Genny Hire Limited - Accounts to registrar - small 17.2
Genny Hire Limited - Accounts to registrar - small 17.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 December 2016 |
| for |
| Genny Hire Limited |
| Genny Hire Limited (Registered number: SC352183) |
| Contents of the Financial Statements |
| for the Year Ended 31 December 2016 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Report of the Accountants | 7 |
| Genny Hire Limited |
| Company Information |
| for the Year Ended 31 December 2016 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Victoria House |
| 13 Victoria Street |
| ABERDEEN |
| AB10 1XB |
| Genny Hire Limited (Registered number: SC352183) |
| Balance Sheet |
| 31 December 2016 |
| 31.12.16 | 31.12.15 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks | 5 |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
7 |
( |
) |
( |
) |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | 9 | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their 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. |
| Genny Hire Limited (Registered number: SC352183) |
| Balance Sheet - continued |
| 31 December 2016 |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors on |
| P Emslie - Director | Ms L J Clark - Director |
| R S Deans - Director |
| Genny Hire Limited (Registered number: SC352183) |
| Notes to the Financial Statements |
| for the Year Ended 31 December 2016 |
| 1. | STATUTORY INFORMATION |
| Genny Hire Limited is a |
| Scotland. 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 |
| Turnover |
| Turnover represents amounts receivable for goods sold and services rendered |
| during the year, exclusive of value added tax. |
| Tangible fixed assets |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after |
| making due allowance for obsolete and slow moving items. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised |
| in the Income Statement, except to the extent that it relates to items |
| recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates |
| and laws that have been enacted or substantively enacted by the balance |
| sheet date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have |
| originated but not reversed at the balance sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax |
| assessments in periods different from those in which they are recognised in |
| financial statements. Deferred tax is measured using tax rates and laws |
| that have been enacted or substantively enacted by the year end and that |
| are expected to apply to the reversal of the timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to |
| the extent that it is probable that they will be recovered against the |
| reversal of deferred tax liabilities or other future taxable profits. |
| 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| Genny Hire Limited (Registered number: SC352183) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2016 |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Plant and | and | Motor |
| machinery | fittings | vehicles | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 January 2016 |
| Additions |
| Disposals | ( |
) | ( |
) | ( |
) | ( |
) |
| At 31 December 2016 |
| DEPRECIATION |
| At 1 January 2016 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) | ( |
) | ( |
) |
| At 31 December 2016 |
| NET BOOK VALUE |
| At 31 December 2016 |
| At 31 December 2015 |
| 5. | STOCKS |
| 31.12.16 | 31.12.15 |
| £ | £ |
| Valuation | 55,000 | 40,000 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.12.16 | 31.12.15 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Prepayments and accrued income |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.12.16 | 31.12.15 |
| £ | £ |
| Other loans |
| Hire purchase contracts |
| Trade creditors |
| PAYE |
| VAT | 21,257 | 15,412 |
| Other creditors |
| Directors' loan accounts | 376,803 | 455,750 |
| Accrued expenses |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31.12.16 | 31.12.15 |
| £ | £ |
| Hire purchase contracts |
| Genny Hire Limited (Registered number: SC352183) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2016 |
| 9. | PROVISIONS FOR LIABILITIES |
| 31.12.16 | 31.12.15 |
| £ | £ |
| Deferred tax | 148,234 | 129,682 |
| Deferred |
| tax |
| £ |
| Balance at 1 January 2016 |
| Charge to Income Statement during year |
| Balance at 31 December 2016 |
| 10. | RELATED PARTY DISCLOSURES |
| During the year the directors decreased the amount loaned to the company by |
| £78,947 leaving a balance of £376,803 (2015 £455,750). This loan is |
| unsecured, interest free and repayable on demand. |
| 11. | ULTIMATE CONTROLLING PARTY |
| Genny Hire Limited |
| Report of the Accountants to the Directors of |
| Genny Hire Limited |
| The following reproduces the text of the report prepared for the directors and |
| members in respect of the company's annual unaudited financial statements. In |
| accordance with the Companies Act 2006, the company is only required to file a |
| Balance Sheet. Readers are cautioned that the Income Statement and certain other |
| primary statements and the Report of the Directors are not required to be filed |
| with the Registrar of Companies. |
| As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2016 set out on pages three to eleven and you consider that the company is exempt from an audit. |
| 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. |
| This report is made solely to the Board of Directors of the company, as a body, |
| in accordance with the terms of our engagement. Our work has been undertaken |
| solely to prepare for your approval the financial statements of the company and |
| state those matters that we have agreed to state to the Board of Directors of |
| the company, as a body, in this report in accordance with the requirements of |
| the Institute of Financial Accountants. To the fullest extent permitted by law, |
| we do not accept or assume responsibility to anyone other than the company and |
| its Board of Directors, as a body, for our work or for this report. |
| It is your duty to ensure that the company has kept adequate accounting records |
| and to prepare statutory accounts that give a true and fair view of the assets, |
| liabilities and financial position of the company. You consider that the company |
| is exempt from the statutory audit requirement for the year. |
| We have not been instructed to carry out an audit or a review of the financial |
| statements of the company. For this reason, we have not verified the accuracy or |
| completeness of the accounting records or information and explanations you have |
| given to us and we do not, therefore, express any opinion on the statutory |
| financial statements. |
| Victoria House |
| 13 Victoria Street |
| ABERDEEN |
| AB10 1XB |