Cotswold Tool And Plant Hire Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 03335816 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JUNE 2016 TO 30 APRIL 2017

FOR

COTSWOLD TOOL AND PLANT HIRE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

J H Clutterbuck

SECRETARY:

REGISTERED OFFICE:

Chargrove House

Shurdington Road

Cheltenham

Gloucestershire

GL51 4GA

REGISTERED NUMBER:

03335816 (England and Wales)

ACCOUNTANTS:

Randall & Payne LLP

Chartered Accountants

Chargrove House

Shurdington Road

Cheltenham

Gloucestershire

GL51 4GA

FIXED ASSETS

Tangible assets

4

612,420

652,004

Investment property

5

-

222,960

612,420

874,964

CURRENT ASSETS

Stocks

29,468

29,468

Debtors

6

68,113

69,035

Cash at bank and in hand

78,173

154,376

175,754

252,879

CREDITORS

Amounts falling due within one year

7

96,193

134,110

NET CURRENT ASSETS

79,561

118,769

TOTAL ASSETS LESS CURRENT LIABILITIES

691,981

993,733

CAPITAL AND RESERVES

Called up share capital

25,002

25,002

Retained earnings

666,979

968,731

691,981

993,733

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 2017 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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 24 January 2018 and were signed by:

J H Clutterbuck - Director

1.	STATUTORY INFORMATION

Cotswold Tool And 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.

These financial statements are the first financial statements that comply with FRS 102 Section 1A. The

date of transition is 1 June 2015. The transition to FRS 102 Section 1A small entities has resulted in no

material changes in accounting policies to those used previously.

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.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from

changes in fair value is recognised in profit or loss.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Taxation

Taxation for the period 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 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 period 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

The director has considered the risks and issues concerning the company and it's activities and no

material uncertainties that may cast significant doubt about the company's ability of the company to

continue as a going concern have been identified by the director.

Provisions

Provisions are set up only where it is probable that a present obligation exists as a result of an event

prior to the balance sheet date and that a payment will be required in settlement that can be estimated

reliably. Where material, provisions are calculated on a discounted basis.

Financial instruments

Financial Instruments are classified by the directors as basic or advanced following the conditions in

FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective

interest method.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 10 .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 June 2016

532,096

925,212

63,501

112,509

1,633,318

Additions

-

2,067

-

-

2,067

Disposals

-

(218,065

)

-

(16,382

)

(234,447

)

At 30 April 2017

532,096

709,214

63,501

96,127

1,400,938

DEPRECIATION

At 1 June 2016

-

827,775

58,332

95,207

981,314

Charge for period

-

22,459

1,912

3,778

28,149

Eliminated on disposal

-

(206,750

)

-

(14,195

)

(220,945

)

At 30 April 2017

-

643,484

60,244

84,790

788,518

NET BOOK VALUE

At 30 April 2017

532,096

65,730

3,257

11,337

612,420

At 31 May 2016

532,096

97,437

5,169

17,302

652,004

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 June 2016

222,960

Disposals

(222,960

)

At 30 April 2017

-

NET BOOK VALUE

At 30 April 2017

-

At 31 May 2016

222,960

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

66,070

66,558

Other debtors

-

2,477

Prepayments

2,043

-

68,113

69,035

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

9,766

13,810

Corporation Tax

56,511

32,650

Social security and other taxes

2,196

2,080

VAT

24,321

34,114

Directors' loan accounts

-

46,579

Accrued expenses

3,399

4,877

96,193

134,110

8.	POST BALANCE SHEET EVENTS

After the year end the company transferred trade and assets to its parent company WHC Hire Services

Limited.