Registered Number:11420825 |
For the year ended 30 June 2023
England and Wales
Unaudited Financial Statements
For the year ended 30 June 2023
Somerset Grab Hire Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Somerset Grab Hire Ltd
Statement of Financial Position
2022
2023
Property, plant and equipment |
68,861
180,728
2
68,861
180,728
Trade and other receivables |
13,292
201,770
3
15,081
Cash and cash equivalents |
18,435
220,205
28,373
Trade and other payables: amounts falling due within one |
year |
(95,914)
(236,698)
4
(67,541)
(16,493)
Net current liabilities
Total assets less current liabilities |
52,368
113,187
Trade and other payables: amounts falling due after more |
than one year |
(105,737)
(4,167)
5
(13,084)
(4,302)
Provisions for liabilities |
35,117
Net assets
3,148
2
2
35,115
3,146
35,117
3,148
Shareholders' funds
For the year ended 30 June 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
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 have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
Mr Mark John Broome Director |
These financial statements were approved and authorised for issue by the Board on 20 February 2024 and were signed by: |
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For the year ended 30 June 2023
Somerset Grab Hire Ltd
Statement of Financial Position Continued
The notes form part of these financial statements |
2 of 4
For the year ended 30 June 2023
Somerset Grab Hire Ltd
Notes to the Financial Statements
Statutory Information
Somerset Grab Hire Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration |
number 11420825. |
4 Fairclose
Combe St Nicholas
Somerset
TA20 3LU
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as |
modified by the revaluation of certain assets. |
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and Machinery
2. Property, plant and equipment |
276,060
14,148
(169,000)
121,208
Provision for depreciation and impairment |
95,332
Charge for year
17,215
(60,200)
52,347
68,861
180,728
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For the year ended 30 June 2023
Somerset Grab Hire Ltd
Notes to the Financial Statements Continued
3. Trade and other receivables |
2022
2023
201,770
13,292
4. Trade and other payables: amounts falling due within one year |
2022
2023
Bank loans and overdraft (secured) |
46,203
45,010
18,574
13,288
Taxation and social security |
42,576
7,616
129,345
30,000
236,698
95,914
5. Trade and other payables: amounts falling due after more than one year |
2022
2023
4,167
105,737
6. Average number of persons employed |
During the year the average number of employees was 2 (2022 : 2)
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