Registered Number 05674830

A.B.C. - TOP MIXER HIRE LIMITED

Abbreviated Accounts

31 March 2016

A.B.C. - TOP MIXER HIRE LIMITED Registered Number 05674830

Abbreviated Balance Sheet as at 31 March 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 707,430 844,407
707,430 844,407
Current assets
Debtors 19,484 117,797
Cash at bank and in hand 7,515 5,914
26,999 123,711
Creditors: amounts falling due within one year (210,588) (295,215)
Net current assets (liabilities) (183,589) (171,504)
Total assets less current liabilities 523,841 672,903
Creditors: amounts falling due after more than one year (364,444) (547,131)
Total net assets (liabilities) 159,397 125,772
Capital and reserves
Called up share capital 2,502 2,502
Profit and loss account 156,895 123,270
Shareholders' funds 159,397 125,772
  • For the year ending 31 March 2016 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 30 December 2016

And signed on their behalf by:
P A Smith, Director

A.B.C. - TOP MIXER HIRE LIMITED Registered Number 05674830

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the year, excluding Value Added Tax and trade discounts.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset at the following rates:
Plant and machinery – 15% straight line
Commercial vehicles – 25% reducing balance
Computer equipment – 25% straight line

Other accounting policies
Hire purchase and finance agreements
Assets held under finance agreements are capitalised and disclosed under tangible fixed assets at their fair value. The capital element of the future payments is treated as a liability and the interest is charged to the profit and loss account on a straight line basis.
Operating leases
Rentals applicable to operating leases where substantially all of the benefit and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

2Tangible fixed assets
£
Cost
At 1 April 2015 1,577,708
Additions 648
Disposals -
Revaluations -
Transfers -
At 31 March 2016 1,578,356
Depreciation
At 1 April 2015 733,301
Charge for the year 137,625
On disposals -
At 31 March 2016 870,926
Net book values
At 31 March 2016 707,430
At 31 March 2015 844,407