TECHNICAL_MAINS_HIRE_LIMI - Accounts

TECHNICAL MAINS HIRE LIMITED - Company Information

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Company Registration No. 04012806 (England and Wales)

TECHNICAL MAINS HIRE LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2014

TECHNICAL MAINS HIRE LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

TECHNICAL MAINS HIRE LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

267,566

298,472

Current assets

Debtors

6,546

829

Cash at bank and in hand

6,554

869

Creditors: amounts falling due within one year

(90,054)

(103,735)

Net current liabilities

(83,500)

(102,866)

Total assets less current liabilities

184,066

195,606

Creditors: amounts falling due after more than one year

(8,871)

(4,849)

Provisions for liabilities

(38,276)

(41,113)

136,919

149,644

Capital and reserves

Called up share capital

100

Revaluation reserve

70,963

92,799

Profit and loss account

65,856

56,745

Shareholders' funds

136,919

149,644

TECHNICAL MAINS HIRE LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 DECEMBER 2014

- 2 -

For the financial year ended 31 December 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 17 June 2015

J Singleton

Director

Company Registration No. 04012806

TECHNICAL MAINS HIRE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2014

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention modified to include the revaluation of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

10% straight line

Fixtures, fittings & equipment

10% straight line

Motor vehicles

10% straight line

The part of the annual depreciation charge on revalued assets which relates to the revaluation surplus is transferred from the revaluation reserve to the profit and loss account.

1.5

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

TECHNICAL MAINS HIRE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2014

- 4 -

Fixed assets

Tangible assets

Cost or valuation

At 1 January 2014

798,172

Additions

50,084

At 31 December 2014

848,256

Depreciation

At 1 January 2014

499,700

Charge for the year

80,990

At 31 December 2014

580,690

Net book value

At 31 December 2014

267,566

At 31 December 2013

298,472

Share capital

2014

2013

Allotted, called up and fully paid

100 ordinary of £1 each

100