S. Leonard Plant Hire & Haulage Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05264451 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2018

FOR

S. LEONARD PLANT HIRE & HAULAGE LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr S Leonard

SECRETARY:

Mrs D M Leonard

REGISTERED OFFICE:

2 Mountside

Stanmore

Middlesex

HA7 2DT

BUSINESS ADDRESS:

47 Chinnor Crescent

Greenford

Middlesex

UB6 9NZ

REGISTERED NUMBER:

05264451 (England and Wales)

ACCOUNTANTS:

Mountsides Limited

Chartered Accountants

2 Mountside

Stanmore

Middlesex

HA7 2DT

FIXED ASSETS

Tangible assets

5

141,208

172,110

CURRENT ASSETS

Debtors

6,060

99,627

Cash at bank

22,561

37,368

28,621

136,995

CREDITORS

Amounts falling due within one year

(54,226

)

(108,306

)

NET CURRENT (LIABILITIES)/ASSETS

(25,605

)

28,689

TOTAL ASSETS LESS CURRENT LIABILITIES

115,603

200,799

CREDITORS

Amounts falling due after more than one year

(35,794

)

(71,366

)

PROVISIONS FOR LIABILITIES

(26,829

)

(29,149

)

NET ASSETS

52,980

100,284

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

52,880

100,184

SHAREHOLDERS' FUNDS

52,980

100,284

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 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 Balance Sheet for the year ended 30 April 2018 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 January 2019 and were signed by:

Mr S Leonard - Director

1.	STATUTORY INFORMATION

S. Leonard Plant Hire & Haulage 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents amounts invoiced for plant hire and haulage services supplied during the period, net of value added

tax.

Turnover has also been recognised in respect of on-going services, with the value of work completed but unbilled at the

balance sheet date being taken to turnover and the associated costs, where not invoiced at that date, being accrued for.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire

purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over

their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the

future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2017 - 3 ) .

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 May 2017

573,329

Additions

26,150

Disposals

(136,500

)

At 30 April 2018

462,979

DEPRECIATION

At 1 May 2017

401,219

Charge for year

47,235

Eliminated on disposal

(126,683

)

At 30 April 2018

321,771

NET BOOK VALUE

At 30 April 2018

141,208

At 30 April 2017

172,110

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST

At 1 May 2017

204,500

Transfer to ownership

(27,500

)

At 30 April 2018

177,000

DEPRECIATION

At 1 May 2017

83,680

Charge for year

30,205

Transfer to ownership

(18,799

)

At 30 April 2018

95,086

NET BOOK VALUE

At 30 April 2018

81,914

At 30 April 2017

120,820

6.	SECURED DEBTS

The following secured debts are included within creditors:

2018

2017

£

£

Hire purchase contracts

71,367

140,194

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

100

Ordinary

£1.00

100

100