Plan B International Solutions Limited - Period Ending 2016-01-31

 
 
 
 
 
 
 
  Plan B International Solutions Limited
 
  Unaudited Abbreviated Accounts
  Year Ended 31 January 2016
 
  Company Registration Number: 07122242

Plan B International Solutions Limited
Contents

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 5

Plan B International Solutions Limited
Abbreviated Balance Sheet
31 January 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets		2			27,268			43,594
Investments		2			1			1
					27,269			43,595
Current assets
Debtors					676,210			266,747
Cash at bank and in hand					72,208			446,687
					748,418			713,434
Creditors: Amounts falling due within one year					(411,299)			(392,837)
Net current assets					337,119			320,597
Total assets less current liabilities					364,388			364,192
Creditors: Amounts falling due after more than one year					(16,068)			(20,171)
Provisions for liabilities					(110,016)			(98,890)
Net assets					238,304			245,131
Capital and reserves
Called up share capital		4			3			3
Profit and loss account					238,301			245,128
Shareholders' funds					238,304			245,131

The notes on pages 3 to 5 form an integral part of these financial statements.
Page 1

Plan B International Solutions Limited
Abbreviated Balance Sheet
31 January 2016 ......... continued

For the year ending 31 January 2016 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 22 September 2016 and signed on its behalf by:

Mr W T Cross
Director

Mr A P Moulding
Director

Mr J Holmes
Director

Company Registration Number: 07122242

The notes on pages 3 to 5 form an integral part of these financial statements.
Page 2

Plan B International Solutions Limited
Notes to the Abbreviated Accounts
Year Ended 31 January 2016 ......... 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 January 2015).

Exemption from preparing group accounts

The company is part of a small group. The company has taken advantage of the exemption provided by Section 398 of the Companies Act 2006 and has not prepared group accounts.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers. Revenue is recognised when the order is delivered.

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Asset class	Depreciation method and rate
Plant and machinery	33% straight line
Fixtures and fittings	33% straight line
Motor vehicles	33% straight line
Office equipment	33% straight line

Fixed asset investments

Fixed asset investments are stated at historical cost less provision for any diminution in value. The directors review the value of the investment annually, for impairment.

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Foreign currency

Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

Page 3

Plan B International Solutions Limited
Notes to the Abbreviated Accounts
Year Ended 31 January 2016 ......... continued

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

2	Fixed assets

		Tangible assets £			Investments £			Total £
Cost
At 1 February 2015		56,026			1			56,027
Additions		630			-			630
At 31 January 2016		56,656			1			56,657
Depreciation
At 1 February 2015		12,432			-			12,432
Charge for the year		16,956			-			16,956
At 31 January 2016		29,388			-			29,388
Net book value
At 31 January 2016		27,268			1			27,269
At 31 January 2015		43,594			1			43,595

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking	Country of incorporation	Holding	Proportion of voting rights and shares held	Principal activity
Subsidiary undertakings
Plan B (R&D) Limited	England & Wales	Ordinary	100.00%	Dormant

Page 4

Plan B International Solutions Limited
Notes to the Abbreviated Accounts
Year Ended 31 January 2016 ......... continued

The profit for the financial period of Plan B (R&D) Limited was £0 and the aggregate amount of capital and reserves at the end of the period was £1.

3

Creditors

Creditors includes the following liabilities, on which security has been given by the company:

		2016 £			2015 £
Amounts falling due within one year		4,102			4,102
Amounts falling due after more than one year		16,068			20,171
Total secured creditors		20,170			24,273

4	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary A Shares of £0.10 each		8			£0.80			8			£0.80
Ordinary B Shares of £0.10 each		10			£1.00			10			£1.00
Ordinary C Shares of £0.10 each		8			£0.80			8			£0.80
Ordinary D Shares of £0.10 each		2			£0.20			2			£0.20
Ordinary E Shares of £0.10 each		2			£0.20			2			£0.20
		30			£3.00			30			£3.00

Page 5