Company Registration No. 10842289 (England and Wales)
The Protein Plant Ltd
Unaudited accounts
for the year ended 30 June 2024
The Protein Plant Ltd
Unaudited accounts
Contents
The Protein Plant Ltd
Company Information
for the year ended 30 June 2024
Directors
Changsheng Dai
Sean Kenneth Dennis
Company Number
10842289 (England and Wales)
Registered Office
274 Ampthill Road
Bedford
MK42 9QJ
Accountants
Tax Return Accountants Ltd
26 Spinning Wheel Way
Hackbridge
WALLINGTON
GB
SM6 7DS
The Protein Plant Ltd
Statement of financial position
as at 30 June 2024
Tangible assets
14,338
14,984
Cash at bank and in hand
1,090
1,105
Creditors: amounts falling due within one year
(15,592)
(43,276)
Net current liabilities
(10,977)
(33,719)
Total assets less current liabilities
3,361
(18,735)
Creditors: amounts falling due after more than one year
(80,150)
(67,842)
Net liabilities
(76,789)
(86,577)
Called up share capital
100
100
Profit and loss account
(76,889)
(86,677)
Shareholders' funds
(76,789)
(86,577)
For the year ending 30 June 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 1 August 2024 and were signed on its behalf by
Changsheng Dai
Director
Company Registration No. 10842289
The Protein Plant Ltd
Notes to the Accounts
for the year ended 30 June 2024
The Protein Plant Ltd is a private company, limited by shares, registered in England and Wales, registration number 10842289. The registered office is 274 Ampthill Road , Bedford , MK42 9QJ .
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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.
The accounts are presented in £ sterling.
The directors acknowledges the latest guidance on going concern. After assessing the outcome of the business and with consideration of the Company's balance sheet position, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for a period of twelve months from the date of the approval of the financial statements and, therefore, they continue to adopt the going concern basis in preparing the annual financial statements.
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:
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.
The Protein Plant Ltd
Notes to the Accounts
for the year ended 30 June 2024
Current and deferred taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in
equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Statement of Financial Position date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
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Tangible fixed assets
Fixtures & fittings
Amounts falling due within one year
The Protein Plant Ltd
Notes to the Accounts
for the year ended 30 June 2024
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
1,200
29,146
Taxes and social security
10,643
7,597
Other creditors
3,749
6,533
Trade creditors of £27,946 was written off during the year and was shown as rent receivable in profit and loss account.
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Creditors: amounts falling due after more than one year
2024
2023
Other creditors
19,000
19,000
Loans from directors
54,864
48,793
Bank loan was £6,286 at 30 June 2024. Bank loans and overdrafts in profit and loss account amounting £10,058 was related to the prior year adjustment.
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
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Transactions with related parties
The company is controlled by the director Mr Changsheng Dai and he is the hundred percent share holder. He made a loan to the company amounting £54,864, being interest free and repayable by demand.
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Average number of employees
During the year the average number of employees was 3 (2023: 3).