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REGISTERED NUMBER: 04068191 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

PLANTECH INDEPENDENT LIMITED

PLANTECH INDEPENDENT LIMITED (REGISTERED NUMBER: 04068191)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PLANTECH INDEPENDENT LIMITED

COMPANY INFORMATION
for the year ended 30 September 2023







DIRECTORS: Mr D A Hewson
Mrs K E Hewson
Mrs K L Douglas
Mr C A Hewson





SECRETARY: Mrs K E Hewson





REGISTERED OFFICE: Woodwells
52 Elmham Road
Beetley
Dereham
Norfolk
NR20 4BW





REGISTERED NUMBER: 04068191 (England and Wales)





ACCOUNTANTS: Sexty & Co
Chartered Certified Accountants
124 Thorpe Road
Norwich
Norfolk
NR1 1RS

PLANTECH INDEPENDENT LIMITED (REGISTERED NUMBER: 04068191)

BALANCE SHEET
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,375 14,773

CURRENT ASSETS
Debtors 5 6,480 13,098
Cash at bank 65,792 55,088
72,272 68,186
CREDITORS
Amounts falling due within one year 6 7,145 25,976
NET CURRENT ASSETS 65,127 42,210
TOTAL ASSETS LESS CURRENT
LIABILITIES

77,502

56,983

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 77,402 56,883
SHAREHOLDERS' FUNDS 77,502 56,983

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 2 November 2023 and were signed on its behalf by:





Mr D A Hewson - Director


PLANTECH INDEPENDENT LIMITED (REGISTERED NUMBER: 04068191)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 September 2023

1. STATUTORY INFORMATION

Plantech Independent 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.

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 the income and commissions arising from the sale of third party investment products during the period within the U.K.


Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings - 20% on reducing balance
Computer equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

PLANTECH INDEPENDENT LIMITED (REGISTERED NUMBER: 04068191)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2023

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 October 2022 1,389 37,670 8,725 47,784
Additions - - 1,709 1,709
At 30 September 2023 1,389 37,670 10,434 49,493
DEPRECIATION
At 1 October 2022 1,097 25,751 6,163 33,011
Charge for year 59 2,980 1,068 4,107
At 30 September 2023 1,156 28,731 7,231 37,118
NET BOOK VALUE
At 30 September 2023 233 8,939 3,203 12,375
At 30 September 2022 292 11,919 2,562 14,773

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 October 2022 37,670
Transfer to ownership (37,670 )
At 30 September 2023 -
DEPRECIATION
At 1 October 2022 25,751
Transfer to ownership (25,751 )
At 30 September 2023 -
NET BOOK VALUE
At 30 September 2023 -
At 30 September 2022 11,919

5. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Other debtors - 4,649
Prepayments 3,680 5,749
3,680 10,398

PLANTECH INDEPENDENT LIMITED (REGISTERED NUMBER: 04068191)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2023

5. DEBTORS - continued
2023 2022
£    £   
Amounts falling due after more than one year:
Deferred tax asset 2,800 2,700

Aggregate amounts 6,480 13,098

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts - 22,025
Taxation 5,000 1,900
Accruals and deferred income 2,145 2,051
7,145 25,976