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
Protected Life Planning Ltd
Company Information
for the year ended 31 October 2023
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
Protected Life Planning Ltd
Statement of financial position
as at 31 October 2023
Tangible assets
16,924
19,523
Cash at bank and in hand
17,651
32,244
Creditors: amounts falling due within one year
(12,065)
(13,518)
Net current assets
29,047
20,601
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
Protected Life Planning Ltd
Notes to the Accounts
for the year ended 31 October 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 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.
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
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
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
At 31 October 2023
15,014
869
1,041
16,924
At 31 October 2022
16,720
1,240
1,563
19,523
Amounts falling due within one year
Accrued income and prepayments
-
175
6
Creditors: amounts falling due within one year
2023
2022
Obligations under finance leases and hire purchase contracts
-
407
Taxes and social security
11,491
11,752
Loans from directors
-
1,083
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).