Company registration number 03386865 (England and Wales)
INTERPLAN ELECTRICS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023
PAGES FOR FILING WITH REGISTRAR
INTERPLAN ELECTRICS LIMITED
COMPANY INFORMATION
Director
Mr P Mutch
Secretary
Company number
03386865
Registered office
3 Austin Way
Ambrosden
Bicester
England
OX25 2DA
Accountants
Koshal Associates (Chartered Accountants)
Gautam House
1-3 Shenley Avenue
Ruislip Manor
Middlesex
United Kingdom
HA4 6BP
INTERPLAN ELECTRICS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
INTERPLAN ELECTRICS LIMITED
BALANCE SHEET
AS AT
31 JANUARY 2023
31 January 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
58,636
74,381
Current assets
Debtors
4
69,897
87,559
Creditors: amounts falling due within one year
5
(133,582)
(154,414)
Net current liabilities
(63,685)
(66,855)
Net (liabilities)/assets
(5,049)
7,526
Capital and reserves
Called up share capital
60,004
60,004
Profit and loss reserves
(65,053)
(52,478)
Total equity
(5,049)
7,526
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
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.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 18 October 2023
Mr P Mutch
Director
Company registration number 03386865 (England and Wales)
INTERPLAN ELECTRICS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023
- 2 -
1
Accounting policies
Company information
Interplan Electrics Limited is a private company limited by shares incorporated in England and Wales. The registered office is 3 Austin Way, Ambrosden, Bicester, England, OX25 2DA.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Plant and equipment
-25% on reducing balance
Fixtures and fittings
-25% on reducing balance
1.4
Taxation
The tax expense represents the sum of the tax currently payable.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
1.5
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.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
2
2
INTERPLAN ELECTRICS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2023
- 3 -
3
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Total
£
£
£
Cost
At 1 February 2022
109,443
47,189
156,632
Additions
2,176
1,623
3,799
At 31 January 2023
111,619
48,812
160,431
Depreciation and impairment
At 1 February 2022
37,329
44,921
82,250
Depreciation charged in the year
18,383
1,162
19,545
At 31 January 2023
55,712
46,083
101,795
Carrying amount
At 31 January 2023
55,907
2,729
58,636
At 31 January 2022
72,113
2,268
74,381
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
19,897
37,559
Other debtors
50,000
50,000
69,897
87,559
5
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
70,610
76,896
Trade creditors
18,171
29,141
Corporation tax
13,982
1,200
Other taxation and social security
(1,107)
474
Other creditors
31,926
46,703
133,582
154,414