REGISTERED NUMBER: 06849731 (England and Wales)

A & M LLOYD PLANT HIRE LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A M Lloyd

SECRETARY:

Mrs G M Lloyd

REGISTERED OFFICE:

Llwyn Bach

Bala Road

Dolgellau

Gwynedd

LL40 2YF

REGISTERED NUMBER:

06849731 (England and Wales)

ACCOUNTANTS:

E W Owen & Co

Glyndwr Buildings

Glyndwr Street

Dolgellau

Gwynedd

LL40 1BB

FIXED ASSETS

Intangible assets

4

2,000

4,000

Tangible assets

5

1,100,118

973,724

1,102,118

977,724

CURRENT ASSETS

Debtors

6

206,688

230,102

Cash at bank

98,097

54,050

304,785

284,152

CREDITORS

Amounts falling due within one year

7

1,125,578

992,115

NET CURRENT LIABILITIES

(820,793

)

(707,963

)

TOTAL ASSETS LESS CURRENT LIABILITIES

281,325

269,761

PROVISIONS FOR LIABILITIES

8

140,586

144,916

NET ASSETS

140,739

124,845

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

140,737

124,843

SHAREHOLDERS' FUNDS

140,739

124,845

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 4 December 2018 and were signed by:

A M Lloyd - Director

1.	STATUTORY INFORMATION

A & M Lloyd 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 0, is being amortised evenly over its estimated useful life of nil 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 etc

-

25% on reducing balance, 20% on reducing balance and 15% 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.

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 7 (2017 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2017

and 31 March 2018

20,000

AMORTISATION

At 1 April 2017

16,000

Charge for year

2,000

At 31 March 2018

18,000

NET BOOK VALUE

At 31 March 2018

2,000

At 31 March 2017

4,000

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2017

2,071,182

10,758

154,433

2,648

2,239,021

Additions

522,675

-

7,540

360

530,575

Disposals

(188,309

)

-

-

-

(188,309

)

At 31 March 2018

2,405,548

10,758

161,973

3,008

2,581,287

DEPRECIATION

At 1 April 2017

1,153,585

3,960

105,854

1,898

1,265,297

Charge for year

262,827

1,019

14,030

167

278,043

Eliminated on disposal

(62,171

)

-

-

-

(62,171

)

At 31 March 2018

1,354,241

4,979

119,884

2,065

1,481,169

NET BOOK VALUE

At 31 March 2018

1,051,307

5,779

42,089

943

1,100,118

At 31 March 2017

917,597

6,798

48,579

750

973,724

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

176,308

199,722

Other debtors

30,380

30,380

206,688

230,102

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Hire purchase contracts

496,714

360,938

Trade creditors

17,086

14,572

Taxation and social security

2,167

14,165

Other creditors

609,611

602,440

1,125,578

992,115

8.	PROVISIONS FOR LIABILITIES

2018

2017

£

£

Deferred tax

140,586

144,916

Deferred

tax

£

Balance at 1 April 2017

144,916

Provided during year

(4,330

)

Balance at 31 March 2018

140,586

9.	RELATED PARTY DISCLOSURES

10.	ULTIMATE CONTROLLING PARTY

The controlling party is A M Lloyd.