Abbreviated Company Accounts - H MCGOVERN & SON HOLDINGS LIMITED

07595874 H MCGOVERN & SON HOLDINGS LIMITED 2016-03-31 false 2015-04-01 2016-03-31 true 07595874 2015-04-01 2016-03-31 07595874 2016-03-31 07595874 2015-03-31 07595874 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 07595874 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP shares

Registered Number 07595874

H MCGOVERN & SON HOLDINGS LIMITED

Abbreviated Accounts

31 March 2016

H MCGOVERN & SON HOLDINGS LIMITED Registered Number 07595874

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	505,299	631,624
Investments	3	1,848,755	1,848,755
		2,354,054	2,480,379
Current assets
Debtors		-	125,973
Cash at bank and in hand		3,733	8,687
		3,733	134,660
Creditors: amounts falling due within one year		(1,098,010)	(1,297,311)
Net current assets (liabilities)		(1,094,277)	(1,162,651)
Total assets less current liabilities		1,259,777	1,317,728
Creditors: amounts falling due after more than one year		(1,252,865)	(1,311,454)
Total net assets (liabilities)		6,912	6,274
Capital and reserves
Called up share capital	4	100	100
Profit and loss account		6,812	6,174
Shareholders' funds		6,912	6,274

For the year ending 31 March 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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.

Approved by the Board on 23 August 2016

And signed on their behalf by:
Mr J McGovern, Director

H MCGOVERN & SON HOLDINGS LIMITED Registered Number 07595874

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

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).

Turnover policy
Turnover represents hire charges receivable for plant and machinery net of VAT.

Tangible assets depreciation policy
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% reducing balance basis

Valuation information and policy
Investments:
Fixed asset investments are stated at cost less provision for diminution in value.

2Tangible fixed assets

	£
Cost
At 1 April 2015	664,867
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	664,867
Depreciation
At 1 April 2015	33,243
Charge for the year	126,325
On disposals	-
At 31 March 2016	159,568
Net book values
At 31 March 2016	505,299
At 31 March 2015	631,624

3Fixed assets Investments
Cost and NBV at 1 April 2015 and at 31 March 2016: £1,848,755

Holdings of more than 20%

H McGovern and Son Plant Hire Limited
Incorporated in England and Wales.
Ordinary shares - ownership - 100%
Principal activity - Hire of plant and machinery
Capital and reserves - £3,443,585; Profit for year - £230,981

Mustang Management Limited
Incorporated in England and Wales.
Ordinary shares - ownership - 100%
Principal activity - Property rental
Capital and reserves - £1,867,486; Profit for year - £76,847

4Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
100 Ordinary shares of £1 each	100	100