Arnott Plant Hire Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 03055925 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 August 2016

for

Arnott Plant Hire Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Ms S A Wray

REGISTERED OFFICE:

80 Goulton Street

Hull

East Yorkshire

HU3 4DL

REGISTERED NUMBER:

03055925 (England and Wales)

ACCOUNTANTS:

360 Accountants Limited

19 Albion Street

Hull

East Yorkshire

HU1 3TG

BANKERS:

National Westminster Bank Plc

302 Holderness Road

Hull

East Yorkshire

HU9 2YX

FIXED ASSETS

Tangible assets

2

17,460

11,938

CURRENT ASSETS

Stocks

3,452

27,656

Debtors

20,166

11,671

Cash at bank

2,638

7,563

26,256

46,890

CREDITORS

Amounts falling due within one year

36,700

29,822

NET CURRENT (LIABILITIES)/ASSETS

(10,444

)

17,068

TOTAL ASSETS LESS CURRENT LIABILITIES

7,016

29,006

CAPITAL AND RESERVES

Called up share capital

3

18,000

18,000

Profit and loss account

(10,984

)

11,006

SHAREHOLDERS' FUNDS

7,016

29,006

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 9 May 2017 and were signed by:

Ms S A Wray - 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 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.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

20% on reducing balance

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.

Hire purchase and leasing commitments

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 1 September 2015

157,835

Additions

5,976

Disposals

(80,338

)

At 31 August 2016

83,473

DEPRECIATION

At 1 September 2015

145,897

Charge for year

4,366

Eliminated on disposal

(84,250

)

At 31 August 2016

66,013

NET BOOK VALUE

At 31 August 2016

17,460

At 31 August 2015

11,938

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/8/16

31/8/15

value:

£

£

18,000

Ordinary

£1

18,000

18,000