Solutions For The Planet Limited Accounts
Solutions For The Planet Limited Accounts
Solutions For The Planet Limited Accounts Cover |
Company No. 04375187 | |||||||||
Solutions For The Planet Limited Contents |
Pages | |||||||||
Company Information | 2 | ||||||||
Directors' Report | 3 to 4 | ||||||||
Accountant's Report | 5 | ||||||||
Income and Expenditure Account | 6 | ||||||||
Balance Sheet | 7 | ||||||||
Statement of Changes in Equity | 8 | ||||||||
Notes to the Accounts | 9 to 14 | ||||||||
Solutions For The Planet Limited Company Information |
Directors | |||||||||
Registered Office | |||||||||
Accountants | |||||||||
The Park | |||||||||
Daventry Road | |||||||||
Knowle | |||||||||
Bristol | |||||||||
BS4 1DQ |
Solutions For The Planet Limited Directors Report |
The Directors present their report and the accounts for the year ended 31 July 2020. | |||||||||
Principal activities | |||||||||
45 student teams, 30 teachers, 25 mentors from our partners and another 20 from the community, 27 judges and 130 spectacular young people came together to make the 2020 Pivot of the Big Ideas Programme the success that it was! 96% of teachers said the Big Ideas Day encouraged them to be more creative in the way they tackled key issues like sustainability in the classroom 98% of young people said they will take a serious interest and learn more about sustainability and environment issues in the future 98% of young people said felt more confident working in a team 90% of mentors said the Big Ideas Programme builds their organisations reputation on sustainability amongst the local community 132 business employees volunteered over 3000 hours to mentor our Big Ideas teams.804 students received the new Discovery CREST Award (2020) 39 student teams competed in one of 7 Virtual Regional Finals, with 645 pieces of work submitted in their student portfolios 102 students received a Bronze CREST Award following the Virtual Regional Finals Due to the Coronavirus pandemic, we postponed the Big Ideas Competition National Final until November 2020. Our CEO, Jen Baughan, was shortlisted in the Great British Entrepreneur of the Year Awards 2020 as Entrepreneur For Good. One of our Big Ideas Competition 2019 Finalist teams, Energy Gym, presented at IGEM's Lion's Lair. | |||||||||
Directors | |||||||||
The Directors who served at any time during the year were as follows: | |||||||||
(Resigned 9 March 2020) | |||||||||
Signed on behalf of the board | |||||||||
J.S. Baughan | |||||||||
Director | |||||||||
31 March 2021 |
Solutions For The Planet Limited Accountants Report |
Accountant's Report to the Board of Directors of Solutions For The Planet Limited on the preparation of the unaudited statutory accounts for the year ended 31 July 2020 | |||||||||
In order to assist you to fulfil your duties under the Companies Act 2006 and in accordance with your instructions, we have prepared for your approval the financial statements of Solutions For The Planet Limited for the year ended 31 July 2020 set out on pages 6 to 14 from the company's accounting records and from information and explanations you have given us. | |||||||||
You consider that the company is exempt from an audit for the year ended 31 July 2020. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing financial statements that give a true and fair view of the state of affairs of the company at the end of the financial year and of its loss for the year. | |||||||||
Accountants | |||||||||
The Park | |||||||||
Daventry Road | |||||||||
Knowle | |||||||||
Bristol | |||||||||
BS4 1DQ | |||||||||
Solutions For The Planet Limited Income and Expenditure Account |
for the year ended 31 July 2020 | ||||||||||
Notes | 2020 | 2019 | ||||||||
£ | £ | |||||||||
Turnover | ||||||||||
Cost of Sales | ( | ( | ||||||||
Gross profit | ||||||||||
Distribution costs and selling expenses | ( | |||||||||
Administrative expenses | ( | ( | ||||||||
Other operating income | ||||||||||
Operating (deficit)/surplus | ( | |||||||||
Interest payable and similar charges | ( | |||||||||
(Deficit)/Surplus on ordinary activities before taxation | 3 | ( | ||||||||
Taxation | ( | |||||||||
(Deficit)/Surplus for the financial year after taxation | ( | |||||||||
Solutions For The Planet Limited Balance Sheet |
at | ||||||||||
