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04382548
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2022-03-31
Registered Number:04382548 |
For the year ended 31 March 2022
England and Wales
Unaudited Financial Statements
2
Plantdrive Limited
Statement of Financial Position
2021
2022
2
3,234,000
3,080,000
558,000
558,000
3
3,792,000
3,638,000
Trade and other receivables |
38,853
34,053
4
111,218
Cash and cash equivalents |
127,968
162,021
150,071
Trade and other payables: amounts falling due within one |
year |
(108,059)
(105,807)
5
42,012
56,214
Net current assets
Total assets less current liabilities |
3,848,214
3,680,012
Trade and other payables: amounts falling due after more |
than one year |
(905,000)
(872,266)
6
(330,422)
(359,682)
Provisions for liabilities |
2,645,526
Net assets
2,415,330
4
4
1,483,366
1,300,106
1,162,156
1,115,220
2,645,526
2,415,330
Shareholders' funds
For the year ended 31 March 2022 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
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3
For the year ended 31 March 2022
Plantdrive Limited
Statement of Financial Position Continued
These financial statements were approved and authorised for issue by the Board on 24 May 2022 and were signed by: |
The notes form part of these financial statements |
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4
For the year ended 31 March 2022
Plantdrive Limited
Notes to the Financial Statements
Statutory Information
Plantdrive Limited is a private limited company, limited by shares, domiciled in England and Wales, registration |
number 04382548. |
3 Preston Parade
Whitstable
Kent
CT5 4AA
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover represents rents receivable.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and machinery
No depreciation is provided on the company''s freehold properties since in the opinion of the directors the expected |
useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation |
would be immaterial. The directors undertake an annual impairment review of these properties. |
Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. The original costs were £1,513,607. |
Inventories
Property is transfered into Stocks when they are put up for sale and are valued at the lower of cost and net realisable value. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
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5
For the year ended 31 March 2022
Plantdrive Limited
Notes to the Financial Statements Continued
3,080,000
154,000
3,234,000
3,234,000
3,080,000
3. Investments held as fixed assets |
558,000
558,000
558,000
558,000
558,000
558,000
558,000
558,000
4. Trade and other receivables |
2021
2022
84,676
49,274
Amounts owed by group undertakings and participating interests |
(19,046)
20,970
(31,577)
(31,391)
38,853
34,053
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6
For the year ended 31 March 2022
Plantdrive Limited
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year |
2021
2022
Bank loans and overdraft (secured) |
36,000
53,756
6,000
-
7,076
12,062
Taxation and social security |
35,099
36,241
21,632
6,000
105,807
108,059
6. Trade and other payables: amounts falling due after more than one year |
2021
2022
35,510
50,000
Bank loans and overdraft (secured) |
836,756
855,000
872,266
905,000
7. Average number of persons employed |
During the year the average number of employees was 1 (2021 : 1)
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