PETER KINCH PLANT LIMITED

PETER KINCH PLANT LIMITED

PETER KINCH PLANT LIMITED - Company Information

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PETER KINCH PLANT LIMITED

Company Registration Number:
00904775 (England and Wales)

Unaudited abridged accounts for the year ended 31 October 2019

Period of accounts

Start date: 01 November 2018

End date: 31 October 2019

PETER KINCH PLANT LIMITED

Contents of the Financial Statements

for the Period Ended 31 October 2019

Balance sheet
Notes

PETER KINCH PLANT LIMITED

Balance sheet

As at 31 October 2019


Notes
2019
2018


£
£
Fixed assets
Tangible assets: 3 2,905,895 2,860,553
Total fixed assets: 2,905,895 2,860,553
Current assets
Stocks: 2,500 2,500
Debtors:   358,454 399,747
Cash at bank and in hand: 229,180 127,140
Investments:   15,948 15,948
Total current assets: 606,082 545,335
Net current assets (liabilities): 606,082 545,335
Total assets less current liabilities: 3,511,977 3,405,888
Creditors: amounts falling due after more than one year:   (197,346) (204,320)
Provision for liabilities: (159,818) (150,470)
Total net assets (liabilities): 3,154,813 3,051,098
Capital and reserves
Called up share capital: 2,005 2,005
Profit and loss account: 3,152,808 3,049,093
Shareholders funds: 3,154,813 3,051,098

The notes form part of these financial statements

PETER KINCH PLANT LIMITED

Balance sheet statements

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 25 March 2020
and signed on behalf of the board by:

Name: NP Kinch
Status: Director

The notes form part of these financial statements

PETER KINCH PLANT LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2019

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

PETER KINCH PLANT LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2019

2. Employees

2019 2018
Average number of employees during the period 9 9

PETER KINCH PLANT LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2019

3. Tangible Assets

Total
Cost £
At 01 November 2018 3,290,114
Additions 175,684
Disposals (78,325)
At 31 October 2019 3,387,473
Depreciation
At 01 November 2018 429,561
Charge for year 96,260
On disposals (44,243)
At 31 October 2019 481,578
Net book value
At 31 October 2019 2,905,895
At 31 October 2018 2,860,553

PETER KINCH PLANT LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2019

4. Loans to directors

Name of director receiving advance or credit: N Kinch
Description of the loan: Loan to Director repayable on demand.
£
Balance at 01 November 2018 228,091
Advances or credits repaid: 31,486
Balance at 31 October 2019 196,605

During the Year, the Company made loans to NP Kinch which were repayable on demand and carried interest according to the rates prescribed by UK tax legislation. The maximum lent during the year was £228,091. £196,605 remained owing to the Company on 31 October 2019, and £5,014 interest was charged for the Year.