Jane Plant Limited - Period Ending 2014-03-31

Registration number: 07558899

Jane Plant Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2014
 

Redshield Business Solutions Limited
Chartered Accountants
Unit 2
Birchden Farm
Broadwater Forest Lane
Groombridge, Tunbridge Wells
Kent
TN3 9NR

Jane Plant Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Jane Plant Limited
(Registration number: 07558899)
Abbreviated Balance Sheet at 31 March 2014

		Note			2014 £			2013 £
Fixed assets
Intangible fixed assets					25,139			37,708
Tangible fixed assets					5,515			5,054
					30,654			42,762
Current assets
Stocks					5,000			5,000
Debtors					23,044			12,177
Cash at bank and in hand					19,006			4,658
					47,050			21,835
Creditors: Amounts falling due within one year					(53,363)			(56,663)
Net current liabilities					(6,313)			(34,828)
Net assets					24,341			7,934
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					24,241			7,834
Shareholders' funds					24,341			7,934

For the year ending 31 March 2014 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 director acknowledges her 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 director on 10 November 2014

.........................................
JK Plant
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Jane Plant Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Amortisation

Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Amortisation method and rate
Goodwill	5 years
Franchise fee	5 years

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and machinery	25% reducing balance
Office equipment	25% reducing balance

Research and development

Development expenditure incurred on an individual project is carried forward when its future recoverability can reasonably be regarded as assured. Any expenditure carried forward is amortised in line with the expected future sales from the related project.

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Page 2

Jane Plant Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2014
......... continued

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Intangible assets £			Tangible assets £			Total £
Cost
At 1 April 2013		62,846			8,306			71,152
Additions		-			2,300			2,300
At 31 March 2014		62,846			10,606			73,452
Depreciation
At 1 April 2013		25,138			3,252			28,390
Charge for the year		12,569			1,839			14,408
At 31 March 2014		37,707			5,091			42,798
Net book value
At 31 March 2014		25,139			5,515			30,654
At 31 March 2013		37,708			5,054			42,762

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100

Page 3