PETER KINCH PLANT LIMITED

PETER KINCH PLANT LIMITED

PETER KINCH PLANT LIMITED - Company Information

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PETER KINCH PLANT LIMITED

Company Registration Number:
00904775 (England and Wales)

Unaudited abridged accounts for the year ended 31 October 2017

Period of accounts

Start date: 01 November 2016

End date: 31 October 2017

PETER KINCH PLANT LIMITED

Contents of the Financial Statements

for the Period Ended 31 October 2017

Balance sheet
Notes

PETER KINCH PLANT LIMITED

Balance sheet

As at 31 October 2017


Notes
2017
2016


£
£
Fixed assets
Tangible assets: 3 2,718,396 2,653,307
Total fixed assets: 2,718,396 2,653,307
Current assets
Stocks: 2,500 2,500
Debtors: 4 88,104 125,422
Cash at bank and in hand: 399,187 202,882
Investments:   15,948 15,948
Total current assets: 505,739 346,752
Creditors: amounts falling due within one year:   (156,005) (159,461)
Net current assets (liabilities): 349,734 187,291
Total assets less current liabilities: 3,068,130 2,840,598
Provision for liabilities: (123,460) (122,302)
Total net assets (liabilities): 2,944,670 2,718,296
Capital and reserves
Called up share capital: 2,005 2,005
Profit and loss account: 2,942,665 2,716,291
Shareholders funds: 2,944,670 2,718,296

The notes form part of these financial statements

PETER KINCH PLANT LIMITED

Balance sheet statements

For the year ending 31 October 2017 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 06 March 2018
and signed on behalf of the board by:

Name: NP Kinch
Status: Director

The notes form part of these financial statements

PETER KINCH PLANT LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2017

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Tangible fixed assets and depreciation policy

The provision for depreciation is calculated on the net cost of Tangible Fixed Assets in order to write off their cost over their estimated useful lives. Each year 25% is written off the net book value of Motor Vehicles and 15% off the net book values of Plant and Equipment and Fixtures and Fittings. Neither Leasehold Properties nor Buildings are depreciated because the properties are maintained to a high standard and the Company's lease carries conventional rights of renewal.

PETER KINCH PLANT LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2017

2. Employees

2017 2016
Average number of employees during the period 9 9

PETER KINCH PLANT LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2017

3. Tangible Assets

Total
Cost £
At 01 November 2016 2,984,132
Additions 134,649
Disposals (3,163)
At 31 October 2017 3,115,618
Depreciation
At 01 November 2016 330,825
Charge for year 68,959
On disposals (2,562)
At 31 October 2017 397,222
Net book value
At 31 October 2017 2,718,396
At 31 October 2016 2,653,307

PETER KINCH PLANT LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2017

4. Debtors

2017 2016
££
Debtors due after more than one year: 0 0

PETER KINCH PLANT LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2017

5. Loans to directors

Name of director receiving advance or credit: NP Kinch
Description of the loan: During the Year, the Company made loans to NP Kinch which were repayable on demand and carried interest according to the rates prescribed by UK tax legislation.
£
Balance at 01 November 2016 49,572
Advances or credits repaid: 34,790
Balance at 31 October 2017 14,782

During the Year, the Company made loans to NP Kinch which were repayable on demand and carried interest according to the rates prescribed by UK tax legislation. The maximum lent during the year was £14,712, £14,782 remained owing to the Company on 31 October 2017, and £481 interest was charged for the Year.