9 false false false false false false false false false true false false false false false true No description of principal activity 2021-07-01 Sage Accounts Production Advanced 2020 - FRS102_2019 1,000 1,000 200 200 800 xbrli:pure xbrli:shares iso4217:GBP 12656875 2021-07-01 2022-06-30 12656875 2022-06-30 12656875 2020-06-09 2021-06-30 12656875 2021-06-30 12656875 bus:Director1 2021-07-01 2022-06-30 12656875 core:WithinOneYear 2022-06-30 12656875 core:WithinOneYear 2021-06-30 12656875 core:ShareCapital 2022-06-30 12656875 core:ShareCapital 2021-06-30 12656875 core:RetainedEarningsAccumulatedLosses 2022-06-30 12656875 core:RetainedEarningsAccumulatedLosses 2021-06-30 12656875 bus:SmallEntities 2021-07-01 2022-06-30 12656875 bus:AuditExemptWithAccountantsReport 2021-07-01 2022-06-30 12656875 bus:FullAccounts 2021-07-01 2022-06-30 12656875 bus:SmallCompaniesRegimeForAccounts 2021-07-01 2022-06-30 12656875 bus:PrivateLimitedCompanyLtd 2021-07-01 2022-06-30 12656875 core:ComputerEquipment 2021-07-01 2022-06-30 12656875 core:ComputerEquipment 2022-06-30
COMPANY REGISTRATION NUMBER: 12656875
PLAN-IT PAYROLL GROUP LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
30 June 2022
PLAN-IT PAYROLL GROUP LIMITED
STATEMENT OF FINANCIAL POSITION
30 June 2022
2022
2021
Note
£
£
£
£
FIXED ASSETS
Tangible assets
5
800
CURRENT ASSETS
Debtors
6
2,589
629
Cash at bank and in hand
32,407
30,499
--------
--------
34,996
31,128
CREDITORS: amounts falling due within one year
7
( 30,182)
( 33,066)
--------
--------
NET CURRENT ASSETS/(LIABILITIES)
4,814
( 1,938)
-------
-------
TOTAL ASSETS LESS CURRENT LIABILITIES
5,614
( 1,938)
-------
-------
CAPITAL AND RESERVES
Called up share capital
300
300
Profit and loss account
5,314
( 2,238)
-------
-------
SHAREHOLDERS FUNDS/(DEFICIT)
5,614
( 1,938)
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 June 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
PLAN-IT PAYROLL GROUP LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
30 June 2022
These financial statements were approved by the board of directors and authorised for issue on 2 September 2022 , and are signed on behalf of the board by:
A Wine
Director
Company registration number: 12656875
PLAN-IT PAYROLL GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 JUNE 2022
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 20 - 22 Bridge End, Leeds, LS1 4DJ, United Kingdom.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. The financial statements have also been prepared on the going concern basis. The directors consider the going concern basis to be appropriate as they have confirmed their ongoing support.
Revenue recognition
Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax.
Income tax
Deferred Taxation is provided using the liability method on all timing differences that have originated but not reversed at the balance sheet date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently state at cost less any accumulated depreciation.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
5 years
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 9 (2021: 5 ).
5. TANGIBLE ASSETS
Equipment
£
Cost
At 1 July 2021
Additions
1,000
-------
At 30 June 2022
1,000
-------
Depreciation
At 1 July 2021
Charge for the year
200
-------
At 30 June 2022
200
-------
Carrying amount
At 30 June 2022
800
-------
At 30 June 2021
-------
6. DEBTORS
2022
2021
£
£
Other debtors
2,589
629
-------
----
7. CREDITORS: amounts falling due within one year
2022
2021
£
£
Corporation tax
1,292
Social security and other taxes
22,471
28,597
Other creditors
6,419
4,469
--------
--------
30,182
33,066
--------
--------