Pluspoint (London) Ltd - Accounts to registrar - small 17.1

Pluspoint (London) Ltd - Accounts to registrar - small 17.1

PLUSPOINT (LONDON) LTD - Company Information

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REGISTERED NUMBER: 06464594 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2016

for

Pluspoint (London) Ltd

Pluspoint (London) Ltd (Registered number: 06464594)






Contents of the Financial Statements
for the Year Ended 31 December 2016




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Pluspoint (London) Ltd

Company Information
for the Year Ended 31 December 2016







DIRECTOR: N F Springer





REGISTERED OFFICE: 67 Westow Street
Upper Norwood
London
SE19 3RW





REGISTERED NUMBER: 06464594 (England and Wales)





ACCOUNTANTS: Thornton Springer LLP
Chartered Accountants
67 Westow Street
London
SE19 3RW
Page 1
Pluspoint (London) Ltd (Registered number: 06464594)

Balance Sheet
31 December 2016

31.12.16 31.12.15
Notes £    £   
CURRENT ASSETS
Stocks 510,868 510,868
Cash at bank 27,950 13,607
538,818 524,475
CREDITORS
Amounts falling due within one year 5 (156,902 ) (146,537 )
NET CURRENT ASSETS 381,916 377,938
TOTAL ASSETS LESS CURRENT
LIABILITIES
381,916
377,938

CREDITORS
Amounts falling due after more than one
year
6
(360,000
)
(360,000
)
NET ASSETS 21,916 17,938

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 8 21,914 17,936
SHAREHOLDERS' FUNDS 21,916 17,938

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 25 April 2017 and were signed by:





N F Springer - Director


The notes form part of these financial statements

Page 2
Pluspoint (London) Ltd (Registered number: 06464594)

Notes to the Financial Statements
for the Year Ended 31 December 2016

1. STATUTORY INFORMATION

Pluspoint (London) Ltd is a private company, limited by shares , registered in England and Wales. The
company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. These are the company's first set of financial statements prepared in accordance with FRS 102. There were no transitional adjustments.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or
substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Stocks
Stocks of Property are valued at the lower of cost and net realisable value.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.16 31.12.15
£    £   
Taxation and social security 993 628
Other creditors 155,909 145,909
156,902 146,537

Page 3 continued...
Pluspoint (London) Ltd (Registered number: 06464594)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.16 31.12.15
£    £   
Bank loans 360,000 360,000

7. SECURED DEBTS

The following secured debts are included within creditors:

31.12.16 31.12.15
£    £   
Bank loans 360,000 360,000

Bank Loans are secured on the properties held as trading stock.

8. RESERVES
Retained
earnings
£   

At 1 January 2016 17,936
Profit for the year 3,978
At 31 December 2016 21,914

Page 4