Registered number
12651207
In Plain Sight Limited
Filleted Accounts
30 June 2023
In Plain Sight Limited
Registered number: 12651207
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 360 596
Current assets
Debtors 4 4,571 173
Cash at bank and in hand 63,879 24,864
68,450 25,037
Creditors: amounts falling due within one year 5 (38,783) (11,498)
Net current assets 29,667 13,539
Total assets less current liabilities 30,027 14,135
Provisions for liabilities (68) (113)
Net assets 29,959 14,022
Capital and reserves
Called up share capital 100 100
Profit and loss account 29,859 13,922
Shareholder's funds 29,959 14,022
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr S J Wergan
Director
Approved by the board on 25 October 2023
In Plain Sight Limited
Notes to the Accounts
for the year ended 30 June 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 3 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2022 1,174
Additions 231
At 30 June 2023 1,405
Depreciation
At 1 July 2022 578
Charge for the year 467
At 30 June 2023 1,045
Net book value
At 30 June 2023 360
At 30 June 2022 596
4 Debtors 2023 2022
£ £
Trade debtors 4,320 -
Other debtors 251 173
4,571 173
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 155 297
Taxation and social security costs 16,999 2,047
Other creditors 21,629 9,154
38,783 11,498
6 Related party transactions
Included within other creditors is the amount of £350 owed to the director. (2022: £8,875) This amount is undated, unsecured, interest free and repayable upon demand.    
7 Controlling party
Mr S J Wergan, as the sole Director and shareholder, is the ultimate controlling party.
8 Other information
In Plain Sight Limited is a private company limited by shares and incorporated in England. Its registered office is:
4 Cobbins Brook Way
Dunmow
Essex
CM6 4DF
In Plain Sight Limited 12651207 false 2022-07-01 2023-06-30 2023-06-30 VT Final Accounts October 2023 release 2 Mr S J Wergan No description of principal activity 12651207 2021-07-01 2022-06-30 12651207 core:WithinOneYear 2022-06-30 12651207 core:ShareCapital 2022-06-30 12651207 core:RetainedEarningsAccumulatedLosses 2022-06-30 12651207 2022-07-01 2023-06-30 12651207 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 12651207 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 12651207 bus:Director40 2022-07-01 2023-06-30 12651207 1 2022-07-01 2023-06-30 12651207 2 2022-07-01 2023-06-30 12651207 core:PlantMachinery 2022-07-01 2023-06-30 12651207 countries:England 2022-07-01 2023-06-30 12651207 bus:FRS102 2022-07-01 2023-06-30 12651207 bus:FullAccounts 2022-07-01 2023-06-30 12651207 2023-06-30 12651207 core:WithinOneYear 2023-06-30 12651207 core:ShareCapital 2023-06-30 12651207 core:RetainedEarningsAccumulatedLosses 2023-06-30 12651207 core:PlantMachinery 2023-06-30 12651207 2022-06-30 12651207 core:PlantMachinery 2022-06-30 iso4217:GBP xbrli:pure