Alpha Plant Hire Limited Filleted accounts for Companies House (small and micro)

Alpha Plant Hire Limited Filleted accounts for Companies House (small and micro)

ALPHA PLANT HIRE LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 02203916
Alpha Plant Hire Limited
Filleted Unaudited Abridged Financial Statements
31 December 2019
Alpha Plant Hire Limited
Abridged Financial Statements
Year Ended 31 December 2019
Contents
Pages
Abridged statement of financial position
1 to 2
Notes to the abridged financial statements
3 to 5
Alpha Plant Hire Limited
Abridged Statement of Financial Position
31 December 2019
2019
2018
Note
£
£
£
Fixed Assets
Tangible assets
5
4,978
6,112
Investments
6
1,515,789
1,515,789
------------
------------
1,520,767
1,521,901
Current Assets
Debtors
6,422
2,506
Cash at bank and in hand
1,847
25,207
-------
--------
8,269
27,713
Creditors: amounts falling due within one year
6,343
20,292
-------
--------
Net Current Assets
1,926
7,421
------------
------------
Total Assets Less Current Liabilities
1,522,693
1,529,322
Provisions
Taxation including deferred tax
( 50,000)
( 50,000)
------------
------------
Net Assets
1,472,693
1,479,322
------------
------------
Capital and Reserves
Called up share capital
7
1,000
1,000
Profit and loss account
1,471,693
1,478,322
------------
------------
Shareholders Funds
1,472,693
1,479,322
------------
------------
These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
For the year ending 31 December 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .
All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 31 December 2019 in accordance with Section 444(2A) of the Companies Act 2006.
Alpha Plant Hire Limited
Abridged Statement of Financial Position (continued)
31 December 2019
These abridged financial statements were approved by the board of directors and authorised for issue on 13 November 2020 , and are signed on behalf of the board by:
Mr J B Allfree
Director
Company registration number: 02203916
Alpha Plant Hire Limited
Notes to the Abridged Financial Statements
Year Ended 31 December 2019
1. General information
The company is a private company limited by shares, registered in England and Wales. The registered office is 91-97 Saltergate, Chesterfield, Derbyshire, S40 1LA. The business address is Shearcliffe. 75A Ashover Road, Old Tupton, Chesterfield, S42 6QH.
2. Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
The turnover shown in the profit and loss account represents amounts earned during the year.
Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
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:
Fixtures and Fittings
-
15% reducing balance
Motor vehicles
-
20% reducing balance
Investments
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.
Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
Impairment of fixed assets
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.
Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2018: 1 ).
5. Tangible assets
£
Cost
At 1 January 2019 and 31 December 2019
15,782
--------
Depreciation
At 1 January 2019
9,670
Charge for the year
1,134
--------
At 31 December 2019
10,804
--------
Carrying amount
At 31 December 2019
4,978
--------
At 31 December 2018
6,112
--------
6. Investments
Other investments other than loans
£
Cost
At 1 January 2019 and 31 December 2019
1,515,789
------------
Impairment
At 1 January 2019 and 31 December 2019
–
------------
Carrying amount
At 31 December 2019
1,515,789
------------
At 31 December 2018
1,515,789
------------
The directors consider the value of the investment properties, included in the financial statements at an amount of £1,487,038, to be an open market value as at 31 December 2018 based on a valuation carried out by Bothams Independent Estate Agents, Chartered Surveyors and Valuers of Chesterfield in December 2016.
7. Called up share capital
Issued, called up and fully paid
2019
2018
No.
£
No.
£
A shares of £ 1 each
500
500
500
500
B shares of £ 1 each
500
500
500
500
-------
-------
-------
-------
1,000
1,000
1,000
1,000
-------
-------
-------
-------