Scanlans (Plant Hire) Limited - Abbreviated accounts 16.1

Scanlan's(Plant Hire)Limited

Abbreviated Unaudited Accounts for the Year Ended 31 July 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

K Scanlan

C F Reddock

D Wilshaw

T Readdin

SECRETARY:

K Scanlan

REGISTERED OFFICE:

The Old Mill, Tricketts Lane

Willaston

Nantwich

Cheshire

CW5 6PZ

REGISTERED NUMBER:

00769420 (England and Wales)

ACCOUNTANTS:

Alextra Group Limited

7-9 Macon Court

Crewe

Cheshire

CW1 6EA

FIXED ASSETS

Tangible assets

2

440,557

513,150

CURRENT ASSETS

Stocks

14,129

14,129

Debtors

320,286

337,947

Cash at bank and in hand

125,205

76,181

459,620

428,257

CREDITORS

Amounts falling due within one year

3

(227,767

)

(216,736

)

NET CURRENT ASSETS

231,853

211,521

TOTAL ASSETS LESS CURRENT LIABILITIES

672,410

724,671

CREDITORS

Amounts falling due after more than one year

3

(53,534

)

(105,931

)

PROVISIONS FOR LIABILITIES

(5,799

)

(5,799

)

NET ASSETS

613,077

612,941

CAPITAL AND RESERVES

Called up share capital

4

4,034

4,034

Share premium

15,705

15,705

Capital redemption reserve

250

250

Profit and loss account

593,088

592,952

SHAREHOLDERS' FUNDS

613,077

612,941

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 11 November 2016 and were signed on its behalf by:

K Scanlan - Director

C F Reddock - 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 represents income from ordinary activities, net of trade discounts, value added tax and any other sales

taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

Plant and machinery

-

at variable rates on reducing balance

Fixtures and fittings

-

20% on cost and 15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2015

2,084,748

Additions

60,074

Disposals

(102,031

)

At 31 July 2016

2,042,791

DEPRECIATION

At 1 August 2015

1,571,598

Charge for year

119,525

Eliminated on disposal

(88,889

)

At 31 July 2016

1,602,234

NET BOOK VALUE

At 31 July 2016

440,557

At 31 July 2015

513,150

3.

CREDITORS

Creditors include an amount of £ 131,210 (31.7.15 - £ 183,607 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.16

31.7.15

value:

£

£

NIL

Ordinary

£1

-

4,034

(31.7.15 - 4,034 )

Allotted and issued:

Number:

Class:

Nominal

31.7.16

31.7.15

value:

£

£

3,631

Ordinary A

£1

3,631

-

403

Ordinary B

£1

403

-

4,034

-