Planet Solutions UK Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 06950651 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2016

FOR

PLANET SOLUTIONS UK LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

NCS REINECK

D KINGSLAND

REGISTERED OFFICE:

13 DAVID MEWS

PORTER STREET

LONDON

W1U 6EQ

REGISTERED NUMBER:

06950651 (England and Wales)

ACCOUNTANTS:

GOLDWYNS

CHARTERED ACCOUNTANTS

13 DAVID MEWS

PORTER STREET

LONDON

W1U 6EQ

FIXED ASSETS

Tangible assets

2

89

215

CURRENT ASSETS

Debtors

45,996

45,073

CREDITORS

Amounts falling due within one year

55,666

48,331

NET CURRENT LIABILITIES

(9,670

)

(3,258

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(9,581

)

(3,043

)

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

(9,681

)

(3,143

)

SHAREHOLDERS' FUNDS

(9,581

)

(3,043

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 15 March 2017 and were signed on
its behalf by:

NCS REINECK - Director

1.	ACCOUNTING POLICIES

Going concern

The Company incurred a loss of £6,538 for the year ended 31 August 2016 and had net liabilities

of £9,581 at that date. The financial statements have been prepared on a going concern basis, on

the assumption of the continuing availability of financial support from the directors/shareholders.

The financial statements do not include any adjustments that would arise from a failure to obtain

this financial support.

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 net invoiced sales of goods, excluding Value Added Tax. A sale is recognised

when the goods are delivered.

Tangible fixed assets

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

Computer equipment

-

33% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed

at the balance sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to the profit and loss account in the period to which they

relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2015

and 31 August 2016

1,189

DEPRECIATION

At 1 September 2015

974

Charge for year

126

At 31 August 2016

1,100

NET BOOK VALUE

At 31 August 2016

89

At 31 August 2015

215

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary

£1

100