Plant World Devon Limited - Abbreviated accounts 16.1

PLANT WORLD DEVON LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

D R Brown

SECRETARY:

S Wilcock

REGISTERED OFFICE:

22 Union Street

Newton Abbot

Devon

TQ12 2JS

REGISTERED NUMBER:

04789372 (England and Wales)

ACCOUNTANTS:

Barretts

Chartered Accountants &

Chartered Tax Advisers

22 Union Street

Newton Abbot

Devon

TQ12 2JS

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

216,107

216,575

216,107

216,575

CURRENT ASSETS

Stocks

24,326

20,948

Debtors

3,828

4,176

Cash at bank and in hand

238,302

176,363

266,456

201,487

CREDITORS

Amounts falling due within one year

60,734

65,086

NET CURRENT ASSETS

205,722

136,401

TOTAL ASSETS LESS CURRENT LIABILITIES

421,829

352,976

PROVISIONS FOR LIABILITIES

2,278

2,306

NET ASSETS

419,551

350,670

CAPITAL AND RESERVES

Called up share capital

4

1

1

Profit and loss account

419,550

350,669

SHAREHOLDERS' FUNDS

419,551

350,670

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps 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 Sections 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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 23 December 2016 and were signed by:

D R Brown - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost

convention and in accordance with the Financial Reporting Standard for

Smaller Entities (effective January 2015).

Turnover

Turnover represents sales of plants and seeds, royalties and catering and

shop income.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after

making due allowance for obsolete and slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have

originated but not reversed at the balance sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

40,000

AMORTISATION

At 1 April 2015

and 31 March 2016

40,000

NET BOOK VALUE

At 31 March 2016

-

At 31 March 2015

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

266,496

Additions

3,827

At 31 March 2016

270,323

DEPRECIATION

At 1 April 2015

49,921

Charge for year

4,295

At 31 March 2016

54,216

NET BOOK VALUE

At 31 March 2016

216,107

At 31 March 2015

216,575

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

1

Ordinary

£1

1

1

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The company rents its business premises from the director at £12,000 per

annum.