Pearce Plant Hire Ltd - Accounts to registrar (filleted) - small 18.2

Pearce Plant Hire Ltd - Accounts to registrar (filleted) - small 18.2

PEARCE PLANT HIRE LTD - Company Information

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REGISTERED NUMBER: 08954541 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2020

FOR

PEARCE PLANT HIRE LTD
PEARCE PLANT HIRE LTD (REGISTERED NUMBER: 08954541)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2020




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PEARCE PLANT HIRE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2020







DIRECTORS: A D Pearce
Mrs S L Pearce





SECRETARY: S Pearce





REGISTERED OFFICE: Old Bank
The Triangle
Paulton
Bristol
BS39 7LE





REGISTERED NUMBER: 08954541 (England and Wales)





ACCOUNTANTS: Peregrine
Chartered Accountants
Old Bank
The Triangle
Paulton
Bristol
BS39 7LE
Page 1
PEARCE PLANT HIRE LTD (REGISTERED NUMBER: 08954541)

BALANCE SHEET
31 MARCH 2020

2020 2019
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,499 12,666

CURRENT ASSETS
Debtors 5 50,625 59,384
Cash at bank and in hand 176 3,519
50,801 62,903
CREDITORS
Amounts falling due within one year 6 15,986 18,228
NET CURRENT ASSETS 34,815 44,675
TOTAL ASSETS LESS CURRENT
LIABILITIES
44,314
57,341

CREDITORS
Amounts falling due after more than one
year
7
16,972
33,022
NET ASSETS 27,342 24,319

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 27,341 24,318
SHAREHOLDERS' FUNDS 27,342 24,319

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 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 and authorised for issue on 6 November 2020 and were signed on its behalf by:





A D Pearce - Director


The notes form part of these financial statements

Page 2
PEARCE PLANT HIRE LTD (REGISTERED NUMBER: 08954541)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2020

1. STATUTORY INFORMATION

Pearce Plant Hire Ltd 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.

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 etc - 25% on reducing balance

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 NIL (2019 - 1 ).

Page 3 continued...
PEARCE PLANT HIRE LTD (REGISTERED NUMBER: 08954541)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2020

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2019
and 31 March 2020 20,013
DEPRECIATION
At 1 April 2019 7,347
Charge for year 3,167
At 31 March 2020 10,514
NET BOOK VALUE
At 31 March 2020 9,499
At 31 March 2019 12,666

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Trade debtors 50,625 59,384

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Taxation and social security 15,385 16,607
Other creditors 601 1,621
15,986 18,228

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2020 2019
£    £   
Other creditors 16,972 33,022

Page 4