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REGISTERED NUMBER: 10697067 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Plaice 11 Limited

Plaice 11 Limited (Registered number: 10697067)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Plaice 11 Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: J A Cuming
Mrs M R Cuming





REGISTERED OFFICE: 9 St George's Yard
Farnham
Surrey
GU9 7LW





REGISTERED NUMBER: 10697067 (England and Wales)





ACCOUNTANTS: Blackwood Futcher & Co.
Chartered Accountants
9 St George's Yard
Farnham
Surrey
GU9 7LW

Plaice 11 Limited (Registered number: 10697067)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 62,337 46,672

CURRENT ASSETS
Stocks 9,500 8,500
Debtors 5 5,425 6,008
Cash at bank 163,519 85,437
178,444 99,945
CREDITORS
Amounts falling due within one year 6 121,127 99,279
NET CURRENT ASSETS 57,317 666
TOTAL ASSETS LESS CURRENT
LIABILITIES

119,654

47,338

CREDITORS
Amounts falling due after more than one
year

7

-

(19,037

)

PROVISIONS FOR LIABILITIES (15,584 ) (8,867 )
NET ASSETS 104,070 19,434

CAPITAL AND RESERVES
Called up share capital 20 20
Retained earnings 104,050 19,414
104,070 19,434

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 12 January 2024 and were signed on its behalf by:





J A Cuming - Director


Plaice 11 Limited (Registered number: 10697067)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Plaice 11 Limited 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.

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 of the company take away food shop activities and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.

The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity.

Tangible fixed assets
Tangible fixed assets are carried at cost less accumulated depreciation and accumulated impairment losses.

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over their estimated useful lives as follows:

Fixtures and fittings - 20% reducing balance
Motor vehicles - 20% reducing balance

On disposal, the difference between the net disposal proceeds and the carrying amount of the item sold is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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 14 (2022 - 13 ) .

Plaice 11 Limited (Registered number: 10697067)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2022 63,372
Additions 28,626
At 30 June 2023 91,998
DEPRECIATION
At 1 July 2022 16,700
Charge for year 12,961
At 30 June 2023 29,661
NET BOOK VALUE
At 30 June 2023 62,337
At 30 June 2022 46,672

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 July 2022
and 30 June 2023 33,183
DEPRECIATION
At 1 July 2022 7,521
Charge for year 5,132
At 30 June 2023 12,653
NET BOOK VALUE
At 30 June 2023 20,530
At 30 June 2022 25,662

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Other debtors 5,425 6,008

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Hire purchase contracts 19,037 4,390
Trade creditors 7,202 5,009
Taxation and social security 73,273 67,007
Other creditors 21,615 22,873
121,127 99,279

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.23 30.6.22
£    £   
Hire purchase contracts - 19,037

Plaice 11 Limited (Registered number: 10697067)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

8. RELATED PARTY DISCLOSURES

At the balance sheet date the company was owed an amount of £757 (2022 £791) by Festina Investments Limited, a company in which a director holds a material interest.

At the balance sheet date the company was owed an amount of £2,593 (2022 £1,245) by Paul's Plaice Limited, a company in which a director holds a material interest.

During the year the company paid rent amounting to £104,000 (2022 £104,000) to Paul's Plaice Limited, a company in which a director holds an interest.