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Company Registration No. 11725320 (England and Wales)
Planbox Imaginatik Limited Unaudited accounts for the year ended 31 December 2021
Planbox Imaginatik Limited Unaudited accounts Contents
Page
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Planbox Imaginatik Limited Company Information for the year ended 31 December 2021
Director
Rudolf Melik
Company Number
11725320 (England and Wales)
Registered Office
22 Great James Street London WC1N 3ES United Kingdom
Accountants
Accounts Lab Ltd 107 Kirkgate Leeds West Yorkshire LS1 6DP
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Planbox Imaginatik Limited Statement of financial position as at 31 December 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Intangible assets
854,903 
1,227,771 
Tangible assets
862 
10,852 
855,765 
1,238,623 
Current assets
Debtors
897,273 
1,189,748 
Cash at bank and in hand
300,515 
92,789 
1,197,788 
1,282,537 
Creditors: amounts falling due within one year
(1,561,029)
(1,932,559)
Net current liabilities
(363,241)
(650,022)
Total assets less current liabilities
492,524 
588,601 
Provisions for liabilities
Deferred tax
- 
(2,062)
Net assets
492,524 
586,539 
Capital and reserves
Called up share capital
1,000 
1 
Profit and loss account
491,524 
586,538 
Shareholders' funds
492,524 
586,539 
For the year ending 31 December 2021 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 30 August 2022 and were signed on its behalf by
Rudolf Melik Director Company Registration No. 11725320
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Planbox Imaginatik Limited Notes to the Accounts for the year ended 31 December 2021
1
Statutory information
Planbox Imaginatik Limited is a private company, limited by shares, registered in England and Wales, registration number 11725320. The registered office is 22 Great James Street, London, WC1N 3ES, United Kingdom .
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33.33% straight line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortization. Goodwill: Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. Goodwill is amortized over its expected life, which is 5 years. Other intangible fixed assets: Other intangible fixed assets consist of software development. Software development is amortized over its expected useful life of 5 years.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Government grants
Government grants in relation to tangible fixed assets are credited to 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 profit and loss.
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Planbox Imaginatik Limited Notes to the Accounts for the year ended 31 December 2021
Turnover
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.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Intangible fixed assets
Goodwill 
Other 
Total 
£ 
£ 
£ 
Cost
At 1 January 2021
191,258 
1,768,708 
1,959,966 
At 31 December 2021
191,258 
1,768,708 
1,959,966 
Amortisation
At 1 January 2021
54,190 
678,005 
732,195 
Charge for the year
19,126 
353,742 
372,868 
At 31 December 2021
73,316 
1,031,747 
1,105,063 
Net book value
At 31 December 2021
117,942 
736,961 
854,903 
At 31 December 2020
137,068 
1,090,703 
1,227,771 
5
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 January 2021
30,000 
At 31 December 2021
30,000 
Depreciation
At 1 January 2021
19,148 
Charge for the year
9,990 
At 31 December 2021
29,138 
Net book value
At 31 December 2021
862 
At 31 December 2020
10,852 
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Planbox Imaginatik Limited Notes to the Accounts for the year ended 31 December 2021
6
Debtors: amounts falling due within one year
2021 
2020 
£ 
£ 
Trade debtors
17,650 
277,358 
Amounts due from group undertakings etc.
842,563 
885,247 
Accrued income and prepayments
2,949 
77 
Other debtors
34,111 
27,066 
897,273 
1,189,748 
7
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
Trade creditors
15,319 
6,063 
Amounts owed to group undertakings and other participating interests
1,315,263 
1,698,132 
Taxes and social security
17,391 
12,883 
Other creditors
8,113 
6,202 
Accruals
2,890 
7,475 
Deferred income
202,053 
201,804 
1,561,029 
1,932,559 
8
Share capital
2021 
2020 
£ 
£ 
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000 
1 
Shares issued during the period:
999 Ordinary shares of £1 each
999 
9
Transactions with related parties
Planbox Inc. (Canada): The company is related by virtue of common control. At the balance sheet date the amount due to PLanbox Inc. (Canada) was £162,601 (2020: £545,469) Planbox, Inc (USA): The company is related by virtue of common control. At the balance sheet date the amount due from Planbox Inc (USA) was £842,583 (2020: £885,247). Planbox International Inc.: The company is a wholly owned subsidiary of Planbox International Inc. At the balance sheet date the amount due to Planbox Internal Inc was £1,152,663 (2020: £1,152,663).
10
Controlling party
The company's parent company is Planbox International Inc., a company incorporated in Canada. For the year ended 31 December 2021 Planbox International Inc. was controlled by Planbox Inc., incorporated in Canada.
11
Average number of employees
During the year the average number of employees was 8 (2020: 9).
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