D Crane Plant Hire Limited Small abbreviated accounts

D CRANE PLANT HIRE LIMITED - Company Information

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COMPANY REGISTRATION NUMBER 08795268

D CRANE PLANT HIRE LIMITED

UNAUDITED ABBREVIATED ACCOUNTS

31 March 2015

D CRANE PLANT HIRE LIMITED

ABBREVIATED BALANCE SHEET

31 March 2015

	31 Mar 15
Note	£	£
FIXED ASSETS	2
Intangible assets		66,250
Tangible assets		371,431
		----------
		437,681

CURRENT ASSETS

Debtors	128,737
Cash at bank and in hand	32,176
	----------
	160,913
CREDITORS: Amounts falling due within one year	3	141,092
		----------
NET CURRENT ASSETS		19,821
		----------
TOTAL ASSETS LESS CURRENT LIABILITIES		457,502

CREDITORS: Amounts falling due after more than one year	4		331,538

PROVISIONS FOR LIABILITIES		70,874
		----------
		55,090
		----------

CAPITAL AND RESERVES

Called up equity share capital	5		100
Profit and loss account		54,990
		---------
SHAREHOLDERS' FUNDS		55,090
		---------

For the period from 28 November 2013 to 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These abbreviated accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime.

These abbreviated accounts were approved by the directors and authorised for issue on 14 August 2015 , and are signed on their behalf by:

S.J. Crane

Company Registration Number: 08795268

D CRANE PLANT HIRE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

PERIOD FROM 28 NOVEMBER 2013 TO 31 MARCH 2015

1. ACCOUNTING POLICIES

(a) Basis of accounting

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).

(b) Turnover

The turnover shown in the profit and loss account represents amounts invoiced during the period, exclusive of Value Added Tax.

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Goodwill - Over 10 years

(d) Fixed assets

All fixed assets are initially recorded at cost.

(e) Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Plant & Machinery - 15% per annum reducing balance

Motor Vehicles - 25% per annum reducing balance

Fixtures, Fittings & Equipment - 10% per annum reducing balance

(f) Hire purchase agreements

Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair value. The capital element of the future payments is treated as a liability and the interest is charged to the profit and loss account on a straight line basis.

(g) Pension costs

The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.

(h) Deferred taxation

Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.

Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.

Deferred tax assets and liabilities are not discounted.

2. FIXED ASSETS

Intangible Assets	Tangible Assets	Total
£	£	£

COST

Additions	75,000	456,902	531,902
Disposals	–	( 26,862)	(26,862)
	---------	----------	----------
At 31 March 2015	75,000	430,040	505,040
	---------	----------	----------

DEPRECIATION

Charge for period	8,750	58,964	67,714
On disposals	–	( 355)	(355)
	-------	---------	---------
At 31 March 2015	8,750	58,609	67,359
	-------	---------	---------

NET BOOK VALUE

At 31 March 2015	66,250	371,431	437,681
	---------	----------	----------

At 27 November 2013	–	–	–
	---------	----------	----------

3. CREDITORS: Amounts falling due within one year

The following liabilities disclosed under creditors falling due within one year are secured by the company:

	31 Mar 15
	£
Hire purchase agreements	41,675
	---------

4. CREDITORS: Amounts falling due after more than one year

The following liabilities disclosed under creditors falling due after more than one year are secured by the company:

	31 Mar 15
	£
Hire purchase agreements	56,538
	---------

5. SHARE CAPITAL

Allotted and called up:

No	£
Ordinary shares of £ 1 each	100	100
	----	----
	100	100
	----	----