Plantain Essential Oils Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 06525696 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

FOR

PLANTAIN ESSENTIAL OILS LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Miss T A Turner

REGISTERED OFFICE:

Stable Cottage

Kislingbury Grange

Rothersthorpe Road

Kislingbury

Northamptonshire

NN7 4AB

REGISTERED NUMBER:

06525696 (England and Wales)

ACCOUNTANTS:

Elsby & Company Ltd

Thistle Down Barn

Holcot Lane

Sywell

Northants

Northamptonshire

NN6 0BG

FIXED ASSETS

Intangible assets

2

-

Tangible assets

3

3,948

4,625

3,948

4,625

CURRENT ASSETS

Debtors

27,533

55,225

Cash at bank

5,316

7,943

32,849

63,168

CREDITORS

Amounts falling due within one year

36,448

45,963

NET CURRENT (LIABILITIES)/ASSETS

(3,599

)

17,205

TOTAL ASSETS LESS CURRENT
LIABILITIES

349

21,830

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

249

21,730

SHAREHOLDERS' FUNDS

349

21,830

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 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 director on 26 October 2016 and were signed by:

Miss T A Turner - 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 2008, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

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

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

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 the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

35,000

AMORTISATION

At 1 April 2015

and 31 March 2016

35,000

NET BOOK VALUE

At 31 March 2016

-

At 31 March 2015

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

17,179

Additions

859

At 31 March 2016

18,038

DEPRECIATION

At 1 April 2015

12,554

Charge for year

1,536

At 31 March 2016

14,090

NET BOOK VALUE

At 31 March 2016

3,948

At 31 March 2015

4,625

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary

£1

100