Plant U Need Limited - Period Ending 2015-05-31

Registration number: 06233122

Plant U Need Limited
 
  Annual Report and Unaudited Abbreviated Accounts
 
  for the Year Ended 31 May 2015
 

Plant U Need Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2

Plant U Need Limited
(Registration number: 06233122)
Abbreviated Balance Sheet at 31 May 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					17,464			-
Current assets
Debtors					7,549			-
Cash at bank and in hand					401			1
					7,950			1
Creditors: Amounts falling due within one year					(24,293)			-
Net current (liabilities)/assets					(16,343)			1
Net assets					1,121			1
Capital and reserves
Called up share capital		3			1			1
Profit and loss account					1,120			-
Shareholders' funds					1,121			1

For the year ending 31 May 2015 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

Approved by the director on 23 February 2016

.........................................
Mr D P Watters
Director

The notes on page 2 form an integral part of these financial statements.
Page 1

Plant U Need Limited
Notes to the Abbreviated Accounts for the Year Ended 31 May 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirements to prepare such a statement.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of equipment hire to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and machinery	25% reducing balance

2	Fixed assets

		Tangible assets £			Total £
Cost
Additions		19,494			19,494
At 31 May 2015		19,494			19,494
Depreciation
Charge for the year		2,030			2,030
At 31 May 2015		2,030			2,030
Net book value
At 31 May 2015		17,464			17,464

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary shares of £1 each		1			1			1			1

Page 2