Plantabox Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 06528527 (England and Wales)

Abbreviated unaudited accounts

For the period

1st April 2015 to 31st December 2015

For

PLANTABOX LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

D R Wilson

M E Humphries

Mrs L A Wilson

REGISTERED OFFICE:

Unit 5 Clyst Units

Cofton Road

Marsh Barton

Exeter

Devon

EX2 8QW

REGISTERED NUMBER:

06528527 (England and Wales)

ACCOUNTANTS:

Barkers

No 7 Sportsmans

Camelford

Cornwall

PL32 9QT

FIXED ASSETS

Intangible assets

2

34,403

40,328

Tangible assets

3

38,796

50,095

73,199

90,423

CURRENT ASSETS

Stocks

30,000

26,150

Debtors

33,164

45,957

Cash at bank

55,290

25,262

118,454

97,369

CREDITORS

Amounts falling due within one year

75,966

78,956

NET CURRENT ASSETS

42,488

18,413

TOTAL ASSETS LESS CURRENT
LIABILITIES

115,687

108,836

CREDITORS

Amounts falling due after more than one year

-

3,733

NET ASSETS

115,687

105,103

CAPITAL AND RESERVES

Called up share capital

4

2

Profit and loss account

115,685

105,101

SHAREHOLDERS' FUNDS

115,687

105,103

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st December 2015.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st December 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 13th September 2016 and were signed on its behalf by:

D R Wilson - Director

Mrs L A Wilson - Director

M E Humphries - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant & machinery

15% per annum, reducing balance

Plant & machinery - finance leased

50% per annum, on cost

Fixtures & fittings

15% per annum, reducing balance

Web site design

20% per annum, on cost

Computer equipment

33% per annum, on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are

depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period

of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1st April 2015

and 31st December 2015

79,170

AMORTISATION

At 1st April 2015

38,842

Amortisation for period

5,925

At 31st December 2015

44,767

NET BOOK VALUE

At 31st December 2015

34,403

At 31st March 2015

40,328

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st April 2015

112,984

Additions

2,400

At 31st December 2015

115,384

DEPRECIATION

At 1st April 2015

62,889

Charge for period

13,699

At 31st December 2015

76,588

NET BOOK VALUE

At 31st December 2015

38,796

At 31st March 2015

50,095

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

value:

£

2

Ordinary

£1

2