Extreme Handling Ltd Accounts

EXTREME HANDLING LIMITED - Company Information






Extreme Handling Ltd
	Abbreviated Accounts
	31 August 2016














		Company No.	08659892

as at
31 August 2016


		Notes	2016	2015
			£	£
Fixed assets

	Tangible assets	2	24,822	26,943

			24,822	26,943
Current assets

	Debtors		232,094	213,468

	Cash at bank and in hand		277	53,749
			232,371	267,217
Creditors: Amounts falling due within one year			(158,765)	(188,352)
Net current assets			73,606	78,865
Total assets less current liabilities			98,428	105,808
Creditors: Amounts falling due after more than one year			(7,908)	(13,090)



Net assets			90,520	92,718

Capital and reserves
	Called up share capital	3	1	1



	Profit and loss account		90,519	92,717

Shareholder's funds			90,520	92,718

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in part 15 of the Companies Act 2006 and with the Financial Reporting Standard for Smaller Entities (effective January 2015).

For the year ended 31 August 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
Approved by the board on 24 May 2017
And signed on its behalf by:

G. Gooding
Director
24 May 2017

for the year ended 31 August 2016

Accounting policies

Basis of preparation

The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) ["the FRSSE"].

Turnover

Turnover represents the amounts (excluding value added tax) derived from the provision of goods and services to customers.

Tangible fixed assets and depreciation

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

Plant and machinery

25% Reducing balance

Leased assets

Where the company enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a 'finance lease'. Assets held under finance leases, or hire purchase contracts, are recorded in the balance sheet as tangible fixed assets and depreciated over their estimated useful lives or the term of the finance lease or hire purchase contract, whichever is shorter. Future instalments under such finance leases or hire purchase contracts, net of finance charges, are included within creditors. Rentals payable are apportioned between the finance element, which is charged to the profit and loss account, and the capital element which reduces the outstanding obligation for future instalments.

All other leases are accounted for as 'operating leases' and the rental charges are charged to the profit and loss account on a straight line basis over the life of the lease.

2	Fixed assets
		Tangible fixed assets	Total
		£	£
	Cost or revaluation
	At 1 September 2015	42,985	42,985
	Additions	6,882	6,882


	Disposals	(2,500)	(2,500)
	At 31 August 2016	47,367	47,367
	Amortisation
	At 1 September 2015	16,042	16,042
	Charge for the year	7,642	7,642


	Disposals	(1,139)	(1,139)
	At 31 August 2016	22,545	22,545
	Net book values
	At 31 August 2016	24,822	24,822
	At 31 August 2015	26,943	26,943

3	Share Capital
		Nominal value	2016	2016	2015
		£	Number	£	£
	Allotted, called up and fully paid:
	Ordinary	1.00	1	1	1




				1	1