Company Registration No. 04012806 (England and Wales)
TECHNICAL MAINS HIRE LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2015
TECHNICAL MAINS HIRE LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
TECHNICAL MAINS HIRE LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2015
31 December 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
341,819
267,566
Current assets
Debtors
1,102
6,546
Cash at bank and in hand
87
8
1,189
6,554
Creditors: amounts falling due within one year
(76,172)
(90,054)
Net current liabilities
(74,983)
(83,500)
Total assets less current liabilities
266,836
184,066
Creditors: amounts falling due after more than one year
(4,033)
(8,871)
Provisions for liabilities
(30,718)
(38,276)
232,085
136,919
Capital and reserves
Called up share capital
3
100
100
Revaluation reserve
49,127
70,963
Profit and loss account
182,858
65,856
Shareholders' funds
232,085
136,919
TECHNICAL MAINS HIRE LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2015
31 December 2015
- 2 -
For the financial year ended 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 6 July 2016
J Singleton
Director
Company Registration No. 04012806
TECHNICAL MAINS HIRE LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015
- 3 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention modified to include the revaluation of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.3
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery
10% straight line
Fixtures, fittings & equipment
10% straight line
Motor vehicles
10% straight line
The part of the annual depreciation charge on revalued assets which relates to the revaluation surplus is transferred from the revaluation reserve to the profit and loss account.
1.4
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
2
Fixed assets
Tangible assets
£
Cost or valuation
At 1 January 2015
848,255
Additions
155,214
At 31 December 2015
1,003,469
Depreciation
At 1 January 2015
580,690
Charge for the year
80,960
At 31 December 2015
661,650
Net book value
At 31 December 2015
341,819
At 31 December 2014
267,566
TECHNICAL MAINS HIRE LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2015
- 4 -
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
100 ordinary of £1 each
100
100