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Unaudited Financial Statements |
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for the Year Ended 31 March 2018 |
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for |
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M & M CRANE HIRE LTD |
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REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 31 March 2018 |
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for |
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M & M CRANE HIRE LTD |
M & M CRANE HIRE LTD (REGISTERED NUMBER: 03902363) |
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Contents of the Financial Statements |
for the Year Ended 31 March 2018 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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Chartered Certified Accountants' Report | 9 |
M & M CRANE HIRE LTD |
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Company Information |
for the Year Ended 31 March 2018 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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BUSINESS ADDRESS: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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337 Bath Road |
Slough |
Berkshire |
SL1 5PR |
M & M CRANE HIRE LTD (REGISTERED NUMBER: 03902363) |
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Balance Sheet |
31 March 2018 |
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31.3.18 | 31.3.17 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
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Investments | 6 |
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CURRENT ASSETS |
Debtors | 7 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 8 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
9 |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 11 |
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Retained earnings | 12 |
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SHAREHOLDERS' FUNDS |
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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. |
M & M CRANE HIRE LTD (REGISTERED NUMBER: 03902363) |
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Balance Sheet - continued |
31 March 2018 |
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In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered. |
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The financial statements were approved by the Board of Directors on
its behalf by: |
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M & M CRANE HIRE LTD (REGISTERED NUMBER: 03902363) |
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Notes to the Financial Statements |
for the Year Ended 31 March 2018 |
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1. | STATUTORY INFORMATION |
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M & M Crane Hire Ltd is a
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The company's registered number and registered office address can be found on the Company |
Information page. |
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2. | STATEMENT OF COMPLIANCE |
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3. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Significant judgements and estimates |
Management make estimates and assumptions concerning the future. The resulting accounting |
estimates and judgements by definition, seldom equal the related actual results. There are no estimates |
and assumptions that have a significant risk of causing material adjustment to the carrying amounts of |
assets and liabilities within the next financial period. |
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Tangible fixed assets |
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Land and buildings | - |
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Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
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Financial instruments |
The company only enters into basic financial instruments that result in the recognition of financial |
assets and liabilities. |
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Short term debtors are measured at transaction price, less any impairment. Long term debtors and loan |
receivable are measured initially at transaction price, net of transaction costs and are subsequently |
measured at fair value using the effective interest method, less any impairment. |
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty |
on notice of withdrawal. Cash equivalents are readily convertible to known amounts of cash with |
insignificant risk of change in value. |
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Short term creditors are measured at transaction price. Long term creditors and loans are measured |
initially at transaction price, net of transaction costs and are subsequently measured at fair value using |
the effective interest method. |
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Debt instruments (other than those wholly repayable or receivable within one year), including loans |
and other accounts receivable and payable, are initially measured at present value of the future cash |
flows and subsequently at amortised cost using the effective interest method. |
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M & M CRANE HIRE LTD (REGISTERED NUMBER: 03902363) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 March 2018 |
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3. | ACCOUNTING POLICIES - continued |
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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
the balance sheet date. |
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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. |
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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. |
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4. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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5. | TANGIBLE FIXED ASSETS |
Land and |
buildings |
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COST |
At 1 April 2017 |
and 31 March 2018 |
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DEPRECIATION |
At 1 April 2017 |
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Charge for year |
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At 31 March 2018 |
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NET BOOK VALUE |
At 31 March 2018 |
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At 31 March 2017 |
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Included in cost of land and buildings is freehold land of £ 264,085 (2017 - £ 264,085 ) which is not |
depreciated. |
M & M CRANE HIRE LTD (REGISTERED NUMBER: 03902363) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 March 2018 |
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6. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 1 April 2017 |
and 31 March 2018 |
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NET BOOK VALUE |
At 31 March 2018 |
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At 31 March 2017 |
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7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.18 | 31.3.17 |
£ | £ |
Other debtors |
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8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.18 | 31.3.17 |
£ | £ |
Bank loans and overdrafts |
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Taxation and social security |
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Other creditors |
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9. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR |
31.3.18 | 31.3.17 |
£ | £ |
Bank loans |
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Amounts falling due in more than five years: |
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Repayable by instalments |
Bank loans | 128,670 | 178,326 |
M & M CRANE HIRE LTD (REGISTERED NUMBER: 03902363) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 March 2018 |
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10. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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31.3.18 | 31.3.17 |
£ | £ |
Bank loans |
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Bank loans are secured by way of fixed and floating charges over the assets of the company. |
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11. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.3.18 | 31.3.17 |
value: | £ | £ |
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Ordinary | £1 | 100 | 100 |
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Ordinary B non-voting | £1 | 5 | 5 |
105 | 105 |
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12. | RESERVES |
Retained |
earnings |
£ |
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At 1 April 2017 |
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Profit for the year |
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Dividends | ( |
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At 31 March 2018 |
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13. | CONTINGENT LIABILITIES |
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The company has given a cross guarantee with other group members, Tonhout Crane Hire Limited |
and M & M Mobile Crane Hire Limited over all all the assets of the respective company's. |
M & M CRANE HIRE LTD (REGISTERED NUMBER: 03902363) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 March 2018 |
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14. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to directors subsisted during the years ended 31 March 2018 and |
31 March 2017: |
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31.3.18 | 31.3.17 |
£ | £ |
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Balance outstanding at start of year |
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Amounts advanced |
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Amounts repaid | ( |
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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
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Balance outstanding at start of year |
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Amounts advanced |
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Amounts repaid | ( |
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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
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Balance outstanding at start of year |
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Amounts advanced |
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Amounts repaid | ( |
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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
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15. | ULTIMATE CONTROLLING PARTY |
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The company's parent undertaking is M & M Group (Holdings) Ltd, a company incorporated in |
England and Wales. |
Chartered Certified Accountants' Report to the Board of Directors |
on the Unaudited Financial Statements of |
M & M Crane Hire Ltd |
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The following reproduces the text of the report prepared for the directors in respect of the company's |
annual unaudited financial statements. In accordance with the Companies Act 2006, the company is |
only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive |
Income and certain other primary statements and the Report of the Directors are not required to be |
filed with the Registrar of Companies. |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your |
approval the financial statements of M & M Crane Hire Ltd for the year ended 31 March 2018 which |
comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the |
related notes from the company's accounting records and from information and explanations you have given |
us. |
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As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook. |
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This report is made solely to the Board of Directors of M & M Crane Hire Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of M & M Crane Hire Ltd and state those matters that we have agreed to state to the Board of Directors of M & M Crane Hire Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report. |
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It is your duty to ensure that M & M Crane Hire Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of M & M Crane Hire Ltd. You consider that M & M Crane Hire Ltd is exempt from the statutory audit requirement for the year. |
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We have not been instructed to carry out an audit or a review of the financial statements of M & M Crane Hire Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
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337 Bath Road |
Slough |
Berkshire |
SL1 5PR |
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