Company No. | Notes | 2020 | 2019 | |||||||
£ | £ | |||||||||
Fixed assets | ||||||||||
Tangible assets | 4 | |||||||||
Current assets | ||||||||||
Debtors | 5 | |||||||||
Cash at bank and in hand | ||||||||||
Creditors: Amount falling due within one year | 6 | ( | ( | |||||||
Net current assets | ||||||||||
Total assets less current liabilities | ||||||||||
Net assets | ||||||||||
Reserves | ||||||||||
Income and expenditure account | ||||||||||
Total equity | ||||||||||
Approved by the board on 31 March 2021 | ||||||||||
And signed on its behalf by: | ||||||||||
J.S. Baughan | ||||||||||
Director | ||||||||||
31 March 2021 |
Solutions For The Planet Limited Statement of Changes in Equity |
for the year ended 31 July 2020 | ||||||||||
Income and Expenditure Account | Total equity | |||||||||
£ | £ | |||||||||
At 1 August 2018 | 11,960 | 11,960 | ||||||||
Surplus for the year | ||||||||||
At 31 July 2019 and 1 August 2019 | ||||||||||
Deficit for the year | ( | ( | ||||||||
At 31 July 2020 | ||||||||||
Solutions For The Planet Limited Notes to the Accounts |
for the year ended 31 July 2020 | ||||||||||||||||
1 | General information | |||||||||||||||
Its registered number is: 04375187 | ||||||||||||||||
Its registered office is: | ||||||||||||||||
Going concern | ||||||||||||||||
The directors have not identified any material uncertainties related to events or conditions that may cast doubt about the company's ability to continue as a going concern. | ||||||||||||||||
2 | Accounting policies | |||||||||||||||
Turnover | ||||||||||||||||
Revenue from the sale of goods is recognised when all the following conditions are satisfied: • the Company has transferred to the buyer the significant risks and rewards of ownership of the goods; • the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; • the amount of revenue can be measured reliably; • it is probable that the economic benefits associated with the transaction will flow to the Company; and • the costs incurred or to be incurred in respect of the transaction can be measured reliably. Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed. | ||||||||||||||||
Tangible fixed assets and depreciation | ||||||||||||||||
At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss. | ||||||||||||||||
Furniture, fittings and equipment | ||||||||||||||||
Taxation | ||||||||||||||||
Income tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable profit for the year. Taxable profit differs from the surplus as reported in the income and expenditure account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Current or deferred tax for the year is recognised in the income and expenditure account, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively. | ||||||||||||||||
Trade and other debtors | ||||||||||||||||
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts. | ||||||||||||||||
Trade and other creditors | ||||||||||||||||
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. | ||||||||||||||||
Defined contribution pensions | ||||||||||||||||
The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds. | ||||||||||||||||
3 | Employees | |||||||||||||||
2020 | 2019 | |||||||||||||||
Number | Number | |||||||||||||||
The average monthly number of employees (including directors) during the year was: | ||||||||||||||||
4 | Tangible fixed assets | |||||||||||||||
Fixtures, fittings and equipment | Total | |||||||||||||||
£ | £ | |||||||||||||||
Cost or revaluation | ||||||||||||||||
At 1 August 2019 | ||||||||||||||||
Additions | ||||||||||||||||
At 31 July 2020 | ||||||||||||||||
Depreciation | ||||||||||||||||
At 1 August 2019 | ||||||||||||||||
Charge for the year | ||||||||||||||||
At 31 July 2020 | ||||||||||||||||
Net book values | ||||||||||||||||
At 31 July 2020 | ||||||||||||||||
At 31 July 2019 | ||||||||||||||||
5 | Debtors | |||||||||||||||
2020 | 2019 | |||||||||||||||
£ | £ | |||||||||||||||
Trade debtors | ||||||||||||||||
6 | Creditors: | |||||||||||||||
amounts falling due within one year | ||||||||||||||||
2020 | 2019 | |||||||||||||||
£ | £ | |||||||||||||||
Trade creditors | ||||||||||||||||
Corporation tax | ||||||||||||||||
Other taxes and social security | ( | |||||||||||||||
Other creditors | ||||||||||||||||
Accruals and deferred income | ||||||||||||||||
7 | Reserves | |||||||||||||||