Planright Projects Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07073228 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 NOVEMBER 2020

FOR

PLANRIGHT PROJECTS LIMITED

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

Director:

A Lake

Secretary:

Athos Business Solutions Limited

Registered office:

1623 Warwick Road

Knowle

Solihull

West Midlands

B93 9LF

Registered number:

07073228 (England and Wales)

Accountants:

Athos Business Solutions Limited

1623 Warwick Road

Knowle

Solihull

West Midlands

B93 9LF

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

-

160

-

160

CURRENT ASSETS

Debtors

6

19,476

12,850

Cash at bank

39,912

39,794

59,388

52,644

CREDITORS

Amounts falling due within one year

7

23,419

19,669

NET CURRENT ASSETS

35,969

32,975

TOTAL ASSETS LESS CURRENT LIABILITIES

35,969

33,135

PROVISIONS FOR LIABILITIES

-

30

NET ASSETS

35,969

33,105

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

35,869

33,005

35,969

33,105

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 applicable to companies subject to the small companies regime.

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 and authorised for issue on 23 August 2021 and were signed by:

A Lake - Director

1.	STATUTORY INFORMATION

Planright Projects 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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 2009, is being amortised evenly over its estimated useful life of five 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.

Computer equipment

-

33% on cost

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 2 (2019 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

Cost

At 1 December 2019

and 30 November 2020

5,000

Amortisation

At 1 December 2019

and 30 November 2020

5,000

Net book value

At 30 November 2020

-

At 30 November 2019

-

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

Cost

At 1 December 2019

and 30 November 2020

908

Depreciation

At 1 December 2019

748

Charge for year

160

At 30 November 2020

908

Net book value

At 30 November 2020

-

At 30 November 2019

160

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

19,350

12,788

Other debtors

126

62

19,476

12,850

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Taxation and social security

20,509

18,248

Other creditors

2,910

1,421

23,419

19,669