S. Leonard Plant Hire & Haulage Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 05264451 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2014

FOR

S. LEONARD PLANT HIRE & HAULAGE LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mr S Leonard

SECRETARY:

Mrs D M Leonard

REGISTERED OFFICE:

2 Mountside

Stanmore

Middlesex

HA7 2DT

REGISTERED NUMBER:

05264451 (England and Wales)

ACCOUNTANTS:

Mountsides Limited

Chartered Accountants

2 Mountside

Stanmore

Middlesex

HA7 2DT

FIXED ASSETS

Tangible assets

2

83,477

77,109

CURRENT ASSETS

Stocks

-

2,712

Debtors

35,059

26,610

Cash at bank

2,394

-

37,453

29,322

CREDITORS

Amounts falling due within one year

3

55,670

65,053

NET CURRENT LIABILITIES

(18,217

)

(35,731

)

TOTAL ASSETS LESS CURRENT LIABILITIES

65,260

41,378

CREDITORS

Amounts falling due after more than one year

3

(50,027

)

(3,818

)

PROVISIONS FOR LIABILITIES

(8,237

)

(9,223

)

NET ASSETS

6,996

28,337

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

6,896

28,237

SHAREHOLDERS' FUNDS

6,996

28,337

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2014 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 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 22 January 2015 and were signed by:

Mr S Leonard - 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 April 2008).

Turnover

Turnover represents net amounts invoiced for construction services and haulage, 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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

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 the profit and loss account over the relevant period. The capital

element of the future payments is treated as a liability.

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 May 2013

307,452

Additions

34,192

At 30 April 2014

341,644

DEPRECIATION

At 1 May 2013

230,343

Charge for year

27,824

At 30 April 2014

258,167

NET BOOK VALUE

At 30 April 2014

83,477

At 30 April 2013

77,109

3.

CREDITORS

Creditors include an amount of £ 77,965 (2013 - £ 27,753 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

£1.00

100

100

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2014 and 30 April 2013:

2014

2013

£

£

Mr S Leonard

Balance outstanding at start of year

(5,975

)

295

Amounts advanced

69,581

103,522

Amounts repaid

(67,963

)

(109,792

)

Balance outstanding at end of year

(4,357

)

(5,975

)