REGISTERED NUMBER: 04941851 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2017

for

A & R Plant Hire (North West) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A L Dinsdale

R J Dinsdale

SECRETARY:

R J Dinsdale

REGISTERED OFFICE:

Suites 5 & 6, The Printworks

Hey Road

Barrow

Clitheroe

Lancashire

BB7 9WB

REGISTERED NUMBER:

04941851 (England and Wales)

ACCOUNTANTS:

Bennett Kirkhope Smith

Chartered Certified Accountants

Suites 5 & 6 The Printworks

Hey Road

Barrow

Clitheroe

Lancashire

BB7 9WB

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

160,107

162,662

160,107

162,662

CURRENT ASSETS

Debtors

6

46,392

32,642

Cash at bank and in hand

9,555

114

55,947

32,756

CREDITORS

Amounts falling due within one year

7

116,150

101,248

NET CURRENT LIABILITIES

(60,203

)

(68,492

)

TOTAL ASSETS LESS CURRENT LIABILITIES

99,904

94,170

CREDITORS

Amounts falling due after more than one year

8

(17,069

)

(28,111

)

PROVISIONS FOR LIABILITIES

10

(30,420

)

(32,530

)

NET ASSETS

52,415

33,529

CAPITAL AND RESERVES

Called up share capital

11

150

150

Retained earnings

52,265

33,379

SHAREHOLDERS' FUNDS

52,415

33,529

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 28 June 2018 and were signed on its behalf by:

A L Dinsdale - Director

1.	STATUTORY INFORMATION

A & R Plant Hire (North West) Ltd 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.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A

These financial statements for the year ended 30 September 2017 are the first that are prepared in accordance

with FRS 102 Section 1A. The previous financial statements were prepared in accordance with UK GAAP, the

date of transition to FRS 102 Section 1A is 1 October 2015.

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 ten 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

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

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.

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 6 (2016 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2016

and 30 September 2017

24,000

AMORTISATION

At 1 October 2016

and 30 September 2017

24,000

NET BOOK VALUE

At 30 September 2017

-

At 30 September 2016

-

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 October 2016

250,893

19,483

1,072

271,448

Additions

12,799

3,500

400

16,699

Disposals

-

(1,583

)

-

(1,583

)

At 30 September 2017

263,692

21,400

1,472

286,564

DEPRECIATION

At 1 October 2016

91,576

16,467

743

108,786

Charge for year

17,212

969

183

18,364

Eliminated on disposal

-

(693

)

-

(693

)

At 30 September 2017

108,788

16,743

926

126,457

NET BOOK VALUE

At 30 September 2017

154,904

4,657

546

160,107

At 30 September 2016

159,317

3,016

329

162,662

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

Plant and

machinery

£

COST

At 1 October 2016

119,250

Additions

8,250

Transfer to ownership

(44,000

)

At 30 September 2017

83,500

DEPRECIATION

At 1 October 2016

10,934

Charge for year

8,066

Transfer to ownership

(8,101

)

At 30 September 2017

10,899

NET BOOK VALUE

At 30 September 2017

72,601

At 30 September 2016

108,316

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.17

30.9.16

£

£

Trade debtors

44,123

30,627

Prepayments

2,269

2,015

46,392

32,642

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.17

30.9.16

£

£

Bank loans and overdrafts

-

2,723

Hire purchase contracts

17,167

19,331

Trade creditors

33,509

25,592

Corporation tax

8,964

1,773

Social security and other taxes

794

599

VAT

9,970

3,632

Other creditors

22

-

Directors' current accounts

42,424

44,480

Accruals

3,300

3,118

116,150

101,248

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.17

30.9.16

£

£

Hire purchase contracts

17,069

28,111

9.	SECURED DEBTS

The following secured debts are included within creditors:

30.9.17

30.9.16

£

£

Hire purchase contracts

34,236

47,442

Net obligations under finance lease and hire purchase contracts are secured by fixed charges on the assets

concerned.

10.	PROVISIONS FOR LIABILITIES

30.9.17

30.9.16

£

£

Deferred tax

30,420

32,530

Deferred

tax

£

Balance at 1 October 2016

32,530

Credit to Income Statement during year

(2,110

)

Balance at 30 September 2017

30,420

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.17

30.9.16

value:

£

£

100

Ordinary

£1

100

100

25

A Ordinary

£1

25

25

25

B Ordinary

£1

25

25

150

150