Accounts filed on 31-05-2020

Accounts filed on 31-05-2020

PLANORAMIC LIMITED - Company Information

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Registered number: 03991750
Planoramic Limited
ACCOUNTS
FOR THE YEAR ENDED 31/05/2020
Prepared By:
Anstee Gorst
Unit 4 Eaton Court
Colmworth Business Park
Eaton Socon
Cambridgeshire
PE19 8ER
Planoramic Limited
ACCOUNTS
FOR THE YEAR ENDED 31/05/2020
DIRECTORS
Jason Cafferty
Joanne Dodson
REGISTERED OFFICE
15 Brookfield Way
Lower Cambourne
Cambridge
CB23 5EB
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 03991750
ACCOUNTANTS
Anstee Gorst
Unit 4 Eaton Court
Colmworth Business Park
Eaton Socon
Cambridgeshire
PE19 8ER
Planoramic Limited
ACCOUNTS
FOR THEYEARENDED31/05/2020
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
Planoramic Limited
BALANCE SHEET AT 31/05/2020
20202019
Notes££
FIXED ASSETS
Tangible assets314,41714,402
CURRENT ASSETS
Debtors420,7319,508
Cash at bank and in hand18,55021,103
39,28130,611
CREDITORS: Amounts falling due within one year524,02619,691
NET CURRENT ASSETS15,25510,920
TOTAL ASSETS LESS CURRENT LIABILITIES29,67225,322
PROVISIONS FOR LIABILITIES AND CHARGES72,6502,627
NET ASSETS27,02222,695
CAPITAL AND RESERVES
Called up share capital822
Profit and loss account27,02022,693
SHAREHOLDERS' FUNDS27,02222,695
For the year ending 31/05/2020 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 04/02/2021 and signed on their behalf by
.............................
Jason Cafferty
Director
Planoramic Limited
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/05/2020
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Equipmentreducing balance 20%
1c. Intangible Assets
Development expenditure is normally written off in the year of expenditure, however expenditure incurred on specific projects is capitalised when recoverability can be foreseen with reasonable certainty and is amortised in relation to sales from such projects.
2. INTANGIBLE FIXED ASSETS
Development
CostsTotal
££
Cost
At 01/06/2019800800
At 31/05/2020800800
Depreciation
At 01/06/2019800800
At 31/05/2020800800
Net Book Amounts
At 31/05/2020--
Planoramic Limited
3. TANGIBLE FIXED ASSETS
EquipmentTotal
££
Cost
At 01/06/201942,19942,199
Additions3,0973,097
At 31/05/202045,29645,296
Depreciation
At 01/06/201927,79727,797
For the year3,0823,082
At 31/05/202030,87930,879
Net Book Amounts
At 31/05/202014,41714,417
At 31/05/201914,40214,402
4. DEBTORS 20202019
££
Amounts falling due within one year
Trade debtors20,3809,150
Prepayments351358
20,7319,508
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20202019
££
UK corporation tax4,180422
VAT8,7959,812
PAYE control750-
Directors current account6249
Trade creditors7,3297,100
Other creditors1,4981,498
Accruals850850
24,02619,691
Planoramic Limited
6. EMPLOYEES
20202019
No.No.
Average number of employees--
7. PROVISIONS FOR LIABILITIES 20202019
££
Deferred taxation2,6502,627
2,6502,627
8. SHARE CAPITAL 20202019
££
Allotted, issued and fully paid:
2 Ordinary shares of £1 each22
22
9. CONTROLLING PARTY
The controlling parties during the year were Mr J Cafferty and Mrs J Dodson, directors and shareholders of the company.