Company registration number 03823269 (England and Wales)
PLANET NUMBERS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 AUGUST 2023
PAGES FOR FILING WITH REGISTRAR
10 Bridge Street
Christchurch
Dorset
BH23 1EF
PLANET NUMBERS LIMITED
CONTENTS
Page
Company information
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 8
PLANET NUMBERS LIMITED
COMPANY INFORMATION
- 1 -
Directors
Mr R G James
Mrs K H James
Mr. A Deutsch
(Appointed 30 November 2023)
Secretary
Mrs K H James
Company number
03823269
Registered office
Bourne Gardens
Exeter Park Road
Bournemouth
Dorset
BH2 5BD
Accountants
TC Group
10 Bridge Street
Christchurch
Dorset
BH23 1EF
PLANET NUMBERS LIMITED
BALANCE SHEET
AS AT
31 AUGUST 2023
31 August 2023
- 2 -
2023
2022
Notes
£
£
£
£
Fixed assets
Intangible assets
3
1,830
1,830
Tangible assets
4
27,813
29,543
29,643
31,373
Current assets
Debtors
5
121,386
39,838
Cash at bank and in hand
312,986
295,466
434,372
335,304
Creditors: amounts falling due within one year
6
(255,356)
(157,473)
Net current assets
179,016
177,831
Total assets less current liabilities
208,659
209,204
Provisions for liabilities
(5,285)
(7,386)
Net assets
203,374
201,818
Capital and reserves
Called up share capital
10
10
Profit and loss reserves
203,364
201,808
Total equity
203,374
201,818
PLANET NUMBERS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 AUGUST 2023
31 August 2023
- 3 -

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 5 March 2024 and are signed on its behalf by:
Mr R G James
Director
Company Registration No. 03823269
PLANET NUMBERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023
- 4 -
1
Accounting policies
Company information

Planet Numbers Limited is a private company limited by shares incorporated in England and Wales. The registered office is Bourne Gardens, Exeter Park Road, Bournemouth, Dorset, England, BH2 5BD.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest pound.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

In common with previous years, no adjustment has been made for deferred income received in advance.

1.3
Intangible fixed assets - goodwill

Goodwill is amortised over its estimated useful life of 10 years.

1.4
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

 

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Patents & licences
Nil
1.5
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
PLANET NUMBERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
1
Accounting policies
(Continued)
- 5 -

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
25% on reducing balance
Fixtures and fittings
25% on reducing balance
Computer equipment
25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The company 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.

 

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

 

PLANET NUMBERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
1
Accounting policies
(Continued)
- 6 -
1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

1.11
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
7
8
3
Intangible fixed assets
Goodwill
Patents & licences
Total
£
£
£
Cost
At 1 September 2022 and 31 August 2023
16,000
1,830
17,830
Amortisation and impairment
At 1 September 2022 and 31 August 2023
16,000
-
0
16,000
Carrying amount
At 31 August 2023
-
0
1,830
1,830
At 31 August 2022
-
0
1,830
1,830
PLANET NUMBERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
- 7 -
4
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Computer equipment
Total
£
£
£
£
Cost
At 1 September 2022
16,999
14,789
125,061
156,849
Additions
-
0
-
0
9,109
9,109
Disposals
-
0
-
0
(5,860)
(5,860)
At 31 August 2023
16,999
14,789
128,310
160,098
Depreciation and impairment
At 1 September 2022
7,437
13,454
106,415
127,306
Depreciation charged in the year
2,391
334
5,995
8,720
Eliminated in respect of disposals
-
0
-
0
(3,741)
(3,741)
At 31 August 2023
9,828
13,788
108,669
132,285
Carrying amount
At 31 August 2023
7,171
1,001
19,641
27,813
At 31 August 2022
9,562
1,335
18,646
29,543
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
28,986
21,846
Other debtors
15,824
9,084
Prepayments and accrued income
76,576
8,908
121,386
39,838
6
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
20,895
26,756
Taxation and social security
22,727
116,814
Other creditors
211,734
13,903
255,356
157,473
PLANET NUMBERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
- 8 -
7
Operating lease commitments

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2023
2022
£
£
55,200
70,725
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