Company Registration No. 02690243 (England and Wales)
Planactive Limited
Unaudited accounts
for the year ended 28 February 2017
Planactive Limited
Unaudited accounts
Contents
Planactive Limited
Company Information
for the year ended 28 February 2017
Directors
S R Hirst
L Hirst
Company Number
02690243 (England and Wales)
Registered Office
RUSHGROVE HOUSE
HOLTHEAD SLAITHWAITE
HUDDERSFIELD
WEST YORKSHIRE
HD7 5TY
Accountants
JOHN TURNER, CHARTERED ACCOUNTANT
104 PENISTONE ROAD
KIRKBURTON
HUDDERSFIELD
WEST YORKSHIRE
HD8 0TA
Planactive Limited
Statement of financial position
as at
28 February 2017
Tangible assets
316,641
81,322
Inventories
343,111
665,094
Cash at bank and in hand
53,371
7,146
Creditors: amounts falling due within one year
(24,294)
(155,574)
Net current assets
381,469
544,895
Net assets
698,110
626,217
Called up share capital
2
2
Profit and loss account
698,108
626,215
Shareholders' funds
698,110
626,217
For the year ending 28 February 2017 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 12 May 2017.
S R Hirst
Director
Company Registration No. 02690243
Planactive Limited
Notes to the Accounts
for the year ended 28 February 2017
Planactive Limited is a private company, limited by shares, registered in England and Wales, registration number 02690243. The registered office and principal place of business is RUSHGROVE HOUSE, HOLTHEAD SLAITHWAITE, HUDDERSFIELD, WEST YORKSHIRE, HD7 5TY.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 28 February 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 March 2016
The accounts have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
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.
Planactive Limited
Notes to the Accounts
for the year ended 28 February 2017
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2016
64,557
76,016
31,735
172,308
Additions
221,330
18,400
12,000
251,730
At 28 February 2017
285,887
94,416
43,735
424,038
At 1 March 2016
7,332
64,205
19,449
90,986
Charge for the year
2,786
7,553
6,072
16,411
At 28 February 2017
10,118
71,758
25,521
107,397
At 28 February 2017
275,769
22,658
18,214
316,641
At 29 February 2016
57,225
11,811
12,286
81,322
Finished goods
343,111
665,094
Trade debtors
9,281
8,623
7
Creditors: amounts falling due within one year
2017
2016
Trade creditors
7,626
110,444
Taxes and social security
16,405
19,230
Loans from directors
263
-
8
Share capital
2017
2016
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
During the year advances were made by S R Hirst, a director of the Company. At the year end the Company owed S R Hirst £263 (2016 S R Hirst owed the Company £19606).
Planactive Limited
Notes to the Accounts
for the year ended 28 February 2017
10
Average number of employees
During the year the average number of employees was 2 (2016: 1).