Moat (Plant Hire & Sales) Limited - Accounts to registrar (filleted) - small 18.2
Moat (Plant Hire & Sales) Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 28 February 2019 |
| for |
| Moat (Plant Hire & Sales) Limited |
| Moat (Plant Hire & Sales) Limited (Registered number: 00557894) |
| Contents of the Financial Statements |
| for the Year Ended 28 February 2019 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Moat (Plant Hire & Sales) Limited |
| Company Information |
| for the Year Ended 28 February 2019 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| Moat (Plant Hire & Sales) Limited (Registered number: 00557894) |
| Balance Sheet |
| 28 February 2019 |
| 2019 | 2018 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investment property | 5 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | 9 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 10 |
| Capital redemption reserve |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the director on |
| Moat (Plant Hire & Sales) Limited (Registered number: 00557894) |
| Notes to the Financial Statements |
| for the Year Ended 28 February 2019 |
| 1. | STATUTORY INFORMATION |
| Moat (Plant Hire & Sales) Limited is a |
| company's registered number and registered office address can be found on the Company Information page. |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 |
| Freehold property | - |
| Plant and machinery | - |
| Motor vehicles | - |
| Investment property |
| Certain of the company's properties are held for long-term investment. Investment properties are accounted for |
| in accordance with FRS 102 and the Companies Act, as follows: |
| Depreciation is provided in respect of investment properties and they are revalued annually. The surplus or |
| deficit on revaluation is recognised in the profit and loss account for the year. |
| 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 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 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. |
| 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| Moat (Plant Hire & Sales) Limited (Registered number: 00557894) |
| Notes to the Financial Statements - continued |
| for the Year Ended 28 February 2019 |
| 4. | TANGIBLE FIXED ASSETS |
| Freehold | Plant and | Motor |
| property | machinery | vehicles | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 March 2018 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 28 February 2019 |
| DEPRECIATION |
| At 1 March 2018 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 28 February 2019 |
| NET BOOK VALUE |
| At 28 February 2019 |
| At 28 February 2018 |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 March 2018 |
| and 28 February 2019 |
| DEPRECIATION |
| At 1 March 2018 | 40,237 |
| Charge for year | 2,775 |
| At 28 February 2019 | 43,012 |
| NET BOOK VALUE |
| At 28 February 2019 |
| At 28 February 2018 |
| The investment property class fixed assets was revalued on 28 February 2019 by the director who is internal to |
| the company. The basis of this valuation was at open market value. This class of assets has a current value of |
| £95,697 (2018 - £98,472) and a carrying amount at historical cost of £138,709 (2018 - £138,709). The |
| depreciation of the historical cost is £43,012 (2018 - £40,237). |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Trade debtors |
| Due from group undertakings | 43,561 | 67,016 |
| Prepayments and accrued income |
| Moat (Plant Hire & Sales) Limited (Registered number: 00557894) |
| Notes to the Financial Statements - continued |
| for the Year Ended 28 February 2019 |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Corporation tax |
| Social security and other taxes |
| Other creditors |
| Accruals & deferred income |
| 8. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2019 | 2018 |
| £ | £ |
| Bank loans |
| 9. | PROVISIONS FOR LIABILITIES |
| 2019 | 2018 |
| £ | £ |
| Deferred tax | 55,968 | 69,414 |
| Deferred |
| tax |
| £ |
| Balance at 1 March 2018 |
| Provided during year | ( |
) |
| Balance at 28 February 2019 |
| The deferred tax balance is the difference between the accumulated depreciation and capital allowances. |
| 10. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2019 | 2018 |
| value: | £ | £ |
| Ordinary | £1 | 2,900 | 2,900 |
| 11. | ULTIMATE CONTROLLING PARTY |
| The ultimate controlling party is Mr M J Scully by virtue of his shareholding in Moat Plant Hire Limited. |
| 12. | ULTIMATE PARENT COMPANY |
| The ultimate parent company is Moat Plant Hire Limited. |