Mini One Plant Hire Limited,Ltd - AccountsLtd - Accounts

Mini One Plant Hire Limited,Ltd - AccountsLtd - Accounts

MINI ONE PLANT HIRE LIMITED - Company Information

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2019-07-01 05161641 2020-06-30 05161641 2019-07-01 2020-06-30 05161641 2019-06-30 05161641 2018-07-01 2019-06-30 05161641 uk-core:WithinOneYear 2019-06-30 05161641 uk-core:WithinOneYear 2020-06-30 05161641 uk-core:AfterOneYear 2019-06-30 05161641 uk-core:AfterOneYear 2020-06-30 05161641 uk-core:ShareCapital 2020-06-30 05161641 uk-core:ShareCapital 2019-06-30 05161641 uk-core:RetainedEarningsAccumulatedLosses 2020-06-30 05161641 uk-core:RetainedEarningsAccumulatedLosses 2019-06-30 05161641 uk-bus:Director1 2019-07-01 2020-06-30 05161641 uk-core:PlantMachinery 2019-07-01 2020-06-30 05161641 uk-core:PlantMachinery 2019-06-30 05161641 uk-core:Buildings 2019-06-30 05161641 uk-core:Buildings 2019-07-01 2020-06-30 05161641 uk-core:Buildings 2020-06-30 05161641 uk-core:PlantMachinery 2020-06-30 05161641 uk-core:WithinOneYear 2020-06-30 05161641 uk-core:WithinOneYear 2019-06-30 iso4217:GBP xbrli:pure 05161641 uk-bus:AuditExemptWithAccountantsReport 2019-07-01 2020-06-30 05161641 uk-bus:FRS102 2019-07-01 2020-06-30 05161641 uk-bus:FullAccounts 2019-07-01 2020-06-30 05161641 uk-bus:PrivateLimitedCompanyLtd 2019-07-01 2020-06-30
Mini One Plant Hire Limited
Registered Number:05161641
For the year ended 30 June 2020
England and Wales
Unaudited Financial Statements
2
For the year ended 30 June 2020
Mini One Plant Hire Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
05161641
As at 30 June 2020
Mini One Plant Hire Limited
Statement of Financial Position
£
£
2019
2020
Notes
Fixed assets
Property, plant and equipment
381,736
364,540
2
381,736
364,540
Current assets
Trade and other receivables
7,955
5,812
3
2,000
Cash and cash equivalents
4,000
9,812
9,955
Trade and other payables: amounts falling due within one
year
(7,974)
(13,357)
4
1,981
(3,545)
Net current liabilities
Total assets less current liabilities
378,191
366,521
Trade and other payables: amounts falling due after more
than one year
(186,637)
(192,072)
5
186,119
Net assets
179,884
Capital and reserves
Called up share capital
1
1
Retained earnings
186,118
179,883
186,119
179,884
Shareholders' funds
For the year ended 30 June 2020 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2020 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr G H Sayers Director
These financial statements were approved and authorised for issue by the Board on 17 March 2021 and were signed by:
The notes form part of these financial statements
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4
For the year ended 30 June 2020
Mini One Plant Hire Limited
Notes to the Financial Statements
Statutory Information
Mini One Plant Hire Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 05161641.
Registered address:
Herans Farm
Mancroft Road
Aley Green
Luton
LU1 4DR
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
20% Reducing balance
No depreciation is provided on the company''s freehold properties since in the opinion of the directors the expected
useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation
would be immaterial. The directors undertake an annual impairment review of these properties.
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a method giving a constant rate of return on the balance outstanding.
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5
For the year ended 30 June 2020
Mini One Plant Hire Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Plant and
machinery
Land and
buildings
£
£
£
Cost or
valuation
At 01 July 2019
594,972
543,328
51,644
102,175
68,038
34,137
Additions
(24,456)
-
Disposals
(24,456)
At 30 June 2020
85,781
586,910
672,691
Provision for depreciation and impairment
At 01 July 2019
230,432
230,432
-
Charge for year
73,989
73,989
-
(13,466)
(13,466)
-
On disposal
At 30 June 2020
290,955
290,955
-
At 30 June 2020
Net book value
85,781
295,955
381,736
At 30 June 2019
51,644
312,896
364,540
3. Trade and other receivables
2019
2020
£
£
Trade debtors
4,680
3,900
Other debtors
1,132
4,055
7,955
5,812
4. Trade and other payables: amounts falling due within one year
2019
2020
£
£
Bank loans and overdraft
5,313
4,304
Trade creditors
4,435
2,170
Taxation and social security
3,609
-
Other creditors
-
1,500
13,357
7,974
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6
For the year ended 30 June 2020
Mini One Plant Hire Limited
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due after more than one year
2019
2020
£
£
Trade creditors
39,666
30,341
Other creditors
152,406
156,296
192,072
186,637
6. Average number of persons employed
During the year the average number of employees was 1 (2019 : 1)
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