Turner Tool Hire Limited - Limited company - abbreviated - 11.6
Turner Tool Hire Limited - Limited company - abbreviated - 11.6
| REGISTERED NUMBER: |
| ABBREVIATED UNAUDITED ACCOUNTS |
| FOR THE YEAR ENDED 31 DECEMBER 2014 |
| FOR |
| TURNER TOOL HIRE LIMITED |
| TURNER TOOL HIRE LIMITED (REGISTERED NUMBER: 01308726) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31 DECEMBER 2014 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| TURNER TOOL HIRE LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 DECEMBER 2014 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certified Accountants |
| TURNER TOOL HIRE LIMITED (REGISTERED NUMBER: 01308726) |
| ABBREVIATED BALANCE SHEET |
| 31 DECEMBER 2014 |
| 31/12/13 | 31/12/14 |
| £ | £ | Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash in hand |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| ( |
) | Amounts falling due after more than one year |
( |
) |
| ( |
) | PROVISIONS FOR LIABILITIES | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 3 |
| Share premium |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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. |
| TURNER TOOL HIRE LIMITED (REGISTERED NUMBER: 01308726) |
| ABBREVIATED BALANCE SHEET - continued |
| 31 DECEMBER 2014 |
| The financial statements were approved by the Board of Directors on behalf by: |
| TURNER TOOL HIRE LIMITED (REGISTERED NUMBER: 01308726) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31 DECEMBER 2014 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention and in accordance |
| with the Financial Reporting Standard for Smaller Entities (effective April 2008). |
| Turnover |
| Turnover represents net invoiced sales of goods, excluding value added tax. |
| Tangible fixed assets |
| Improvements to property | - |
| Hire fleet | - |
| Motor vehicles | - |
| Office equipment | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for |
| obsolete and slow moving items. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
| the balance sheet date. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme in respect of the directors. The scheme |
| and its assets are held by independent managers. The pension charge represents contributions due |
| from the company and amounted to £1,656 (2013 - £1,656). |
| Leasing and hire purchase commitments |
| Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets |
| and depreciated over the shorter of the lease term or their useful lives. Obligations under such |
| agreements are included in creditors net of the finance charge allocated to future periods. The |
| finance element of the rental payment is charged to the profit and loss account so as to produce |
| constant periodic rates of charge on the net obligations outstanding in each period. |
| TURNER TOOL HIRE LIMITED (REGISTERED NUMBER: 01308726) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2014 |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 January 2014 |
| Additions |
| Disposals | ( |
) |
| At 31 December 2014 |
| DEPRECIATION |
| At 1 January 2014 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 31 December 2014 |
| NET BOOK VALUE |
| At 31 December 2014 |
| At 31 December 2013 |
| 3. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31/12/14 | 31/12/13 |
| value: | £ | £ |
| NIL | Ordinary | £1 |
| (31/12/13 - |
| Ordinary A | £1 |
| Ordinary B | £1 |
| 1,125 | 1,125 |
| During the year it was resolved that the ordinary share capital of 1,125 shares be redesignated as |
| 1,000 ordinary A shares and 125 ordinary B shares. |
| 4. | ULTIMATE PARENT COMPANY |
| The company is ultimately owned by Heddon Holdings Ltd, as it holds 1,000 shares of the 1,125 that |
| are issued. |
| TURNER TOOL HIRE LIMITED (REGISTERED NUMBER: 01308726) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2014 |
| 5. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to directors subsisted during the years ended 31 December 2014 |
| and 31 December 2013: |
| 31/12/14 | 31/12/13 |
| £ | £ |
| Balance outstanding at start of year | ( |
) | ( |
) |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Balance outstanding at end of year | ( |
) | ( |
) |
| Balance outstanding at start of year | ( |
) | ( |
) |
| Amounts repaid |
| Balance outstanding at end of year | ( |
) | ( |
) |
| Balance outstanding at start of year | ( |
) | ( |
) |
| Amounts repaid |
| Balance outstanding at end of year | ( |
) | ( |
) |
| 6. | RELATED PARTY DISCLOSURES |
| The company rents its premises from and paid a management charge to its parent company, Heddon |
| Holdings Limited of £50,000 (2013 - £40,000). |
| At the balance sheet date a total of £113,138 was owing from Heddon Holdings Limited to Turner |
| Tool Hire Limited. |