S. Leonard Plant Hire & Haulage Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05264451 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2021

FOR

S. LEONARD PLANT HIRE & HAULAGE LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr S Leonard

SECRETARY:

Mrs D M Leonard

REGISTERED OFFICE:

2 Mountside

Stanmore

Middlesex

HA7 2DT

BUSINESS ADDRESS:

47 Chinnor Crescent

Greenford

Middlesex

UB6 9NZ

REGISTERED NUMBER:

05264451 (England and Wales)

ACCOUNTANTS:

Mountsides Limited

Chartered Accountants

2 Mountside

Stanmore

Middlesex

HA7 2DT

FIXED ASSETS

Tangible assets

5

111,576

127,418

CURRENT ASSETS

Debtors

53,220

28,189

Cash at bank

20,216

4,399

73,436

32,588

CREDITORS

Amounts falling due within one year

(73,407

)

(62,719

)

NET CURRENT ASSETS/(LIABILITIES)

29

(30,131

)

TOTAL ASSETS LESS CURRENT LIABILITIES

111,605

97,287

CREDITORS

Amounts falling due after more than one year

6

(74,763

)

(39,994

)

PROVISIONS FOR LIABILITIES

(21,199

)

(24,209

)

NET ASSETS

15,643

33,084

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

15,543

32,984

SHAREHOLDERS' FUNDS

15,643

33,084

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 April 2021 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 January 2022 and were signed by:

Mr S Leonard - Director

1.	STATUTORY INFORMATION

S. Leonard Plant Hire & Haulage Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention.

TURNOVER

Turnover represents amounts invoiced for plant hire and haulage services supplied during the period, net of value added tax.

Turnover has also been recognised in respect of on-going services, with the value of work completed but unbilled at the balance sheet date being taken to turnover and the associated costs, where not invoiced at that date, being accrued for.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

GOVERNMENT GRANTS

Government grants are recognised at fair value when there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.

Grants related to purchase of assets are treated as deferred income and allocated to income statement over the useful lives of the related assets while grants related to expenses are treated as other income in the income statement.

TAXATION

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

HIRE PURCHASE AND LEASING COMMITMENTS

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2020 - 3 ) .

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 May 2020

405,724

Additions

23,977

Disposals

(19,959

)

At 30 April 2021

409,742

DEPRECIATION

At 1 May 2020

278,306

Charge for year

37,192

Eliminated on disposal

(17,332

)

At 30 April 2021

298,166

NET BOOK VALUE

At 30 April 2021

111,576

At 30 April 2020

127,418

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST

At 1 May 2020

and 30 April 2021

162,000

DEPRECIATION

At 1 May 2020

76,488

Charge for year

21,378

At 30 April 2021

97,866

NET BOOK VALUE

At 30 April 2021

64,134

At 30 April 2020

85,512

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

2021

2020

£

£

Repayable by instalments

Bank loans more 5 yr by instal

750

-

7.	SECURED DEBTS

The following secured debts are included within creditors:

2021

2020

£

£

Hire purchase contracts

62,849

74,888

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2021

2020

value:

£

£

100

Ordinary

£1.00

100

100

9.	EVENTS AFTER THE REPORTING PERIOD

In early 2020 the UK was hit by the full impact of the global Coronavirus Covid-19 pandemic, which in turn has had a severe effect on the entire UK and global economy. Up to the date of approval of these financial statements the pandemic remains prevalent throughout the UK and the Rest of the World. The director has reviewed the liquidity position and future financial requirements of the company and he believes it is suitably equipped to continue to operate throughout the ongoing pandemic.