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REGISTERED NUMBER: 07543205 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Planet Food Consulting Ltd

Planet Food Consulting Ltd (Registered number: 07543205)






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


Planet Food Consulting Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: A J Howard
J E Howard





REGISTERED OFFICE: Suite 5 Corum 2
Corum Office Park
Crown Way
Warmley
Bristol
BS30 8FJ





REGISTERED NUMBER: 07543205 (England and Wales)





ACCOUNTANTS: Verinder Powell Associates Ltd
Suite 5 Corum 2
Corum Office Park
Crown Way
Warmley
Bristol
BS30 8FJ

Planet Food Consulting Ltd (Registered number: 07543205)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 20,000 30,000
Tangible assets 5 8,795 10,428
28,795 40,428

CURRENT ASSETS
Debtors 6 43,791 65,337
Cash at bank 197,958 180,344
241,749 245,681
CREDITORS
Amounts falling due within one year 7 77,946 25,829
NET CURRENT ASSETS 163,803 219,852
TOTAL ASSETS LESS CURRENT LIABILITIES 192,598 260,280

PROVISIONS FOR LIABILITIES 1,037 969
NET ASSETS 191,561 259,311

CAPITAL AND RESERVES
Called up share capital 75 75
Share premium 21,950 21,950
Capital redemption reserve 75 75
Retained earnings 169,461 237,211
191,561 259,311

Planet Food Consulting Ltd (Registered number: 07543205)

Balance Sheet - continued
31 March 2023


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 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 21 November 2023 and were signed on its behalf by:





A J Howard - Director


Planet Food Consulting Ltd (Registered number: 07543205)

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

1. STATUTORY INFORMATION

Planet Food Consulting 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
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.

There have been no material departures from the Financial Reporting Standard 102 1A.

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 2011, is being amortised evenly over its estimated useful life of ten years.

Goodwill was previously written off over 20 years and the change in amortisation method will result in goodwill now being fully amortised over the next 2 years.

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 - 25% on reducing balance
Office equipment - 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.


Planet Food Consulting Ltd (Registered number: 07543205)

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

2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet 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.

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 3 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 100,000
AMORTISATION
At 1 April 2022 70,000
Charge for year 10,000
At 31 March 2023 80,000
NET BOOK VALUE
At 31 March 2023 20,000
At 31 March 2022 30,000

Planet Food Consulting Ltd (Registered number: 07543205)

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

5. TANGIBLE FIXED ASSETS
Plant and Office
machinery equipment Totals
£    £    £   
COST
At 1 April 2022 316 26,208 26,524
Additions - 974 974
At 31 March 2023 316 27,182 27,498
DEPRECIATION
At 1 April 2022 7 16,089 16,096
Charge for year 77 2,530 2,607
At 31 March 2023 84 18,619 18,703
NET BOOK VALUE
At 31 March 2023 232 8,563 8,795
At 31 March 2022 309 10,119 10,428

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 43,791 63,875
Other debtors - 1,462
43,791 65,337

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 3,562 10,362
Taxation and social security 27,271 10,392
Other creditors 47,113 5,075
77,946 25,829

8. OTHER FINANCIAL COMMITMENTS

Included in the balance sheet are pensions payable of £226 (2022 - £257). The company participates in a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund.