WAREHOUSE PLANNING LIMITED 11/02/2020 iXBRL

WAREHOUSE PLANNING LIMITED 11/02/2020 iXBRL

WAREHOUSE PLANNING LIMITED - Company Information

Print Friendly Version

11/02/2020 2020-02-11 false false false false false false false false false false true false false true false false false false false false false false No description of principal activities is disclosed 2019-04-01 Sage Accounts Production 19.0 - FRS102_2014 xbrli:pure xbrli:shares iso4217:GBP 01473662 2019-04-01 2020-02-11 01473662 2020-02-11 01473662 2019-03-31 01473662 2018-04-01 2019-03-31 01473662 2019-03-31 01473662 core:LandBuildings core:OwnedOrFreeholdAssets 2019-04-01 2020-02-11 01473662 core:PlantMachinery 2019-04-01 2020-02-11 01473662 core:FurnitureFittingsToolsEquipment 2019-04-01 2020-02-11 01473662 bus:RegisteredOffice 2019-04-01 2020-02-11 01473662 bus:Director1 2019-04-01 2020-02-11 01473662 bus:Director2 2019-04-01 2020-02-11 01473662 bus:CompanySecretary1 2019-04-01 2020-02-11 01473662 core:LandBuildings core:OwnedOrFreeholdAssets 2019-03-31 01473662 core:WithinOneYear 2020-02-11 01473662 core:WithinOneYear 2019-03-31 01473662 core:AfterOneYear 2019-03-31 01473662 core:ShareCapital 2020-02-11 01473662 core:ShareCapital 2019-03-31 01473662 core:RevaluationReserve 2019-03-31 01473662 core:CapitalRedemptionReserve 2020-02-11 01473662 core:CapitalRedemptionReserve 2019-03-31 01473662 core:RetainedEarningsAccumulatedLosses 2020-02-11 01473662 core:RetainedEarningsAccumulatedLosses 2019-03-31 01473662 core:LandBuildings core:OwnedOrFreeholdAssets 2019-03-31 01473662 bus:SmallEntities 2019-04-01 2020-02-11 01473662 bus:AuditExempt-NoAccountantsReport 2019-04-01 2020-02-11 01473662 bus:FullAccounts 2019-04-01 2020-02-11 01473662 bus:SmallCompaniesRegimeForAccounts 2019-04-01 2020-02-11 01473662 bus:PrivateLimitedCompanyLtd 2019-04-01 2020-02-11
Company registration number: 01473662
WAREHOUSE PLANNING LIMITED
Unaudited filleted financial statements
11 February 2020
WAREHOUSE PLANNING LIMITED
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
WAREHOUSE PLANNING LIMITED
Directors and other information
Directors Mr G L Clark
Mr R L Gue
Secretary Mr R L Gue
Company number 01473662
Registered office & 3 Clipstone Brook Park
Business address Cherrycourt Way
Leighton Buzzard
Bedfordshire
LU7 4GP
WAREHOUSE PLANNING LIMITED
Statement of financial position
11 February 2020
11/02/20 31/03/19
Note £ £ £ £
Fixed assets
Tangible assets 5 - 113,605
_______ _______
- 113,605
Current assets
Debtors 6 215,156 123,574
Cash at bank and in hand 2,113,578 2,306,268
_______ _______
2,328,734 2,429,842
Creditors: amounts falling due
within one year 7 ( 53) ( 128,266)
_______ _______
Net current assets 2,328,681 2,301,576
_______ _______
Total assets less current liabilities 2,328,681 2,415,181
Creditors: amounts falling due
after more than one year 8 - ( 18,333)
_______ _______
Net assets 2,328,681 2,396,848
_______ _______
Capital and reserves
Called up share capital 1,294 1,294
Revaluation reserve - 26,816
Capital redemption reserve 8,306 8,306
Profit and loss account 2,319,081 2,360,432
_______ _______
Shareholders funds 2,328,681 2,396,848
_______ _______
For the period ending 11 February 2020 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 period 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 11 February 2020 , and are signed on behalf of the board by:
Mr G L Clark Mr R L Gue
Director Director
Company registration number: 01473662
WAREHOUSE PLANNING LIMITED
Notes to the financial statements
Period ended 11 February 2020
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 3 Clipstone Brook Park, Cherrycourt Way, Leighton Buzzard, Bedfordshire, LU7 4GP.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold property - 2 % straight line
Plant and machinery - 15 % reducing balance
Fittings fixtures and equipment - 15 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 7 (2019: 9 ).
5. Tangible assets
Freehold property Total
£ £
Cost
At 1 April 2019 152,000 152,000
Disposals ( 152,000) ( 152,000)
_______ _______
At 11 February 2020 - -
_______ _______
Depreciation
At 1 April 2019 38,395 38,395
Disposals ( 38,395) ( 38,395)
_______ _______
At 11 February 2020 - -
_______ _______
Carrying amount
At 11 February 2020 - -
_______ _______
At 31 March 2019 113,605 113,605
_______ _______
6. Debtors
11/02/20 31/03/19
£ £
Trade debtors - 78,786
Other debtors 215,156 44,788
_______ _______
215,156 123,574
_______ _______
7. Creditors: amounts falling due within one year
11/02/20 31/03/19
£ £
Trade creditors 53 21,359
Social security and other taxes - 61,455
Other creditors - 45,452
_______ _______
53 128,266
_______ _______
8. Creditors: amounts falling due after more than one year
11/02/20 31/03/19
£ £
Other creditors - 18,333
_______ _______