MW CRANE HIRE LTD

Company Registration Number:
03965773 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2018

Period of accounts

Start date: 01 April 2017

End date: 31 March 2018

MW CRANE HIRE LTD

Contents of the Financial Statements

for the Period Ended 31 March 2018

Balance sheet
Notes

MW CRANE HIRE LTD

Balance sheet

As at 31 March 2018


Notes

2018

2017


£

£
Fixed assets
Tangible assets: 2 1,664,205 1,365,849
Total fixed assets: 1,664,205 1,365,849
Current assets
Stocks: 6,250 7,500
Debtors:   200,606 127,251
Cash at bank and in hand: 263,517 34,346
Total current assets: 470,373 169,097
Creditors: amounts falling due within one year: 3 (469,118) (466,097)
Net current assets (liabilities): 1,255 (297,000)
Total assets less current liabilities: 1,665,460 1,068,849
Creditors: amounts falling due after more than one year: 4 (901,567) (366,898)
Total net assets (liabilities): 763,893 701,951
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 763,793 701,851
Shareholders funds: 763,893 701,951

The notes form part of these financial statements

MW CRANE HIRE LTD

Balance sheet statements

For the year ending 31 March 2018 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 06 November 2018
and signed on behalf of the board by:

Name: Mr M Welch
Status: Director

The notes form part of these financial statements

MW CRANE HIRE LTD

Notes to the Financial Statements

for the Period Ended 31 March 2018

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is recognised at the fair value of the consideration received or receivable for goods 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.

Tangible fixed assets and depreciation policy

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following basis:Plant and machinery - 25% reducing balanceMotor vehicles - 25% reducing balance

MW CRANE HIRE LTD

Notes to the Financial Statements

for the Period Ended 31 March 2018

2. Tangible Assets

Total
Cost £
At 01 April 2017 1,919,166
Additions 346,032
At 31 March 2018 2,265,198
Depreciation
At 01 April 2017 553,317
Charge for year 47,676
At 31 March 2018 600,993
Net book value
At 31 March 2018 1,664,205
At 31 March 2017 1,365,849

MW CRANE HIRE LTD

Notes to the Financial Statements

for the Period Ended 31 March 2018

3. Creditors: amounts falling due within one year note

Trade creditors £33,755Corporation Tax £33,966Other taxation and social security £124,276Other creditors £277,121

MW CRANE HIRE LTD

Notes to the Financial Statements

for the Period Ended 31 March 2018

4. Creditors: amounts falling due after more than one year note

Other creditors £901,567