|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
WHAT PLUS LIMITED |
|
Financial Statements |
|
for the Year Ended 31 January 2018 |
|
|
|
|
|
|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
WHAT PLUS LIMITED |
|
Financial Statements |
|
for the Year Ended 31 January 2018 |
|
|
|
|
|
WHAT PLUS LIMITED (REGISTERED NUMBER: 06370392) |
|
|
|
|
|
|
Contents of the Financial Statements |
for the year ended 31 January 2018 |
|
|
|
|
Page |
|
Company Information | 1 |
|
Balance Sheet | 2 | to | 3 |
|
Notes to the Financial Statements | 4 | to | 8 |
|
WHAT PLUS LIMITED |
|
Company Information |
for the year ended 31 January 2018 |
|
|
|
|
|
|
|
DIRECTOR: |
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
Chartered Certified Accountants |
Christopher House |
94b London Road |
Leicester |
LE2 0QS |
WHAT PLUS LIMITED (REGISTERED NUMBER: 06370392) |
|
Balance Sheet |
31 January 2018 |
|
2018 | 2017 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
|
|
Tangible assets | 5 |
|
|
|
|
|
CURRENT ASSETS |
Stocks |
|
|
Debtors | 6 |
|
|
Cash at bank and in hand |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 7 |
|
|
NET CURRENT ASSETS |
|
|
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
CREDITORS |
Amounts falling due after more than one
year |
8 |
( |
) |
( |
) |
|
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
|
|
|
CAPITAL AND RESERVES |
Called up share capital | 10 |
|
|
Retained earnings |
|
|
SHAREHOLDERS' FUNDS |
|
|
WHAT PLUS LIMITED (REGISTERED NUMBER: 06370392) |
|
Balance Sheet - continued |
31 January 2018 |
|
|
|
|
|
|
The director acknowledges her responsibilities for: |
(a) |
ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the
Companies Act 2006 and |
(b) |
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. |
|
|
|
In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
|
The financial statements were approved by the director on
|
|
|
|
|
|
|
|
WHAT PLUS LIMITED (REGISTERED NUMBER: 06370392) |
|
Notes to the Financial Statements |
for the year ended 31 January 2018 |
|
1. | STATUTORY INFORMATION |
|
What Plus Limited is a
|
company's registered number and registered office address can be found on the Company Information |
page. |
|
2. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
|
|
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding |
discounts, rebates, value added tax and other sales taxes. |
|
Turnover from the sale of goods is usually recognised on dispatch. |
|
Goodwill |
Acquired goodwill is written off in equal instalments over its estimated life of five years. |
|
Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are |
measured at cost less any accumulated amortisation and any accumulated impairment losses. |
|
Tangible fixed assets |
|
Freehold property | - |
|
Improvements to property | - |
|
Fixtures and fittings | - |
|
Motor vehicles | - |
|
Computer equipment | - |
|
|
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for |
obsolete and slow moving items. |
|
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, |
except to the extent that it relates to items recognised in other comprehensive income or directly in |
equity. |
|
Current or deferred taxation assets and liabilities are not discounted. |
|
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been |
enacted or substantively enacted by the balance sheet date. |
|
WHAT PLUS LIMITED (REGISTERED NUMBER: 06370392) |
|
Notes to the Financial Statements - continued |
for the year ended 31 January 2018 |
|
2. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
the balance sheet date. |
|
Timing differences arise from the inclusion of income and expenses in tax assessments in periods |
different from those in which they are recognised in financial statements. Deferred tax is measured |
using tax rates and laws that have been enacted or substantively enacted by the year end and that are |
expected to apply to the reversal of the timing difference. |
|
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable |
that they will be recovered against the reversal of deferred tax liabilities or other future taxable |
profits. |
|
Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at |
the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of |
exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at |
the operating result. |
|
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period |
of the lease. |
|
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. |
|
3. | EMPLOYEES AND DIRECTORS |
|
The average number of employees during the year was
|
|
4. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
At 1 February 2017 |
and 31 January 2018 |
|
AMORTISATION |
At 1 February 2017 |
and 31 January 2018 |
|
NET BOOK VALUE |
At 31 January 2018 |
|
At 31 January 2017 |
|
WHAT PLUS LIMITED (REGISTERED NUMBER: 06370392) |
|
Notes to the Financial Statements - continued |
for the year ended 31 January 2018 |
|
5. | TANGIBLE FIXED ASSETS |
Improvements | Fixtures |
Freehold | to | and |
property | property | fittings |
£ | £ | £ |
COST |
At 1 February 2017 |
|
|
|
Additions |
|
|
|
Disposals |
|
|
( |
) |
At 31 January 2018 |
|
|
|
DEPRECIATION |
At 1 February 2017 |
|
|
|
Charge for year |
|
|
|
Eliminated on disposal |
|
|
( |
) |
At 31 January 2018 |
|
|
|
NET BOOK VALUE |
At 31 January 2018 |
|
|
|
At 31 January 2017 |
|
|
|
|
Motor | Computer |
vehicles | equipment | Totals |
£ | £ | £ |
COST |
At 1 February 2017 |
|
|
|
Additions |
|
|
|
Disposals |
|
|
( |
) |
At 31 January 2018 |
|
|
|
DEPRECIATION |
At 1 February 2017 |
|
|
|
Charge for year |
|
|
|
Eliminated on disposal |
|
|
( |
) |
At 31 January 2018 |
|
|
|
NET BOOK VALUE |
At 31 January 2018 |
|
|
|
At 31 January 2017 |
|
|
|
WHAT PLUS LIMITED (REGISTERED NUMBER: 06370392) |
|
Notes to the Financial Statements - continued |
for the year ended 31 January 2018 |
|
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade debtors |
|
|
Other debtors |
|
|
|
|
|
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Bank loans and overdrafts |
|
|
Trade creditors |
|
|
Taxation and social security |
|
|
Other creditors |
|
|
|
|
|
8. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR |
2018 | 2017 |
£ | £ |
Bank loans |
|
|
|
Amounts falling due in more than five years: |
|
Repayable by instalments |
Bank loans | 583,818 | 537,751 |
|
9. | SECURED DEBTS |
|
The following secured debts are included within creditors: |
|
2018 | 2017 |
£ | £ |
Bank loans |
|
|
|
The bank loan is secured by a first legal charge and fixed charge on freehold property and a fixed and |
floating charge on all assets and undertakings of the company. |
WHAT PLUS LIMITED (REGISTERED NUMBER: 06370392) |
|
Notes to the Financial Statements - continued |
for the year ended 31 January 2018 |
|
10. | CALLED UP SHARE CAPITAL |
|
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2018 | 2017 |
value: | £ | £ |
|
Ordinary | £1 | 100 | 100 |
|
Ordinary A Shares | £1 | 80 | 80 |
|
Ordinary B Shares | £1 | 10 | 10 |
|
Ordinary C shares | £1 | 10 | 10 |
200 | 200 |
|
11. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
|
The following advances and credits to a director subsisted during the years ended 31 January 2018 |
and 31 January 2017: |
|
2018 | 2017 |
£ | £ |
|
Balance outstanding at start of year |
|
|
Amounts advanced |
|
|
Amounts repaid | ( |
) |
|
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
|
|
|
Interest of £2,196 (2017 - £nil) was charged at the official rate on the outstanding balance. |