Accounts filed on 31-05-2016


Registered number: 03991750






Planoramic Limited


ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31/05/2016
























Prepared By:
Anstee Gorst
Ground Floor Offices, Unit 4 Eaton Court
Colmworth Business Park
Eaton Socon, St Neots
Cambridgeshire
PE19 8ER


ABBREVIATED ACCOUNTS


FOR THE YEAR ENDED 31/05/2016

















INDEX TO THE ACCOUNTS




Abbreviated Balance Sheet		2

Notes to the Abbreviated Accounts		3



The company's registered number is 03991750


Registered Number: 03991750

BALANCE SHEET AT 31/05/2016

			2016		2015
	Notes		£		£

FIXED ASSETS
Tangible assets	2		9,252		2,572

CURRENT ASSETS
Debtors (amounts falling due within one year)	3	44,287		43,692
Cash at bank and in hand		11,896		34,504
		56,183		78,196
CREDITORS: Amounts falling due within one year		61,334		50,142
NET CURRENT (LIABILITIES) / ASSETS			(5,151)		28,054
TOTAL ASSETS LESS CURRENT LIABILITIES			4,101		30,626


PROVISIONS FOR LIABILITIES			1,641		258

NET ASSETS			2,460		30,368

CAPITAL AND RESERVES

Called up share capital	4		2		2
Profit and loss account			2,458		30,366
SHAREHOLDERS' FUNDS			2,460		30,368

For the year ending 31/05/2016 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 06/02/2017 and signed on their behalf by




Jason Cafferty
Director

1. ACCOUNTING POLICIES




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).




1b. Cash Flow Statement
The Company is exempt from including a statement of cash flows in its accounts in accordance with Financial Reporting Standard for Smaller Entities (effective January 2015).




1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Equipment		reducing balance 20%




1d. Taxation
Corporation tax payable is provided on taxable profits at the current rates.
Provision is made for deferred taxation in so far as a liability or asset has arisen as a result of transactions that had occurred by the balance sheet date and have given rise to an obligation to pay more tax in the future, or the right to pay less tax in the future. An asset has not been recognised to the extent that the transfer of economic benefits in the future is uncertain. Deferred tax assets and liabilities recognised have not been discounted.




1e. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.




3. DEBTORS	2016	2015
	£	£

Amounts falling due within one year:
Trade debtors	44,287	43,692
	44,287	43,692




4. SHARE CAPITAL	2016	2015
	£	£
Allotted, issued and fully paid:
2 Ordinary shares of £1 each	2	2
	2	2




5. CONTROLLING PARTY
The controlling party during the year was Mr J Cafferty, a director and shareholder of the company.