Mini One Plant Hire Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05161641 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2021

for

Mini One Plant Hire Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr George Sayers

SECRETARY:

REGISTERED OFFICE:

Herons Farm

Mancroft Road

Caddington

Luton

Bedfordshire

LU14DR

REGISTERED NUMBER:

05161641 (England and Wales)

ACCOUNTANTS:

Vatax Accounting LTD

1st Floor Office

65 Moor End

Edlesborough

Bedfordshire

LU6 2FL

FIXED ASSETS

Tangible assets

4

331,153

381,736

CURRENT ASSETS

Debtors

5

8,817

5,813

Cash at bank and in hand

44,025

4,000

52,842

9,813

CREDITORS

Amounts falling due within one year

6

(5,325

)

(13,358

)

NET CURRENT ASSETS/(LIABILITIES)

47,517

(3,545

)

TOTAL ASSETS LESS CURRENT LIABILITIES

378,670

378,191

CREDITORS

Amounts falling due after more than one year

7

(200,733

)

(192,072

)

NET ASSETS

177,937

186,119

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

177,936

186,118

SHAREHOLDERS' FUNDS

177,937

186,119

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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

The financial statements were approved by the director and authorised for issue on 14 February 2022 and were signed by:

Mr George Sayers - Director

1.	STATUTORY INFORMATION

Mini One Plant Hire Ltd 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

20% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 July 2020

85,781

586,910

672,691

Additions

-

28,653

28,653

Disposals

-

(52,160

)

(52,160

)

At 30 June 2021

85,781

563,403

649,184

DEPRECIATION

At 1 July 2020

-

290,955

290,955

Charge for year

-

61,343

61,343

Eliminated on disposal

-

(34,267

)

(34,267

)

At 30 June 2021

-

318,031

318,031

NET BOOK VALUE

At 30 June 2021

85,781

245,372

331,153

At 30 June 2020

85,781

295,955

381,736

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.21

30.6.20

£

£

Trade debtors

1,799

4,681

Other debtors

7,018

1,132

8,817

5,813

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.21

30.6.20

£

£

Bank loans and overdrafts

-

5,313

Trade creditors

5,325

4,436

Taxation and social security

-

3,609

5,325

13,358

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.21

30.6.20

£

£

Bank loans

50,000

-

Hire purchase contracts

37,500

52,500

Trade creditors

39,666

39,666

Other creditors

73,567

99,906

200,733

192,072

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

50,000

-