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
Planbox Imaginatik Limited
Company Information
for the year ended 31 December 2023
Directors
Ralf Pollack
Frank Henningsen
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
Planbox Imaginatik Limited
Statement of financial position
as at 31 December 2023
Intangible assets
-
482,037
Tangible assets
5,501
5,859
Cash at bank and in hand
391,675
535,406
Creditors: amounts falling due within one year
(1,403,161)
(1,273,250)
Net current assets
28,788
24,776
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
Planbox Imaginatik Limited
Notes to the Accounts
for the year ended 31 December 2023
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.
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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.
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 (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.
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 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.
Planbox Imaginatik Limited
Notes to the Accounts
for the year ended 31 December 2023
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.
Expenditure on research and development is written off in the year in which it is incurred.
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.
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Intangible fixed assets
Goodwill
Other
Total
At 1 January 2023
191,258
1,768,708
1,959,966
At 31 December 2023
191,258
1,768,708
1,959,966
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
At 31 December 2022
98,817
383,220
482,037
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Tangible fixed assets
Computer equipment
At 31 December 2023
39,831
At 31 December 2023
34,330
Planbox Imaginatik Limited
Notes to the Accounts
for the year ended 31 December 2023
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
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Creditors: amounts falling due within one year
2023
2022
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
Deferred income
656,815
499,846
Other Creditors:
Included in other creditors are the following: pension liability £11,534 and provision for doubtful debts £32,821.
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000
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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.
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.
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Average number of employees
During the year the average number of employees was 8 (2022: 8).
Planbox Imaginatik Limited
Notes to the Accounts
for the year ended 31 December 2023
12
Reconciliations on adoption of FRS 102