Abbreviated Company Accounts - SUMMERSEAT HOLDINGS LIMITED

SUMMERSEAT HOLDINGS LIMITED - Company Information

00162825 SUMMERSEAT HOLDINGS LIMITED 2016-09-30 false 2015-10-01 2016-09-30 true 00162825 2015-10-01 2016-09-30 00162825 2016-09-30 00162825 2015-09-30 00162825 uk-gaap-cd-bus:Director1 2015-10-01 2016-09-30 00162825 uk-gaap-cd-bus:Director2 2015-10-01 2016-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-10-01 2016-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2016-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-09-30 iso4217:GBP shares

Registered Number 00162825

SUMMERSEAT HOLDINGS LIMITED

Abbreviated Accounts

30 September 2016

SUMMERSEAT HOLDINGS LIMITED Registered Number 00162825

Abbreviated Balance Sheet as at 30 September 2016

	Notes	2016	2015
		£	£
Called up share capital not paid		-	-
Fixed assets
Intangible assets		-	-
Tangible assets	2	595,000	554,946
Investments	3	250,000	250,000
		845,000	804,946
Current assets
Stocks		-	-
Debtors		140,498	155,490
Cash at bank and in hand		111,277	110,381
		251,775	265,871
Creditors: amounts falling due within one year	4	(179,878)	(144,204)
Net current assets (liabilities)		71,897	121,667
Total assets less current liabilities		916,897	926,613
Creditors: amounts falling due after more than one year	4	-	(89,491)
Provisions for liabilities		(31,584)	(15,629)
Total net assets (liabilities)		885,313	821,493
Capital and reserves
Called up share capital	5	127,296	127,296
Share premium account		7,344	7,344
Revaluation reserve		61,284	-
Profit and loss account		689,389	686,853
Shareholders' funds		885,313	821,493

For the year ending 30 September 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 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.

Approved by the Board on 30 June 2017

And signed on their behalf by:
P L Moors, Director

SUMMERSEAT HOLDINGS LIMITED Registered Number 00162825

Notes to the Abbreviated Accounts for the period ended 30 September 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared under the historical cost convention modified to include the revaluation of plant and machinery.

Turnover policy
Turnover represents rental income receivable for the hire of mobile cranes and associated lifting equipment net of Value Added Tax.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation of each asset over its expected useful life as follows :
Plant and machinery 4% straight line

2Tangible fixed assets

	£
Cost
At 1 October 2015	1,115,200
Additions	-
Disposals	(150,000)
Revaluations	76,605
Transfers	-
At 30 September 2016	1,041,805
Depreciation
At 1 October 2015	560,254
Charge for the year	33,517
On disposals	(146,966)
At 30 September 2016	446,805
Net book values
At 30 September 2016	595,000
At 30 September 2015	554,946

Depreciation written back on revaluation £76,605 (2015: £nil).

3Fixed assets Investments
The company holds more than 20% of the share capital of the following companies :
Subsidiary undertakings : Roadcraft (Crane & Plant Hire) Ltd
Country of incorporation : England
Class : Ordinary
% Shares held : 100%
Principal activity : Hiring mobile cranes and ancillary equipment
Capital and reserves : 2016 £584,316
Loss for the year : 2016 £32,423

4Creditors

	2016 £	2015 £
Secured Debts	89,345	181,211
Instalment debts due after 5 years	0	0
Non-instalment debts due after 5 years	0	0

5Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
127,296 Ordinary shares of £1 each	127,296	127,296