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REGISTERED NUMBER: 06578975 (England and Wales)















Financial Statements for the Year Ended 30th April 2017

for

AG James & Son (Plant Hire) Limited

AG James & Son (Plant Hire) Limited (Registered number: 06578975)






Contents of the Financial Statements
for the Year Ended 30th April 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AG James & Son (Plant Hire) Limited

Company Information
for the Year Ended 30th April 2017







DIRECTOR: Mr AG James





REGISTERED OFFICE: Tyn Llwyn Farm
Ton Y Moch Lane
Mynyddislwyn
Blackwood
NP12 2DT





REGISTERED NUMBER: 06578975 (England and Wales)

AG James & Son (Plant Hire) Limited (Registered number: 06578975)

Balance Sheet
30th April 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 123,088 101,235

CURRENT ASSETS
Stocks 5,018 4,446
Debtors 5 35,421 41,284
Cash at bank 30,155 26,556
70,594 72,286
CREDITORS
Amounts falling due within one year 6 130,501 129,075
NET CURRENT LIABILITIES (59,907 ) (56,789 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

63,181

44,446

CREDITORS
Amounts falling due after more than one
year

7

(18,779

)

(12,795

)

PROVISIONS FOR LIABILITIES (24,617 ) (20,247 )
NET ASSETS 19,785 11,404

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 19,784 11,403
SHAREHOLDERS' FUNDS 19,785 11,404

AG James & Son (Plant Hire) Limited (Registered number: 06578975)

Balance Sheet - continued
30th April 2017


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 10th January 2018 and were signed by:





Mr AG James - Director


AG James & Son (Plant Hire) Limited (Registered number: 06578975)

Notes to the Financial Statements
for the Year Ended 30th April 2017

1. STATUTORY INFORMATION

AG James & Son (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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - at variable rates on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due
allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling
costs in bringing stocks to their present location and condition.

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.

AG James & Son (Plant Hire) Limited (Registered number: 06578975)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2017

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.
Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held
under finance leases are depreciated over their estimated useful lives or the lease term, whichever is
the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The
capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the
company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st May 2016 251,115
Additions 58,850
Disposals (19,000 )
At 30th April 2017 290,965
DEPRECIATION
At 1st May 2016 149,880
Charge for year 30,771
Eliminated on disposal (12,774 )
At 30th April 2017 167,877
NET BOOK VALUE
At 30th April 2017 123,088
At 30th April 2016 101,235

AG James & Son (Plant Hire) Limited (Registered number: 06578975)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2017

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1st May 2016 167,095
Additions 58,850
Disposals (19,000 )
At 30th April 2017 206,945
DEPRECIATION
At 1st May 2016 82,128
Charge for year 27,518
Eliminated on disposal (12,774 )
At 30th April 2017 96,872
NET BOOK VALUE
At 30th April 2017 110,073
At 30th April 2016 84,967

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 33,850 39,468
Other debtors 1,571 1,816
35,421 41,284

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Hire purchase contracts 18,183 21,849
Trade creditors 12,065 13,713
Taxation and social security 13,401 24,587
Other creditors 86,852 68,926
130,501 129,075

AG James & Son (Plant Hire) Limited (Registered number: 06578975)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2017

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2017 2016
£    £   
Hire purchase contracts 18,779 12,795

8. SECURED DEBTS

The following secured debts are included within creditors:

2017 2016
£    £   
Hire purchase contracts 36,962 34,644