Bison Plant Hire Limited - Accounts to registrar - small 17.1

REGISTERED NUMBER: 02290248 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2016

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

1,541,614

1,554,846

CURRENT ASSETS

Debtors

5

297,029

304,148

Cash at bank and in hand

306,572

295,929

603,601

600,077

CREDITORS

Amounts falling due within one year

6

574,794

547,858

NET CURRENT ASSETS

28,807

52,219

TOTAL ASSETS LESS CURRENT LIABILITIES

1,570,421

1,607,065

CREDITORS

Amounts falling due after more than one year

7

(694,013

)

(810,745

)

PROVISIONS FOR LIABILITIES

(195,975

)

(205,151

)

NET ASSETS

680,433

591,169

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

680,333

591,069

SHAREHOLDERS' FUNDS

680,433

591,169

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 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 1 June 2017 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 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 13 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2016

2,791,816

Additions

542,740

Disposals

(380,965

)

At 31 December 2016

2,953,591

DEPRECIATION

At 1 January 2016

1,236,970

Charge for year

423,727

Eliminated on disposal

(248,720

)

At 31 December 2016

1,411,977

NET BOOK VALUE

At 31 December 2016

1,541,614

At 31 December 2015

1,554,846

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

Plant and

machinery

etc

£

COST

At 1 January 2016

2,194,193

Additions

487,525

Transfer to ownership

(499,142

)

At 31 December 2016

2,182,576

DEPRECIATION

At 1 January 2016

810,514

Charge for year

352,646

Transfer to ownership

(302,815

)

At 31 December 2016

860,345

NET BOOK VALUE

At 31 December 2016

1,322,231

At 31 December 2015

1,383,679

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Trade debtors

276,086

302,516

Other debtors

20,943

1,632

297,029

304,148

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Hire purchase contracts

396,099

387,731

Trade creditors

90,139

39,640

Taxation and social security

84,457

103,255

Other creditors

4,099

17,232

574,794

547,858

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.16

31.12.15

£

£

Hire purchase contracts

694,013

810,745

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.16

31.12.15

£

£

Hire purchase contracts

1,090,112

1,198,476

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

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £29,250 (2015 - £29,836) were paid to the directors .

10.	ULTIMATE CONTROLLING PARTY

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

ordinary share capital.