REACTIVE_HIRE_LIMITED - Accounts

REACTIVE HIRE LIMITED - Company Information

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Company Registration No. SC472683 (Scotland)

REACTIVE HIRE LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 AUGUST 2015

REACTIVE HIRE LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

REACTIVE HIRE LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 AUGUST 2015

- 1 -

2015

Notes

Fixed assets

Intangible assets

4,456

Tangible assets

705,714

710,170

Current assets

Debtors

154,670

Cash at bank and in hand

14,709

169,379

Creditors: amounts falling due within one year

(436,547)

Net current liabilities

(267,168)

Total assets less current liabilities

443,002

Creditors: amounts falling due after more than one year

(333,693)

109,309

Capital and reserves

Called up share capital

100

Profit and loss account

109,209

Shareholders' funds

109,309

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

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 27 May 2016

Mr E Tait

Director

Company Registration No. SC472683

REACTIVE HIRE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 31 AUGUST 2015

- 2 -

Accounting policies

1.1

Accounting convention

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

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

20% on cost

Hire assets

10% on cost

Fixtures, fittings & equipment

20% on cost

Motor vehicles

20% on cost

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 17 March 2014

Additions

5,570

789,903

795,473

At 31 August 2015

5,570

789,903

795,473

Depreciation

At 17 March 2014

Charge for the period

1,114

84,189

85,303

At 31 August 2015

1,114

84,189

85,303

Net book value

At 31 August 2015

4,456

705,714

710,170

REACTIVE HIRE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE PERIOD ENDED 31 AUGUST 2015

- 3 -

Share capital

2015

Allotted, called up and fully paid

100 Ordinary A shares of £1 each

100

During the year 100 ordinary A shares of £1 each were allotted and fully paid at par for cash consideration.