Plant - Haul ( Lanarkshire ) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC438746 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2018

FOR

PLANT - HAUL ( LANARKSHIRE ) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

6

DIRECTOR:

J Gray

SECRETARY:

J Gray

REGISTERED OFFICE:

10 Whitehill Crescent

Lanark

Lanarkshire

ML11 9HG

REGISTERED NUMBER:

SC438746 (Scotland)

ACCOUNTANTS:

G. Ingram and Company Limited

8 Abbeygreen

Lesmahagow

South Lanarkshire

ML11 0DB

FIXED ASSETS

Tangible assets

4

16,028

18,922

CURRENT ASSETS

Stocks

1,000

1,000

Debtors

5

13,266

10,104

Cash at bank and in hand

14,831

19,869

29,097

30,973

CREDITORS

Amounts falling due within one year

6

13,592

15,943

NET CURRENT ASSETS

15,505

15,030

TOTAL ASSETS LESS CURRENT LIABILITIES

31,533

33,952

CREDITORS

Amounts falling due after more than one year

7

3,333

6,667

NET ASSETS

28,200

27,285

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

28,100

27,185

SHAREHOLDERS' FUNDS

28,200

27,285

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 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 25 September 2019 and were signed by:

J Gray - Director

1.	STATUTORY INFORMATION

Plant - Haul ( Lanarkshire ) Limited is a private company, limited by shares , registered in Scotland. 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.

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

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

20% on reducing balance

Stocks

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks to their present location and condition.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2018

22,750

765

1,961

25,476

Additions

-

-

1,115

1,115

At 31 December 2018

22,750

765

3,076

26,591

DEPRECIATION

At 1 January 2018

4,853

451

1,250

6,554

Charge for year

3,580

63

366

4,009

At 31 December 2018

8,433

514

1,616

10,563

NET BOOK VALUE

At 31 December 2018

14,317

251

1,460

16,028

At 31 December 2017

17,897

314

711

18,922

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

£

Trade debtors

13,266

9,954

Other debtors

-

150

13,266

10,104

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

£

Trade creditors

2,652

3,343

Taxation and social security

10,689

12,046

Other creditors

251

554

13,592

15,943

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.18

31.12.17

£

£

Hire purchase contracts

3,333

6,667

8.	DIRECTORS ADVANCES, CREDITS AND GUARANTEES

Included in other creditors is a loan from the directors of £251 ( 2017 : £404 ) which is interest free and

repayable on demand.

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2018 set out on pages nil to nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

G. Ingram and Company Limited

8 Abbeygreen

Lesmahagow

South Lanarkshire

ML11 0DB

Date: .............................................