|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Plant Raisers 2005 Limited |
|
Unaudited Financial Statements for the Year Ended 30th September 2017 |
|
|
|
|
|
|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Plant Raisers 2005 Limited |
|
Unaudited Financial Statements for the Year Ended 30th September 2017 |
|
|
|
|
|
Plant Raisers 2005 Limited (Registered number: 03764847) |
|
|
|
|
|
|
Contents of the Financial Statements |
for the year ended 30th September 2017 |
|
|
|
|
Page |
|
Company Information | 1 |
|
Balance Sheet | 2 |
|
Notes to the Financial Statements | 4 |
|
Plant Raisers 2005 Limited |
|
Company Information |
for the year ended 30th September 2017 |
|
|
|
|
|
|
|
DIRECTORS: |
|
|
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
Chartered Accountants |
Regent's Court |
Princess Street |
Hull |
East Yorkshire |
HU2 8BA |
Plant Raisers 2005 Limited (Registered number: 03764847) |
|
Balance Sheet |
30th September 2017 |
|
2017 | 2016 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
|
|
Tangible assets | 5 |
|
|
Investments | 6 |
|
|
|
|
|
CURRENT ASSETS |
Debtors | 7 |
|
|
Cash at bank |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 8 |
|
|
NET CURRENT ASSETS |
|
|
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
CREDITORS |
Amounts falling due after more than one
year |
9 |
( |
) |
( |
) |
|
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
|
|
|
CAPITAL AND RESERVES |
Called up share capital | 11 |
|
|
Capital redemption reserve |
|
|
Retained earnings |
|
|
SHAREHOLDERS' FUNDS |
|
|
|
|
|
|
|
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 |
(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. |
Plant Raisers 2005 Limited (Registered number: 03764847) |
|
Balance Sheet - continued |
30th September 2017 |
|
|
|
|
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
|
The financial statements were approved by the Board of Directors on
its behalf by: |
|
|
|
|
|
|
|
Plant Raisers 2005 Limited (Registered number: 03764847) |
|
Notes to the Financial Statements |
for the year ended 30th September 2017 |
|
1. | STATUTORY INFORMATION |
|
Plant Raisers 2005 Limited is a
|
The 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 |
These financial statements have been prepared in accordance with the provisions of Section 1A "Small |
Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK |
and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared |
under historical cost convention. |
|
The significant accounting policies applied in the preparation of these financial statements are set out |
below. These policies have been consistently applied to all years presented unless otherwise stated. |
The company adopted FRS102 in the current year and transitional adjustments are shown in the notes |
to the financial statements. |
|
Preparation of consolidated financial statements |
The financial statements contain information about Plant Raisers 2005 Limited as an individual |
company and do not contain consolidated financial information as the parent of a group. The company |
has taken the option under Section 398 of the Companies Act 2006 not to prepare consolidated |
financial statements. |
|
Turnover |
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade |
discounts. The policies adopted for the recognition of turnover are as follows: |
|
Rendering of services |
When the outcome of a transaction can be estimated reliably, turnover from management services is |
recognised by reference to the stage of completion at the balance sheet date. Stage of completion is |
measured by reference to the proportion of costs to date compared to total expected costs. |
|
When the outcome cannot be measured reliably, turnover is recognised only to the extent of the |
expense recognised that are recoverable. |
|
Goodwill |
|
|
Tangible fixed assets |
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment |
losses. Cost includes costs directly attributable to making the asset capable of operating as intended. |
|
Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less |
estimated residual value, of each asset on a systematic basis over its expected useful life as follows: |
|
Freehold property | - 5% on cost |
Plant & machinery etc. | - 20% on cost |
|
Investments in subsidiaries |
Investments in subsidiary undertakings are measured at cost less impairment. |
|
Plant Raisers 2005 Limited (Registered number: 03764847) |
|
Notes to the Financial Statements - continued |
for the year ended 30th September 2017 |
|
2. | ACCOUNTING POLICIES - continued |
Taxation |
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) |
for the current or past reporting periods. It is measured at the amount expected to be paid or recovered |
using the tax rates and laws that have been enacted or substantively enacted by the balance sheet |
date. |
|
Deferred tax represents the future tax consequences of transactions and events recognised in the |
financial statements of current and previous periods. It is recognised in respect of all timing |
differences, with certain exceptions. Timing differences are differences between taxable profits and |
total comprehensive income as stated in the financial statements that arise from the inclusion of |
income and expense in tax assessments in periods different from those in which they are recognised |
in the financial statements. 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. |
