Scanlans (Plant Hire) Limited - Abbreviated accounts 16.1

Scanlan's(Plant Hire)Limited

Abbreviated Unaudited Accounts for the Year Ended 31 July 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

B Scanlan

K Scanlan

C F Reddock

D Wilshaw

SECRETARY:

K Scanlan

REGISTERED OFFICE:

The Old Mill, Tricketts Lane

Willaston

Nantwich

Cheshire

CW5 6PZ

REGISTERED NUMBER:

00769420 (England and Wales)

ACCOUNTANTS:

Alextra Group Limited

12/14 Macon Court

Crewe

Cheshire

CW1 6EA

FIXED ASSETS

Tangible assets

2

513,150

804,698

CURRENT ASSETS

Stocks

14,129

Debtors

337,947

183,005

Cash at bank and in hand

76,181

25,802

428,257

222,936

CREDITORS

Amounts falling due within one year

3

(216,736

)

(209,958

)

NET CURRENT ASSETS

211,521

12,978

TOTAL ASSETS LESS CURRENT
LIABILITIES

724,671

817,676

CREDITORS

Amounts falling due after more than one
year

3

(105,931

)

(174,110

)

PROVISIONS FOR LIABILITIES

(5,799

)

(5,799

)

NET ASSETS

612,941

637,767

CAPITAL AND RESERVES

Called up share capital

4

4,034

Share premium

15,705

Capital redemption reserve

250

Profit and loss account

592,952

617,778

SHAREHOLDERS' FUNDS

612,941

637,767

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 26 April 2016 and were signed on its behalf by:

K Scanlan - Director

C F Reddock - 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 income from ordinary activities, net of trade discounts, value added tax and any 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.

Freehold property

-

2% on cost

Plant and machinery

-

at variable rates on reducing balance

Fixtures and fittings

-

20% on cost and 15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2014

2,238,936

Additions

42,130

Disposals

(196,318

)

At 31 July 2015

2,084,748

DEPRECIATION

At 1 August 2014

1,434,238

Charge for year

158,208

Eliminated on disposal

(20,848

)

At 31 July 2015

1,571,598

NET BOOK VALUE

At 31 July 2015

513,150

At 31 July 2014

804,698

3.

CREDITORS

Creditors include an amount of £ 183,607 (31.7.14 - £ 251,886 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.15

31.7.14

value:

£

4,034

Ordinary

£1

4,034