Accounts Submission

Accounts Submission

LAV-HIRE LIMITED - Company Information

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LAV-HIRE LIMITED

Company Registration Number:
05991222 (England and Wales)

Abbreviated (Unaudited) Accounts

Period of accounts

Start date: 01 December 2015

End date: 30 November 2016

LAV-HIRE LIMITED

Abbreviated Balance sheet

As at 30 November 2016


Notes
2016
£
2015
£
Fixed assets
Intangible assets: 2 6,000 6,500
Tangible assets: 3 58,623 62,307
Total fixed assets: 64,623 68,807
Current assets
Cash at bank and in hand: 31,387 39,973
Total current assets: 31,387 39,973
Creditors: amounts falling due within one year: ( 58,962 ) ( 66,344 )
Net current assets (liabilities): ( 27,575 ) ( 26,371 )
Total assets less current liabilities: 37,048 42,436
Total net assets (liabilities): 37,048 42,436

The notes form part of these financial statements

LAV-HIRE LIMITED

Balance sheet continued

As at 30 November 2016


Notes
2016
£
2015
£
Capital and reserves
Called up share capital: 4 1 1
Profit and loss account: 37,047 42,435
Shareholders funds: 37,048 42,436

For the year ending 30 November 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.

The financial statements were approved by the Board of Directors on 28 August 2017

SIGNED ON BEHALF OF THE BOARD BY:

Name: Sam John Alchorn
Status: Director

The notes form part of these financial statements

LAV-HIRE LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 30 November 2016

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    These accounts have been prepared on a going concern basis, which is dependent upon
    the continued support from the director, who has validated this support for the foreseeable
    future.
    The financial statements have been prepared under the historical cost convention, modified to
    include the revaluation of certain fixed assets, and in accordance with the Financial Reporting
    Standard for Smaller Entities

    Turnover policy

    Turnover represents net invoiced sales of goods, excluding value added tax.

    Tangible fixed assets depreciation policy

    Depreciation is provided at rates calculated to write off the cost of fixed assets less their estimated residual value over their expected useful lives on the following basis:
    Plant 20% reducing balance basis
    Motor Vehicle 20% reducing balance basis

    Intangible fixed assets amortisation policy

    Goodwill, being the amount paid in connection with the acquisition of a business in 2009,
    is being amortised evenly over its estimated useful life of twenty years.

LAV-HIRE LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 30 November 2016

  • 2. Intangible assets

    Total
    Cost £
    01 December 2015: 10,000
    Additions: 0
    Disposals: 0
    Revaluations: 0
    Transfers: 0
    30 November 2016: 10,000
    Amortisation
    01 December 2015: 3,500
    Provided during the period: 500
    On disposals: 0
    Other Adjustments: 0
    30 November 2016: 4,000
    Net book value
    30 November 2016: 6,000
    30 November 2015: 6,500

LAV-HIRE LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 30 November 2016

  • 3. Tangible assets

    Total
    Cost £
    01 December 2015: 188,045
    Additions: 10,970
    Disposals: 0
    Revaluations: 0
    Transfers: 0
    30 November 2016: 199,015
    Depreciation
    01 December 2015: 125,738
    Charge for year: 14,654
    On disposals: 0
    Other adjustments: 0
    30 November 2016: 140,392
    Net book value
    30 November 2016: 58,623
    30 November 2015: 62,307

LAV-HIRE LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 30 November 2016

  • 4. Called up share capital

    Allotted, called up and paid

    Previous period
    2015
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 1 1.00 1
    Preference shares: 0
    Total share capital (£): 1
    Current period
    2016
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 1 1.00 1
    Preference shares: 0
    Total share capital (£): 1