Plusimage Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 02963751 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2023

for

Plusimage Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P M Belcher

M J Duffell

SECRETARY:

M J Duffell

REGISTERED OFFICE:

21 Marsh Green Road

Marsh Barton

Exeter

Devon

EX2 8NY

REGISTERED NUMBER:

02963751 (England and Wales)

ACCOUNTANTS:

Malcolm Jones & Co LLP

Accountants and Business Advisors

West Hill House

Allerton Hill

Chapel Allerton

Leeds

West Yorkshire

LS7 3QB

FIXED ASSETS

Tangible assets

4

48

76

CURRENT ASSETS

Stocks

47,552

51,785

Debtors

5

286,930

260,821

Cash at bank

72,297

102,336

406,779

414,942

CREDITORS

Amounts falling due within one year

6

170,806

157,353

NET CURRENT ASSETS

235,973

257,589

TOTAL ASSETS LESS CURRENT LIABILITIES

236,021

257,665

CREDITORS

Amounts falling due after more than one year

7

495,325

487,125

NET LIABILITIES

(259,304

)

(229,460

)

CAPITAL AND RESERVES

Called up share capital

6

6

Retained earnings

(259,310

)

(229,466

)

SHAREHOLDERS' FUNDS

(259,304

)

(229,460

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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 16 October 2023 and were signed on its behalf by:

P M Belcher - Director

1.	STATUTORY INFORMATION

Plusimage 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.

The financial statements have been prepared on the going concern basis. This assumes the continued support of the directors, members of their families and related party undertakings. This support has been maintained since the year end.

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

-

15% 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.

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.

Deferred taxation

Provision is made at current rates for deferred taxation in respect of all material timing differences on a full basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2022 - 33 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 March 2022

and 28 February 2023

227,453

DEPRECIATION

At 1 March 2022

227,377

Charge for year

28

At 28 February 2023

227,405

NET BOOK VALUE

At 28 February 2023

48

At 28 February 2022

76

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.23

28.2.22

£

£

Trade debtors

280,143

257,718

Other debtors

6,787

3,103

286,930

260,821

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.23

28.2.22

£

£

Trade creditors

22,836

2,712

Taxation and social security

52,963

58,064

Other creditors

95,007

96,577

170,806

157,353

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.23

28.2.22

£

£

Other creditors

495,325

487,125

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Other loans due over 5 years

495,325

487,125