Company Registration No. NI617613 (Northern Ireland)
PLAN ENERGY CONSULTING LTD
Unaudited accounts
for the year ended 31 March 2023
PLAN ENERGY CONSULTING LTD
Unaudited accounts
Contents
PLAN ENERGY CONSULTING LTD
Company Information
for the year ended 31 March 2023
Company Number
NI617613 (Northern Ireland)
Registered Office
55-59 ADELAIDE STREET
BELFAST
ANTRIM
BT2 8FE
Accountants
BMC Accountants Ltd
Commercial House
15 Merchants Quay
Newry
Down
BT35 6AH
PLAN ENERGY CONSULTING LTD
Statement of financial position
as at 31 March 2023
Cash at bank and in hand
82,883
10,828
Creditors: amounts falling due within one year
(118,993)
(60,608)
Net current liabilities
(21,080)
(48,310)
Net liabilities
(21,080)
(48,310)
Called up share capital
200
200
Profit and loss account
(21,280)
(48,510)
Shareholders' funds
(21,080)
(48,310)
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 21 December 2023 and were signed on its behalf by
Mr Gavin Forkan
Director
Company Registration No. NI617613
PLAN ENERGY CONSULTING LTD
Notes to the Accounts
for the year ended 31 March 2023
PLAN ENERGY CONSULTING LTD is a private company, limited by shares, registered in Northern Ireland, registration number NI617613. The registered office is 55-59 ADELAIDE STREET, BELFAST, ANTRIM, BT2 8FE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
PLAN ENERGY CONSULTING LTD
Notes to the Accounts
for the year ended 31 March 2023
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss.
All other such investments are subsequently measured at cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Amounts falling due within one year
Trade debtors
15,030
1,470
5
Creditors: amounts falling due within one year
2023
2022
Amounts owed to group undertakings and other participating interests
-
6,465
Taxes and social security
6,396
2,401
Loans from directors
7,674
48,390
6
Average number of employees
During the year the average number of employees was 0 (2022: 0).
