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Company Registration No. 14478491 (England and Wales)
Planet Health Ltd Unaudited accounts for the year ended 30 November 2023
Planet Health Ltd Unaudited accounts Contents
Page
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Planet Health Ltd Company Information for the year ended 30 November 2023
Directors
Kinnari K Vyas Krunalkumar R Vyas
Company Number
14478491 (England and Wales)
Registered Office
53 Holt Wood Avenue Aylesford Kent ME20 7QQ GBR
Accountants
Harrison Bernstein Ltd 10 Harmer Street Gravesend Kent DA12 2AX
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Planet Health Ltd Statement of financial position as at 30 November 2023
2023 
Notes
£ 
Fixed assets
Intangible assets
245,000 
Tangible assets
44,241 
289,241 
Current assets
Inventories
42,647 
Debtors
(28,572)
Cash at bank and in hand
23,401 
37,476 
Creditors: amounts falling due within one year
(172,730)
Net current liabilities
(135,254)
Total assets less current liabilities
153,987 
Creditors: amounts falling due after more than one year
(172,468)
Net liabilities
(18,481)
Capital and reserves
Profit and loss account
(18,481)
Shareholders' funds
(18,481)
For the year ending 30 November 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 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 9 August 2024 and were signed on its behalf by
Krunalkumar R Vyas Director Company Registration No. 14478491
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Planet Health Ltd Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
Planet Health Ltd is a private company, limited by shares, registered in England and Wales, registration number 14478491. The registered office is 53 Holt Wood Avenue, Aylesford, Kent, ME20 7QQ, GBR.
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 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.
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.
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:
Plant & machinery
25% Reduced balance method
Fixtures & fittings
25% Reduced balance method
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories
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.
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Planet Health Ltd Notes to the Accounts for the year ended 30 November 2023
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 December 2022
- 
Additions
245,000 
At 30 November 2023
245,000 
Amortisation
At 1 December 2022
- 
At 30 November 2023
- 
Net book value
At 30 November 2023
245,000 
5
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 December 2022
- 
- 
- 
Additions
1,140 
45,000 
46,140 
At 30 November 2023
1,140 
45,000 
46,140 
Depreciation
Charge for the year
24 
1,875 
1,899 
At 30 November 2023
24 
1,875 
1,899 
Net book value
At 30 November 2023
1,116 
43,125 
44,241 
6
Debtors
2023 
£ 
Amounts falling due within one year
VAT
4,369 
Trade debtors
(32,941)
(28,572)
7
Creditors: amounts falling due within one year
2023 
£ 
Trade creditors
29,603 
Loans from directors
143,127 
172,730 
8
Creditors: amounts falling due after more than one year
2023 
£ 
Bank loans
172,468 
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Planet Health Ltd Notes to the Accounts for the year ended 30 November 2023
9
Average number of employees
During the year the average number of employees was 1.
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