P & H Machinery Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05915650 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2018

for

P & H Machinery Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A D Habberfield

Mrs A K Habberfield

M M Priscott

SECRETARY:

Mrs A K Habberfield

REGISTERED OFFICE:

Stafford House

Blackbrook Park Avenue

Taunton

Somerset

TA1 2PX

REGISTERED NUMBER:

05915650 (England and Wales)

ACCOUNTANTS:

A C Mole & Sons

Stafford House

Blackbrook Park Avenue

Taunton

Somerset

TA1 2PX

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

3,322

3,908

3,322

3,908

CURRENT ASSETS

Stocks

216,830

219,332

Debtors

6

387,193

410,509

604,023

629,841

CREDITORS

Amounts falling due within one year

7

144,016

205,215

NET CURRENT ASSETS

460,007

424,626

TOTAL ASSETS LESS CURRENT LIABILITIES

463,329

428,534

PROVISIONS FOR LIABILITIES

631

778

NET ASSETS

462,698

427,756

CAPITAL AND RESERVES

Called up share capital

300

300

Retained earnings

462,398

427,456

SHAREHOLDERS' FUNDS

462,698

427,756

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2018 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 28 September 2018 and were signed on its behalf by:

A D Habberfield - Director

1.	STATUTORY INFORMATION

P & H Machinery 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 2007, 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 etc

-

15% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2017

and 30 April 2018

118,000

AMORTISATION

At 1 May 2017

and 30 April 2018

118,000

NET BOOK VALUE

At 30 April 2018

-

At 30 April 2017

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2017

and 30 April 2018

8,045

DEPRECIATION

At 1 May 2017

4,137

Charge for year

586

At 30 April 2018

4,723

NET BOOK VALUE

At 30 April 2018

3,322

At 30 April 2017

3,908

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

23,011

35,933

Other debtors

364,061

364,061

VAT

121

10,515

387,193

410,509

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts

99,446

119,729

Trade creditors

16,454

26,976

Tax

9,472

8,013

Other creditors

-

1,750

Directors' current accounts

18,644

48,747

144,016

205,215