Plantain Essential Oils Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 06525696 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2017

for

Plantain Essential Oils Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Certified Accountants' Report

7

DIRECTOR:

Miss T A Turner

REGISTERED OFFICE:

Stable Cottage

Kislingbury Grange

Rothersthorpe Road

Kislingbury

Northamptonshire

NN7 4AB

REGISTERED NUMBER:

06525696 (England and Wales)

ACCOUNTANTS:

Robins & Co

35 St Leonards Road

Northampton

Northamptonshire

NN4 8DL

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

19,429

3,948

19,429

3,948

CURRENT ASSETS

Debtors

6

44,516

27,533

Cash at bank

6,031

5,316

50,547

32,849

CREDITORS

Amounts falling due within one year

7

52,703

36,448

NET CURRENT LIABILITIES

(2,156

)

(3,599

)

TOTAL ASSETS LESS CURRENT LIABILITIES

17,273

349

CREDITORS

Amounts falling due after more than one year

8

(12,898

)

-

PROVISIONS FOR LIABILITIES

(3,692

)

-

NET ASSETS

683

349

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

583

249

SHAREHOLDERS' FUNDS

683

349

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 11 September 2017 and were signed by:

Miss T A Turner - Director

1.	STATUTORY INFORMATION

Plantain Essential Oils 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

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

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 1 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2016

and 31 March 2017

35,000

AMORTISATION

At 1 April 2016

and 31 March 2017

35,000

NET BOOK VALUE

At 31 March 2017

-

At 31 March 2016

-

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2016

4,216

5,902

7,920

18,038

Additions

-

23,499

-

23,499

Disposals

-

(5,902

)

-

(5,902

)

At 31 March 2017

4,216

23,499

7,920

35,635

DEPRECIATION

At 1 April 2016

3,409

4,501

6,180

14,090

Charge for year

162

5,875

580

6,617

Eliminated on disposal

-

(4,501

)

-

(4,501

)

At 31 March 2017

3,571

5,875

6,760

16,206

NET BOOK VALUE

At 31 March 2017

645

17,624

1,160

19,429

At 31 March 2016

807

1,401

1,740

3,948

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

36,393

25,567

Amounts recoverable on contract

7,391

-

VAT

-

1,966

Prepayments

732

-

44,516

27,533

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Hire purchase contracts

3,521

-

Trade creditors

28,724

16,400

Tax

3,826

2,041

VAT

206

-

Directors' current accounts

15,506

16,857

Accrued expenses

920

1,150

52,703

36,448

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Hire purchase contracts

12,898

-

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

100

Ordinary

£1

100

100

The following reproduces the text of the report prepared for the director and members in respect of the

company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is

only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other

primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Plantain Essential Oils Limited for the year ended 31 March 2017 which comprise the Income

Statement, Balance Sheet, and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Plantain Essential Oils Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Plantain Essential Oils Limited and state those matters that we have agreed to state to the director of Plantain Essential Oils Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Plantain Essential Oils Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Plantain Essential Oils Limited. You consider that Plantain Essential Oils Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Plantain Essential Oils Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Robins & Co

35 St Leonards Road

Northampton

Northamptonshire

NN4 8DL

11 September 2017