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REGISTERED NUMBER: 06838043















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Plane Decorators Limited

Plane Decorators Limited (Registered number: 06838043)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Plane Decorators Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: B Burke





REGISTERED OFFICE: 24A Grace Road
Downend
Bristol
Avon
BS16 5DX





REGISTERED NUMBER: 06838043





ACCOUNTANTS: Norton Accountancy Ltd
7 Soundwell Road
Staple Hill
Bristol
BS16 4QG

Plane Decorators Limited (Registered number: 06838043)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 17,238 21,609
17,238 21,609

CURRENT ASSETS
Stocks 24,646 38,706
Debtors 6 58,001 96,520
Cash at bank 25,127 -
107,774 135,226
CREDITORS
Amounts falling due within one year 7 45,879 43,848
NET CURRENT ASSETS 61,895 91,378
TOTAL ASSETS LESS CURRENT
LIABILITIES

79,133

112,987

CREDITORS
Amounts falling due after more than one
year

8

42,833

58,512
NET ASSETS 36,300 54,475

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 9 36,200 54,375
36,300 54,475

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Plane Decorators Limited (Registered number: 06838043)

Balance Sheet - continued
31 March 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 16 November 2023 and were signed by:





B Burke - Director


Plane Decorators Limited (Registered number: 06838043)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Plane Decorators Limited is a private company, limited by shares , registered in Not specified/Other. 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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.
Plant and machinery etc - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Plane Decorators Limited (Registered number: 06838043)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 75,000
AMORTISATION
At 1 April 2022
and 31 March 2023 75,000
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

Plane Decorators Limited (Registered number: 06838043)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022 11,551 44,360 1,613 57,524
Additions - - 1,374 1,374
At 31 March 2023 11,551 44,360 2,987 58,898
DEPRECIATION
At 1 April 2022 10,890 24,542 483 35,915
Charge for year 165 4,954 626 5,745
At 31 March 2023 11,055 29,496 1,109 41,660
NET BOOK VALUE
At 31 March 2023 496 14,864 1,878 17,238
At 31 March 2022 661 19,818 1,130 21,609

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2022
and 31 March 2023 28,573
DEPRECIATION
At 1 April 2022 12,836
Charge for year 3,934
At 31 March 2023 16,770
NET BOOK VALUE
At 31 March 2023 11,803
At 31 March 2022 15,737

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 6,428 63,071
CIS Debtor 46,638 28,134
VAT 4,935 5,156
Prepayments - 159
58,001 96,520

Plane Decorators Limited (Registered number: 06838043)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts - 5,055
Hire purchase contracts 4,944 4,944
Trade creditors 15,513 15,229
Tax 23,484 17,120
Social security and other taxes 260 -
Other creditors 178 -
Accruals and deferred income 1,500 1,500
45,879 43,848

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bounce back loan 32,482 42,500
Hire purchase contracts 10,237 15,181
Directors' loan accounts 114 831
42,833 58,512

9. RESERVES
Retained
earnings
£   

At 1 April 2022 54,375
Profit for the year 47,625
Dividends (65,800 )
At 31 March 2023 36,200

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the year end the company owed the director £113 (2022 - £832).

11. RELATED PARTY DISCLOSURES

During the year, total dividends of £65,800 were paid to the director .