Planswift UK Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 07840425 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2023

for

Planswift UK Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

P Clayton

Mrs E P Clayton

REGISTERED OFFICE:

Cloth Hall

150 Drake Street

Rochdale

Lancashire

OL16 1PX

REGISTERED NUMBER:

07840425 (England and Wales)

ACCOUNTANTS:

PKW LLP Chartered Accountants

Cloth Hall

150 Drake Street

Rochdale

Lancashire

OL16 1PX

FIXED ASSETS

Intangible assets

4

550

1,100

Tangible assets

5

-

550

1,100

CURRENT ASSETS

Debtors

6

7,800

15,536

Cash at bank

47,269

62,816

55,069

78,352

CREDITORS

Amounts falling due within one year

7

6,996

29,211

NET CURRENT ASSETS

48,073

49,141

TOTAL ASSETS LESS CURRENT
LIABILITIES

48,623

50,241

CAPITAL AND RESERVES

Called up share capital

8

100

Retained earnings

48,523

50,141

SHAREHOLDERS' FUNDS

48,623

50,241

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 14 May 2024 and were signed on its behalf by:

P Clayton - Director

1.	STATUTORY INFORMATION

Planswift UK Ltd 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.

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.

Patents and licences are being amortised evenly over their estimated useful life of five years.

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

-

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 December 2022

and 30 November 2023

2,750

AMORTISATION

At 1 December 2022

1,650

Charge for year

550

At 30 November 2023

2,200

NET BOOK VALUE

At 30 November 2023

550

At 30 November 2022

1,100

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 December 2022

and 30 November 2023

1,394

DEPRECIATION

At 1 December 2022

and 30 November 2023

1,394

NET BOOK VALUE

At 30 November 2023

-

At 30 November 2022

-

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

Trade debtors

7,800

15,536

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

Trade creditors

75

(64

)

Tax

1,588

17,703

VAT

2,077

7,622

Directors' current accounts

26

720

Accrued expenses

3,230

6,996

29,211

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2023

2022

value:

£

100

Ordinary

£1

100

9.	ULTIMATE CONTROLLING PARTY

The controlling party is P Clayton.

Planswift UK Ltd - Accounts to registrar (filleted) - small 22.3

Planswift UK Ltd - Accounts to registrar (filleted) - small 22.3