The B Plan Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09302495 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2020

for

The B Plan Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mrs K L Slater

REGISTERED OFFICE:

24 Picton House

Hussar Court

Waterlooville

Hampshire

PO7 7SQ

REGISTERED NUMBER:

09302495 (England and Wales)

ACCOUNTANTS:

Johnston Wood Roach Limited

24 Picton House

Hussar Court

Waterlooville

Hampshire

PO7 7SQ

FIXED ASSETS

Tangible assets

4

20,859

27,812

CURRENT ASSETS

Debtors

5

303

21,967

Cash at bank

79,524

114,601

79,827

136,568

CREDITORS

Amounts falling due within one year

6

14,140

38,118

NET CURRENT ASSETS

65,687

98,450

TOTAL ASSETS LESS CURRENT LIABILITIES

86,546

126,262

PROVISIONS FOR LIABILITIES

7

3,963

5,284

NET ASSETS

82,583

120,978

CAPITAL AND RESERVES

Called up share capital

8

200

200

Retained earnings

82,383

120,778

SHAREHOLDERS' FUNDS

82,583

120,978

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 April 2020 and were signed by:

Mrs K L Slater - Director

1.	STATUTORY INFORMATION

The B Plan Ltd 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.

Accounts are rounded to the nearest pound.

The accounts represent the company as an individual entity.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents invoiced sales of services, excluding value added tax.

Tangible fixed assets

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

Motor vehicles

-

25% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - NIL).

4.	TANGIBLE FIXED ASSETS

Motor

vehicles

£

COST

At 1 April 2019

and 31 March 2020

44,544

DEPRECIATION

At 1 April 2019

16,732

Charge for year

6,953

At 31 March 2020

23,685

NET BOOK VALUE

At 31 March 2020

20,859

At 31 March 2019

27,812

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Other debtors

303

21,967

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Taxation and social security

1,233

37,688

Other creditors

12,907

430

14,140

38,118

7.	PROVISIONS FOR LIABILITIES

31.3.20

31.3.19

£

£

Deferred tax

Accelerated capital allowances

3,963

5,284

Deferred

tax

£

Balance at 1 April 2019

5,284

Provided during year

(1,321

)

Balance at 31 March 2020

3,963

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.20

31.3.19

value:

£

£

200

Ordinary

£1

200

200

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2020 and

31 March 2019:

31.3.20

31.3.19

£

£

Mrs K L Slater

Balance outstanding at start of year

21,767

1,756

Amounts advanced

26,595

32,054

Amounts repaid

(60,839

)

(12,043

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(12,477

)

21,767

At the end of the period, the company owed its Director £12,477

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Mrs K L Slater.