Winsford Tool Hire Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 09186221 (England and Wales)

Abbreviated Unaudited Accounts

for the Period 21 August 2014 to 31 August 2015

for

Winsford Tool Hire Limited

Page

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

3

FIXED ASSETS

Tangible assets

2

26,014

CURRENT ASSETS

Stocks

21,000

Debtors

9,772

Cash at bank and in hand

35,351

66,123

CREDITORS

Amounts falling due within one year

52,955

NET CURRENT ASSETS

13,168

TOTAL ASSETS LESS CURRENT LIABILITIES

39,182

PROVISIONS FOR LIABILITIES

5,203

NET ASSETS

33,979

CAPITAL AND RESERVES

Called up share capital

3

200

Profit and loss account

33,779

SHAREHOLDERS' FUNDS

33,979

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 August 2015.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 30 November 2015 and were signed on its behalf by:

Ms C L Williams - Director

S F Bennett - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements 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 net invoiced sales of goods and services, excluding value added tax.

Revenue is recognised as the company becomes entitled to consideration for the goods and services supplied.

Therefore, turnover also includes the element of work completed but not yet invoiced on service contracts.

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

-

25% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

33,817

At 31 August 2015

33,817

DEPRECIATION

Charge for period

7,803

At 31 August 2015

7,803

NET BOOK VALUE

At 31 August 2015

26,014

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

A Shares

£1

100

50

B Shares

£1

50

50

C Shares

£1

50

200

The following shares were allotted and fully paid for cash at par during the period:

100 A Shares shares of £1 each

50 B Shares shares of £1 each

50 C Shares shares of £1 each