2015-07-01
true
false
Private Limited Company
05161641
2016-06-30
05161641
2015-07-01
2016-06-30
05161641
2015-06-30
05161641
2014-07-01
2015-06-30
05161641
uk-bus:Director1
2015-07-01
2016-06-30
05161641
uk-gaap:PlantMachinery
2015-07-01
2016-06-30
05161641
uk-bus:OrdinaryShareClass1
2016-06-30
iso4217:GBP
For the year ended 30 June 2016
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 05161641
2
Mini One Plant Hire Ltd
For the year ended 30 June 2016
1
Accountants' Report
2
Balance Sheet
3 to 4
Notes to the Abbreviated Financial Statements
3
Mini One Plant Hire Ltd
Accountants' Report
For the year ended 30 June 2016
| As described on the balance sheet you are responsible for the preparation of the financial statements for the year |
| ended 30 June 2016 and you consider that the company is exempt from an audit under the Companies Act 2006. |
| In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you |
| to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us. |
Vatax Accounting Ltd
65 Moor End
Edlesborough
Bedfordshire
LU6 2FL
1 of 4
4
| Abbreviated Balance Sheet |
Mini One Plant Hire Ltd
2016
2015
2
218,412
233,683
218,412
233,683
1,505
1,505
3,174
-
29,081
6,421
30,586
11,100
| Creditors: amounts falling due within one year |
(26,840)
(3,123)
(15,740)
27,463
Net current assets
| Total assets less current liabilities |
245,875
217,943
| Creditors: amounts falling due after more than one year |
(167,723)
(204,468)
41,407
Net assets
50,220
1
3
1
41,406
50,219
41,407
50,220
Shareholders funds
| For the year ended 30 June 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. |
| Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; |
| 2) The director acknowledges his 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. |
| Date approved by the board: 03 January 2017 |
| Signed on behalf of the board of directors |
2 of 4
5
| Notes to the Abbreviated Financial Statements |
Mini One Plant Hire Ltd
For the year ended 30 June 2016
| 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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
| Finance lease and hire purchase charges |
| The finance element of the rental payment is charged to the profit and loss account on a method giving a constant rate of return on the balance outstanding. |
| Deferred taxation arises when items are charged or credited in accounts in different periods to those in which they are included in the company's tax computations.Deferred tax is provided in full on timing differences that result in an obligation to pay more (or less) tax at a future date. Deferred tax is calculated at the average rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The resulting deferred tax asset or liability is not discounted.Deferred tax assets are only recognised if it is more likely than not that they will be recovered either against future taxable profits or against the reversal of other deferred tax liabilities. |
| Proposed dividends are only included as liabilities in the financial statements when their payment has been approved |
| by the shareholders prior to the balance sheet date. |
| Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and Machinery
| No depreciation is provided on the company's freehold properties since in the opinion of the directors the expected |
| useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation |
| would be immaterial. The directors undertake an annual impairment review of these properties. |
3 of 4
6
| Notes to the Abbreviated Financial Statements |
Mini One Plant Hire Ltd
For the year ended 30 June 2016
| Assets on finance lease and hire purchase |
| Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and |
| rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets |
| and depreciated over the shorter of the lease term and their estimated expected useful lives. |
| Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods. |
| Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
365,189
87,100
(52,750)
399,539
131,506
49,621
Charge for year
181,127
218,412
233,683
| Allotted called up and fully paid |
2016
2015
| 1 Class A share of £1.00 each |
1
1
1
1
4 of 4
