REGISTERED NUMBER:
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BOB GAY PLANT HIRE LIMITED |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD |
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8 AUGUST 2018 TO 31 DECEMBER 2019 |
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REGISTERED NUMBER:
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BOB GAY PLANT HIRE LIMITED |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD |
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8 AUGUST 2018 TO 31 DECEMBER 2019 |
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BOB GAY PLANT HIRE LIMITED (REGISTERED NUMBER: 11506481) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 8 AUGUST 2018 TO 31 DECEMBER 2019 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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BOB GAY PLANT HIRE LIMITED |
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COMPANY INFORMATION |
FOR THE PERIOD 8 AUGUST 2018 TO 31 DECEMBER 2019 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
Elfed House |
Oak Tree Court |
Cardiff Gate Business Park |
CARDIFF |
County of Cardiff |
CF23 8RS |
BOB GAY PLANT HIRE LIMITED (REGISTERED NUMBER: 11506481) |
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BALANCE SHEET |
31 DECEMBER 2019 |
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Notes | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 6 | ( |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
7 |
( |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 9 |
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Retained earnings | ( |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered. |
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The financial statements were approved for issue by the Board of Directors and authorised for issue on
were signed on its behalf by: |
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BOB GAY PLANT HIRE LIMITED (REGISTERED NUMBER: 11506481) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 8 AUGUST 2018 TO 31 DECEMBER 2019 |
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1. | STATUTORY INFORMATION |
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Bob Gay Plant Hire 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. |
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The company's functional and presentational currency in the financial statements is Sterling (£), rounded to the |
nearest pound. |
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The significant accounting policies applied in the presentation of these financial statements are set out below. |
These policies have been consistently applied to all years presented unless otherwise stated. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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The company has early adopted the 'Triennial review 2017 amendments'. |
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There have been no material departures from Financial Reporting Standard 102 1A. |
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Turnover |
Turnover represents amounts receivable in respect of the hire of heavy plant during the year, excluding value |
added tax. |
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Tangible fixed assets |
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Plant and machinery | - |
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Office Equipment | - |
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Motor vehicles | - |
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Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes costs directly attributable |
to making the asset capable of operating as intended. |
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Taxation |
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year and |
is calculated using the tax rates and laws that have been enacted or substantively enacted at 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 period 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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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the |
lease. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was
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BOB GAY PLANT HIRE LIMITED (REGISTERED NUMBER: 11506481) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 8 AUGUST 2018 TO 31 DECEMBER 2019 |
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4. | TANGIBLE FIXED ASSETS |
Plant and | Office | Motor |
machinery | Equipment | vehicles | Totals |
£ | £ | £ | £ |
COST |
Additions |
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Reclassification/transfer |
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At 31 December 2019 |
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DEPRECIATION |
Charge for period |
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Reclassification/transfer |
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At 31 December 2019 |
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NET BOOK VALUE |
At 31 December 2019 |
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5. | DEBTORS |
£ |
Amounts falling due within one year: |
Trade debtors |
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Prepayments |
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Amounts falling due after more than one year: |
Other debtors |
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Aggregate amounts |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Hire purchase contracts |
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Trade creditors |
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Social security and other taxes |
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VAT | 20,595 |
Other creditors |
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Accrued expenses |
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7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
£ |
Hire purchase contracts |
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Directors' loan accounts | 586,250 |
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BOB GAY PLANT HIRE LIMITED (REGISTERED NUMBER: 11506481) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 8 AUGUST 2018 TO 31 DECEMBER 2019 |
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8. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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£ |
Hire purchase contracts | 356,450 |
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The hire purchase liabilities are secured on the assets to which they relate. |
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9. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal |
value: | £ |
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Ordinary | £1 | 100,000 |