Affordable Access Hire Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 05643227 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31ST DECEMBER 2015

FOR

AFFORDABLE ACCESS HIRE LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

T Thornton

REGISTERED OFFICE:

8 Tollgate

Stanbridge Earls

Romsey

Hampshire

SO51 0HE

REGISTERED NUMBER:

05643227 (England and Wales)

FIXED ASSETS

Tangible assets

2

933,145

858,391

CURRENT ASSETS

Debtors

93,808

120,276

Cash at bank

15

60,000

93,823

180,276

CREDITORS

Amounts falling due within one year

3

210,360

296,167

NET CURRENT LIABILITIES

(116,537

)

(115,891

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

816,608

742,500

CREDITORS

Amounts falling due after more than one
year

3

(113,656

)

(77,619

)

PROVISIONS FOR LIABILITIES

(136,549

)

(116,177

)

NET ASSETS

566,403

548,704

CAPITAL AND RESERVES

Called up share capital

4

1,000

Profit and loss account

565,403

547,704

SHAREHOLDERS' FUNDS

566,403

548,704

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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 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 3rd October 2016 and were signed by:

T Thornton - 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 January 2015).

Turnover

Turnover represents the revenue generated by the company's operating activities, 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

-

5% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Deferred tax

Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods

different from those in which they are included in the company's accounts. Deferred tax is provided in full on

timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates

that are expected to apply when the timing differences reverse, based on current tax rates and laws.

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.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st January 2015

1,112,316

Additions

170,656

Disposals

(65,425

)

At 31st December 2015

1,217,547

DEPRECIATION

At 1st January 2015

253,925

Charge for year

49,363

Eliminated on disposal

(18,886

)

At 31st December 2015

284,402

NET BOOK VALUE

At 31st December 2015

933,145

At 31st December 2014

858,391

3.

CREDITORS

Creditors include an amount of £ 163,804 (2014 - £ 140,210 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

1,000

A Ordinary

£1

1,000