET - continued
31 MAY 2015


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 director on 26 February 2016 and were signed by:





Mr D J Coleman - Director


The notes form part of these abbreviated accounts

Page 3
COTSWOLD TOOL AND PLANT HIRE LIMITED (REGISTERED NUMBER: 03335816)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MAY 2015

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 amounts earned from the hire of equipment, 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.

Freehold property - not provided
Plant and machinery - 50% on cost and 20% on cost
Fixtures and fittings - 50% on cost and 20% on cost
Motor vehicles - 25% on reducing balance

The directors consider that freehold properties are maintained in such a state of repair that their residual value is
at least equal to their net book value. As a result, the corresponding depreciation would not be material and
therefore is not charged in the profit and loss account.

The directors perform annual impairment reviews in accordance with the requirements of the Financial Reporting
Standard for Smaller Entities (effective April 2008) to ensure that the recoverable amount is not lower than the
carrying value.

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

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

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 June 2014 1,543,450
Additions 133,634
Disposals (71,499 )
At 31 May 2015 1,605,585
DEPRECIATION
At 1 June 2014 915,326
Charge for year 133,483
Eliminated on disposal (71,499 )
At 31 May 2015 977,310
NET BOOK VALUE
At 31 May 2015 628,275
At 31 May 2014 628,124

Page 4 continued...
COTSWOLD TOOL AND PLANT HIRE LIMITED (REGISTERED NUMBER: 03335816)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 MAY 2015

3. CREDITORS

Creditors include the following debts falling due in more than five years:

31.5.15 31.5.14
£    £   
Repayable otherwise than by instalments 105,840 211,679

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.15 31.5.14
value: £    £   
25,000 Ordinary £1 £1 25,000 25,000
2 Ordinary B £1 2 2
25,002 25,002

Page 5