M.P.W. Planning Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 02709654 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MAY 2016

FOR

M.P.W. PLANNING LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

M P West

C J Francis

P G Long

SECRETARY:

C J Francis

REGISTERED OFFICE:

127 Metal Box Factory

30 Great Guilford Street

London

SE1 0HS

REGISTERED NUMBER:

02709654 (England and Wales)

ACCOUNTANTS:

Ballams

Chartered Accountants

Crane Court

302 London Road

Ipswich

Suffolk

IP2 0AJ

FIXED ASSETS

Tangible assets

2

3,254

4,493

CURRENT ASSETS

Stocks

75,800

50

Debtors

29,272

43,621

Cash at bank and in hand

58,052

75,677

163,124

119,348

CREDITORS

Amounts falling due within one year

35,957

52,636

NET CURRENT ASSETS

127,167

66,712

TOTAL ASSETS LESS CURRENT
LIABILITIES

130,421

71,205

CAPITAL AND RESERVES

Called up share capital

3

Profit and loss account

130,418

71,202

SHAREHOLDERS' FUNDS

130,421

71,205

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

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

The directors acknowledge their 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 Board of Directors on 24 February 2017 and were signed on
its behalf by:

C J Francis - 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 the fair value of services provided during the year on client assignments.

Turnover is recognised as each job progresses and the right to consideration is earned. Turnover

excludes Value Added Tax.

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

-

20% on reducing balance

Stocks

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.

Deferred tax

Deferred tax is provided in full on timing differences which result in an obligation at the balance sheet

date to pay more tax, or a right to pay less tax, at a future date, at rates expected to apply when they

crystallise based on current tax rates and law. Timing differences arise from the inclusion of items of

income and expenditure in taxation computations in periods different from those in which they are

included in the financial statements. Deferred tax assets are recognised to the extent that it is regarded

as more likely than not that they will be recovered.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2015

42,084

Disposals

(2,434

)

At 31 May 2016

39,650

DEPRECIATION

At 1 June 2015

37,591

Charge for year

814

Eliminated on disposal

(2,009

)

At 31 May 2016

36,396

NET BOOK VALUE

At 31 May 2016

3,254

At 31 May 2015

4,493

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

3

Ordinary

£1

3

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2016 and

31 May 2015:

2016

2015

£

C J Francis

Balance outstanding at start of year

8,669

-

Amounts advanced

6,991

8,669

Amounts repaid

-

Balance outstanding at end of year

15,660

8,669