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Unaudited Financial Statements |
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For The Year Ended 30 September 2017 |
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Cheltenham Plant Hire Ltd |
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REGISTERED NUMBER:
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Unaudited Financial Statements |
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For The Year Ended 30 September 2017 |
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for |
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Cheltenham Plant Hire Ltd |
Cheltenham Plant Hire Ltd (Registered number: 08977561) |
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Contents of the Financial Statements |
For The Year Ended 30 September 2017 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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Cheltenham Plant Hire Ltd |
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Company Information |
For The Year Ended 30 September 2017 |
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DIRECTOR: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
Goodridge Court |
Goodridge Avenue |
Gloucester |
Gloucestershire |
GL2 5EN |
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BANKERS: |
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21 Eastgate Street |
Gloucester |
GL1 1NH |
Cheltenham Plant Hire Ltd (Registered number: 08977561) |
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Balance Sheet |
30 September 2017 |
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30.9.17 | 30.9.16 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT (LIABILITIES)/ASSETS | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 7 |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS | ( |
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The director acknowledges her responsibilities for: |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director on
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Cheltenham Plant Hire Ltd (Registered number: 08977561) |
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Notes to the Financial Statements |
For The Year Ended 30 September 2017 |
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1. | STATUTORY INFORMATION |
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Cheltenham Plant Hire Ltd is a
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The company's registered number and registered office address can be found on the Company |
Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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These are the first financial statements prepared in accordance with FRS 102 and as such the |
effective date of transition to FRS 102 was 1 October 2016. The transition had no adjusting effect on |
the previously reported financial position and financial performance. |
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Turnover |
Turnover is recognised at the fair value of the consideration received or receivable for |
machine hire and services provided in the normal course of business, and is shown net of |
VAT and other sales related taxes. The fair value of consideration takes into account trade |
discounts, settlement discounts and volume rebates. |
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Revenue from machine hires and service provision is recognised on an accruals basis according to |
the period of hire. |
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Tangible fixed assets |
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Plant and machinery etc | - |
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Financial instruments |
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' |
and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial |
instruments. |
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Financial instruments are recognised in the company's statement of financial position when the |
company becomes party to the contractual provisions of the instrument. |
Financial assets and liabilities are offset, with the net amounts presented in the financial |
statements, when there is a legally enforceable right to set off the recognised amounts and |
there is an intention to settle on a net basis or to realise the asset and settle the liability |
simultaneously. |
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Basic Financial Assets |
Basic financial assets, which include trade and other receivables and cash and bank balances, |
are initially measured at transaction price including transaction costs and are subsequently |
carried at amortised cost using the effective interest method unless the arrangement constitutes |
a financing transaction, where the transaction is measured at the present value of the future |
receipts discounted at a market rate of interest. |
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Basic Financial Liabilities |
Basic financial liabilities, including trade and other payables, bank loans, loans from fellow |
Group companies and preference shares that are classified as debt, are initially recognised at |
transaction price unless the arrangement constitutes a financing transaction, where the debt |
instrument is measured at the present value of the future receipts discounted at a market rate |
of interest. |
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Cheltenham Plant Hire Ltd (Registered number: 08977561) |
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Notes to the Financial Statements - continued |
For The Year Ended 30 September 2017 |
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2. | ACCOUNTING POLICIES - continued |
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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
the balance sheet date. |
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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. |
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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. |
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Going concern |
The balance sheet is showing a deficit on capital and reserves as at 30 September 2017. This |
indicates that the company is reliant on the continued support of its creditors to continue as a going |
concern. The director considers that this support will be forthcoming for the foreseeable future and that |
it is appropriate to prepare the accounts on a a going concern basis. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | TANGIBLE FIXED ASSETS |
Computer |
equipment |
£ |
COST |
At 1 October 2016 |
and 30 September 2017 |
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DEPRECIATION |
At 1 October 2016 |
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Charge for year |
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At 30 September 2017 |
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NET BOOK VALUE |
At 30 September 2017 |
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At 30 September 2016 |
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Cheltenham Plant Hire Ltd (Registered number: 08977561) |
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Notes to the Financial Statements - continued |
For The Year Ended 30 September 2017 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.9.17 | 30.9.16 |
£ | £ |
Trade debtors |
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Other debtors |
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CIS Debtor | 22,646 | - |
VAT |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.9.17 | 30.9.16 |
£ | £ |
Trade creditors |
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Tax |
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VAT | - | 10,057 |
Other creditors |
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Directors' current accounts | 1,703 | 1,703 |
Accrued expenses |
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7. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30.9.17 | 30.9.16 |
value: | £ | £ |
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Ordinary share | 1 | 2 | 2 |