Mini One Plant Hire Ltd,Ltd - Accounts

MINI ONE PLANT HIRE LIMITED - Company Information

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Mini One Plant Hire Ltd

For the year ended 30 June 2015

Unaudited Abbreviated Report and Financial Statements

England and Wales

Registered Number: 05161641

Contents Page

Mini One Plant Hire Ltd

For the year ended 30 June 2015

Accountants' Report

Balance Sheet

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Notes to the Abbreviated Financial Statements

Accountants' Report

For the year ended 30 June 2015

Mini One Plant Hire Ltd

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

ended 30 June 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.

Vatax Accounting Ltd

The Farmhouse

Common Farm

Eaton Bray

Beds

LU6 1RD

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Abbreviated Balance Sheet

Mini One Plant Hire Ltd

As at 30 June 2015

05161641

Registered Number :

2015

Notes

2014

Fixed assets

Tangible assets

233,683

153,300

233,683

153,300

Current assets

Stocks

1,000

1,505

Debtors

6,290

3,174

Cash at bank and in hand

6,421

11,100

7,290

Creditors: amounts falling due within one year

(6,570)

(26,840)

720

(15,740)

Net current liabilities

Total assets less current liabilities

217,943

154,020

Creditors: amounts falling due after more than one year

(146,840)

(167,723)

50,220

Net assets

7,180

Capital and reserves

Called up share capital

Profit and loss account

50,219

7,179

50,220

7,180

Shareholders funds

For the year ended 30 June 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: 28 January 2016

Mr G H Sayers Director

Signed on behalf of the board of directors

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Notes to the Abbreviated Financial Statements

For the year ended 30 June 2015

Mini One Plant Hire Ltd

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.

Dividends

Proposed dividends are only included as liabilities in the financial statements when their payment has been approved

by the shareholders prior to the balance sheet date.

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:

Plant and Machinery

15% Reducing balance

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.

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

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Notes to the Abbreviated Financial Statements

For the year ended 30 June 2015

Mini One Plant Hire Ltd

2 Tangible fixed assets

Tangible fixed

assets

Cost or valuation

256,101

At 01 July 2014

133,675

Additions

(24,587)

Disposals

At 30 June 2015

365,189

Depreciation

102,801

At 01 July 2014

(9,017)

Disposals

37,722

Charge for year

131,506

At 30 June 2015

Net book values

At 30 June 2015

233,683

153,300

At 30 June 2014

3 Share capital

Allotted called up and fully paid

2015

2014

1 Class A shares of £1.00 each

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