Registration number:
Unaudited Abbreviated Accounts
for the Year Ended
Planchest Limited
Contents
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Planchest Limited
(Registration number: 04294212)
Abbreviated Balance Sheet at 30 September 2016
Note |
2016
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2015
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Fixed assets |
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Tangible fixed assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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( |
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Net current assets |
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Total assets less current liabilities |
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Provisions for liabilities |
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Net assets |
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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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Shareholders' funds |
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Approved by the Board on
P H Lord
Director
S H Solt
Director
1
Planchest Limited
Notes to the Abbreviated Accounts for the Year Ended 30 September 2016
......... continued
Accounting policies |
Basis of preparation
Going concern
The financial statements have been prepared on a going concern basis.
Turnover
Goodwill
Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.
Amortisation
Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Amortisation method and rate |
Knowhow |
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Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Office equipment |
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Deferred tax
Pensions
Knowhow
Knowhow relates to the computer software and product rights purchased by the company.
VAT
VAT is payable under the flat rate scheme. Turnover includes gross income net of VAT paid under the flat rate scheme. Expenses are stated gross of VAT.
Uninvoiced work
Uninvoiced work is valued at the expected retail value of the work completed at the year end, net of flat rate VAT, and is included in turnover.
Planchest Limited
Notes to the Abbreviated Accounts for the Year Ended 30 September 2016
......... continued
Fixed assets |
Intangible assets
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Tangible assets
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Total
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Cost |
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At 1 October 2015 |
10,000 |
3,526 |
13,526 |
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Additions |
- |
1,241 |
1,241 |
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Disposals |
- |
(121) |
(121) |
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At 30 September 2016 |
10,000 |
4,646 |
14,646 |
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Amortisation/depreciation |
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At 1 October 2015 |
10,000 |
3,207 |
13,207 |
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Charge for the year |
- |
765 |
765 |
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Eliminated on disposals |
- |
(91) |
(91) |
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At 30 September 2016 |
10,000 |
3,881 |
13,881 |
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Net book value |
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At 30 September 2016 |
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At 30 September 2015 |
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Share capital |
Allotted, called up and fully paid shares
2016 |
2015 |
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No. |
£ |
No. |
£ |
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