Company Registration No. 04602430 (England and Wales)
The Production Hire Company Ltd
Unaudited accounts
for the year ended 28 February 2017
The Production Hire Company Ltd
Unaudited accounts
Contents
The Production Hire Company Ltd
Company Information
for the year ended 28 February 2017
Company Number
04602430 (England and Wales)
Registered Office
90B HIGH STREET
BRACKLEY
NORTHANTS
NN13 7DR
Accountants
Thyme Accounting Services Limited
Flat 10 Leighton Lodge
15 Branksome Wood Road
Bournemouth
Dorset
BH2 6BX
The Production Hire Company Ltd
Accountants' report
Accountants' report to the director of The Production Hire Company Ltd on the preparation of the unaudited statutory accounts for the year ended 28 February 2017
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
The Production Hire Company Ltd for the year ended
28 February 2017 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of The Production Hire Company Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of The Production Hire Company Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Production Hire Company Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that The Production Hire Company Ltd 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 The Production Hire Company Ltd. You consider that The Production Hire Company Ltd 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 The Production Hire Company 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 accounts.
Thyme Accounting Services Limited
Flat 10 Leighton Lodge
15 Branksome Wood Road
Bournemouth
Dorset
BH2 6BX
30 November 2017
The Production Hire Company Ltd
Statement of financial position
as at
28 February 2017
Tangible assets
457,910
448,899
Cash at bank and in hand
45,040
52,488
Creditors: amounts falling due within one year
(215,239)
(216,098)
Net current liabilities
(106,964)
(81,800)
Total assets less current liabilities
350,946
367,099
Creditors: amounts falling due after more than one year
(10,347)
(21,046)
Provisions for liabilities
Deferred tax
(84,455)
(82,132)
Net assets
256,144
263,921
Called up share capital
2
2
Profit and loss account
256,142
263,919
Shareholders' funds
256,144
263,921
For the year ending 28 February 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 30 November 2017.
Mark Neil
Director
Company Registration No. 04602430
The Production Hire Company Ltd
Notes to the Accounts
for the year ended 28 February 2017
The Production Hire Company Ltd is a private company, limited by shares, registered in England and Wales, registration number 04602430. The registered office is 90B HIGH STREET, BRACKLEY, NORTHANTS, NN13 7DR.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 28 February 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 March 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% per annum on a reducing balance basis
Motor vehicles
25% per annum on a reducing balance basis
Fixtures & fittings
25% per annum on a reducing balance basis
Computer equipment
25% per annum on a reducing balance basis
The Production Hire Company Ltd
Notes to the Accounts
for the year ended 28 February 2017
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 March 2016
1,145,633
84,460
5,056
9,766
1,244,915
Additions
173,147
14,000
-
-
187,147
Disposals
(25,500)
-
-
-
(25,500)
At 28 February 2017
1,293,280
98,460
5,056
9,766
1,406,562
At 1 March 2016
741,926
43,270
3,520
7,300
796,016
Charge for the year
137,838
13,798
384
616
152,636
At 28 February 2017
879,764
57,068
3,904
7,916
948,652
At 28 February 2017
413,516
41,392
1,152
1,850
457,910
At 29 February 2016
403,707
41,190
1,536
2,466
448,899
Trade debtors
55,469
74,993
Accrued income and prepayments
3,001
4,856
Other debtors
4,765
1,961
6
Creditors: amounts falling due within one year
2017
2016
Bank loans and overdrafts
5,770
-
Trade creditors
140,658
132,923
Taxes and social security
33,133
46,067
Other creditors
27,373
37,108
7
Creditors: amounts falling due after more than one year
2017
2016
8
Share capital
2017
2016
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
9
Average number of employees
During the year the average number of employees was 0 (2016: 0).