IRIS Accounts Production v23.3.0.418 08869957 director 1.2.22 31.1.23 31.1.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh088699572022-01-31088699572023-01-31088699572022-02-012023-01-31088699572021-01-31088699572021-02-012022-01-31088699572022-01-3108869957ns14:PoundSterlingns10:Original2022-02-012023-01-3108869957ns10:Originalns10:Director12022-02-012023-01-3108869957ns10:Original2022-02-012023-01-3108869957ns10:Original2023-01-3108869957ns10:Originalns10:PrivateLimitedCompanyLtd2022-02-012023-01-3108869957ns10:Originalns10:SmallEntities2022-02-012023-01-3108869957ns10:Originalns10:AuditExemptWithAccountantsReport2022-02-012023-01-3108869957ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-02-012023-01-3108869957ns10:SmallCompaniesRegimeForAccountsns10:Original2022-02-012023-01-3108869957ns10:Originalns10:FullAccounts2022-02-012023-01-3108869957ns10:Originalns10:RegisteredOffice2022-02-012023-01-3108869957ns10:Original2022-01-3108869957ns10:Originalns5:CurrentFinancialInstruments2023-01-3108869957ns10:Originalns5:CurrentFinancialInstruments2022-01-3108869957ns10:Originalns5:Non-currentFinancialInstruments2023-01-3108869957ns10:Originalns5:Non-currentFinancialInstruments2022-01-3108869957ns5:ShareCapitalns10:Original2023-01-3108869957ns5:ShareCapitalns10:Original2022-01-3108869957ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-01-3108869957ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-01-3108869957ns10:Originalns5:PlantMachinery2022-02-012023-01-3108869957ns10:Original2021-02-012022-01-3108869957ns10:Originalns5:PlantMachinery2022-01-3108869957ns10:Originalns5:PlantMachinery2023-01-3108869957ns10:Originalns5:PlantMachinery2022-01-3108869957ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-3108869957ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-01-3108869957ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-01-3108869957ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-01-3108869957ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-01-3108869957ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-01-3108869957ns10:Originalns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-01-3108869957ns10:Originalns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2022-01-3108869957ns5:AcceleratedTaxDepreciationDeferredTaxns10:Original2023-01-3108869957ns5:AcceleratedTaxDepreciationDeferredTaxns10:Original2022-01-3108869957ns10:Originalns5:DeferredTaxation2022-01-3108869957ns10:Originalns5:DeferredTaxation2022-02-012023-01-3108869957ns10:Originalns5:DeferredTaxation2023-01-3108869957ns10:Original1ns10:Director12022-01-3108869957ns10:Original1ns10:Director12021-01-3108869957ns10:Original1ns10:Director12022-02-012023-01-3108869957ns10:Original1ns10:Director12021-02-012022-01-3108869957ns10:Original1ns10:Director12023-01-3108869957ns10:Original1ns10:Director12022-01-31
REGISTERED NUMBER: 08869957















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023

FOR

PLASTER SETS LTD

PLASTER SETS LTD (REGISTERED NUMBER: 08869957)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

PLASTER SETS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTOR: M J Buck





REGISTERED OFFICE: 5 Castle Terrace
Richmond
North Yorkshire
DL10 4JP





REGISTERED NUMBER: 08869957





ACCOUNTANTS: Chris Skarparis & Co Ltd
Chartered Accountants
2nd Floor
10(b) Aldermans Hill
Palmers Green
London
N13 4PJ

PLASTER SETS LTD (REGISTERED NUMBER: 08869957)

BALANCE SHEET
31 JANUARY 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,741 6,981

CURRENT ASSETS
Debtors 5 25,939 15,288
Cash at bank 4,305 11,811
30,244 27,099
CREDITORS
Amounts falling due within one year 6 23,882 20,178
NET CURRENT ASSETS 6,362 6,921
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,103

13,902

CREDITORS
Amounts falling due after more than one
year

7

(10,970

)

(12,639

)

PROVISIONS FOR LIABILITIES 8 (826 ) (1,003 )
NET ASSETS 307 260

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 207 160
SHAREHOLDERS' FUNDS 307 260

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

PLASTER SETS LTD (REGISTERED NUMBER: 08869957)

BALANCE SHEET - continued
31 JANUARY 2023


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 director and authorised for issue on 28 September 2023 and were signed by:





M J Buck - Director


PLASTER SETS LTD (REGISTERED NUMBER: 08869957)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1. STATUTORY INFORMATION

Plaster Sets Limited is a private company,limited by shares, registered in England and Wales.The company 's registered number is 08869957 and registered office address is 5 Castle Terrace , Richmond, North Yorkshire, DL10 4JP.

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 represents net invoiced sales of services, excluding value added tax.

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

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Revenue recognition
Amounts due under contracts-not yet invoiced (work in progress) are valued at the recoverable standard value of time charged by all personnel engaged in the provision of services. Revenue is recognised as the contracts progress to reflect the partial performance of the contractual obligation. The amount of revenue recognised reflects the accrual of the right for consideration as contract activity progresses by reference to the value of work performed.

Going concern
As with most businesses the Company has been affected by the ongoing impact of Covid-19, the exit from the European Union and the high level of inflation in the UK economy. These have had an impact on the operations, customers, suppliers and staff. The Company is taking all the steps it can to protect the future of the business. Although the total impact is still uncertain the director believes that it is appropriate to prepare the accounts on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

PLASTER SETS LTD (REGISTERED NUMBER: 08869957)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2022 18,310
Additions 239
At 31 January 2023 18,549
DEPRECIATION
At 1 February 2022 11,329
Charge for year 1,479
At 31 January 2023 12,808
NET BOOK VALUE
At 31 January 2023 5,741
At 31 January 2022 6,981

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors 2,832 -
Amounts recoverable on contract 13,590 7,838
Rent deposit 200 200
Directors' current accounts 9,317 7,250
25,939 15,288

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans and overdrafts 1,667 1,667
Trade creditors (1 ) 1
Tax 18,286 14,829
VAT 3,930 3,681
23,882 20,178

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.23 31.1.22
£    £   
Bank loans - 1-2 years 1,667 1,667
Bank loans - 2-5 years 5,000 5,000
Bank loans more 5 yr by instal 4,303 5,972
10,970 12,639

PLASTER SETS LTD (REGISTERED NUMBER: 08869957)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.1.23 31.1.22
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 4,303 5,972

8. PROVISIONS FOR LIABILITIES
31.1.23 31.1.22
£    £   
Deferred tax
Accelerated capital allowances 826 1,003

Deferred
tax
£   
Balance at 1 February 2022 1,003
Provided during year (177 )
Balance at 31 January 2023 826

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2023 and 31 January 2022:

31.1.23 31.1.22
£    £   
M J Buck
Balance outstanding at start of year 7,250 9,407
Amounts advanced 2,067 -
Amounts repaid - (2,157 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,317 7,250

Interest on the director's loan account of £9,317 was charged at the official HM Revenue & Customs rates.

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £44,880 (2022 - £65,400) were paid to the director .

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
PLASTER SETS LTD

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Plaster Sets Ltd for the year ended 31 January 2023 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Plaster Sets Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Plaster Sets Ltd and state those matters that we have agreed to state to the director of Plaster Sets Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Plaster Sets Ltd and its director for our work or for this report.

It is your duty to ensure that Plaster Sets Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Plaster Sets Ltd. You consider that Plaster Sets Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Plaster Sets Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Chris Skarparis & Co Ltd
Chartered Accountants
2nd Floor
10(b) Aldermans Hill
Palmers Green
London
N13 4PJ


28 September 2023