A & M Plant Hire Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04874877 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2018

for

A & M Plant Hire Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

G A Davies

E R Davies

SECRETARY:

G A Davies

REGISTERED OFFICE:

The Old Barn

Llanddarog Road

Carmarthen

Dyfed

SA32 8BG

REGISTERED NUMBER:

04874877 (England and Wales)

ACCOUNTANTS:

Eagle Accountancy (UK) Limited

2 Coracle Offices

St Catherine Street

Carmarthen

Carmarthenshire

SA31 1RD

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

346,243

319,405

346,243

319,405

CURRENT ASSETS

Stocks

6

293

-

Debtors

7

70,204

46,695

Cash at bank

15,342

11,183

85,839

57,878

CREDITORS

Amounts falling due within one year

8

98,451

59,044

NET CURRENT LIABILITIES

(12,612

)

(1,166

)

TOTAL ASSETS LESS CURRENT LIABILITIES

333,631

318,239

CREDITORS

Amounts falling due after more than one year

9

(79,678

)

(71,599

)

PROVISIONS FOR LIABILITIES

(65,786

)

(61,972

)

NET ASSETS

188,167

184,668

CAPITAL AND RESERVES

Called up share capital

75

75

Retained earnings

188,092

184,593

SHAREHOLDERS' FUNDS

188,167

184,668

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 17 September 2019 and were signed on its behalf by:

G A Davies - Director

E R Davies - Director

1.	STATUTORY INFORMATION

A & M 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

50% on reducing balance

Stocks & work in progress

Work in progress is valued at it's net realisable value and is based on time spent on jobs not yet invoiced as at the

balance sheet date.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

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 12 (2017 - 14 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2018

and 31 December 2018

17,250

AMORTISATION

At 1 January 2018

and 31 December 2018

17,250

NET BOOK VALUE

At 31 December 2018

-

At 31 December 2017

-

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2018

688,019

12,135

2,235

702,389

Additions

181,500

-

-

181,500

Disposals

(165,461

)

(2,140

)

(1,766

)

(169,367

)

At 31 December 2018

704,058

9,995

469

714,522

DEPRECIATION

At 1 January 2018

372,067

8,767

2,150

382,984

Charge for year

85,949

825

30

86,804

Eliminated on disposal

(97,696

)

(2,072

)

(1,741

)

(101,509

)

At 31 December 2018

360,320

7,520

439

368,279

NET BOOK VALUE

At 31 December 2018

343,738

2,475

30

346,243

At 31 December 2017

315,952

3,368

85

319,405

6.

STOCKS

31.12.18

31.12.17

£

£

Work-in-progress

293

-

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

£

Trade debtors

70,204

46,695

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

£

Hire purchase contracts

43,411

24,821

Trade creditors

13,578

17,418

Tax

7,588

8,847

Social security and other taxes

21,877

4,089

Other creditors

10,468

1,012

Directors' loan accounts

1,085

2,441

Accruals and deferred income

444

416

98,451

59,044

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.18

31.12.17

£

£

Hire purchase contracts

79,678

71,599