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 2020

Period of accounts

Start date: 01 November 2019

End date: 31 October 2020

PETER KINCH PLANT LIMITED

Contents of the Financial Statements

for the Period Ended 31 October 2020

Balance sheet
Notes

PETER KINCH PLANT LIMITED

Balance sheet

As at 31 October 2020


Notes
2020
2019


£
£
Fixed assets
Tangible assets: 3 3,067,978 2,905,895
Total fixed assets: 3,067,978 2,905,895
Current assets
Stocks: 2,500 2,500
Debtors:   360,830 358,454
Cash at bank and in hand: 202,598 229,180
Investments:   136,915 15,948
Total current assets: 702,843 606,082
Creditors: amounts falling due within one year:   (200,688) (197,346)
Net current assets (liabilities): 502,155 408,736
Total assets less current liabilities: 3,570,133 3,314,631
Provision for liabilities: (194,982) (159,818)
Total net assets (liabilities): 3,375,151 3,154,813
Capital and reserves
Called up share capital: 2,005 2,005
Profit and loss account: 3,373,146 3,152,808
Shareholders funds: 3,375,151 3,154,813

The notes form part of these financial statements

PETER KINCH PLANT LIMITED

Balance sheet statements

For the year ending 31 October 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.

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 04 March 2021
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 2020

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 2020

2. Employees

2020 2019
Average number of employees during the period 9 9

PETER KINCH PLANT LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2020

3. Tangible Assets

Total
Cost £
At 01 November 2019 3,387,473
Additions 285,092
Disposals (26,466)
At 31 October 2020 3,646,099
Depreciation
At 01 November 2019 481,578
On disposals (19,324)
Other adjustments 115,867
At 31 October 2020 578,121
Net book value
At 31 October 2020 3,067,978
At 31 October 2019 2,905,895

PETER KINCH PLANT LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2020

4. Loans to directors

Name of director receiving advance or credit: NP Kinch
Description of the loan: Current Account
£
Balance at 01 November 2019 196,605
Advances or credits made: 26,687
Advances or credits repaid: 38,500
Balance at 31 October 2020 184,792

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 £209,105. £184,792 remained owing to the Company on 31 October 2020, and £4,687 interest was charged for the Year.