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REGISTERED NUMBER: 13066229 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 December 2023

for

THE PLAIN NUMBERS PROJECT LIMITED

THE PLAIN NUMBERS PROJECT LIMITED (REGISTERED NUMBER: 13066229)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE PLAIN NUMBERS PROJECT LIMITED

Company Information
for the Year Ended 31 December 2023







DIRECTORS: M J H Ellicock
B C R Perkins
Ms D J Hume



REGISTERED OFFICE: 22 The Avenue
Lewes
East Sussex
BN7 1QT



REGISTERED NUMBER: 13066229 (England and Wales)



ACCOUNTANTS: Paddenburg & Co Limited
100 Church Street
Brighton
East Sussex
BN1 1UJ



TRADING ADDRESS: Caburn House
Brooks Road
Lewes
East Sussex
BN7 2BY

THE PLAIN NUMBERS PROJECT LIMITED (REGISTERED NUMBER: 13066229)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 361 406
Tangible assets 5 18,138 11,686
18,499 12,092

CURRENT ASSETS
Debtors 6 1,160,529 963,446
Cash at bank 451,301 255,360
1,611,830 1,218,806
CREDITORS
Amounts falling due within one year 7 881,389 559,596
NET CURRENT ASSETS 730,441 659,210
TOTAL ASSETS LESS CURRENT
LIABILITIES

748,940

671,302

CREDITORS
Amounts falling due after more than one
year

8

(645,791

)

(643,354

)

PROVISIONS FOR LIABILITIES 9 (4,625 ) (2,298 )
NET ASSETS 98,524 25,650

CAPITAL AND RESERVES
Called up share capital 5,266 5,266
Retained earnings 93,258 20,384
98,524 25,650

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 PLAIN NUMBERS PROJECT LIMITED (REGISTERED NUMBER: 13066229)

Balance Sheet - continued
31 December 2023


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 13 March 2024 and were signed on its behalf by:




M J H Ellicock - Director Ms D J Hume - Director




B C R Perkins - Director


THE PLAIN NUMBERS PROJECT LIMITED (REGISTERED NUMBER: 13066229)

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

1. STATUTORY INFORMATION

The Plain Numbers Project 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, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on cost

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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

THE PLAIN NUMBERS PROJECT LIMITED (REGISTERED NUMBER: 13066229)

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

2. ACCOUNTING POLICIES - continued

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 8 (2022 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 January 2023
and 31 December 2023 450
AMORTISATION
At 1 January 2023 44
Amortisation for year 45
At 31 December 2023 89
NET BOOK VALUE
At 31 December 2023 361
At 31 December 2022 406

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2023 7,087 5,439 12,526
Additions 1,319 10,762 12,081
Disposals - (183 ) (183 )
At 31 December 2023 8,406 16,018 24,424
DEPRECIATION
At 1 January 2023 118 722 840
Charge for year 1,585 3,917 5,502
Eliminated on disposal - (56 ) (56 )
At 31 December 2023 1,703 4,583 6,286
NET BOOK VALUE
At 31 December 2023 6,703 11,435 18,138
At 31 December 2022 6,969 4,717 11,686

THE PLAIN NUMBERS PROJECT LIMITED (REGISTERED NUMBER: 13066229)

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

6. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 103,500 85,500
Amounts recoverable on contract 365,132 225,979
Other debtors 8,978 3,443
Accrued income 5,000 -
Prepayments 32,128 5,170
514,738 320,092

Amounts falling due after more than one year:
Amounts recoverable on contract 645,791 643,354

Aggregate amounts 1,160,529 963,446

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 5,208 4,574
Tax 57,274 24,075
Social security and other taxes 14,957 7,795
Pensions payable 3,538 -
VAT 65,366 54,069
Deferred income 363,934 235,979
Accrued expenses 5,980 7,125
Deferred services contracted 365,132 225,979
881,389 559,596

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Deferred services contracted 645,791 643,354

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 4,625 2,298

Deferred
tax
£   
Balance at 1 January 2023 2,298
Accelerated capital allowances 2,327
Balance at 31 December 2023 4,625

THE PLAIN NUMBERS PROJECT LIMITED (REGISTERED NUMBER: 13066229)

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

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M J H Ellicock.