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Company Registration No. 10428797 (England and Wales)
Protected Life Planning Ltd Unaudited accounts for the year ended 31 October 2023
Protected Life Planning Ltd Unaudited accounts Contents
Page
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Protected Life Planning Ltd Company Information for the year ended 31 October 2023
Director
WA Bent
Company Number
10428797 (England and Wales)
Registered Office
123 Cross Lane East Gravesend Kent DA12 5HA
Accountants
Clayton Stirling 123 Cross Lane East Gravesend Kent DA12 5HA
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Protected Life Planning Ltd Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
16,924 
19,523 
Current assets
Debtors
23,461 
1,875 
Cash at bank and in hand
17,651 
32,244 
41,112 
34,119 
Creditors: amounts falling due within one year
(12,065)
(13,518)
Net current assets
29,047 
20,601 
Net assets
45,971 
40,124 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
45,871 
40,024 
Shareholders' funds
45,971 
40,124 
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 17 April 2024 and were signed on its behalf by
WA Bent Director Company Registration No. 10428797
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Protected Life Planning Ltd Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
Protected Life Planning Ltd is a private company, limited by shares, registered in England and Wales, registration number 10428797. The registered office is 123 Cross Lane East, Gravesend, Kent, DA12 5HA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% straight line basis
Fixtures & fittings
20% straight line
Computer equipment
20% straight line
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Protected Life Planning Ltd Notes to the Accounts for the year ended 31 October 2023
4
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 November 2022
17,061 
1,851 
2,607 
21,519 
At 31 October 2023
17,061 
1,851 
2,607 
21,519 
Depreciation
At 1 November 2022
341 
611 
1,044 
1,996 
Charge for the year
1,706 
371 
522 
2,599 
At 31 October 2023
2,047 
982 
1,566 
4,595 
Net book value
At 31 October 2023
15,014 
869 
1,041 
16,924 
At 31 October 2022
16,720 
1,240 
1,563 
19,523 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
1,700 
Accrued income and prepayments
- 
175 
Other debtors
23,461 
- 
23,461 
1,875 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Obligations under finance leases and hire purchase contracts
- 
407 
Trade creditors
574 
276 
Taxes and social security
11,491 
11,752 
Loans from directors
- 
1,083 
12,065 
13,518 
7
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
WA Bent
- 
23,316 
- 
23,316 
- 
23,316 
- 
23,316 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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