REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31st May 2023 |
for |
Polka Plant Hire Ltd |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31st May 2023 |
for |
Polka Plant Hire Ltd |
Polka Plant Hire Ltd (Registered number: 09045830) |
Contents of the Financial Statements |
for the Year Ended 31st May 2023 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Polka Plant Hire Ltd |
Company Information |
for the Year Ended 31st May 2023 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
6 Manchester Road |
Buxton |
Derbyshire |
SK17 6SB |
Polka Plant Hire Ltd (Registered number: 09045830) |
Abridged Balance Sheet |
31st May 2023 |
31.5.23 | 31.5.22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
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. |
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 and authorised for issue on |
Polka Plant Hire Ltd (Registered number: 09045830) |
Notes to the Financial Statements |
for the Year Ended 31st May 2023 |
1. | STATUTORY INFORMATION |
Polka Plant Hire Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Tangible fixed assets |
Plant and machinery | - |
Motor vehicles | - |
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. |
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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
Polka Plant Hire Ltd (Registered number: 09045830) |
Notes to the Financial Statements - continued |
for the Year Ended 31st May 2023 |
4. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1st June 2022 |
Additions |
Disposals | ( |
) |
At 31st May 2023 |
DEPRECIATION |
At 1st June 2022 |
Charge for year |
Eliminated on disposal | ( |
) |
At 31st May 2023 |
NET BOOK VALUE |
At 31st May 2023 |
At 31st May 2022 |
Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
Totals |
£ |
COST |
At 1st June 2022 | 56,045 |
Additions | 23,000 |
Transfer to ownership | (8,995 | ) |
At 31st May 2023 | 70,050 |
DEPRECIATION |
At 1st June 2022 | 13,184 |
Charge for year | 15,697 |
Transfer to ownership | (6,126 | ) |
At 31st May 2023 | 22,755 |
NET BOOK VALUE |
At 31st May 2023 | 47,295 |
At 31st May 2022 | 42,861 |
5. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
Included in 2023 creditors within 1 year is £74,510 (2022: £26,570) owed to the director by the company |
Included in 2023 creditors due after 1 year is £60,000 (2022: £60,000) owed to the director. |
These loans are interest free and repayable on demand. |