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REGISTERED NUMBER: 01561496 (England and Wales)
















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

FOR

PLANTOOL LIMITED

PLANTOOL LIMITED (REGISTERED NUMBER: 01561496)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2016




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PLANTOOL LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2016







DIRECTORS: S G M Jones
B Jones





SECRETARY: B Jones





REGISTERED OFFICE: 3 Low March Industrial Estate
Low March
Daventry
Northamptonshire
NN11 4SD





REGISTERED NUMBER: 01561496 (England and Wales)





ACCOUNTANTS: Stewart Fletcher and Barrett
Chartered Accountants
Manor Court Chambers
Townsend Drive
Nuneaton
Warwickshire
CV11 6RU

PLANTOOL LIMITED (REGISTERED NUMBER: 01561496)

BALANCE SHEET
31 December 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,965,842 1,769,925
1,965,842 1,769,925

CURRENT ASSETS
Stocks 6 35,804 15,270
Debtors 7 356,359 307,579
Cash in hand 37,782 4,138
429,945 326,987
CREDITORS
Amounts falling due within one year 8 1,015,677 836,934
NET CURRENT LIABILITIES (585,732 ) (509,947 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,380,110 1,259,978

CREDITORS
Amounts falling due after more than one
year

9

(362,779

)

(310,817

)

PROVISIONS FOR LIABILITIES 12 (228,100 ) (176,330 )
NET ASSETS 789,231 772,831

CAPITAL AND RESERVES
Called up share capital 13 22,000 22,000
Share premium 14 28,000 28,000
Retained earnings 14 739,231 722,831
SHAREHOLDERS' FUNDS 789,231 772,831

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 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.

PLANTOOL LIMITED (REGISTERED NUMBER: 01561496)

BALANCE SHEET - continued
31 December 2016


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 Board of Directors on 20 July 2017 and were signed on its behalf by:





B M Jones - Director


PLANTOOL LIMITED (REGISTERED NUMBER: 01561496)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2016

1. STATUTORY INFORMATION

Plantool 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.

This is the first year in which the financial statements have been prepared in accordance with Financial
Reporting Standard 102. No accounting policies have been changed as a result of this and no amounts in the
comparative period are required to be restated due to the conversion to Financial Reporting Standard 102.

Turnover
Turnover is the amount derived from ordinary activities, and stated after trade discounts, other sales taxes and
VAT.

Goodwill
Goodwill has been fully amortised.

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.
Improvements to property - 20% on cost
Hire fleet - 50% on cost, 33% on cost, 25% on cost, 20% on cost, 10% on cost and Straight line over 20 years
Fixtures and fittings - 25% on cost and 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due
allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in
bringing stocks to their present location and condition.

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.


PLANTOOL LIMITED (REGISTERED NUMBER: 01561496)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2016

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

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.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs.
Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.
If an arrangement constitutes a finance transaction it is measured at present value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 36 .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2016
and 31 December 2016 166,142
AMORTISATION
At 1 January 2016
and 31 December 2016 166,142
NET BOOK VALUE
At 31 December 2016 -
At 31 December 2015 -

PLANTOOL LIMITED (REGISTERED NUMBER: 01561496)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2016

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Hire and
property fleet fittings
£    £    £   
COST
At 1 January 2016 131,609 2,591,329 83,319
Additions 21,642 386,367 5,848
Disposals - (169,970 ) -
At 31 December 2016 153,251 2,807,726 89,167
DEPRECIATION
At 1 January 2016 58,265 1,013,089 18,912
Charge for year 32,173 179,116 14,051
Eliminated on disposal - (127,913 ) -
At 31 December 2016 90,438 1,064,292 32,963
NET BOOK VALUE
At 31 December 2016 62,813 1,743,434 56,204
At 31 December 2015 73,344 1,578,240 64,407

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2016 99,584 59,261 2,965,102
Additions 84,109 2,625 500,591
Disposals - - (169,970 )
At 31 December 2016 183,693 61,886 3,295,723
DEPRECIATION
At 1 January 2016 51,265 53,646 1,195,177
Charge for year 33,107 4,170 262,617
Eliminated on disposal - - (127,913 )
At 31 December 2016 84,372 57,816 1,329,881
NET BOOK VALUE
At 31 December 2016 99,321 4,070 1,965,842
At 31 December 2015 48,319 5,615 1,769,925

As at 31 December 2016, the cost of assets acquired under hire purchase was £1,152,184 (2015 £793,143) and
accumulated depreciation was £214,976 (2015 £129,253).

During the period, depreciation of £104,468 (2015 £56,132) was charged to these assets.

PLANTOOL LIMITED (REGISTERED NUMBER: 01561496)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2016

6. STOCKS
2016 2015
£    £   
Stocks 15,804 15,270
Work-in-progress 20,000 -
35,804 15,270

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Trade debtors 325,446 279,047
Prepayments 30,913 28,532
356,359 307,579

Included in trade debtors are factored debts totalling £247,595 (2015: £285,280).

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Bank loans and overdrafts (see note 10) 274,778 227,666
Hire purchase contracts 238,675 217,463
Trade creditors 350,944 293,767
Credit card - 8,061
Amounts owed to group undertakings 37,697 6,000
VAT 71,786 50,761
Directors' current accounts 41,797 33,216
1,015,677 836,934

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2016 2015
£    £   
Bank loans (see note 10) 71,874 68,463
Hire purchase contracts 240,905 192,354
Directors' loan accounts 50,000 50,000
362,779 310,817

10. LOANS

An analysis of the maturity of loans is given below:

2016 2015
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 242,888 205,867
Bank loans 31,890 21,799
274,778 227,666

PLANTOOL LIMITED (REGISTERED NUMBER: 01561496)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2016

10. LOANS - continued
2016 2015
£    £   
Amounts falling due between one and two years:
Bank loans - 1-2 years 66,681 22,214

Amounts falling due between two and five years:
Bank loans - 2-5 years 5,193 46,249

11. SECURED DEBTS

The following secured debts are included within creditors:

2016 2015
£    £   
Bank overdrafts 242,888 205,867
Bank loans 103,764 90,262
Hire purchase contracts 479,580 409,817
826,232 705,946

12. PROVISIONS FOR LIABILITIES
2016 2015
£    £   
Deferred tax 228,100 176,330

Deferred
tax
£   
Balance at 1 January 2016 176,330
Accelerated capital allowances 51,770
Tax losses carried forward
Change in tax rate
Balance at 31 December 2016 228,100

13. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2016 2015
value: £    £   
22,000 Ordinary shares £1 22,000 22,000

PLANTOOL LIMITED (REGISTERED NUMBER: 01561496)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2016

14. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 January 2016 722,831 28,000 750,831
Profit for the year 104,400 104,400
Dividends (88,000 ) (88,000 )
At 31 December 2016 739,231 28,000 767,231

15. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The
Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party
transactions with wholly owned subsidiaries within the group.

16. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is B Jones.