Abbreviated Company Accounts - CP HIRE (UK) LIMITED

Abbreviated Company Accounts - CP HIRE (UK) LIMITED

CP HIRE (UK) LIMITED - Company Information

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Registered Number 06534171

CP HIRE (UK) LIMITED

Abbreviated Accounts

31 March 2014

CP HIRE (UK) LIMITED Registered Number 06534171

Abbreviated Balance Sheet as at 31 March 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 131,389 203,334
131,389 203,334
Current assets
Debtors 3,500 8,640
Cash at bank and in hand 1,323 770
4,823 9,410
Creditors: amounts falling due within one year (298,053) (385,964)
Net current assets (liabilities) (293,230) (376,554)
Total assets less current liabilities (161,841) (173,220)
Creditors: amounts falling due after more than one year (56,807) (11,919)
Total net assets (liabilities) (218,648) (185,139)
Capital and reserves
Called up share capital 1 1
Profit and loss account (218,649) (185,140)
Shareholders' funds (218,648) (185,139)
  • For the year ending 31 March 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 21 June 2014

And signed on their behalf by:
John Watson, Director

CP HIRE (UK) LIMITED Registered Number 06534171

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents net invoiced sales of goods and services , excluding VAT.

Tangible assets depreciation policy
Depreciation of fixed assets is calculated to write off their cost or valuation less any residual value over their estimated useful lives as follows:-

Motor Vehicles 25% Reducing Balance

2Tangible fixed assets
£
Cost
At 1 April 2013 342,156
Additions 10,795
Disposals (94,183)
Revaluations -
Transfers -
At 31 March 2014 258,768
Depreciation
At 1 April 2013 138,822
Charge for the year 44,361
On disposals (55,804)
At 31 March 2014 127,379
Net book values
At 31 March 2014 131,389
At 31 March 2013 203,334

The net book value of tangible assets includes £119,241 (2013: £184,916 ) in respect of assets held under finance leases and hire purchase contracts.