PLANET EMPLOYMENT LIMITED - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08384899 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2019

for

PLANET EMPLOYMENT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

5

DIRECTOR:

D M Brown

REGISTERED OFFICE:

Enterprise House

The Courtyard

Old Court House Road

Bromborough

Wirral

CH62 4UE

REGISTERED NUMBER:

08384899 (England and Wales)

ACCOUNTANTS:

LBW Chartered Accountants

Enterprise House

The Courtyard

Old Courthouse Road

Bromborough

Merseyside

CH62 4UE

FIXED ASSETS

Tangible assets

4

1,180

682

CURRENT ASSETS

Debtors

5

18,844

11,742

Cash at bank

345

1,001

19,189

12,743

CREDITORS

Amounts falling due within one year

6

14,024

13,069

NET CURRENT ASSETS/(LIABILITIES)

5,165

(326

)

TOTAL ASSETS LESS CURRENT LIABILITIES

6,345

356

PROVISIONS FOR LIABILITIES

224

151

NET ASSETS

6,121

205

CAPITAL AND RESERVES

Called up share capital

7

10

10

Retained earnings

8

6,111

195

SHAREHOLDERS' FUNDS

6,121

205

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 28 November 2019 and were signed by:

D M Brown - Director

1.	STATUTORY INFORMATION

PLANET EMPLOYMENT LIMITED is a private company, limited by shares , registered in England and

Wales. 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost and 25% on reducing balance

No deprecation in year of acquisition.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 March 2018

2,344

Additions

927

At 28 February 2019

3,271

DEPRECIATION

At 1 March 2018

1,662

Charge for year

429

At 28 February 2019

2,091

NET BOOK VALUE

At 28 February 2019

1,180

At 28 February 2018

682

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.19

28.2.18

£

£

Other debtors

18,844

11,742

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.19

28.2.18

£

£

Taxation and social security

11,024

10,070

Other creditors

3,000

2,999

14,024

13,069

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.19

28.2.18

value:

£

£

10

Ordinary

£1

10

10

8.

RESERVES

Retained

earnings

£

At 1 March 2018

195

Profit for the year

24,416

Dividends

(18,500

)

At 28 February 2019

6,111

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2019

and 28 February 2018:

28.2.19

28.2.18

£

£

D M Brown

Balance outstanding at start of year

11,742

17,780

Amounts advanced

25,602

16,962

Amounts repaid

(18,500

)

(23,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

18,844

11,742

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is D M Brown.

The following reproduces the text of the report prepared for the director 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 Director are not required to be filed with the Registrar

of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval

the financial statements of PLANET EMPLOYMENT LIMITED for the year ended 28 February 2019 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.

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.

This report is made solely to the director of PLANET EMPLOYMENT LIMITED in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of PLANET EMPLOYMENT LIMITED and state those matters that we have agreed to state to the director of PLANET EMPLOYMENT LIMITED 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 PLANET EMPLOYMENT LIMITED and its director for our work or for this report.

It is your duty to ensure that PLANET EMPLOYMENT 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 PLANET EMPLOYMENT LIMITED. You consider that PLANET EMPLOYMENT 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 PLANET EMPLOYMENT 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.

LBW Chartered Accountants

Enterprise House

The Courtyard

Old Courthouse Road

Bromborough

Merseyside

CH62 4UE

28 November 2019