DIGGERHIRE_UK_LIMITED - Accounts

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial Period ended 31 January 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.

Diggerhire UK Limited is a private company limited by shares incorporated in England and Wales. The registered office is 66 York Road, Unit 12b Haland House, Weybridge, Surrey, KT13 9DY.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

These financial statements for the Period ended 31 January 2018 are the first financial statements of Diggerhire UK Limited prepared in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. The date of transition to FRS 102 was . The reported financial position and financial performance for the previous period are not affected by the transition to FRS 102.

During the period the company made a loss of £1,729 and at the balance sheet date has net liabilities of

£1,729. The directors have confirmed that they will continue to support the company for the foreseeable

future and are confident about the company's ability to trade as a going concern and meet its financial

obligations. Therefore the accounts have been prepared on the going concern basis.

Turnover represents services with respect to renting and leasing of other machinery and equipment, net of trade discounts.

Income is recognised in the period in which the service was supplied.

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

During the period advances totalling £250 were made to the directors. At the end of the period the balance due from the directors was £250.

The ultimate parent undertaking is Adsen Moore Holding Co Limited, a company incorporated in England. The ultimate controlling party is D Goggin by virtue of his shareholding in Adsen Moore Holding Co Limited.