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REGISTERED NUMBER: 10599617 (England and Wales)















MAT & ANT GRAB HIRE LTD

ABRIDGED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

28 FEBRUARY 2023






MAT & ANT GRAB HIRE LTD (REGISTERED NUMBER: 10599617)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


MAT & ANT GRAB HIRE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: M P Coffin
A J Coffin





REGISTERED OFFICE: Orchard Farm
The Ridgeway
Astwood Bank
Redditch
Worcestershire
B96 6LX





REGISTERED NUMBER: 10599617 (England and Wales)





ACCOUNTANTS: Charles Lovell & Co Limited
Chartered Certified Accountants
and Statutory Auditors
8 Church Green East
Redditch
Worcestershire
B98 8BP

MAT & ANT GRAB HIRE LTD (REGISTERED NUMBER: 10599617)

ABRIDGED BALANCE SHEET
28 FEBRUARY 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 137,636 122,608

CURRENT ASSETS
Debtors 15,413 20,997
Cash at bank and in hand 26,380 9,750
41,793 30,747
CREDITORS
Amounts falling due within one year 72,179 59,291
NET CURRENT LIABILITIES (30,386 ) (28,544 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

107,250

94,064

CREDITORS
Amounts falling due after more than one
year

138,750

142,100
NET LIABILITIES (31,500 ) (48,036 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (31,600 ) (48,136 )
SHAREHOLDERS' FUNDS (31,500 ) (48,036 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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 applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 28 February 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

MAT & ANT GRAB HIRE LTD (REGISTERED NUMBER: 10599617)

ABRIDGED BALANCE SHEET - continued
28 FEBRUARY 2023



The financial statements were approved by the Board of Directors and authorised for issue on 13 November 2023 and were signed on its behalf by:




M P Coffin - Director



A J Coffin - Director


MAT & ANT GRAB HIRE LTD (REGISTERED NUMBER: 10599617)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023


1. STATUTORY INFORMATION

Mat & Ant Grab Hire 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a going concern basis in anticipation of continued support from the company's shareholders.

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
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 etc - 15% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

MAT & ANT GRAB HIRE LTD (REGISTERED NUMBER: 10599617)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2022 242,936
Additions 84,231
Disposals (30,440 )
At 28 February 2023 296,727
DEPRECIATION
At 1 March 2022 120,328
Charge for year 44,239
Eliminated on disposal (5,476 )
At 28 February 2023 159,091
NET BOOK VALUE
At 28 February 2023 137,636
At 28 February 2022 122,608

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

Totals
£   
COST
At 1 March 2022 93,263
Additions 50,000
Transfer to ownership (29,263 )
At 28 February 2023 114,000
DEPRECIATION
At 1 March 2022 48,162
Charge for year 19,660
Transfer to ownership (17,922 )
At 28 February 2023 49,900
NET BOOK VALUE
At 28 February 2023 64,100
At 28 February 2022 45,101

5. SECURED DEBTS

The following secured debts are included within creditors:

28.2.23 28.2.22
£    £   
Hire purchase contracts 40,850 32,393

6. ULTIMATE CONTROLLING PARTIES

The ultimate controlling parties are the directors of the company.