Company Registration No. 02690243 (England and Wales)
Planactive Limited
Unaudited accounts
for the year ended 29 February 2020
Planactive Limited
Unaudited accounts
Contents
Planactive Limited
Company Information
for the year ended 29 February 2020
Company Number
02690243 (England and Wales)
Registered Office
3, Rushgrove Cottages, Holthead,
Slaithwaite,
Huddersfield,
West Yorkshire
HD7 5TY
England
Accountants
JOHN TURNER, CHARTERED ACCOUNTANT
104 PENISTONE ROAD
KIRKBURTON
HUDDERSFIELD
WEST YORKSHIRE
HD8 0TA
Planactive Limited
Statement of financial position
as at
29 February 2020
Tangible assets
331,203
288,209
Inventories
203,250
704,305
Cash at bank and in hand
578,338
39,234
Creditors: amounts falling due within one year
(304,976)
(359,952)
Net current assets
477,775
389,927
Total assets less current liabilities
808,978
678,136
Provisions for liabilities
Deferred tax
(12,088)
(3,407)
Net assets
796,890
674,729
Called up share capital
2
2
Profit and loss account
796,888
674,727
Shareholders' funds
796,890
674,729
For the year ending 29 February 2020 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 director acknowledges his 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.
The financial statements were approved by the Board and authorised for issue on 19 May 2020 and were signed on its behalf by
S R Hirst
Director
Company Registration No. 02690243
Planactive Limited
Notes to the Accounts
for the year ended 29 February 2020
Planactive Limited is a private company, limited by shares, registered in England and Wales, registration number 02690243. The registered office is 3, Rushgrove Cottages, Holthead,, Slaithwaite,, Huddersfield,, West Yorkshire, HD7 5TY, England.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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 29 February 2020
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2019
285,887
94,416
31,735
412,038
Additions
-
-
66,905
66,905
At 29 February 2020
285,887
94,416
98,640
478,943
At 1 March 2019
15,606
81,671
26,552
123,829
Charge for the year
2,703
3,186
18,022
23,911
At 29 February 2020
18,309
84,857
44,574
147,740
At 29 February 2020
267,578
9,559
54,066
331,203
At 28 February 2019
270,281
12,745
5,183
288,209
Work in progress
203,250
704,305
Trade debtors
1,163
6,340
7
Creditors: amounts falling due within one year
2020
2019
Obligations under finance leases and hire purchase contracts
20,459
-
Trade creditors
49,291
16,835
Taxes and social security
28,013
8,168
Other creditors
-
150,000
Loans from directors
207,213
184,949
8
Share capital
2020
2019
Allotted, called up and fully paid:
1 Ordinary Share of £1 each
1
1
1 A Ordinary Share of £1 each
1
1
9
Transactions with related parties
During the year advances were made to the Company by the director Mr S R Hirst. At the financial year end the Company owed Mr S R Hirst £207213 (2019 £184949).
Planactive Limited
Notes to the Accounts
for the year ended 29 February 2020
10
Average number of employees
During the year the average number of employees was 1 (2019: 1).