Paul Kinsella Mini Diggers Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 05421267 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2017

for

Paul Kinsella Mini Diggers Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P.M. Kinsella

SECRETARY:

Ms A Keeley

REGISTERED OFFICE:

Williamston House

7 Goat Street

Haverfordwest

Pembrokeshire

SA61 1PX

REGISTERED NUMBER:

05421267 (England and Wales)

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

14,162

14,247

14,162

14,247

CURRENT ASSETS

Debtors

1,206

1,346

Cash at bank

3,287

1,302

4,493

2,648

CREDITORS

Amounts falling due within one year

25,573

22,429

NET CURRENT LIABILITIES

(21,080

)

(19,781

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(6,918

)

(5,534

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(6,919

)

(5,535

)

SHAREHOLDERS' FUNDS

(6,918

)

(5,534

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

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 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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 19 December 2017 and were signed by:

P.M. Kinsella - Director

1.	STATUTORY INFORMATION

Paul Kinsella Mini Diggers 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less

any accumulated amortisation and any accumulated impairment losses.

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

-

15% on cost

Motor vehicles

-

25% on cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2016

and 31 March 2017

20,000

AMORTISATION

At 1 April 2016

and 31 March 2017

20,000

NET BOOK VALUE

At 31 March 2017

-

At 31 March 2016

-

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2016

54,556

Additions

2,359

Disposals

(379

)

At 31 March 2017

56,536

DEPRECIATION

At 1 April 2016

40,309

Charge for year

2,444

Eliminated on disposal

(379

)

At 31 March 2017

42,374

NET BOOK VALUE

At 31 March 2017

14,162

At 31 March 2016

14,247

6.	GOING CONCERN

At the balance sheet date the company's liabilities exceeded its assets by £6,918. The company's accounts have been

prepared under the going concern basis which assumes that the directors will provided adequate financial resources

over future periods.