Plans Ink Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09342089 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 SEPTEMBER 2020 TO 31 OCTOBER 2021

FOR

PLANS INK LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C Park

Mrs C Park

REGISTERED OFFICE:

Suite 21 10 Churchill Square

Kings Hill

West Malling

Kent

ME19 4YU

REGISTERED NUMBER:

09342089 (England and Wales)

ACCOUNTANTS:

The Accountancy Practice Ltd

10 Churchill Square

Kings Hill

West Malling

Kent

ME19 5YU

FIXED ASSETS

Tangible assets

4

-

2,051

CURRENT ASSETS

Debtors

5

-

3,600

Cash at bank and in hand

565,343

496,999

565,343

500,599

CREDITORS

Amounts falling due within one year

6

273,058

212,936

NET CURRENT ASSETS

292,285

287,663

TOTAL ASSETS LESS CURRENT LIABILITIES

292,285

289,714

CAPITAL AND RESERVES

Called up share capital

102

102

Retained earnings

7

292,183

289,612

SHAREHOLDERS' FUNDS

292,285

289,714

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 October 2021.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 October 2021 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.

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 Board of Directors and authorised for issue on 29 April 2022 and were signed on its behalf by:

C Park - Director

Mrs C Park - Director

1.	STATUTORY INFORMATION

Plans Ink 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.

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 etc

-

25% on reducing balance

Taxation

Taxation for the period 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 period 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2020 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 September 2020

7,412

Additions

790

Disposals

(8,202

)

At 31 October 2021

-

DEPRECIATION

At 1 September 2020

5,361

Charge for period

264

Eliminated on disposal

(5,625

)

At 31 October 2021

-

NET BOOK VALUE

At 31 October 2021

-

At 31 August 2020

2,051

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.21

31.8.20

£

£

Trade debtors

-

3,600

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.21

31.8.20

£

£

Taxation and social security

24,228

27,071

Other creditors

248,830

185,865

273,058

212,936

7.

RESERVES

Retained

earnings

£

At 1 September 2020

289,612

Profit for the period

80,071

Dividends

(77,500

)

At 31 October 2021

292,183