Freewater Plant Hire Limited - Abbreviated accounts

FREEWATER PLANT HIRE LIMITED - Company Information

Registered number

03717110

Freewater Plant Hire Limited

Abbreviated Accounts

31 March 2015

Freewater Plant Hire Limited
Registered number:		03717110
Abbreviated Balance Sheet
as at 31 March 2015

Notes			2015			2014
£				£
Fixed assets
Tangible assets	2		57,594			38,803
Investments	3		5,180			5,764
			62,774			44,567

Current assets
Debtors		23,214			22,816
Cash at bank and in hand		49,598			63,863
		72,812			86,679

Creditors: amounts falling due within one year		(40,781)			(35,034)

Net current assets			32,031			51,645

Total assets less current liabilities			94,805			96,212

Creditors: amounts falling due after more than one year			(10,200)			-



Net assets			84,605			96,212

Capital and reserves
Called up share capital	4		100			100
Profit and loss account			84,505			96,112

Shareholder's funds			84,605			96,212

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



T J O'Brien
Director
Approved by the board on 23 November 2015

Freewater Plant Hire Limited
Notes to the Abbreviated Accounts
for the year ended 31 March 2015

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

	Turnover
	Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Plant and machinery			25% reducing balance

	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

	Leasing and hire purchase commitments
	Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Rentals paid under operating leases are charged to income on a straight line basis over the lease term.

2	Tangible fixed assets					£

	Cost
	At 1 April 2014					312,340
	Additions					34,000
	At 31 March 2015					346,340

	Depreciation
	At 1 April 2014					273,537
	Charge for the year					15,209
	At 31 March 2015					288,746

	Net book value
	At 31 March 2015					57,594
	At 31 March 2014					38,803


3	Investments					£

	Cost
	At 1 April 2014					5,764
	Disposals					(584)

	At 31 March 2015					5,180

4	Share capital	Nominal		2015		2015		2014
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		100		100		100