John Planck Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 02550264 (England and Wales)

JOHN PLANCK LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2017

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs S V Vaines

John Monaghan (Holdings) Limited

Mr T E C Planck

Mrs F E McCann

Mr A Sweatman

REGISTERED OFFICE:

First Floor Offices

Slip 7

The Historic Dockyard

Chatham

Kent

ME4 4TZ

REGISTERED NUMBER:

02550264 (England and Wales)

SENIOR STATUTORY AUDITOR:

Richard Harrison F.C.A.

AUDITORS:

Harrison & Co Accountants Limited

Chartered Accountants

& Statutory Auditors

531 Denby Dale Road West

Calder Grove

Wakefield

West Yorkshire

WF4 3ND

BANKERS:

The Royal Bank of Scotland

Leeds Park Row Branch

27 Park Row

Leeds

West Yorkshire

LS1 5QB

FIXED ASSETS

Tangible assets

4

23,353

20,850

Investments

5

500

500

23,853

21,350

CURRENT ASSETS

Debtors

533,077

373,718

Cash at bank and in hand

336,973

422,314

870,050

796,032

CREDITORS

Amounts falling due within one year

438,944

303,970

NET CURRENT ASSETS

431,106

492,062

TOTAL ASSETS LESS CURRENT LIABILITIES

454,959

513,412

PROVISIONS FOR LIABILITIES

2,056

-

NET ASSETS

452,903

513,412

CAPITAL AND RESERVES

Called up share capital

6

4,750

4,750

Other reserves

(8,250

)

(8,250

)

Retained earnings

456,403

516,912

SHAREHOLDERS' FUNDS

452,903

513,412

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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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 23 May 2018 and were signed on its behalf by:

Mrs F E McCann - Director

1.	STATUTORY INFORMATION

John Planck 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.

Preparation of consolidated financial statements

The financial statements contain information about John Planck Limited as an individual company and do not

contain consolidated financial information as the parent of a group. The company is exempt under Section 401

of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its

subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent,

DJFM Limited, 4 Sandbeds Court, Sandbeds Trading Estate, Ossett, Wakefield WF5 9ND.

Turnover

Turnover comprises the value of sales (net of value added tax, similar taxes and trade discounts) of goods and

services provided in the normal course of business. Turnover is recognised when the goods are despatched,

which is the same day on which the goods are delivered and hence is the point at which the risks and rewards of

ownership pass to the buyer.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

Straight line over 8 years

Fixtures and fittings

-

15% on cost

Computer equipment

-

33% on cost and 25% Straight line

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2016 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2017

179,072

Additions

11,743

At 31 December 2017

190,815

DEPRECIATION

At 1 January 2017

158,222

Charge for year

9,240

At 31 December 2017

167,462

NET BOOK VALUE

At 31 December 2017

23,353

At 31 December 2016

20,850

5.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 January 2017

and 31 December 2017

500

NET BOOK VALUE

At 31 December 2017

500

At 31 December 2016

500

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

4,750

Ordinary

£1

4,750

4,750

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Richard Harrison F.C.A. (Senior Statutory Auditor)

for and on behalf of Harrison & Co Accountants Limited

8.	CONTINGENT LIABILITIES

The company has given guarantees to the company's bankers in respect of the borrowings of other group and

related party companies. The amount of the liabilities under those guarantees was £787,204 (2016 : £

1,587,043).