Matts Grab Hire Limited,Ltd - Accounts

MATTS GRAB HIRE LIMITED - Company Information

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Matts Grab Hire Limited

For the year ended 31 March 2015

Unaudited Abbreviated Report and Financial Statements

England and Wales

Registered Number: 08529714

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Contents Page

Matts Grab Hire Limited

For the year ended 31 March 2015

Accountants' Report

Balance Sheet

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Notes to the Abbreviated Financial Statements

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Matts Grab Hire Limited

Accountants' Report

For the year ended 31 March 2015

As described on the balance sheet you are responsible for the preparation of the financial statements for the

year ended 31 March 2015 and you consider that the company is exempt from an audit under the Companies

Act 2006.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist

you to fulfil your statutory responsibilities, from the accounting records and information and explanations

supplied to us.

Vickers Reynolds & Co (Lye) Ltd

'The Stables'

Dudley road

Lye, Stourbridge

West Midlands

DY9 8EL

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Abbreviated Balance Sheet

Matts Grab Hire Limited

As at 31 March 2015

08529714

Registered Number :

2015

Notes

2014

Fixed assets

Tangible assets

231,560

Current assets

Debtors

2,139

146,638

Cash at bank and in hand

146,774

15,391

293,412

17,530

Creditors: amounts falling due within one year

(40,971)

(372,651)

(23,441)

(79,239)

Net current liabilities

Total assets less current liabilities

152,321

(23,441)

152,321

Net assets/liabilities

(23,441)

Capital and reserves

Share premium account

125,000

Profit and loss account

27,321

(23,441)

152,321

(23,441)

Shareholders funds

For the year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476,

2) The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts

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

Date approved by the board: 04 June 2015

Matthew Coffin Director

Signed on behalf of the board of directors

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Notes to the Abbreviated Financial Statements

Matts Grab Hire Limited

For the year ended 31 March 2015

1 Accounting Policies

Basis of accounting

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Operating lease rentals

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Finance lease and hire purchase charges

The finance element of the rental payment is charged to the profit and loss account on a method giving a constant rate of return on the balance outstanding.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Assets on finance lease and hire purchase

Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks

and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed

assets and depreciated over the shorter of the lease term and their estimated expected useful lives.

Future obligations under such contracts are included in creditors net of the finance charge allocated to future

periods.

2 Tangible fixed assets

Tangible

fixed assets

Cost or valuation

305,560

Additions

(74,000)

Disposals

At 31 March 2015

231,560

Net book values

At 31 March 2015

231,560

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Notes to the Abbreviated Financial Statements

Matts Grab Hire Limited

For the year ended 31 March 2015

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