PLANET_FIRST_LIMITED - Accounts

PLANET FIRST LIMITED - Company Information

Print Friendly Version

Company Registration No. 08472139 (England and Wales)

PLANET FIRST LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 APRIL 2014

PLANET FIRST LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

PLANET FIRST LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 APRIL 2014

- 1 -

2014

Notes

Fixed assets

Intangible assets

10,690

Tangible assets

753

11,443

Current assets

Debtors

29,886

Cash at bank and in hand

48,463

78,349

Creditors: amounts falling due within one year

(40,231)

Net current assets

38,118

Total assets less current liabilities

49,561

Capital and reserves

Called up share capital

Share premium account

49,998

Profit and loss account

(449)

Shareholders' funds

49,561

For the financial period ended 30 April 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;

The director acknowledges his 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 for issue on 2 December 2014

S Malkin

Director

Company Registration No. 08472139

PLANET FIRST LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 30 APRIL 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

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 services net of VAT.

1.4

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

1.5

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:

Fixtures, fittings & equipment

20% straight line

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 3 April 2013

Additions

16,035

941

16,976

At 30 April 2014

16,035

941

16,976

Depreciation

At 3 April 2013

Charge for the period

5,345

188

5,533

At 30 April 2014

5,345

188

5,533

Net book value

At 30 April 2014

10,690

753

11,443

PLANET FIRST LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE PERIOD ENDED 30 APRIL 2014

- 3 -

Share capital

2014

Allotted, called up and fully paid

200 Ordinary of 1p each

1,000 Ordinary A of 1p each

During the period 1,000 Ordinary shares of 1p each were allotted and fully paid at par. Also during the period, 177 Ordinary shares of 1 p each were issued at a price of £282.48 each. The amount received as consideration in excess of the nominal value is shown in the share premium account.

In January 2014 the original 1,000 Ordinary shares of 1p each were re-designated as 1,000 Ordinary A shares of 1p each.