Abbreviated Company Accounts - H MCGOVERN & SON PLANT HIRE LIMITED

H MCGOVERN & SON PLANT HIRE LIMITED - Company Information

06544073 H MCGOVERN & SON PLANT HIRE LIMITED 2016-03-31 false 2015-04-01 2016-03-31 true 06544073 2015-04-01 2016-03-31 06544073 2016-03-31 06544073 2015-03-31 06544073 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 06544073 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 06544073

H MCGOVERN & SON PLANT HIRE LIMITED

Abbreviated Accounts

31 March 2016

H MCGOVERN & SON PLANT HIRE LIMITED Registered Number 06544073

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	4,191,117	3,369,498
		4,191,117	3,369,498
Current assets
Debtors	3	2,840,117	2,768,765
Cash at bank and in hand		81,770	24,896
		2,921,887	2,793,661
Creditors: amounts falling due within one year		(1,563,976)	(1,811,974)
Net current assets (liabilities)		1,357,911	981,687
Total assets less current liabilities		5,549,028	4,351,185
Creditors: amounts falling due after more than one year		(1,878,916)	(779,945)
Provisions for liabilities		(226,527)	(183,636)
Total net assets (liabilities)		3,443,585	3,387,604
Capital and reserves
Called up share capital	4	2	2
Profit and loss account		3,443,583	3,387,602
Shareholders' funds		3,443,585	3,387,604

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 PLANT HIRE LIMITED Registered Number 06544073

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).

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

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

2Tangible fixed assets

	£
Cost
At 1 April 2015	5,566,709
Additions	2,138,149
Disposals	(1,318,022)
Revaluations	-
Transfers	-
At 31 March 2016	6,386,836
Depreciation
At 1 April 2015	2,197,211
Charge for the year	822,595
On disposals	(824,087)
At 31 March 2016	2,195,719
Net book values
At 31 March 2016	4,191,117
At 31 March 2015	3,369,498

3Debtors

As at the year end there is a combined directors loan account balance owed to the company amounting to £450,295, (2015: £214,985). This is disclosed within debtors on the balance sheet.

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

	2016 £	2015 £
2 Ordinary shares of £1 each	2	2