REGISTERED NUMBER: 04749555 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2017

FOR

A & S BROWN PLANT HIRE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A H Brown

Mrs S B Brown

L Brown

SECRETARY:

Mrs S B Brown

REGISTERED OFFICE:

1 Swan Wood Park

Gun Hill

Horam

East Sussex

TN21 0LL

REGISTERED NUMBER:

04749555 (England and Wales)

ACCOUNTANTS:

Aequitas Limited

1 Swan Wood Park

Gun Hill

Horam

East Sussex

TN21 0LL

FIXED ASSETS

Intangible assets

3

12,069

14,082

Tangible assets

4

85,320

87,731

97,389

101,813

CURRENT ASSETS

Debtors

5

38,761

2,412

Cash at bank

1,473

16,795

40,234

19,207

CREDITORS

Amounts falling due within one year

6

105,919

86,503

NET CURRENT LIABILITIES

(65,685

)

(67,296

)

TOTAL ASSETS LESS CURRENT LIABILITIES

31,704

34,517

CREDITORS

Amounts falling due after more than one year

7

(1,994

)

(8,805

)

PROVISIONS FOR LIABILITIES

(16,928

)

(17,546

)

NET ASSETS

12,782

8,166

CAPITAL AND RESERVES

Called up share capital

210

210

Retained earnings

12,572

7,956

SHAREHOLDERS' FUNDS

12,782

8,166

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 21 July 2017 and were signed on its behalf by:

A H Brown - Director

1.	STATUTORY INFORMATION

A & S Brown 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured

at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

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.

Current or deferred taxation assets and liabilities are not discounted.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

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.

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.

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.

3.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2016

and 31 March 2017

40,250

AMORTISATION

At 1 April 2016

26,168

Charge for year

2,013

At 31 March 2017

28,181

NET BOOK VALUE

At 31 March 2017

12,069

At 31 March 2016

14,082

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 April 2016

122,324

2,772

21,663

146,759

Additions

29,140

-

1,833

30,973

Disposals

(23,000

)

-

-

(23,000

)

At 31 March 2017

128,464

2,772

23,496

154,732

DEPRECIATION

At 1 April 2016

48,345

1,741

8,942

59,028

Charge for year

12,975

154

3,638

16,767

Eliminated on disposal

(6,383

)

-

-

(6,383

)

At 31 March 2017

54,937

1,895

12,580

69,412

NET BOOK VALUE

At 31 March 2017

73,527

877

10,916

85,320

At 31 March 2016

73,979

1,031

12,721

87,731

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade debtors

31,923

-

Other debtors

6,838

2,412

38,761

2,412

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Bank loans and overdrafts

-

3,883

Hire purchase contracts

6,021

6,021

Trade creditors

11,251

6,449

Taxation and social security

11,469

6,019

Other creditors

77,178

64,131

105,919

86,503

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.17

31.3.16

£

£

Bank loans

-

790

Hire purchase contracts

1,994

8,015

1,994

8,805