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Unaudited Financial Statements for the Year Ended 31 March 2018 |
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R & A PLANT HIRE LIMITED |
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REGISTERED NUMBER:
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Unaudited Financial Statements for the Year Ended 31 March 2018 |
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for |
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R & A PLANT HIRE LIMITED |
R & A PLANT HIRE LIMITED (REGISTERED NUMBER: 02780129) |
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Contents of the Financial Statements |
for the Year Ended 31 March 2018 |
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Company Information | 1 |
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Statement of Financial Position | 2 |
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Notes to the Financial Statements | 3 |
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R & A PLANT HIRE LIMITED |
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Company Information |
for the Year Ended 31 March 2018 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
30 Star Hill |
Rochester |
Kent |
ME1 1XB |
R & A PLANT HIRE LIMITED (REGISTERED NUMBER: 02780129) |
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Statement of Financial Position |
31 March 2018 |
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2018 | 2017 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank |
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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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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their responsibilities for: |
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ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the
Companies Act 2006 and |
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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 Income Statement 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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R & A PLANT HIRE LIMITED (REGISTERED NUMBER: 02780129) |
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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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R & A Plant Hire Limited 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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The presentation currency of the financial statements is the Pound Sterling (£). |
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The financial statements relate to the individual entity only. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value |
Added Tax and trade discounts. Turnover arising from service contracts is recognised when the |
company obtains the right to consideration.Turnover from lease transactions is recognised on a |
straight line basis over the period of the lease. |
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Tangible fixed assets |
Tangible fixed assets are stated at cost less depreciation. |
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Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated |
residual value, over their expected useful lives on the following bases: |
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Motor Vehicles 25% reducing balance basis |
Plant and Equipment 25% reducing balance basis |
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At each statement of financial position date, the company reviews the carrying amount of its tangible |
fixed assets to determine whether there is any indication that any items have suffered an impairment |
loss. If any such indication exists, the recoverable amount of an asset is estimated in order to |
determine the extent of the impairment loss, if any. |
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Financial instruments |
The Company only enters into basic financial instruments that result in the recognition of financial |
assets and liabilities such as trade and other debtors and creditors. |
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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 statement of financial position date. |
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R & A PLANT HIRE LIMITED (REGISTERED NUMBER: 02780129) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 March 2018 |
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2. | ACCOUNTING POLICIES - continued |
Deferred taxation |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
the statement of financial position 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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Operating lease income |
Income from operating leases is recognised 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 year was
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4. | TANGIBLE FIXED ASSETS |
Plant & | Motor |
Equipment | vehicles | Totals |
£ | £ | £ |
COST |
At 1 April 2017 |
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Additions |
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Disposals |
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At 31 March 2018 |
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DEPRECIATION |
At 1 April 2017 |
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Charge for year |
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Eliminated on disposal |
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( |
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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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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade debtors |
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Amounts owed by related company |
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Prepayments and accrued income |
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R & A PLANT HIRE LIMITED (REGISTERED NUMBER: 02780129) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 March 2018 |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade creditors |
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VAT | 449 | 592 |
Accruals and deferred income |
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