R.A.N. Hire & Sales Limited - Accounts to registrar - small 17.1.1

R.A.N. Hire & Sales Limited - Accounts to registrar - small 17.1.1

R.A.N. HIRE & SALES LIMITED - Company Information

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REGISTERED NUMBER: 01198527 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

FOR

R.A.N. HIRE & SALES LIMITED

R.A.N. HIRE & SALES LIMITED (REGISTERED NUMBER: 01198527)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 4


R.A.N. HIRE & SALES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2016







DIRECTOR: N Evans





SECRETARY: N Evans





REGISTERED OFFICE: RAN House
Broad Street
Barry
South Glam
CF62 7XX





REGISTERED NUMBER: 01198527 (England and Wales)





ACCOUNTANTS: Cotsen and Company Limited
Accountants
Suite B2 Ground Floor
Copthorne Way
St Hilary Court
Cardiff
CF5 6ES
Page 1
R.A.N. HIRE & SALES LIMITED (REGISTERED NUMBER: 01198527)

BALANCE SHEET
31 DECEMBER 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 294,626 228,722

CURRENT ASSETS
Stocks 5 127,935 135,119
Debtors 6 587,451 601,880
Cash at bank 952,069 1,013,593
1,667,455 1,750,592
CREDITORS
Amounts falling due within one year 7 86,776 164,326
NET CURRENT ASSETS 1,580,679 1,586,266
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,875,305
1,814,988

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 1,875,005 1,814,688
SHAREHOLDERS' FUNDS 1,875,305 1,814,988

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 24 March 2017 and were signed by:





N Evans - Director


The notes form part of these financial statements

Page 2
R.A.N. HIRE & SALES LIMITED (REGISTERED NUMBER: 01198527)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016

1. STATUTORY INFORMATION

R.A.N. Hire & Sales Limited is a private company, limited by shares , registered in England and Wales. The
company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 20% on cost

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

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

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 profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 .

Page 3 continued...
R.A.N. HIRE & SALES LIMITED (REGISTERED NUMBER: 01198527)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2016

4. TANGIBLE FIXED ASSETS
Plant and Motor Office
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2016 845,260 107,793 67,359 1,020,412
Additions 123,763 - 5,510 129,273
Disposals (93,337 ) - - (93,337 )
At 31 December 2016 875,686 107,793 72,869 1,056,348
DEPRECIATION
At 1 January 2016 641,116 88,985 61,589 791,690
Charge for year 50,806 6,266 2,583 59,655
Eliminated on disposal (89,623 ) - - (89,623 )
At 31 December 2016 602,299 95,251 64,172 761,722
NET BOOK VALUE
At 31 December 2016 273,387 12,542 8,697 294,626
At 31 December 2015 204,144 18,808 5,770 228,722

5. STOCKS
2016 2015
£    £   
Stocks 127,935 135,119

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Trade debtors 139,647 200,603
Amounts owed by group undertakings 434,011 383,985
Other debtors 13,793 17,292
587,451 601,880

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Trade creditors 21,517 50,718
Taxation and social security 35,955 84,523
Other creditors 29,304 29,085
86,776 164,326

8. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The
Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party
transactions with wholly owned subsidiaries within the group.

Page 4