GRAY PLANT HIRE LIMITED 28/02/2019 iXBRL
GRAY PLANT HIRE LIMITED 28/02/2019 iXBRL
Unaudited filleted financial statements
Company registration number
04753588
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
Directors and other information
Directors | |||
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(Appointed 22 March 2019) | ||
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(Appointed 22 March 2019) | ||
Company number |
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Registered office |
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Business address |
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Accountants |
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4 Bloors Lane | |||
Rainham | |||
Gillingham | |||
Kent | |||
Statement of financial position
28 February 2019
28/02/19 | 28/02/18 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Tangible assets | 5 |
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_______ | _______ | ||||||||
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Current assets | |||||||||
Stocks |
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Debtors | 6 |
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Creditors: amounts falling due | |||||||||
within one year | 7 |
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Net current liabilities |
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Total assets less current liabilities |
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Creditors: amounts falling due | |||||||||
after more than one year | 8 |
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Net liabilities |
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Capital and reserves | |||||||||
Called up share capital |
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Profit and loss account |
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Shareholders deficit |
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Directors responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
20 November 2019
, and are signed on behalf of the board by:
Director
Company registration number:
04753588
Notes to the financial statements
Year ended 28 February 2019
1.
General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 4 Bloors Lane, Rainham, Gillingham, Kent, ME8 7EG.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Going concern
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
Taxation
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery | - |
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Fittings fixtures and equipment | - |
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Motor vehicles | - |
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Property improvements | - |
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reducing balance | |
Other tangible assets | - | reducing balance | ||
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Stocks
Government grants
Financial instruments
Defined contribution plans
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
6
(2018:
6
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5.
Tangible assets
Plant and machinery | Fixtures, fittings and equipment | Motor vehicles | Property improvements | Total | ||
£ | £ | £ | £ | £ | ||
Cost | ||||||
At 1 March 2018 |
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Additions | 13,500 | - | - | - | 13,500 | |
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At 28 February 2019 |
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Depreciation | ||||||
At 1 March 2018 |
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Charge for the year |
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At 28 February 2019 |
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Carrying amount | ||||||
At 28 February 2019 |
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At 28 February 2018 |
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6.
Debtors
28/02/19 | 28/02/18 | |||
£ | £ | |||
Trade debtors |
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Other debtors |
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7.
Creditors: amounts falling due within one year
28/02/19 | 28/02/18 | |||
£ | £ | |||
Bank loans and overdrafts |
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Trade creditors |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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Social security and other taxes |
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Other creditors |
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8.
Creditors: amounts falling due after more than one year
28/02/19 | 28/02/18 | |||
£ | £ | |||
Other creditors |
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9.
Operating leases
The company as lessee
The total future minimum lease payments under non-cancellable operating leases are as follows:
£ | £ | |
Not later than 1 year |
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Later than 1 year and not later than 5 years |
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10.
Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company: | |||||
Year ended 28/02/19 | |||||
Balance brought forward | Advances /(credits) to the directors | Amounts repaid | Balance o/standing | ||
£ | £ | £ | £ | ||
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Period ended 28/02/18 | |||||
Balance brought forward | Advances /(credits) to the directors | Amounts repaid | Balance o/standing | ||
£ | £ | £ | £ | ||
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11.
Related party transactions
During the year the company entered into the following transactions with related parties:
Transaction value | Balance owed by/(to) | ||||
Year | Period | Year | Period | ||
ended | ended | ended | ended | ||
28/02/19 | 28/02/18 | 28/02/19 | 28/02/18 | ||
£ | £ | £ | £ | ||
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_______ | _______ | _______ | _______ | ||