Essex Plant Services Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05232843 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2020

for

Essex Plant Services Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs M M Lynch

Mr J A Lynch

REGISTERED OFFICE:

Top Floor

Claridon House

London Road

Stanford Le Hope

Essex

SS17 0JU

REGISTERED NUMBER:

05232843 (England and Wales)

ACCOUNTANTS:

Vortex Accountants LLP

Claridon House

London Road

Stanford Le Hope

Essex

SS17 0JU

FIXED ASSETS

Tangible assets

4

510,694

333,359

CURRENT ASSETS

Debtors

5

471,244

266,141

Cash at bank

11,216

1,339

482,460

267,480

CREDITORS

Amounts falling due within one year

6

895,522

560,599

NET CURRENT LIABILITIES

(413,062

)

(293,119

)

TOTAL ASSETS LESS CURRENT LIABILITIES

97,632

40,240

CREDITORS

Amounts falling due after more than one year

7

109,971

49,288

NET LIABILITIES

(12,339

)

(9,048

)

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

(13,339

)

(10,048

)

SHAREHOLDERS' FUNDS

(12,339

)

(9,048

)

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 5 January 2021 and were signed on its behalf by:

Mrs M M Lynch - Director

1.	STATUTORY INFORMATION

Essex Plant Services 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

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 April 2019

431,112

121,259

552,371

Additions

102,718

176,196

278,914

At 31 March 2020

533,830

297,455

831,285

DEPRECIATION

At 1 April 2019

185,844

33,168

219,012

Charge for year

67,168

34,411

101,579

At 31 March 2020

253,012

67,579

320,591

NET BOOK VALUE

At 31 March 2020

280,818

229,876

510,694

At 31 March 2019

245,268

88,091

333,359

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

435,336

220,157

VAT

16,311

-

Prepayments

19,597

45,984

471,244

266,141

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Hire purchase contracts

168,645

180,680

Trade creditors

(1

)

179

Amounts owed to associates

717,881

369,275

Tax

-

2,515

VAT

-

1,852

Other creditors

4,899

2,800

Directors' current accounts

2,098

1,098

Accrued expenses

2,000

2,200

895,522

560,599

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2020

2019

£

£

Hire purchase contracts

109,971

49,288

8.	GOING CONCERN

The directors consider that, notwithstanding the company's negative net assets position

it is appropriate to prepare the accounts on a going concern basis as the company will

be able to meet its liabilities as they fall due, due to the continuing support of the director.