Company Registration No. 02690243 (England and Wales)
Planactive Limited
Abbreviated unaudited accounts
for the year ended 29 February 2016
Planactive Limited
Abbreviated Balance Sheet
as at
29 February 2016
Tangible assets
81,322
87,952
Cash at bank and in hand
7,146
132,819
Creditors: amounts falling due within one year
(134,072)
(45,384)
Net current assets
544,895
558,556
Net assets
626,217
646,508
Called up share capital
2
2
Profit and loss account
626,215
646,506
Total shareholders' funds
626,217
646,508
For the year ending 29 February 2016 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 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.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Approved by the board on 5 May 2016
S R Hirst
Director
Company Registration No. 02690243
Planactive Limited
Notes to the Abbreviated Accounts
for the year ended 29 February 2016
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
2
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
At 1 March 2015
64,557
76,016
31,735
172,308
At 29 February 2016
64,557
76,016
31,735
172,308
At 1 March 2015
6,803
62,199
15,354
84,356
Charge for the year
529
2,006
4,095
6,630
At 29 February 2016
7,332
64,205
19,449
90,986
At 29 February 2016
57,225
11,811
12,286
81,322
At 28 February 2015
57,754
13,817
16,381
87,952
3
Share capital
2016
2015
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2