IRIS Accounts Production v23.3.0.418 08887071 director 1.4.22 31.3.23 31.3.23 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh088870712022-03-31088870712023-03-31088870712022-04-012023-03-31088870712021-03-31088870712021-04-012022-03-31088870712022-03-3108887071ns10:Originalns15:EnglandWales2022-04-012023-03-3108887071ns14:PoundSterlingns10:Original2022-04-012023-03-3108887071ns10:Originalns10:Director12022-04-012023-03-3108887071ns10:Original2022-04-012023-03-3108887071ns10:Original2023-03-3108887071ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3108887071ns10:Originalns10:SmallEntities2022-04-012023-03-3108887071ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3108887071ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3108887071ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3108887071ns10:Originalns10:FullAccounts2022-04-012023-03-3108887071ns10:Original2021-04-012022-03-3108887071ns10:Originalns10:RegisteredOffice2022-04-012023-03-3108887071ns10:Original2022-03-3108887071ns10:Originalns5:CurrentFinancialInstruments2023-03-3108887071ns10:Originalns5:CurrentFinancialInstruments2022-03-3108887071ns5:ShareCapitalns10:Original2023-03-3108887071ns5:ShareCapitalns10:Original2022-03-3108887071ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3108887071ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3108887071ns10:Originalns5:CostValuation2022-03-3108887071ns10:Originalns5:DisposalsRepaymentsInvestments2023-03-3108887071ns10:Originalns5:CostValuation2023-03-3108887071ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3108887071ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-31
REGISTERED NUMBER: 08887071 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

PLARTUS SOLUTIONS LTD

PLARTUS SOLUTIONS LTD (REGISTERED NUMBER: 08887071)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


PLARTUS SOLUTIONS LTD

COMPANY INFORMATION
for the Year Ended 31 March 2023







DIRECTOR: Mr R Plartus





REGISTERED OFFICE: Unit 12A, Building 2,
Canonbury Yard
190 New North Road
Islington
London
N1 7BJ





REGISTERED NUMBER: 08887071 (England and Wales)





ACCOUNTANTS: Acuity Professional Partnership LLP
Business Advisers and Accountants
Unit 2.02 High Weald House,
Glovers End
Bexhill
East Sussex
United Kingdom
TN39 5ES

PLARTUS SOLUTIONS LTD (REGISTERED NUMBER: 08887071)

STATEMENT OF FINANCIAL POSITION
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 92,207 129,992

CURRENT ASSETS
Debtors 5 34,553 26,000
Cash at bank and in hand 2,266 16,423
36,819 42,423
CREDITORS
Amounts falling due within one year 6 4,402 15,147
NET CURRENT ASSETS 32,417 27,276
TOTAL ASSETS LESS CURRENT
LIABILITIES

124,624

157,268

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 124,623 157,267
SHAREHOLDERS' FUNDS 124,624 157,268

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.

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 22 November 2023 and were signed by:





Mr R Plartus - Director


PLARTUS SOLUTIONS LTD (REGISTERED NUMBER: 08887071)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Plartus Solutions Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The preparation of financial statements in conformity with FRS 102 section 1A requires the use of certain critical accounting estimates. lt also requires management to exercise judgement in applying the company's accounting policies.

Information on the impact of first-time adoption of FRS 102 section 1A is given in note 8. The following principal accounting policies have been applied:

Turnover
Turnover represents the consultancy fees and share of profits from QNS LLP.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

PLARTUS SOLUTIONS LTD (REGISTERED NUMBER: 08887071)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
The LLP has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognized in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset , with the net amounts presented in the financial statements , when there is a legally enforceable right to set off the recognized amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans and loans from fellow group companies that are classified as debt, are initially recognized at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payment discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Significant judgements and estimates
In preparing the financial statements, management were not required to make any estimates or judgements which materially affect reported income, expenses, assets, liabilities or disclosure of contingent assets and liabilities.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Other
investments
£   
Cost
At 1 April 2022 129,992
Disposals (37,785 )
At 31 March 2023 92,207
Net book value
At 31 March 2023 92,207
At 31 March 2022 129,992

PLARTUS SOLUTIONS LTD (REGISTERED NUMBER: 08887071)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 30,200 26,000
Directors' current accounts 4,353 -
34,553 26,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax 3,394 14,563
Other creditors - 26
I/E- Qualinet Solution Ltd 108 108
Accruals and deferred income 900 450
4,402 15,147

7. ULTIMATE CONTROLLING PARTY

The controlling party is Mr. R. Plartus.