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Company Registration No. 11725320 (England and Wales)
Planbox Imaginatik Limited Unaudited accounts for the year ended 31 December 2023
Planbox Imaginatik Limited Unaudited accounts Contents
Page
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Planbox Imaginatik Limited Company Information for the year ended 31 December 2023
Directors
Ralf Pollack Frank Henningsen
Secretary
Ralf Pollack
Company Number
11725320 (England and Wales)
Registered Office
1 Chancery Lane Chancery Lane, First Floor London WC2A 1LF England
Accountants
Sleek Accounting Ltd 107 Kirkgate Leeds West Yorkshire LS1 6DP
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Planbox Imaginatik Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
- 
482,037 
Tangible assets
5,501 
5,859 
5,501 
487,896 
Current assets
Debtors
1,040,274 
762,620 
Cash at bank and in hand
391,675 
535,406 
1,431,949 
1,298,026 
Creditors: amounts falling due within one year
(1,403,161)
(1,273,250)
Net current assets
28,788 
24,776 
Net assets
34,289 
512,672 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
33,289 
511,672 
Shareholders' funds
34,289 
512,672 
For the year ending 31 December 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 12 September 2024 and were signed on its behalf by
Ralf Pollack Director Company Registration No. 11725320
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Planbox Imaginatik Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Planbox Imaginatik Limited is a private company, limited by shares, registered in England and Wales, registration number 11725320. The registered office is 1 Chancery Lane, Chancery Lane, First Floor, London, WC2A 1LF, England.
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.
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:
Computer equipment
33.33% straight line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortization. Goodwill: Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. Goodwill is amortized over its expected life, which is 5 years. Other intangible fixed assets: Other intangible fixed assets consist of software development. Software development is amortized over its expected useful life of 5 years.
Foreign exchange
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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Planbox Imaginatik Limited Notes to the Accounts for the year ended 31 December 2023
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.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Intangible fixed assets
Goodwill 
Other 
Total 
£ 
£ 
£ 
Cost
At 1 January 2023
191,258 
1,768,708 
1,959,966 
At 31 December 2023
191,258 
1,768,708 
1,959,966 
Amortisation
At 1 January 2023
92,441 
1,385,488 
1,477,929 
Charge for the year
98,817 
383,220 
482,037 
At 31 December 2023
191,258 
1,768,708 
1,959,966 
Net book value
At 31 December 2023
- 
- 
- 
At 31 December 2022
98,817 
383,220 
482,037 
5
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 January 2023
37,207 
Additions
2,624 
At 31 December 2023
39,831 
Depreciation
At 1 January 2023
31,348 
Charge for the year
2,982 
At 31 December 2023
34,330 
Net book value
At 31 December 2023
5,501 
At 31 December 2022
5,859 
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Planbox Imaginatik Limited Notes to the Accounts for the year ended 31 December 2023
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
538,088 
121,040 
Amounts due from group undertakings etc.
472,495 
630,924 
Accrued income and prepayments
21,691 
891 
Other debtors
8,000 
9,765 
1,040,274 
762,620 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
23,347 
- 
Trade creditors
1,167 
3,017 
Amounts owed to group undertakings and other participating interests
579,655 
720,823 
Other creditors
46,106 
8,121 
Accruals
96,071 
41,443 
Deferred income
656,815 
499,846 
1,403,161 
1,273,250 
Other Creditors: Included in other creditors are the following: pension liability £11,534 and provision for doubtful debts £32,821.
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000 
1,000 
9
Transactions with related parties
Planbox Inc. (Canada): The company is related by virtue of common control. At the balance sheet date the amount due to Planbox Inc. (Canada) was £474,109. Planbox, Inc (USA): The company is related by virtue of common control. At the balance sheet date the amount due from Planbox Inc (USA) was £472,495. Planbox International Inc.: The company is a wholly owned subsidiary of Planbox International Inc. At the balance sheet date the amount due to Planbox Internal Inc was £105,546.
10
Controlling party
The company's parent company is Planbox International Inc., a company incorporated in Canada. For the year ended 31 December 2021 Planbox International Inc. was controlled by Planbox Inc., incorporated in Canada.
11
Average number of employees
During the year the average number of employees was 8 (2022: 8).
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Planbox Imaginatik Limited Notes to the Accounts for the year ended 31 December 2023
12
Reconciliations on adoption of FRS 102
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