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REGISTERED NUMBER: 08481721 (England and Wales)








Unaudited Financial Statements

for the Year Ended 30 April 2018

for

JV Hire Services Limited

JV Hire Services Limited (Registered number: 08481721)

Contents of the Financial Statements
for the Year Ended 30 April 2018










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JV Hire Services Limited

Company Information
for the Year Ended 30 April 2018







DIRECTORS: J D Randall
K J Purver





REGISTERED OFFICE: Unit 13 Enterprise Court
Rankine Road
Basingstoke
Hampshire
RG24 8GE





REGISTERED NUMBER: 08481721 (England and Wales)





ACCOUNTANTS: Lane Monnington Welton
Chartered Accountants
Riverside View
Basing Road
Old Basing
Basingstoke
Hampshire
RG24 7AL

JV Hire Services Limited (Registered number: 08481721)

Balance Sheet
30 April 2018

30.4.18 30.4.17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 105,002 108,882

CURRENT ASSETS
Debtors 5 5,618 5,457
Cash at bank 159 52
5,777 5,509
CREDITORS
Amounts falling due within one year 6 71,710 66,150
NET CURRENT LIABILITIES (65,933 ) (60,641 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

39,069

48,241

CREDITORS
Amounts falling due after more than one
year

7

-

(2,639

)

PROVISIONS FOR LIABILITIES 10 (15,082 ) (15,308 )
NET ASSETS 23,987 30,294

CAPITAL AND RESERVES
Called up share capital 50 1
Retained earnings 23,937 30,293
SHAREHOLDERS' FUNDS 23,987 30,294

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2018 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.

JV Hire Services Limited (Registered number: 08481721)

Balance Sheet - continued
30 April 2018


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 5 October 2018 and were signed on its
behalf by:





K J Purver - Director


JV Hire Services Limited (Registered number: 08481721)

Notes to the Financial Statements
for the Year Ended 30 April 2018


1. STATUTORY INFORMATION

JV Hire Services 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 represents the value of services provided under contracts to the extent that there is a right to
consideration and is recorded at the value of the consideration due. Where a contract has only been
partially completed at the balance sheet date turnover represents the value of the service provided to
date based on a proportion of the total expected consideration at completion. Where payments are
received from customers in advance of services provided, the amounts are recorded as deferred
income and included as part of creditors due within one year.

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 - 10% on cost
Motor vehicles - 25% on reducing balance

Financial instruments
Debtors and creditors payable/receivable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are
recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss
account in other administrative expenses.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price, including transaction costs.
Subsequently they are measured at amortised cost using the effective interest rate method, less
impairment. If an arrangement constitutes a finance transaction it is measured at present value.

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.


JV Hire Services Limited (Registered number: 08481721)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2018


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the balance sheet date, adjusted for indexation where applicable.

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.

Impairment
Assets not measured at fair value are reviewed for any indication that an asset may be impaired at
each balance sheet date. The directors review the carrying amount of the relevant assets and compare
them to their market values and recoverable amounts. Where the carrying amount exceeds this, an
impairment loss is recognised in profit or loss, unless the asset is carried at a revalued amount, where
the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2017 - 11 ) .

JV Hire Services Limited (Registered number: 08481721)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2018


4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 May 2017 133,057 12,567 145,624
Additions 9,917 3,500 13,417
Disposals - (2,667 ) (2,667 )
At 30 April 2018 142,974 13,400 156,374
DEPRECIATION
At 1 May 2017 30,152 6,590 36,742
Charge for year 14,295 2,158 16,453
Eliminated on disposal - (1,823 ) (1,823 )
At 30 April 2018 44,447 6,925 51,372
NET BOOK VALUE
At 30 April 2018 98,527 6,475 105,002
At 30 April 2017 102,905 5,977 108,882

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.18 30.4.17
£    £   
Other debtors 5,618 5,457

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.18 30.4.17
£    £   
Bank loans and overdrafts 5,748 4,786
Hire purchase contracts (see note 8) 2,639 4,910
Taxation and social security 3,646 4,590
Other creditors 59,677 51,864
71,710 66,150

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.18 30.4.17
£    £   
Hire purchase contracts (see note 8) - 2,639

JV Hire Services Limited (Registered number: 08481721)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2018


8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
30.4.18 30.4.17
£    £   
Net obligations repayable:
Within one year 2,639 4,910
Between one and five years - 2,639
2,639 7,549

Non-cancellable
operating leases
30.4.18 30.4.17
£    £   
Within one year - 13,416
Between one and five years - 2,236
- 15,652

9. SECURED DEBTS

The following secured debts are included within creditors:

30.4.18 30.4.17
£    £   
Hire purchase contracts 2,639 7,549

10. PROVISIONS FOR LIABILITIES
30.4.18 30.4.17
£    £   
Deferred tax 15,082 15,308

Deferred
tax
£   
Balance at 1 May 2017 15,308
Accelerated capital allowances (226 )
Balance at 30 April 2018 15,082