P L Plant Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 07701490 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

P L Plant Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S L Lewis

P.L. Lewis

REGISTERED OFFICE:

75 Springfield Road

Chelmsford

Essex

CM2 6JB

REGISTERED NUMBER:

07701490 (England and Wales)

ACCOUNTANTS:

NSO Associates LLP

75 Springfield Road

Chelmsford

Essex

CM2 6JB

FIXED ASSETS

1,281,267

Tangible assets

4

1,046,467

CURRENT ASSETS

10,000

Stocks

25,000

157,883

Debtors

5

174,545

192

Cash at bank

925

168,075

200,470

CREDITORS

475,063

Amounts falling due within one year

6

592,262

(306,988

)

NET CURRENT LIABILITIES

(391,792

)

974,279

TOTAL ASSETS LESS CURRENT LIABILITIES

654,675

CREDITORS

(846,813

)

Amounts falling due after more than one year

7

(509,197

)

(27,516

)

PROVISIONS FOR LIABILITIES

(28,145

)

99,950

NET ASSETS

117,333

CAPITAL AND RESERVES

100

Called up share capital

100

99,850

Retained earnings

117,233

99,950

SHAREHOLDERS' FUNDS

117,333

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 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 Board of Directors on 19 December 2017 and were signed on its behalf by:

P.L. Lewis - Director

1.	STATUTORY INFORMATION

P L Plant Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance and 10% on cost

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 is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks to their present location and condition.

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 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2016 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2016

1,638,871

Additions

199,858

Disposals

(278,474

)

At 31 March 2017

1,560,255

DEPRECIATION

At 1 April 2016

357,604

Charge for year

235,301

Eliminated on disposal

(79,117

)

At 31 March 2017

513,788

NET BOOK VALUE

At 31 March 2017

1,046,467

At 31 March 2016

1,281,267

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 April 2016

1,554,680

Additions

145,216

Disposals

(266,881

)

Transfer to ownership

(13,000

)

At 31 March 2017

1,420,015

DEPRECIATION

At 1 April 2016

333,537

Charge for year

219,547

Eliminated on disposal

(76,605

)

Transfer to ownership

(6,129

)

At 31 March 2017

470,350

NET BOOK VALUE

At 31 March 2017

949,665

At 31 March 2016

1,221,143

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade debtors

169,545

152,883

Other debtors

5,000

5,000

174,545

157,883

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Bank loans and overdrafts

16,955

18,749

Hire purchase contracts

276,192

269,402

Trade creditors

33,622

21,428

Taxation and social security

133,711

52,438

Other creditors

131,782

113,046

592,262

475,063

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.17

31.3.16

£

£

Hire purchase contracts

509,197

846,813

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.17

31.3.16

£

£

Hire purchase contracts

785,389

1,116,215

9.	POST BALANCE SHEET EVENTS

No events have occured since the date of the balance sheet that need to be brought to the attention of the

Shareholders or Third Parties.

10.	ULTIMATE CONTROLLING PARTY

The controlling party is P.L. Lewis.