BHE Equipment Rental Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 06572508

BHE EQUIPMENT RENTAL LIMITED

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 30 APRIL 2016

Page

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

3

FIXED ASSETS

Intangible assets

2

-

Tangible assets

3

774,672

1,039,311

774,672

1,039,311

CURRENT ASSETS

Debtors

142,536

208,795

Cash at bank

54,528

58,712

197,064

267,507

CREDITORS

Amounts falling due within one year

4

293,198

394,834

NET CURRENT LIABILITIES

(96,134

)

(127,327

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

678,538

911,984

CREDITORS

Amounts falling due after more than
one year

4

(331,898

)

(613,750

)

PROVISIONS FOR LIABILITIES

(122,934

)

(95,658

)

NET ASSETS

223,706

202,576

CAPITAL AND RESERVES

Called up share capital

5

100

Profit and loss account

223,606

202,476

SHAREHOLDERS' FUNDS

223,706

202,576

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2016 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 20 October 2016 and were
signed on its behalf by:

S G Milligan - 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 January

2015).

Turnover

Turnover is the value of goods and services provided to customers during the year with

revenue being recognised with respect to the services as contractual activity progresses less

trade discounts, excluding value added tax and sales of fixed assets. The turnover is

derived wholly from within the United Kingdom.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

at varying rates on cost

Fixtures, fittings and equipment

-

at varying rates on cost

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the

balance sheet. Those held under hire purchase contracts are depreciated over their

estimated useful lives. Those held under finance leases are depreciated over their

estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the

relevant period. The capital element of the future payments is treated as a liability.

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.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

10,000

Disposals

(10,000

)

At 30 April 2016

-

AMORTISATION

At 1 May 2015

10,000

Eliminated on disposal

(10,000

)

At 30 April 2016

-

NET BOOK VALUE

At 30 April 2016

-

At 30 April 2015

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

1,539,009

Additions

137,840

Disposals

(317,146

)

At 30 April 2016

1,359,703

DEPRECIATION

At 1 May 2015

499,698

Charge for year

235,619

Eliminated on disposal

(150,286

)

At 30 April 2016

585,031

NET BOOK VALUE

At 30 April 2016

774,672

At 30 April 2015

1,039,311

4.

CREDITORS

Creditors include an amount of £ 392,057 (2015 - £ 618,413 ) for which security has been

given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

50

Ordinary 'A'

£1

50

Ordinary 'B'

£1

50

100

6.	ULTIMATE PARENT COMPANY

Group SM Limited is regarded by the directors as being the company's ultimate parent

company.