Company Registration No. 04148306 (England and Wales)
Tidy Planet Limited
Unaudited accounts
for the year ended 31 December 2017
Tidy Planet Limited
Unaudited accounts
Contents
Tidy Planet Limited
Company Information
for the year ended 31 December 2017
Directors
S J Webb
J E B Tyler
Company Number
04148306 (England and Wales)
Registered Office
Primary House
Spring Gardens
Macclesfield
Cheshire
SK10 2DX
Accountants
Taylor Consultancy, Chartered Certified Accountants
Primary House
Spring Gardens
Macclesfield
Cheshire
SK10 2DX
Tidy Planet Limited
Statement of financial position
as at 31 December 2017
Tangible assets
97,587
95,834
Cash at bank and in hand
40,156
341,943
Creditors: amounts falling due within one year
(346,988)
(590,914)
Net current (liabilities)/assets
(50,187)
48,560
Total assets less current liabilities
47,400
144,394
Creditors: amounts falling due after more than one year
(235,976)
(228,561)
Provisions for liabilities
Deferred tax
(13,717)
(10,121)
Net liabilities
(202,293)
(94,288)
Called up share capital
3,000
3,000
Share premium
104,000
104,000
Profit and loss account
(309,293)
(201,288)
Shareholders' funds
(202,293)
(94,288)
For the year ending 31 December 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 24 September 2018.
J E B Tyler
Director
Company Registration No. 04148306
Tidy Planet Limited
Notes to the Accounts
for the year ended 31 December 2017
Tidy Planet Limited is a private company, limited by shares, registered in England and Wales, registration number 04148306. The registered office is Primary House, Spring Gardens, Macclesfield, Cheshire, SK10 2DX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% per annum on a reducing balance basis
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Tidy Planet Limited
Notes to the Accounts
for the year ended 31 December 2017
4
Tangible fixed assets
Plant & machinery
At 31 December 2017
143,008
At 31 December 2017
45,421
At 31 December 2017
97,587
At 31 December 2016
95,834
Finished goods
8,000
10,727
Trade debtors
16,236
50,415
Accrued income and prepayments
18,452
16,299
Other debtors
213,957
220,090
7
Creditors: amounts falling due within one year
2017
2016
Trade creditors
118,464
456,605
Taxes and social security
10,643
9,058
Deferred income
181,564
86,421
8
Creditors: amounts falling due after more than one year
2017
2016
Other creditors
235,976
228,561
Tidy Planet Limited
Notes to the Accounts
for the year ended 31 December 2017
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000
1,000 A Ordinary Shares of £1 each
1,000
1,000
1,000 B Ordinary Shares of £1 each
1,000
1,000
10
Transactions with related parties
Mr S J Webb and Mr J E B Tyler are directors and shareholders in both Tidy Planet and Tidy Plant Holdings (Macclesfield) Limited
At the balance sheet date Tidy Planet had a made a loan to Tidy Planet Holdings (Macclesfield) Limited of £30,142 (2016 - £26,896) which is included in other debtors
The loan is subject to interest at a commercial rate and is repayable upon demand
Mr S J Webb is a director and shareholder in both Tidy Planet and Simon Webb Limited
At the balance sheet date Tidy Planet had a made a loan to Simon Webb Limited of £10,416 (2016 - £14,521) which is included in other debtors
The loan is subject to interest at a commercial rate and is repayable upon demand
11
Average number of employees
During the year the average number of employees was 8 (2016: 8).
