Abbreviated Company Accounts - PLANNED CONTRACTS LIMITED

PLANNED CONTRACTS LIMITED - Company Information

Registered Number 08777157

PLANNED CONTRACTS LIMITED

Abbreviated Accounts

30 December 2015

PLANNED CONTRACTS LIMITED Registered Number 08777157

Abbreviated Balance Sheet as at 30 December 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	16,262	-
		16,262	-
Current assets
Stocks		-	151,530
Debtors		81,137	302,914
Cash at bank and in hand		10,670	9,970
		91,807	464,414
Prepayments and accrued income		60,473	-
Creditors: amounts falling due within one year		(111,948)	(444,410)
Net current assets (liabilities)		40,332	20,004
Total assets less current liabilities		56,594	20,004
Provisions for liabilities		(3,252)	0
Total net assets (liabilities)		53,342	20,004
Capital and reserves
Called up share capital		100	100
Profit and loss account		53,242	19,904
Shareholders' funds		53,342	20,004

For the year ending 30 December 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 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 11 April 2016

And signed on their behalf by:
S G Owens, Director

PLANNED CONTRACTS LIMITED Registered Number 08777157

Notes to the Abbreviated Accounts for the period ended 30 December 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover shown in the profit and loss account represents revenue earned during the period, exclusive of VAT

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. A full year's depreciation is charged in the year of purchase.
Plant and machinery - 20% on cost
Motor vehicles - 25% on reducing balance

Other accounting policies
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

2Tangible fixed assets

	£
Cost
At 1 January 2015	0
Additions	21,682
Disposals	-
Revaluations	-
Transfers	-
At 30 December 2015	21,682
Depreciation
At 1 January 2015	0
Charge for the year	5,420
On disposals	-
At 30 December 2015	5,420
Net book values
At 30 December 2015	16,262
At 31 December 2014	0