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Registered number: 9366238
Plutonium Software Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Ascot Sinclair Associates Ltd
Chartered Certified Accountants
Avondale House
262 Uxbridge Road
Hatch End
Middlesex
HA5 4HS
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 9366238
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,342 3,123
2,342 3,123
CURRENT ASSETS
Debtors 5 2,210 21,494
Cash at bank and in hand 3,181 17,060
5,391 38,554
Creditors: Amounts Falling Due Within One Year 6 (36,161 ) (45,419 )
NET CURRENT ASSETS (LIABILITIES) (30,770 ) (6,865 )
TOTAL ASSETS LESS CURRENT LIABILITIES (28,428 ) (3,742 )
Creditors: Amounts Falling Due After More Than One Year 7 (28,358 ) (37,033 )
NET LIABILITIES (56,786 ) (40,775 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (56,886 ) (40,875 )
SHAREHOLDERS' FUNDS (56,786) (40,775)
Page 1
Page 2
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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Sunil Lodha
Director
30/09/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Plutonium Software Limited is a private company, limited by shares, incorporated in England & Wales, registered number 9366238 . The registered office is Avondale House, 262 Uxbridge Road, Hatch End, HA5 4HS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 2)
1 2
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 January 2023 10,859
As at 31 December 2023 10,859
Depreciation
As at 1 January 2023 7,736
Provided during the period 781
As at 31 December 2023 8,517
Net Book Value
As at 31 December 2023 2,342
As at 1 January 2023 3,123
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Page 4
5. Debtors
2023 2022
£ £
Due within one year
Amounts recoverable on contracts - 15,225
Other taxes and social security 29 29
Directors' loan accounts 2,181 6,240
2,210 21,494
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 1 -
Corporation tax (5,376 ) (5,376 )
VAT 2,260 4,335
Accruals and deferred income 2,880 1,440
Directors' loan accounts 36,396 45,020
36,161 45,419
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 28,358 37,033
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2023 Amounts advanced Amounts repaid Amounts written off As at 31 December 2023
£ £ £ £ £
Mrs Pinky Lodha 6,240 - (4,060 ) - 2,180
The above loan is unsecured and repayable on demand.
Page 4