ANVIL HIRE LIMITED

ANVIL HIRE LIMITED

ANVIL HIRE LIMITED - Company Information

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ANVIL HIRE LIMITED

Company Registration Number:
02796436 (England and Wales)

Unaudited abridged accounts for the year ended 30 April 2021

Period of accounts

Start date: 30 April 2020

End date: 30 April 2021

ANVIL HIRE LIMITED

Contents of the Financial Statements

for the Period Ended 30 April 2021

Balance sheet
Notes

ANVIL HIRE LIMITED

Balance sheet

As at 30 April 2021


Notes
2021
2020


£
£
Fixed assets
Tangible assets: 3 3,161,762 3,176,049
Total fixed assets: 3,161,762 3,176,049
Current assets
Stocks: 14,254 13,539
Debtors:   2,902,667 2,777,737
Cash at bank and in hand: 22,046 38,508
Total current assets: 2,938,967 2,829,784
Creditors: amounts falling due within one year: 4 (2,050,793) (2,196,331)
Net current assets (liabilities): 888,174 633,453
Total assets less current liabilities: 4,049,936 3,809,502
Creditors: amounts falling due after more than one year: 5 (1,112,456) (1,116,702)
Total net assets (liabilities): 2,937,480 2,692,800
Capital and reserves
Called up share capital: 9,500 9,500
Other reserves: 500 500
Profit and loss account: 2,927,480 2,682,800
Shareholders funds: 2,937,480 2,692,800

The notes form part of these financial statements

ANVIL HIRE LIMITED

Balance sheet statements

For the year ending 30 April 2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 17 February 2022
and signed on behalf of the board by:

Name: Mr Robert Brown
Status: Director

The notes form part of these financial statements

ANVIL HIRE LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2021

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover consists of the net invoiced value of goods and services supplied in the ordinary course of business net of discounts and excluding VAT.

Tangible fixed assets and depreciation policy

Tangible fixed assets are initially recorded at cost and subsequently revalued/impaired where appropriate. Depreciation has been calculated to write off the cost of fixed assets, less residual value, over their estimated useful lives, by the straight-line method from the date of acquisition at the following annual rates:Plant and machinery - 25% - 100%Freehold land and buildings - 25%Motor vehicles - 25%

ANVIL HIRE LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2021

2. Employees

2021 2020
Average number of employees during the period 26 25

ANVIL HIRE LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2021

3. Tangible Assets

Total
Cost £
At 30 April 2020 7,979,511
Additions 516,808
Disposals (209,308)
At 30 April 2021 8,287,011
Depreciation
At 30 April 2020 4,803,462
Charge for year 515,681
On disposals (193,894)
At 30 April 2021 5,125,249
Net book value
At 30 April 2021 3,161,762
At 29 April 2020 3,176,049

ANVIL HIRE LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2021

4. Creditors: amounts falling due within one year note

Creditors - amounts falling due within one year include:£5,139 (2020: £nil) in respect of the Government supported Bounce Back loan which is unsecured.£478,160 (2020: £473,323) in respect of hire purchase creditors, these amounts are all repayable in less than five years and are secured on certain fixed assets of the business.

ANVIL HIRE LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2021

5. Creditors: amounts falling due after more than one year note

Creditors - amounts falling due after one year include:£44,861 (2020: £nil) in respect of the Government supported Bounce Back loan which is unsecured.£1,067,595 (2020: £1,116,702) in respect of hire purchase creditors, these amounts are all repayable in less than five years and are secured on certain fixed assets of the business.

ANVIL HIRE LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2021

6. Related party transactions

During the financial period, the company made sales (including recharges of expenditure) to the following related companies which are fellow subsidiaries of J and O Group Limited : Specialist Tube Supplies Limited - £7,322 (2020:£209,789) Specialist Rebar Supplies Limited - £94,842 (2020:£62,162) During the financial period, the company made purchases (including in relation to the recharge of expenditure) from the following related companies which are fellow subsidiaries of J and O Group Limited : J and O Group Limited £nil (2020:£51,027)Included within debtors are amounts due from the following related companies:Chargill Limited - £1,985,996 (2020:£1,968,314)Specialist Rebar Supplies Limited - £49,681 (2020 £3,361)J and O Group Limited - £82,500 (2020:£nil)Included within creditors are amounts due to the following related companies:Specialist Tube Supplies Limited - £727,561 (2020:£558,311)Specialist Rebar Supplies Limited - £10,000 (2020:£10,000)J and O Group Limited - £13,980 (2020:£9,000)Chargill Limited - £127,844 (2020:£195)