Diamond Plant Hire Ltd,Ltd - AccountsLtd - Accounts

Diamond Plant Hire Ltd,Ltd - AccountsLtd - Accounts

DIAMOND PLANT HIRE LIMITED - Company Information

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2019-05-31 12026737 2020-05-31 12026737 2019-05-31 2020-05-31 12026737 uk-core:WithinOneYear 2020-05-31 12026737 uk-core:ShareCapital 2020-05-31 12026737 uk-core:RetainedEarningsAccumulatedLosses 2020-05-31 12026737 uk-bus:Director1 2019-05-31 2020-05-31 12026737 uk-core:PlantMachinery 2019-05-31 2020-05-31 iso4217:GBP xbrli:pure 12026737 uk-bus:AuditExemptWithAccountantsReport 2019-05-31 2020-05-31 12026737 uk-bus:FRS102 2019-05-31 2020-05-31 12026737 uk-bus:FullAccounts 2019-05-31 2020-05-31 12026737 uk-bus:PrivateLimitedCompanyLtd 2019-05-31 2020-05-31
Diamond Plant Hire Ltd
Registered Number:12026737
For the period 31 May 2019 to 31 May 2020
England and Wales
Unaudited Financial Statements
2
For the period 31 May 2019 to 31 May 2020
Diamond Plant Hire Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
12026737
As at 31 May 2020
Diamond Plant Hire Ltd
Statement of Financial Position
£
2020
Notes
Fixed assets
Property, plant and equipment
7,760
2
7,760
Trade and other payables: amounts falling due within one year
(9,727)
3
(9,727)
Net current liabilities
Total assets less current liabilities
(1,967)
376
Provisions for liabilities
(1,591)
Net assets/liabilities
Capital and reserves
Called up share capital
10
Retained earnings
(1,601)
(1,591)
Shareholders' funds
For the period 31 May 2019 to 31 May 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 period 31 May 2019 to 31 May 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 Gary Cotton Director
These financial statements were approved and authorised for issue by the Board on 27 April 2021 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the period 31 May 2019 to 31 May 2020
Diamond Plant Hire Ltd
Notes to the Financial Statements
Statutory Information
Diamond Plant Hire Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number
12026737.
Registered address:
Unit 1, Whieldon Road Industrial Estate
Whieldon Road
Stoke on Trent
Staffordshire
ST4 4JP
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, 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
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.
2. Property, plant and equipment
Plant and
Machinery
£
Cost or valuation
9,700
Additions
At 31 May 2020
9,700
Provision for depreciation and impairment
Charge for period
1,940
At 31 May 2020
1,940
At 31 May 2020
Net book value
7,760
2 of 3
5
For the period 31 May 2019 to 31 May 2020
Diamond Plant Hire Ltd
Notes to the Financial Statements Continued
3. Trade and other payables: amounts falling due within one year
2020
£
Other creditors
9,727
4. Related party transactions
Included within other creditors is the directors loan account balance of £9,247. This loan is interest free and has no fixed date
of repayment.
5. Average number of persons employed
During the year the average number of employees was 1
3 of 3