REGISTERED NUMBER: 11953056 (England and Wales)

PLATFFORM ENTERPRISES LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2023

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M J Cole

E R W Hilton

S Spill

REGISTERED OFFICE:

The Generator Building

Counterslip

Bristol

BS1 6BX

REGISTERED NUMBER:

11953056 (England and Wales)

AUDITORS:

Bevan Buckland LLP

Chartered Accountants

And Statutory Auditors

Ground Floor Cardigan House

Castle Court

Swansea Enterprise Park

Swansea

SA7 9LA

FIXED ASSETS

Investments

4

100,000

150,000

CURRENT ASSETS

Debtors

5

63,774

98,174

Cash at bank

28,171

49,277

91,945

147,451

CREDITORS

Amounts falling due within one year

6

52,863

43,242

NET CURRENT ASSETS

39,082

104,209

TOTAL ASSETS LESS CURRENT LIABILITIES

139,082

254,209

CREDITORS

Amounts falling due after more than one year

7

213,370

259,891

NET LIABILITIES

(74,288

)

(5,682

)

CAPITAL AND RESERVES

Called up share capital

276,304

276,304

Retained earnings

(350,592

)

(281,986

)

(74,288

)

(5,682

)

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 20 September 2023 and were signed on its behalf by:

M J Cole - Director

1.	STATUTORY INFORMATION

Platfform Enterprises 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates

The directors do not consider there to be any significant judgements and estimates in the financial statements, other than those already disclosed in detail as part of the individual accounting policies.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

An impairment review is undertaken at each period end. with potential indicators of impairment and the recoverable value of the investment considered.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitute 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.

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.

Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors and provisions

Creditors and provisions are recognised where the company has a present obligation (legal and constructive) resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

3.	EMPLOYEES AND DIRECTORS

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

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2022

150,000

Impairments

(50,000

)

At 31 March 2023

100,000

NET BOOK VALUE

At 31 March 2023

100,000

At 31 March 2022

150,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

700

-

Amounts owed by group undertakings

63,074

98,174

63,774

98,174

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Bank loans and overdrafts

2,569

2,569

Trade creditors

449

(1

)

Amounts owed to group undertakings

900

900

Other creditors

48,945

39,774

52,863

43,242

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023

2022

£

£

Bank loans

48,058

48,058

Other creditors

165,312

211,833

213,370

259,891

2023

2022

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

21,967

21,967

Other loans more 5yrs instal

34,237

49,686

56,204

71,653

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Alison Vickers (Senior Statutory Auditor)

for and on behalf of Bevan Buckland LLP

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Platfform for change.