DJT Plants Limited Filleted accounts for Companies House (small and micro)

DJT PLANTS LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 09111259

DJT Plants Limited

Filleted Unaudited Financial Statements

for the year ended

31 January 2019

DJT Plants Limited

Financial Statements

for the year ended 31st January 2019

Contents	Pages

Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements	1

Statement of financial position	2

Notes to the financial statements	3 to 5

DJT Plants Limited

Chartered Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of DJT Plants Limited

for the year ended 31st January 2019

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of DJT Plants Limited for the year ended 31st January 2019, as set out on pages 2 to 5 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 www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of DJT Plants Limited, as a body, in accordance with the terms of our engagement letter dated 30th October 2014. Our work has been undertaken solely to prepare for your approval the financial statements of DJT Plants Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than DJT Plants Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that DJT Plants 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 DJT Plants Limited. You consider that DJT Plants 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 financial statements of DJT Plants 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.

MOORE THOMPSON Chartered Accountants

Bank House Broad Street Spalding PE11 1TB

Dated: 17 October 2019

DJT Plants Limited

Statement of Financial Position

as at 31 January 2019

	2019		2018
Note	£	£	£	£

Current assets

Debtors	6	131,474	451,287
Cash at bank and in hand		2,286	5,068
		-------------	-------------
		133,760	456,355

Creditors: amounts falling due within one year	7	126,639		170,666
		-------------		-------------
Net current assets			7,121		285,689
			-----------		-------------
Total assets less current liabilities			7,121		285,689
			-----------		-------------
Net assets			7,121		285,689
			-----------		-------------

Capital and reserves

Called up share capital	8	100	100
Profit and loss account		7,021	285,589
		-----------	-------------
Shareholders funds		7,121	285,689
		-----------	-------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31st January 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 17 October 2019 , and are signed on behalf of the board by:

S W Piccaver	D J Edwards
Director	Director

Company registration number: 09111259

DJT Plants Limited

Notes to the Financial Statements

for the year ended 31st January 2019

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Bank House, Broad Street, Spalding, Lincolnshire PE11 1TB and the place of business is Norfolk House Farm, Gedney Marsh, Spalding, Lincolnshire PE12 9PB.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The company ceased trading on 31 January 2018.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 reporting date that are expected to apply to the reversal of the timing difference.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Office equipment	-	25% straight line

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Staff costs

The average number of persons employed by the company during the year amounted to 3 (2018: 3 ).

5. Tax on profit/(loss)

Major components of tax expense/(income)

	2019	2018
	£	£

Current tax:

UK current tax expense	336	–
Adjustments in respect of prior periods	–	( 7,060)
	-----------	-----------
Total current tax	336	( 7,060)
	-----------	-----------

Deferred tax:

Origination and reversal of timing differences	–	( 123)
	-----------	-----------
Tax on profit/(loss)	336	( 7,183)
	-----------	-----------

6. Debtors

	2019	2018
	£	£

Amounts owed from related parties	70,000	443,141
Corporation tax repayable	6,724	7,060
Other debtors	54,750	1,086
	-------------	-------------
	131,474	451,287
	-------------	-------------

7. Creditors: amounts falling due within one year

	2019	2018
	£	£

Trade creditors	–	12
Amounts owed to related parties	–	168,764
Accruals and deferred income	41,640	1,890
Other creditors	84,999	–
	-------------	-------------
	126,639	170,666
	-------------	-------------

8. Called up share capital

Issued, called up and fully paid

2019		2018
No.	£	No.	£

Ordinary shares of £ 1 each	100	100.00	100	100.00
	-----------	-----------	-----------	-----------

9. Directors' advances, credits and guarantees

At 31 January 2018 an amount of £1,052 was due in respect of an overdrawn directors loan account and this was repaid during the year.

10. Controlling party

The ultimate parent company during the year was Anglia Salads Limited whose registered office address is Norfolk House Farm, Gedney Marsh, Holbeach, Spalding, Lincolnshire PE12 9PB.