REGISTERED NUMBER: 04874877 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2016

for

A & M Plant Hire Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

G A Davies

E R Davies

SECRETARY:

G A Davies

REGISTERED OFFICE:

The Old Barn

Llanddarog Road

Carmarthen

Dyfed

SA32 8BG

REGISTERED NUMBER:

04874877 (England and Wales)

ACCOUNTANTS:

Eagle Accountancy (UK) Limited

2 Coracle Offices

St Catherine Street

Carmarthen

Carmarthenshire

SA31 1RD

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

280,515

253,934

280,515

253,934

CURRENT ASSETS

Stocks

6

4,400

13,850

Debtors

7

49,453

29,913

Cash at bank and in hand

2,419

11,083

56,272

54,846

CREDITORS

Amounts falling due within one year

8

84,195

76,721

NET CURRENT LIABILITIES

(27,923

)

(21,875

)

TOTAL ASSETS LESS CURRENT LIABILITIES

252,592

232,059

CREDITORS

Amounts falling due after more than one year

9

(16,460

)

(31,066

)

PROVISIONS FOR LIABILITIES

(48,466

)

(48,466

)

NET ASSETS

187,666

152,527

CAPITAL AND RESERVES

Called up share capital

75

75

Retained earnings

187,591

152,452

SHAREHOLDERS' FUNDS

187,666

152,527

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 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 29 September 2017 and were signed on its behalf by:

G A Davies - Director

E R Davies - Director

1.	STATUTORY INFORMATION

A & M 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 2003, is being amortised evenly over its estimated useful life of five 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

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

50% on reducing balance

Stocks & work in progress

Work in progress is valued at it's net realisable value and is based on time spent on jobs not yet invoiced as at the

balance sheet date.

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 statement of financial position date.

Deferred tax

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

statement of financial position 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.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2016

and 31 December 2016

17,250

AMORTISATION

At 1 January 2016

and 31 December 2016

17,250

NET BOOK VALUE

At 31 December 2016

-

At 31 December 2015

-

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2016

503,692

12,135

2,027

517,854

Additions

97,135

-

-

97,135

At 31 December 2016

600,827

12,135

2,027

614,989

DEPRECIATION

At 1 January 2016

255,877

6,148

1,895

263,920

Charge for year

68,990

1,497

67

70,554

At 31 December 2016

324,867

7,645

1,962

334,474

NET BOOK VALUE

At 31 December 2016

275,960

4,490

65

280,515

At 31 December 2015

247,815

5,987

132

253,934

6.

STOCKS

31.12.16

31.12.15

£

£

Stocks

-

250

Work-in-progress

4,400

13,600

4,400

13,850

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Trade debtors

49,453

29,913

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Bank loans and overdrafts

297

-

Hire purchase contracts

40,416

31,915

Trade creditors

13,999

10,587

Tax

9,190

9,190

Social security and other taxes

18,103

17,961

Other creditors

846

2,498

Directors' loan accounts

1,029

4,255

Accruals and deferred income

315

315

84,195

76,721

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.16

31.12.15

£

£

Hire purchase contracts

16,460

31,066