Darlow Lloyd Plant Limited - Accounts to registrar (filleted) - small 18.2
Darlow Lloyd Plant Limited - Accounts to registrar (filleted) - small 18.2
Darlow Lloyd Plant Limited |
Audited Financial Statements for the Year Ended 30 June 2018 |
Darlow Lloyd Plant Limited |
Company Information |
for the Year Ended 30 June 2018 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
Chartered Accountants |
Statutory Auditor |
Radnor House |
Greenwood Close |
Cardiff Gate Business Park |
Cardiff |
CF23 8AA |
Darlow Lloyd Plant Limited (Registered number: 08563305) |
Balance Sheet |
30 June 2018 |
2018 | 2017 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
CURRENT ASSETS |
Debtors | 3 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 4 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
5 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
Darlow Lloyd Plant Limited (Registered number: 08563305) |
Balance Sheet - continued |
30 June 2018 |
In accordance with Section 444 of the Companies Act 2006, the Profit & Loss Account has not been delivered. |
The financial statements were approved by the Board of Directors on signed on its behalf by: |
Darlow Lloyd Plant Limited (Registered number: 08563305) |
Notes to the Financial Statements |
for the Year Ended 30 June 2018 |
1. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover comprises revenue in respect of the hire of plant and machinery, net of value |
added tax and trade discounts. |
Tangible fixed assets |
Plant and machinery | - |
Motor vehicles | - |
Office equipment | - |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & |
Loss Account, 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 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. |
Darlow Lloyd Plant Limited (Registered number: 08563305) |
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2018 |
1. | ACCOUNTING POLICIES - continued |
Hire purchase and leasing commitments |
Assets held under finance leases and hire purchase contracts, which are those where |
substantially all the risks and rewards of ownership of the asset have passed to the |
company, are capitalised in the balance sheet and depreciated over their useful lives. |
The interest element of the rental obligations is charged to the profit and loss account over |
the period of the lease and represents a constant proportion of the balance of capital |
repayments outstanding. |
Rentals paid under operating leases are charged to income on a straight line basis over the |
lease term. |
2. | TANGIBLE FIXED ASSETS |
Plant and | Motor | Office |
machinery | vehicles | equipment | Totals |
£ | £ | £ | £ |
COST |
At 1 July 2017 |
Additions |
At 30 June 2018 |
DEPRECIATION |
At 1 July 2017 |
Charge for year |
At 30 June 2018 |
NET BOOK VALUE |
At 30 June 2018 |
At 30 June 2017 |
3. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Amounts owed by group undertakings |
Other debtors & prepayments |
Darlow Lloyd Plant Limited (Registered number: 08563305) |
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2018 |
4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Hire purchase contracts |
Trade creditors |
Amounts owed to group undertakings |
Corporation tax |
Other creditors & accruals |
5. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2018 | 2017 |
£ | £ |
Hire purchase contracts |
6. | SECURED DEBTS |
The following secured debts are included within creditors: |
2018 | 2017 |
£ | £ |
Hire purchase contracts | 2,816,385 | 1,865,208 |
The hire purchase contracts are secured over the assets to which they relate. |
7. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
8. | TOTAL FINANCIAL COMMITMENTS |
There is an unlimited inter company cross guarantee between this company, its fellow |
subsidiary Darlow Lloyd Group Limited, its ultimate parent undertaking Darlow Lloyd |
Holdings Limited, and its fellow group members Darlow Lloyd (Construction) Limited and |
Darlow Lloyd & Sons Limited. |
9. | ULTIMATE CONTROLLING PARTY |
The company's ultimate controlling party is Mr R D Lloyd and Mrs J Lloyd, by virtue of their |
shareholdings in Darlow Lloyd Holdings Limited. |