Company Registration No. 08472139 (England and Wales)
PLANET FIRST LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2015
PLANET FIRST LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
PLANET FIRST LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 APRIL 2015
30 April 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Intangible assets
2
5,345
10,690
Tangible assets
2
2,096
753
7,441
11,443
Current assets
Debtors
107,957
29,886
Cash at bank and in hand
17,844
48,463
125,801
78,349
Creditors: amounts falling due within one year
(82,959)
(40,231)
Net current assets
42,842
38,118
Total assets less current liabilities
50,283
49,561
Capital and reserves
Called up share capital
3
12
12
Share premium account
49,998
49,998
Profit and loss account
273
(449)
Shareholders' funds
50,283
49,561
For the financial Year ended 30 April 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the Year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 21 January 2016
S Malkin
Director
Company Registration No. 08472139
PLANET FIRST LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Turnover
Turnover represents amounts receivable for services net of VAT.
1.3
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery
20% straight line
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 May 2014
16,035
941
16,976
Additions
-
1,914
1,914
At 30 April 2015
16,035
2,855
18,890
Depreciation
At 1 May 2014
5,345
188
5,533
Charge for the period
5,345
571
5,916
At 30 April 2015
10,690
759
11,449
Net book value
At 30 April 2015
5,345
2,096
7,441
At 30 April 2014
10,690
753
11,443
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
200 Ordinary of 1p each
2
2
1,000 Ordinary A of 1p each
10
10
12
12
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