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REGISTERED NUMBER: 11394741 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2022

FOR

PLATE-UP LIMITED

PLATE-UP LIMITED (REGISTERED NUMBER: 11394741)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PLATE-UP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2022







DIRECTORS: J E Martin
C B Boyle





REGISTERED OFFICE: Medina House
2 Station Avenue
Bridlington
East Yorkshire
YO16 4LZ





REGISTERED NUMBER: 11394741 (England and Wales)





ACCOUNTANTS: Lloyd Dowson Limited
Medina House
2 Station Avenue
Bridlington
East Yorkshire
YO16 4LZ

PLATE-UP LIMITED (REGISTERED NUMBER: 11394741)

BALANCE SHEET
30 JUNE 2022

30.6.22 30.6.21
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 168,234 130,566
Tangible assets 5 1,313 938
169,547 131,504

CURRENT ASSETS
Debtors 6 4,090 1,406
Cash at bank 355,221 54,981
359,311 56,387
CREDITORS
Amounts falling due within one year 7 29,798 26,911
NET CURRENT ASSETS 329,513 29,476
TOTAL ASSETS LESS CURRENT
LIABILITIES

499,060

160,980

CAPITAL AND RESERVES
Called up share capital 8 3 2
Share premium 9 687,499 206,000
Retained earnings 9 (188,442 ) (45,022 )
SHAREHOLDERS' FUNDS 499,060 160,980

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2022 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.

PLATE-UP LIMITED (REGISTERED NUMBER: 11394741)

BALANCE SHEET - continued
30 JUNE 2022


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 August 2022 and were signed on its behalf by:




J E Martin - Director



C B Boyle - Director


PLATE-UP LIMITED (REGISTERED NUMBER: 11394741)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022

1. STATUTORY INFORMATION

Plate-up 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.

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.

Development costs will be amortised evenly over their estimated useful life of five years once the development work is complete.

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 - 20% on reducing balance

Government grants
Grants in relation to tangible fixed assets are credited to the profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to the profit and loss account.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

PLATE-UP LIMITED (REGISTERED NUMBER: 11394741)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2022

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2021 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Development
costs
£   
COST
At 1 July 2021 130,566
Additions 37,668
At 30 June 2022 168,234
NET BOOK VALUE
At 30 June 2022 168,234
At 30 June 2021 130,566

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2021 1,465
Additions 703
At 30 June 2022 2,168
DEPRECIATION
At 1 July 2021 527
Charge for year 328
At 30 June 2022 855
NET BOOK VALUE
At 30 June 2022 1,313
At 30 June 2021 938

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.22 30.6.21
£    £   
Other debtors 4,090 1,406

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.22 30.6.21
£    £   
Taxation and social security 1,701 332
Other creditors 28,097 26,579
29,798 26,911

PLATE-UP LIMITED (REGISTERED NUMBER: 11394741)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2022

8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 30.6.22 30.6.21
value: £    £   
1,297,682 Ordinary £0.000002 3 2

158,531 Ordinary shares of £0.000002 each were allotted as fully paid at a premium of 3.04 per share during the year.

9. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 July 2021 (45,022 ) 206,000 160,978
Deficit for the year (143,420 ) - (143,420 )
Cash share issue - 481,499 481,499
At 30 June 2022 (188,442 ) 687,499 499,057