Matts Grab Hire Limited,Ltd - AccountsLtd - Accounts

Matts Grab Hire Limited,Ltd - AccountsLtd - Accounts

MATTS GRAB HIRE LIMITED - Company Information

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2016-04-01 08529714 2017-03-31 08529714 2016-04-01 2017-03-31 08529714 2016-03-31 08529714 2015-04-01 2016-03-31 08529714 uk-core:WithinOneYear 2016-03-31 08529714 uk-core:WithinOneYear 2017-03-31 08529714 uk-core:AfterOneYear 2016-03-31 08529714 uk-core:AfterOneYear 2017-03-31 08529714 uk-core:SharePremium 2017-03-31 08529714 uk-core:SharePremium 2016-03-31 08529714 uk-core:RetainedEarningsAccumulatedLosses 2017-03-31 08529714 uk-core:RetainedEarningsAccumulatedLosses 2016-03-31 08529714 uk-bus:Director1 2016-04-01 2017-03-31 08529714 uk-core:MotorVehicles 2016-03-31 08529714 uk-core:PlantMachinery 2016-03-31 08529714 uk-core:MotorVehicles 2016-04-01 2017-03-31 08529714 uk-core:PlantMachinery 2016-04-01 2017-03-31 08529714 uk-core:PlantMachinery 2017-03-31 08529714 uk-core:MotorVehicles 2017-03-31 08529714 uk-core:WithinOneYear 2017-03-31 08529714 uk-core:WithinOneYear 2016-03-31 iso4217:GBP 08529714 uk-bus:AuditExemptWithAccountantsReport 2016-04-01 2017-03-31 08529714 uk-bus:FRS102 2016-04-01 2017-03-31 08529714 uk-bus:FullAccounts 2016-04-01 2017-03-31 08529714 uk-bus:PrivateLimitedCompanyLtd 2016-04-01 2017-03-31
Matts Grab Hire Limited
Registered Number:08529714
For the year ended 31 March 2017
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2017
Matts Grab Hire Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
As at 31 March 2017
Matts Grab Hire Limited
Statement of Financial Position
Registered Number :
08529714
£
£
2016
2017
Notes
Fixed assets
Property, plant and equipment
219,510
226,760
2
219,510
226,760
Current assets
Trade and other receivables
179,380
40,989
3
7,077
Cash and cash equivalents
5,164
46,153
186,457
Trade and other payables: amounts falling due within one
year
(292,070)
(235,865)
4
(105,613)
(189,712)
Net current liabilities
Total assets less current liabilities
29,798
121,147
Trade and other payables: amounts falling due after more
than one year
(24,219)
-
5
29,798
Net assets
96,928
Capital and reserves
Share premium account
55,000
125,000
Retained earnings
(25,202)
(28,072)
29,798
96,928
Shareholders' funds
For the year ended 31 March 2017 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
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.
Ian Robin Butler Director
These financial statements were approved and authorised for issue by the Board on 21 December 2017 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the year ended 31 March 2017
Matts Grab Hire Limited
Notes to the Financial Statements
Statutory Information
Matts Grab Hire Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 08529714.
Registered address:
Suitw 1 & 2, Business Centre
Hagley Golf & Country Club
Wassell Grove Lane
Hagley
DY9 9JW
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a method giving a constant rate of return on the balance outstanding.
2. Property, plant and equipment
Total
Motor vehicles
Plant and
machinery
£
£
£
Cost or
valuation
At 01 April 2016
232,760
9,610
223,150
-
(7,250)
Disposals
(7,250)
At 31 March 2017
215,900
9,610
225,510
Provision for depreciation and impairment
At 01 April 2016
6,000
6,000
-
At 31 March 2017
6,000
6,000
-
At 31 March 2017
Net book value
215,900
3,610
219,510
At 31 March 2016
223,150
3,610
226,760
2 of 3
5
For the year ended 31 March 2017
Matts Grab Hire Limited
Notes to the Financial Statements Continued
3. Trade and other receivables
2016
2017
£
£
Trade debtors
768
73,275
Other debtors
40,221
106,105
179,380
40,989
4. Trade and other payables: amounts falling due within one year
2016
2017
£
£
Bank loans and overdraft
40,316
40,316
Trade creditors
1,381
70,221
Taxation and social security
2,102
-
Other creditors
192,066
181,533
235,865
292,070
5. Trade and other payables: amounts falling due after more than one year
2016
2017
£
£
Other creditors
-
24,219
3 of 3