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REGISTERED NUMBER: 12132185 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Planit Films Limited

Planit Films Limited (Registered number: 12132185)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Planit Films Limited

Company Information
for the Year Ended 30 November 2023







DIRECTOR: Mrs J Long





REGISTERED OFFICE: Unit 3
Innovation Place
Douglas Drive
Godalming
Surrey
GU7 1JX





REGISTERED NUMBER: 12132185 (England and Wales)





ACCOUNTANTS: Pi Accountants
Chartered Certified Accountants
The Brentano Suite
Solar House
915 High Road
London
N12 8QJ

Planit Films Limited (Registered number: 12132185)

Statement of Financial Position
30 November 2023

30/11/23 30/11/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,316 1,901

CURRENT ASSETS
Debtors 5 18,769 35,031
Cash at bank 16,988 32,440
35,757 67,471
CREDITORS
Amounts falling due within one year 6 12,088 28,237
NET CURRENT ASSETS 23,669 39,234
TOTAL ASSETS LESS CURRENT
LIABILITIES

27,985

41,135

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 27,885 41,035
27,985 41,135

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 13 August 2024 and were signed by:





Mrs J Long - Director


Planit Films Limited (Registered number: 12132185)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Planit Films 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

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

Planit Films Limited (Registered number: 12132185)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 December 2022 - 1,647 1,028 2,675
Additions 3,300 1,190 - 4,490
At 30 November 2023 3,300 2,837 1,028 7,165
DEPRECIATION
At 1 December 2022 - 585 189 774
Charge for year 455 1,173 447 2,075
At 30 November 2023 455 1,758 636 2,849
NET BOOK VALUE
At 30 November 2023 2,845 1,079 392 4,316
At 30 November 2022 - 1,062 839 1,901

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/23 30/11/22
£    £   
Trade debtors 11,539 30,031
Other debtors 7,230 5,000
18,769 35,031

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/23 30/11/22
£    £   
Trade creditors 341 1,285
Taxation and social security 4,776 11,042
Other creditors 6,971 15,910
12,088 28,237

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2023 and 30 November 2022:

30/11/23 30/11/22
£    £   
Mrs J Long
Balance outstanding at start of year (271 ) (1,421 )
Amounts repaid 2,871 1,150
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,600 (271 )

8. RELATED PARTY DISCLOSURES

During the year, the company purchased services from Planit Consultants Limited ( company number 07836000), a company under the control of the director. The amounts due to the company at the year end stood at £NIL (2022- £543).