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REGISTERED NUMBER: 06255748 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 July 2023

for

Plenary Project Solutions Limited

Plenary Project Solutions Limited (Registered number: 06255748)






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


Plenary Project Solutions Limited

Company Information
for the Year Ended 31 July 2023







DIRECTOR: D J McGlade





SECRETARY: Mrs C McGlade





REGISTERED OFFICE: Plenary BV House
Queens Square
Middlesbrough
TS2 1PA





REGISTERED NUMBER: 06255748 (England and Wales)





ACCOUNTANTS: Anderson Barrowcliff LLP
Chartered Accountants
3 Kingfisher Court
Bowesfield Park
Stockton on Tees
TS18 3EX

Plenary Project Solutions Limited (Registered number: 06255748)

Balance Sheet
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 686,647 704,292
Investments 5 - 50
686,647 704,342

CURRENT ASSETS
Debtors 6 526,317 525,240
Cash at bank 44,291 46,689
570,608 571,929
CREDITORS
Amounts falling due within one year 7 421,429 455,975
NET CURRENT ASSETS 149,179 115,954
TOTAL ASSETS LESS CURRENT
LIABILITIES

835,826

820,296

CREDITORS
Amounts falling due after more than one
year

8

(23,950

)

(24,550

)

PROVISIONS FOR LIABILITIES (33,500 ) (34,000 )
NET ASSETS 778,376 761,746

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings 777,376 760,746
SHAREHOLDERS' FUNDS 778,376 761,746

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 director acknowledges his 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.

Plenary Project Solutions Limited (Registered number: 06255748)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 April 2024 and were signed by:





D J McGlade - Director


Plenary Project Solutions Limited (Registered number: 06255748)

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

1. STATUTORY INFORMATION

Plenary Project Solutions 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

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.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

All fixed assets are accounted for at historical cost.

Tax
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Leasing commitments
Rentals payable and receivable under operating leases are charged to the profit and loss on a straight line basis over the period of the lease.

Plenary Project Solutions Limited (Registered number: 06255748)

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

2. ACCOUNTING POLICIES - continued

Investments in associates
Investments in associated undertakings are recognised at cost, less any accumulated impairment losses.

Grants received
Grants of a capital nature are credited to a deferred capital grant account and are released to the profit and loss account over the expected useful economic life of the related asset on a basis consistent with the depreciation policy. Grants of a revenue nature are recognised in the profit and loss account in the same period as the relevant expenditure is incurred.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss.

Debtors and creditors receivable/payable
Debtors and creditors with no stated interest rate and receivable or payable are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 August 2022 877,911 9,324 25,137 912,372
Additions - - 654 654
At 31 July 2023 877,911 9,324 25,791 913,026
DEPRECIATION
At 1 August 2022 176,489 6,454 25,137 208,080
Charge for year 17,558 615 126 18,299
At 31 July 2023 194,047 7,069 25,263 226,379
NET BOOK VALUE
At 31 July 2023 683,864 2,255 528 686,647
At 31 July 2022 701,422 2,870 - 704,292

Plenary Project Solutions Limited (Registered number: 06255748)

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

5. FIXED ASSET INVESTMENTS
Share in
associated
undertakings
£   
COST
At 1 August 2022 50
Disposals (50 )
At 31 July 2023 -
NET BOOK VALUE
At 31 July 2023 -
At 31 July 2022 50

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 5,937 4,590
Amounts owed by participating interests 514,408 519,408
Prepayments 5,972 1,242
526,317 525,240

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 2,182 5,261
Taxation 7,959 5,812
VAT 2,536 1,953
Other creditors 3,907 3,835
Directors' current accounts 395,903 430,374
Accrued expenses 8,342 8,140
Deferred government grants 600 600
421,429 455,975

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Deferred government grants 23,950 24,550

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary £1 1,000 1,000