Registration number:
Capital Plant Limited
for the Year Ended 28 February 2017
Capital Plant Limited
Contents
Company Information |
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Accountants' Report |
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Balance Sheet |
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Notes to the Financial Statements |
Capital Plant Limited
Company Information
Director |
Mr PJ Lewis |
Registered office |
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Accountants |
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Page 1 |
Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Capital Plant Limited
for the Year Ended 28 February 2017
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Capital Plant Limited for the year ended 28 February 2017 as set out on pages 3 to 9 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/en/members/regulations-standards-and-guidance/.
This report is made solely to the Board of Directors of Capital Plant Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Capital Plant Limited and state those matters that we have agreed to state to the Board of Directors of Capital Plant Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Capital Plant Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Capital Plant Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Capital Plant Limited. You consider that Capital Plant Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Capital Plant Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
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9 Freeport Office Village
Century Drive
Braintree
Essex
CM77 8YG
Page 2 |
Capital Plant Limited
(Registration number: 04158064)
Balance Sheet as at 28 February 2017
Note |
2017 |
2016 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Stocks |
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Debtors |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Net liabilities |
( |
( |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
( |
( |
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Total equity |
( |
( |
For the financial 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.
Director's responsibilities:
• |
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• |
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Page 3 |
Capital Plant Limited
(Registration number: 04158064)
Balance Sheet as at 28 February 2017
Approved and authorised by the
.........................................
Mr PJ Lewis
Director
Page 4 |
Capital Plant Limited
Notes to the Financial Statements for the Year Ended 28 February 2017
General information |
The company is a private company limited by share capital incorporated in England and Wales.
The address of its registered office is:
England
The principal place of business is:
Hales Farm
High Cross Lane
Little Canfield
Dunmow
Essex
CM6 1TQ
England
These financial statements were authorised for issue by the
Accounting policies |
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Page 5 |
Capital Plant Limited
Notes to the Financial Statements for the Year Ended 28 February 2017
Asset class |
Depreciation method and rate |
Plant and Machinery |
25 % Straight Line Method |
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for
obsolete and slow moving items.
Leases
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the Balance Sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the Profit and Loss Account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
Page 6 |
Capital Plant Limited
Notes to the Financial Statements for the Year Ended 28 February 2017
Tangible assets |
Other property, plant and equipment |
Total |
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Cost or valuation |
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At 1 March 2016 |
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Additions |
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At 28 February 2017 |
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Depreciation |
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At 1 March 2016 |
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Charge for the year |
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At 28 February 2017 |
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Carrying amount |
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At 28 February 2017 |
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At 29 February 2016 |
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Stocks |
2017 |
2016 |
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Stock |
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Debtors |
2017 |
2016 |
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Trade debtors |
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Prepayments |
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Other Debtors |
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Tax |
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Directors' current accounts |
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Less non-current portion |
( |
( |
Total current trade and other debtors |
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Page 7 |
Capital Plant Limited
Notes to the Financial Statements for the Year Ended 28 February 2017
Creditors |
Note |
2017 |
2016 |
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Due within one year |
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Bank loans and overdrafts |
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Finance lease liabilities |
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Trade creditors |
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Social security and other taxes |
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Other creditors |
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Tax Settlement |
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Corporation Tax |
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- |
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Accrued expenses |
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Due after one year |
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Finance lease liabilities |
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Tax Settlement |
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356,218 |
443,297 |
Loans and borrowings |
2017 |
2016 |
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Non-current loans and borrowings |
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Finance lease liabilities |
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Page 8 |
Capital Plant Limited
Notes to the Financial Statements for the Year Ended 28 February 2017
2017 |
2016 |
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Current loans and borrowings |
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Bank loans and overdrafts |
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Finance lease liabilities |
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Related party transactions |
Transactions with directors |
2017 |
At 1 March 2016 |
Advances to directors |
Repayments by director |
At 28 February 2017 |
Mr PJ Lewis |
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76,970 |
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( |
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2016 |
At 1 March 2015 |
Advances to directors |
Repayments by director |
At 29 February 2016 |
Mr PJ Lewis |
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5,029 |
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( |
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Directors' remuneration
The director's remuneration for the year was as follows:
2017 |
2016 |
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Remuneration |
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Page 9 |