BHE Equipment Rental Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 06572508

BHE EQUIPMENT RENTAL LIMITED

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 30 APRIL 2014

Page

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

3

FIXED ASSETS

Intangible assets

2

-

2,000

Tangible assets

3

888,424

367,633

888,424

369,633

CURRENT ASSETS

Debtors

246,072

119,977

Cash at bank

44,057

61,737

290,129

181,714

CREDITORS

Amounts falling due within one year

4

358,496

143,988

NET CURRENT (LIABILITIES)/ASSETS

(68,367

)

37,726

TOTAL ASSETS LESS CURRENT LIABILITIES

820,057

407,359

CREDITORS

Amounts falling due after more than one year

4

(500,901

)

(161,417

)

PROVISIONS FOR LIABILITIES

(71,066

)

(10,834

)

NET ASSETS

248,090

235,108

CAPITAL AND RESERVES

Called up share capital

5

100

100

Profit and loss account

247,990

235,008

SHAREHOLDERS' FUNDS

248,090

235,108

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2014 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 2 October 2014 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 April 2008).

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 and fittings

-

25% 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

Where an asset is financed by an agreement that gives rights approximating to ownership,

the asset is treated as if it had been purchased outright. The amount capitalised and

included in tangible fixed assets is the present value of the minimum payments due under

the agreement. The corresponding commitment is included as an obligation under hire

purchase.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2013

and 30 April 2014

10,000

AMORTISATION

At 1 May 2013

8,000

Amortisation for year

2,000

At 30 April 2014

10,000

NET BOOK VALUE

At 30 April 2014

-

At 30 April 2013

2,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2013

557,060

Additions

731,644

Disposals

(103,767

)

At 30 April 2014

1,184,937

DEPRECIATION

At 1 May 2013

189,427

Charge for year

142,554

Eliminated on disposal

(35,468

)

At 30 April 2014

296,513

NET BOOK VALUE

At 30 April 2014

888,424

At 30 April 2013

367,633

4.

CREDITORS

Creditors include an amount of £ 493,780 (2013 - £ 187,173 ) for which security has been

given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

50

Ordinary 'A'

£1

50

50

50

Ordinary 'B'

£1

50

50

100

100

6.	ULTIMATE PARENT COMPANY

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

company.