IRIS Accounts Production v24.1.0.578 07826029 Board of Directors 1.8.22 31.7.23 31.7.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh078260292022-07-31078260292023-07-31078260292022-08-012023-07-31078260292021-07-31078260292021-08-012022-07-31078260292022-07-3107826029ns15:EnglandWales2022-08-012023-07-3107826029ns14:PoundSterling2022-08-012023-07-3107826029ns10:Director12022-08-012023-07-3107826029ns10:PrivateLimitedCompanyLtd2022-08-012023-07-3107826029ns10:SmallEntities2022-08-012023-07-3107826029ns10:AuditExempt-NoAccountantsReport2022-08-012023-07-3107826029ns10:SmallCompaniesRegimeForDirectorsReport2022-08-012023-07-3107826029ns10:SmallCompaniesRegimeForAccounts2022-08-012023-07-3107826029ns10:FullAccounts2022-08-012023-07-3107826029ns10:Director22022-08-012023-07-3107826029ns10:RegisteredOffice2022-08-012023-07-3107826029ns5:CurrentFinancialInstruments2023-07-3107826029ns5:CurrentFinancialInstruments2022-07-3107826029ns5:Non-currentFinancialInstruments2023-07-3107826029ns5:Non-currentFinancialInstruments2022-07-3107826029ns5:ShareCapital2023-07-3107826029ns5:ShareCapital2022-07-3107826029ns5:RetainedEarningsAccumulatedLosses2023-07-3107826029ns5:RetainedEarningsAccumulatedLosses2022-07-3107826029ns5:OwnedOrFreeholdAssetsns5:LandBuildings2022-08-012023-07-3107826029ns5:PlantMachinery2022-08-012023-07-3107826029ns5:MotorVehicles2022-08-012023-07-3107826029ns5:LandBuildings2022-07-3107826029ns5:PlantMachinery2022-07-3107826029ns5:MotorVehicles2022-07-3107826029ns5:LandBuildings2022-08-012023-07-3107826029ns5:LandBuildings2023-07-3107826029ns5:PlantMachinery2023-07-3107826029ns5:MotorVehicles2023-07-3107826029ns5:LandBuildings2022-07-3107826029ns5:PlantMachinery2022-07-3107826029ns5:MotorVehicles2022-07-3107826029ns5:ListedExchangeTradedns5:CostValuation2022-07-3107826029ns5:ListedExchangeTradedns5:AdditionsToInvestments2023-07-3107826029ns5:ListedExchangeTradedns5:RevaluationsIncreaseDecreaseInInvestments2023-07-3107826029ns5:ListedExchangeTradedns5:CostValuation2023-07-3107826029ns5:ListedExchangeTraded2023-07-3107826029ns5:ListedExchangeTraded2022-07-3107826029ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-07-3107826029ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-07-31
REGISTERED NUMBER: 07826029 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023

FOR

1PLEX LIMITED

1PLEX LIMITED (REGISTERED NUMBER: 07826029)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


1PLEX LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: J Rushton
W Talbot





REGISTERED OFFICE: 4 Stow Court
Stow-Cum-Quy
Cambridge
CB25 9AS





REGISTERED NUMBER: 07826029 (England and Wales)





ACCOUNTANTS: Prentis & Co LLP
Chartered Accountants
115c Milton Road
Cambridge
CB4 1XE

1PLEX LIMITED (REGISTERED NUMBER: 07826029)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 803,824 803,587
Investments 5 536,392 533,332
1,340,216 1,336,919

CURRENT ASSETS
Debtors 6 649,692 585,981
Cash at bank 249,829 134,088
899,521 720,069
CREDITORS
Amounts falling due within one year 7 259,442 268,208
NET CURRENT ASSETS 640,079 451,861
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,980,295

1,788,780

CREDITORS
Amounts falling due after more than one
year

8

(6,981

)

(18,428

)

PROVISIONS FOR LIABILITIES (15,343 ) (10,383 )
NET ASSETS 1,957,971 1,759,969

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,957,871 1,759,869
SHAREHOLDERS' FUNDS 1,957,971 1,759,969

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

1PLEX LIMITED (REGISTERED NUMBER: 07826029)

BALANCE SHEET - continued
31 JULY 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 April 2024 and were signed on its behalf by:





J Rushton - Director


1PLEX LIMITED (REGISTERED NUMBER: 07826029)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1. STATUTORY INFORMATION

1Plex 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 as modified by the revaluation of certain 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 25% on cost
Motor vehicles - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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 9 (2022 - 7 ) .

1PLEX LIMITED (REGISTERED NUMBER: 07826029)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 August 2022 772,184 93,442 54,464 920,090
Additions 12,274 18,444 13,500 44,218
At 31 July 2023 784,458 111,886 67,964 964,308
DEPRECIATION
At 1 August 2022 34,252 75,537 6,714 116,503
Charge for year 18,415 11,386 14,180 43,981
At 31 July 2023 52,667 86,923 20,894 160,484
NET BOOK VALUE
At 31 July 2023 731,791 24,963 47,070 803,824
At 31 July 2022 737,932 17,905 47,750 803,587

5. FIXED ASSET INVESTMENTS
Listed
investments
£   
COST OR VALUATION
At 1 August 2022 533,332
Additions 8,775
Revaluations (5,715 )
At 31 July 2023 536,392
NET BOOK VALUE
At 31 July 2023 536,392
At 31 July 2022 533,332

Cost or valuation at 31 July 2023 is represented by:

Listed
investments
£   
Valuation in 2023 (5,715 )
Cost 542,107
536,392

Market value of listed investments at 31 July 2023 - £ 536,392 .

1PLEX LIMITED (REGISTERED NUMBER: 07826029)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 424,652 552,597
Other debtors 225,040 33,384
649,692 585,981

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 11,967 12,488
Trade creditors 77,197 128,629
Tax 132,421 80,778
Social security and other taxes 3,052 1,889
VAT 8,587 5,700
Other creditors 23,218 36,124
Accrued expenses 3,000 2,600
259,442 268,208

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 6,981 18,428

9. SECURED DEBTS

A legal charge over the company's assets dated 23rd June 2016 exists in favour of Barclays Bank Plc.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year an interest free loan of £142,717 was advanced to J Rushton, a director. The outstanding balance at the year end was £142,717.

11. RELATED PARTY DISCLOSURES

During the year, total dividends of £101,325 were paid to the directors .

12. ULTIMATE CONTROLLING PARTY

The controlling party is J Rushton.