|
Deferred tax is measured using the tax rates and laws that have been enacted or substantively |
enacted by the balance sheet date that are expected to apply to the reversal of timing differences. |
|
Impairment |
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at |
each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's |
cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount |
exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is |
carried at a revalued amount where the impairment loss is a revaluation decrease. |
|
Debtors and creditors receivable / payable within one year |
Debtors and creditors with no stated interest rate and are receivable or payable within one year are |
recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss |
account in other administrative expenses. |
|
Loans and borrowings |
Loans and borrowings are initially recognised at the transaction price including transaction costs. |
Subsequently, they are measured at amortised cost using the effective interest rate method, less |
impairment. If an arrangement constitutes a finance transaction it is measured at present value. |
|
Provisions |
Provisions are recognised when the company has an obligation at the balance sheet date as a result of |
a past event, it is probable that an outflow of economic benefits will be required in settlement and the |
amount can be reliably estimated. |
|
3. | EMPLOYEES AND DIRECTORS |
|
The average number of employees during the year was NIL. |
Plant Raisers 2005 Limited (Registered number: 03764847) |
|
Notes to the Financial Statements - continued |
for the year ended 30th September 2017 |
|
4. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
At 1st October 2016 |
and 30th September 2017 |
|
AMORTISATION |
At 1st October 2016 |
and 30th September 2017 |
|
NET BOOK VALUE |
At 30th September 2017 |
|
At 30th September 2016 |
|
|
5. | TANGIBLE FIXED ASSETS |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
COST |
At 1st October 2016 |
|
|
|
Additions |
|
|
|
At 30th September 2017 |
|
|
|
DEPRECIATION |
At 1st October 2016 |
|
|
|
Charge for year |
|
|
|
At 30th September 2017 |
|
|
|
NET BOOK VALUE |
At 30th September 2017 |
|
|
|
At 30th September 2016 |
|
|
|
|
6. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 1st October 2016 |
and 30th September 2017 |
|
NET BOOK VALUE |
At 30th September 2017 |
|
At 30th September 2016 |
|
Plant Raisers 2005 Limited (Registered number: 03764847) |
|
Notes to the Financial Statements - continued |
for the year ended 30th September 2017 |
|
7. | DEBTORS |
2017 | 2016 |
£ | £ |
Amounts falling due within one year: |
Amounts owed by group undertakings |
|
|
Other debtors |
|
|
|
|
|
Amounts falling due after more than one year: |
Amounts owed by group undertakings |
|
|
|
Aggregate amounts |
|
|
|
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Bank loans and overdrafts |
|
|
Amounts owed to group undertakings |
|
|
Taxation and social security |
|
|
Other creditors |
|
|
|
|
|
9. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
2017 | 2016 |
£ | £ |
Bank loans |
|
|
|
10. | SECURED DEBTS |
|
The following secured debts are included within creditors: |
|
2017 | 2016 |
£ | £ |
Bank loans |
|
|
|
The bank loan is secured by legal charge over the assets of the company. |
|
11. | CALLED UP SHARE CAPITAL |
|
The share capital of £42,000 (2016: £42,000) is allotted, called up and fully paid. |
|
12. | COMMITMENTS, GUARANTEES AND CONTINGENCIES |
|
The company has entered into a composite accounting agreement under which the bank borrowings of |
fellow group companies have been guaranteed. The amount of these guarantees which are not |
included in the balance sheet amounted to £89,410 (2016: £76,065). |
|
Total capital commitments which are not included in the balance sheet amounted to £nil (2016: |
£33,206). |
Plant Raisers 2005 Limited (Registered number: 03764847) |
|
Notes to the Financial Statements - continued |
for the year ended 30th September 2017 |
|
13. | RELATED PARTY DISCLOSURES |
|
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 |
'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related |
party transactions with wholly owned subsidiaries within the group. |
|
14. | FIRST YEAR ADOPTION |
|
The company has adopted FRS 102 for the first time in the period ended 30th September 2017. |
|
The effect of transition from previous financial reporting framework to FRS 102 is outlined below: |
|
Changes in accounting policies |
|
There were no consequential changes in accounting policies as a result of the transition to FRS 102. |
|
Reconciliation of equity shareholder's funds |
|
Adjustments to previously reported equity shareholder's funds at the date of transition to FRS 102 were |
as follows: |
30.09.16 | 01.10.15 |
£ | £ |
Shareholders' funds under previous financial reporting framework | 809,791 | 880,579 |
Goodwill fully amortised | (8,794 | ) | (9,596 | ) |
Shareholders' funds under FRS 102 | 800,997 | 870,983 |
|
Reconciliation of comparative period profit or loss |
|
Adjustments to previously reported profit or loss in the comparative period were as follows: |
30.9.16 |
£ |
Profit for the year ended 30th September 2016 under previous reporting
framework |
|
49,332 |
Goodwill fully amortised | 802 |
Profit for the year ended 30th September 2016 under FRS 102 | 50,134 |