SOLUTIONS_FOR_THE_PLANET_ - Accounts

SOLUTIONS FOR THE PLANET LIMITED - Company Information

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SOLUTIONS FOR THE PLANET LIMITED

FORMERLY PARTNERS IN INNOVATION LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2013

Company Registration No. 04375187 (England and Wales)

SOLUTIONS FOR THE PLANET LIMITED

FORMERLY PARTNERS IN INNOVATION LIMITED

COMPANY INFORMATION

Directors

C A Richardson-Roberts

J S Baughan

(Appointed 31 August 2013)

K A Luckock

(Appointed 31 August 2013)

Company number

04375187

Registered office

9 St Lucia Close

Bristol

BD7 0XS

Accountants

Naylor Wintersgill Limited

Carlton House

Grammar School Street

Bradford

BD1 4NS

SOLUTIONS FOR THE PLANET LIMITED

FORMERLY PARTNERS IN INNOVATION LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

SOLUTIONS FOR THE PLANET LIMITED

FORMERLY PARTNERS IN INNOVATION LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 OCTOBER 2013

- 1 -

2013

2012

Notes

Fixed assets

Investments

Current assets

Debtors

7,075

1,323

Cash at bank and in hand

4,133

44,652

11,208

45,975

Creditors: amounts falling due within one year

(11,191)

(40,745)

Net current assets

5,230

Total assets less current liabilities

5,231

Capital and reserves

Profit and loss account

5,231

Shareholders' funds

5,231

For the financial year ended 31 October 2013 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board and authorised for issue on 21 July 2014

J S Baughan

Director

Company Registration No. 04375187

SOLUTIONS FOR THE PLANET LIMITED

FORMERLY PARTNERS IN INNOVATION LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2013

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention.

For the third year we are reporting an operating loss. As visible in the accounts we drastically reduced our overheads throughout the year, changed staffing levels and have developed a more efficient programme delivery model. The new board of directors do not expect to be reporting a loss at the end of the trading year.

The nature of the company’s business is such that there can be considerable and unpredictable variation in the cash inflows. On the basis of the projected cash flow information prepared by the directors, the directors consider that the company will continue to operate. On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Computer equipment

3 years straight line basis

Fixtures, fittings & equipment

3-5 years on a straight line basis

1.5

Leasing

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

1.6

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

1.7

Pensions

The company contributes to individual stakeholder pension schemes for the benefit of certain employees. Contributions payable are charged to the profit and loss account in the year they are payable.

1.8

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

1.9

Group accounts

The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.

SOLUTIONS FOR THE PLANET LIMITED

FORMERLY PARTNERS IN INNOVATION LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 OCTOBER 2013

- 3 -

Fixed assets

Investments

Cost

At 1 November 2012 & at 31 October 2013

At 31 October 2012

Holdings of more than 20%

The company holds more than 20% of the share capital of the following companies:

Company

Country of registration or

Shares held

incorporation

Class

Subsidiary undertakings

Partners in Innovation Limited formerly Solutions for the Planet Limited

England and Wales

Ordinary

100.00

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:

Capital and reserves

Profit/(loss) for the year

2013

Principal activity

Partners in Innovation Limited formerly Solutions for the Planet Limited

Dormant

Related party relationships and transactions

Other transactions

Mr C Schofield, who was a director of Solutions for the Planet Limited until he resigned on 17 March 2014, is also a member of Schofield Sweeney LLP. During the period, Schofield Sweeney LLP provided legal services totalling £Nil (2012 - £4,855). At the year end, the balance owing to Schofield Sweeney LLP was £Nil (2012 - £Nil).