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REGISTERED NUMBER:
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'PLANE TRAINING LIMITED |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 MAY 2018 |
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REGISTERED NUMBER:
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'PLANE TRAINING LIMITED |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 MAY 2018 |
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'PLANE TRAINING LIMITED (REGISTERED NUMBER: 04763606) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MAY 2018 |
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Company Information | 1 |
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Chartered Accountants' Report | 2 |
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Balance Sheet | 3 |
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Notes to the Financial Statements | 4 |
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'PLANE TRAINING LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 MAY 2018 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
5 Cornfield Terrace |
Eastbourne |
East Sussex |
BN21 4NN |
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
'PLANE TRAINING LIMITED |
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The following reproduces the text of the report prepared for the directors in respect of the company's annual |
unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a |
Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the |
Report of the Directors are not required to be filed with the Registrar of Companies. |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
financial statements of 'Plane Training Limited for the year ended 31 May 2018 which comprise the Income |
Statement, Balance Sheet and the related notes from the company's accounting records and from information and |
explanations you have given us. |
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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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
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This report is made solely to the Board of Directors of 'Plane Training Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of 'Plane Training Limited and state those matters that we have agreed to state to the Board of Directors of 'Plane Training Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than 'Plane Training Limited and its Board of Directors, as a body, for our work or for this report. |
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It is your duty to ensure that 'Plane Training Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of 'Plane Training Limited. You consider that 'Plane Training Limited is exempt from the statutory audit requirement for the year. |
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We have not been instructed to carry out an audit or a review of the financial statements of 'Plane Training 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 financial statements. |
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Chartered Accountants |
5 Cornfield Terrace |
Eastbourne |
East Sussex |
BN21 4NN |
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'PLANE TRAINING LIMITED (REGISTERED NUMBER: 04763606) |
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BALANCE SHEET |
31 MAY 2018 |
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2018 | 2017 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
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CURRENT ASSETS |
Debtors | 6 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their responsibilities for: |
(a) |
ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and |
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preparing financial statements which give a true and fair view of the state of affairs of the company as at the
end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
by: |
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'PLANE TRAINING LIMITED (REGISTERED NUMBER: 04763606) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MAY 2018 |
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1. | STATUTORY INFORMATION |
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'Plane Training Limited is a
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company's registered number and registered office address can be found on the Company Information page. |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | STATEMENT OF COMPLIANCE |
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3. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable and represents amounts |
receivable services rendered, stated net of discounts and of Value Added Tax. When the consideration |
receivable in cash or cash equivalents is deferred, and the arrangement constitutes in effect a financing |
transaction, the fair value of the consideration is measured as the present value of all future receipts |
determined using an imputed rate of interest, normally the rate that discounts the nominal amount of |
consideration to the cash sales price. |
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The company recognises revenue when the amount of revenue can be measured reliably, when it is probable |
that future economic benefits will flow to the entity and when specific criteria have been met for each of the |
company's activities of the actual completion of a proportion of the total services to be rendered. |
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Tangible fixed assets |
Fixed assets are stated at cost less accumulated depreciation. |
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Fixtures and fittings | - 25% on reducing balance |
Computer equipment | - 33.33% on cost |
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At each reporting date fixed assets are reviewed to determine whether there is an indication that an asset may |
be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of |
related assets, which is the higher of value in use and the fair value less cost to sell, is estimated and compared |
with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its |
recoverable amount and an impairment loss is recognised immediately in profit or loss. |
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'PLANE TRAINING LIMITED (REGISTERED NUMBER: 04763606) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MAY 2018 |
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3. | ACCOUNTING POLICIES - continued |
Taxation |
Taxation represents the sum of the tax currently payable and deferred tax. |
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The company's liability to tax is calculated using the tax rates that have been enacted or substantively enacted |
by the end of the reporting period. |
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Deferred tax is recognised on all timing differences between the carrying amounts of the assets and liabilities |
in the financial statements and the corresponding tax bases used in the computation of taxable profit. |
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Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period to |
which the liability is settled or the asset realised, based on tax rates and laws that have been enacted or |
substantively enacted by the end of the reporting period. |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's |
pension scheme are charged to profit or loss in the period to which they relate. |
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4. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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5. | TANGIBLE FIXED ASSETS |
Fixtures |
and | Computer |
fittings | equipment | Totals |
£ | £ | £ |
COST |
At 1 June 2017 |
and 31 May 2018 |
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DEPRECIATION |
At 1 June 2017 |
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Charge for year |
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At 31 May 2018 |
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NET BOOK VALUE |
At 31 May 2018 |
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At 31 May 2017 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade debtors |
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Amounts recoverable on contracts |
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'PLANE TRAINING LIMITED (REGISTERED NUMBER: 04763606) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MAY 2018 |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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8. | RELATED PARTY DISCLOSURES |
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Included in creditors is £3,280 (2017 - £4,792) owed to the directors at the year end |