D Crane Plant Hire Limited Small abbreviated accounts

D CRANE PLANT HIRE LIMITED - Company Information

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COMPANY REGISTRATION NUMBER 08795268

D CRANE PLANT HIRE LIMITED

UNAUDITED ABBREVIATED ACCOUNTS

31 March 2016

D CRANE PLANT HIRE LIMITED

ABBREVIATED BALANCE SHEET

31 March 2016

	2016	2015
Note	£	£	£	£
FIXED ASSETS	2
Intangible assets		58,750		66,250
Tangible assets		488,281		371,431
		----------		----------
		547,031		437,681

CURRENT ASSETS

Debtors	144,970		128,737
Cash at bank and in hand	184,516		32,176
	----------		----------
	329,486		160,913
CREDITORS: Amounts falling due within one year	3	291,406		141,092
		----------		----------
NET CURRENT ASSETS		38,080		19,821
		----------		----------
TOTAL ASSETS LESS CURRENT LIABILITIES		585,111		457,502

CREDITORS: Amounts falling due after more than one year	4		366,809		331,538

PROVISIONS FOR LIABILITIES	94,729	70,874
	----------	----------
	123,573	55,090
	----------	----------

CAPITAL AND RESERVES

Called up equity share capital	5		100		100
Profit and loss account		123,473		54,990
		----------		---------
SHAREHOLDERS' FUNDS		123,573		55,090
		----------		---------

For the year ended 31 March 2016 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 accounts for the year in question in accordance with section 476; and

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

These abbreviated accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime.

These abbreviated accounts were approved by the directors and authorised for issue on 27 October 2016 , and are signed on their behalf by:

S.J. Crane

Company Registration Number: 08795268

D CRANE PLANT HIRE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

YEAR ENDED 31 MARCH 2016

1. ACCOUNTING POLICIES

(a) Basis of accounting

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).

(b) Turnover

The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Goodwill-Over 10 years

(d) Fixed assets

All fixed assets are initially recorded at cost.

(e) Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Plant & Machinery-15% per annum reducing balance

Motor Vehicles-25% per annum reducing balance

Fixtures, Fittings & Equipment-10% per annum reducing balance

(f) Hire purchase agreements

Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair value. The capital element of the future payments is treated as a liability and the interest is charged to the profit and loss account on a straight line basis.

(g) Pension costs

The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.

(h) Deferred taxation

Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.

Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.

Deferred tax assets and liabilities are not discounted.

2. FIXED ASSETS

Intangible Assets	Tangible Assets	Total
£	£	£

COST

At 1 April 2015	75,000	430,040	505,040
Additions	–	227,743	227,743
Disposals	–	( 45,621)	(45,621)
	---------	----------	----------
At 31 March 2016	75,000	612,162	687,162
	---------	----------	----------

DEPRECIATION

At 1 April 2015	8,750	58,609	67,359
Charge for year	7,500	72,369	79,869
On disposals	–	( 7,097)	(7,097)
	---------	----------	----------
At 31 March 2016	16,250	123,881	140,131
	---------	----------	----------

NET BOOK VALUE

At 31 March 2016	58,750	488,281	547,031
	---------	----------	----------

At 31 March 2015	66,250	371,431	437,681
	---------	----------	----------

3. CREDITORS: Amounts falling due within one year

The following liabilities disclosed under creditors falling due within one year are secured by the company:

	2016	2015
	£	£
Hire purchase agreements	77,471	41,675
	---------	---------

4. CREDITORS: Amounts falling due after more than one year

The following liabilities disclosed under creditors falling due after more than one year are secured by the company:

	2016	2015
	£	£
Hire purchase agreements	91,809	56,538
	---------	---------

5. SHARE CAPITAL

Allotted, called up and fully paid:

2016	2015
No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----