Registration number:
for the Year Ended
SG HIRE LIMITED
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The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4 ) have been prepared.
Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
SG HIRE LIMITED
for the Year Ended 30 September 2016
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of SG HIRE LIMITED for the year ended 30 September 2016 set out on pages from the company's accounting records and from information and explanations you have given us.
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/en/member/professional-standards/rules-standards/acca-rulebook.html .
This report is made solely to the Board of Directors of SG HIRE LIMITED, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of SG HIRE LIMITED and state those matters that we have agreed to state to them, 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/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SG HIRE LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that SG HIRE LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of SG HIRE LIMITED. You consider that SG HIRE LIMITED is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of SG HIRE LIMITED. 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 accounts.
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SP Mc Keown & Co Ltd
Chartered Certified Accountants & Tax Advisors
5 Lower Catherine Street
Newry
County Down
BT35 6BE
30 June 2017
SG HIRE LIMITED
(Registration number: NI626807)
Abbreviated Balance Sheet at 30 September 2016
Note |
30 September 2016
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30 September 2015
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Fixed assets |
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Tangible fixed assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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( |
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Net current assets/(liabilities) |
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Net assets/(liabilities) |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders' funds/(deficit) |
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( |
Approved by the director on
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Mr Seamus Graham
Director
2
SG HIRE LIMITED
Notes to the Abbreviated Accounts for the Year Ended 30 September 2016
......... continued
Accounting policies |
Basis of preparation
Going concern
The financial statements have been prepared on a going concern basis.
Turnover
Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Plant and Machinery |
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Financial instruments
SG HIRE LIMITED
Notes to the Abbreviated Accounts for the Year Ended 30 September 2016
......... continued
Fixed assets |
Tangible assets
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Total
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Cost |
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At 1 October 2015 |
81,210 |
81,210 |
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At 30 September 2016 |
81,210 |
81,210 |
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Depreciation |
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At 1 October 2015 |
8,121 |
8,121 |
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Charge for the year |
7,309 |
7,309 |
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At 30 September 2016 |
15,430 |
15,430 |
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Net book value |
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At 30 September 2016 |
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At 30 September 2015 |
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Share capital |
Allotted, called up and fully paid shares
30 September 2016 |
30 September 2015 |
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No. |
£ |
No. |
£ |
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Related party transactions |
Director's advances and credits |
Year ended 30 September 2016 |
Year ended 30 September 2016 |
23 September 2014 to 30 September 2015 |
23 September 2014 to 30 September 2015 |
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Mr Seamus Graham |
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- |
4,450 |
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