3 Counties Plant & Tool Hire Ltd - Accounts to registrar - small 17.2

REGISTERED NUMBER: 07504423 (England and Wales)

Financial Statements for the Year Ended 31 December 2016

for

3 Counties Plant & Tool Hire Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

4

DIRECTORS:

Mr R J Rogers

Mr R L Dawson

REGISTERED OFFICE:

3c Buildings

Mark Road

Hemel Hempstead

Hertfordshire

HP2 7DN

REGISTERED NUMBER:

07504423 (England and Wales)

FIXED ASSETS

Tangible assets

4

85,172

31,834

CURRENT ASSETS

Debtors

5

100,415

82,419

Cash at bank

14,827

14,789

115,242

97,208

CREDITORS

Amounts falling due within one year

6

(362,881

)

(207,930

)

NET CURRENT LIABILITIES

(247,639

)

(110,722

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(162,467

)

(78,888

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

7

(162,567

)

(78,988

)

(162,467

)

(78,888

)

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 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.

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 Board of Directors on 22 September 2017 and were signed on its behalf by:

Mr R J Rogers - Director

1.	STATUTORY INFORMATION

3 Counties Plant & Tool Hire Ltd 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 each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

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.

Fixed assets

All fixed assets are initially recorded at cost.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 January 2016

45,317

10,853

56,170

Additions

81,729

-

81,729

At 31 December 2016

127,046

10,853

137,899

DEPRECIATION

At 1 January 2016

18,062

6,274

24,336

Charge for year

27,246

1,145

28,391

At 31 December 2016

45,308

7,419

52,727

NET BOOK VALUE

At 31 December 2016

81,738

3,434

85,172

At 31 December 2015

27,255

4,579

31,834

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade debtors

77,819

59,775

Other debtors

22,596

22,644

100,415

82,419

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade creditors

226,780

116,934

Taxation and social security

8,260

15,655

Other creditors

127,841

75,341

362,881

207,930

7.

RESERVES

Retained

earnings

£

At 1 January 2016

(78,988

)

Deficit for the year

(83,579

)

At 31 December 2016

(162,567

)

8.	ULTIMATE CONTROLLING PARTY

The company is controlled by Mr R J Rogers by virtue of his shareholding.