1 July 2023 false Taxfiler 2024.4 true 10842289business:PrivateLimitedCompanyLtd2023-07-012024-06-30 108422892023-06-30 108422892023-07-012024-06-30 10842289business:AuditExemptWithAccountantsReport2023-07-012024-06-30 10842289business:FilletedAccounts2023-07-012024-06-30 108422892024-06-30 10842289business:Director12023-07-012024-06-30 10842289business:Director22023-07-012024-06-30 10842289business:RegisteredOffice2023-07-012024-06-30 108422892023-06-30 10842289core:WithinOneYear2024-06-30 10842289core:WithinOneYear2023-06-30 10842289core:AfterOneYear2024-06-30 10842289core:AfterOneYear2023-06-30 10842289core:ShareCapitalcore:PreviouslyStatedAmount2024-06-30 10842289core:ShareCapitalcore:PreviouslyStatedAmount2023-06-30 10842289core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-06-30 10842289core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-06-30 10842289core:PreviouslyStatedAmount2024-06-30 10842289core:PreviouslyStatedAmount2023-06-30 10842289business:SmallEntities2023-07-012024-06-30 10842289countries:EnglandWales2023-07-012024-06-30 10842289core:FurnitureFittings2023-07-012024-06-30 10842289core:FurnitureFittings2023-06-30 10842289core:FurnitureFittings2024-06-30 10842289core:WithinOneYear2023-07-012024-06-30 10842289core:AfterOneYear2023-07-012024-06-30 10842289business:OrdinaryShareClass12023-07-012024-06-30 10842289business:OrdinaryShareClass12022-07-012023-06-30 108422892022-07-012023-06-30 iso4217:GBP xbrli:shares xbrli:pure
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
Page
- 2 -
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
- 3 -
The Protein Plant Ltd Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
14,338 
14,984 
Current assets
Debtors
3,525 
8,452 
Cash at bank and in hand
1,090 
1,105 
4,615 
9,557 
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)
Capital and reserves
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
- 4 -
The Protein Plant Ltd Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
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 .
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Going concern
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:
Fixtures & fittings
20%
Turnover
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.
- 5 -
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.
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 July 2023
35,964 
Additions
2,939 
At 30 June 2024
38,903 
Depreciation
At 1 July 2023
20,980 
Charge for the year
3,585 
At 30 June 2024
24,565 
Net book value
At 30 June 2024
14,338 
At 30 June 2023
14,984 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
25 
4,952 
Other debtors
3,500 
3,500 
3,525 
8,452 
- 6 -
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 
15,592 
43,276 
Trade creditors of £27,946 was written off during the year and was shown as rent receivable in profit and loss account.
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
6,286 
49 
Other creditors
19,000 
19,000 
Loans from directors
54,864 
48,793 
80,150 
67,842 
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.
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
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.
10
Average number of employees
During the year the average number of employees was 3 (2023: 3).
- 7 -