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REGISTERED NUMBER: 07543205 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Planet Food Consulting Ltd

Planet Food Consulting Ltd (Registered number: 07543205)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Planet Food Consulting Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: A J Howard
J E Howard





REGISTERED OFFICE: Suite 5 Corum 2
Corum Office Park
Crown Way
Warmley
Bristol
BS30 8FJ





REGISTERED NUMBER: 07543205 (England and Wales)





ACCOUNTANTS: Verinder Powell Associates Ltd
Suite 5 Corum 2
Corum Office Park
Crown Way
Warmley
Bristol
BS30 8FJ

Planet Food Consulting Ltd (Registered number: 07543205)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 10,000 20,000
Tangible assets 5 10,524 8,795
20,524 28,795

CURRENT ASSETS
Debtors 6 183,108 43,791
Cash at bank 67,502 197,958
250,610 241,749
CREDITORS
Amounts falling due within one year 7 153,379 77,946
NET CURRENT ASSETS 97,231 163,803
TOTAL ASSETS LESS CURRENT LIABILITIES 117,755 192,598

PROVISIONS FOR LIABILITIES 1,562 1,037
NET ASSETS 116,193 191,561

CAPITAL AND RESERVES
Called up share capital 75 75
Share premium 21,950 21,950
Capital redemption reserve 75 75
Retained earnings 94,093 169,461
116,193 191,561

Planet Food Consulting Ltd (Registered number: 07543205)

Balance Sheet - continued
31 March 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 26 September 2024 and were signed on its behalf by:





A J Howard - Director


Planet Food Consulting Ltd (Registered number: 07543205)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Planet Food Consulting Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

There have been no material departures from the Financial Reporting Standard 102 1A.

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

The company recognises revenue when;
the amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten years.

Goodwill was previously written off over 20 years and the change in amortisation method will result in goodwill now being fully amortised by next year.

Tangible fixed assets
Tangible fixed assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

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 reducing balance
Office equipment- 25% on reducing balance


Planet Food Consulting Ltd (Registered number: 07543205)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued
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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Foreign currencies
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 rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

Planet Food Consulting Ltd (Registered number: 07543205)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 100,000
AMORTISATION
At 1 April 2023 80,000
Charge for year 10,000
At 31 March 2024 90,000
NET BOOK VALUE
At 31 March 2024 10,000
At 31 March 2023 20,000

5. TANGIBLE FIXED ASSETS
Plant and Office
machinery equipment Totals
£    £    £   
COST
At 1 April 2023 316 27,182 27,498
Additions - 3,967 3,967
Disposals - (4,084 ) (4,084 )
At 31 March 2024 316 27,065 27,381
DEPRECIATION
At 1 April 2023 84 18,619 18,703
Charge for year 58 2,180 2,238
Eliminated on disposal - (4,084 ) (4,084 )
At 31 March 2024 142 16,715 16,857
NET BOOK VALUE
At 31 March 2024 174 10,350 10,524
At 31 March 2023 232 8,563 8,795

Planet Food Consulting Ltd (Registered number: 07543205)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 183,029 43,791
Other debtors 79 -
183,108 43,791

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 2,432 3,562
Taxation and social security 40,325 27,271
Other creditors 110,622 47,113
153,379 77,946

8. OTHER FINANCIAL COMMITMENTS

Included in the balance sheet are pensions payable of £257 (2023 - £226). The company participates in a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund.

Planet Food Consulting Ltd (Registered number: 07543205)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

9. RELATED PARTY DISCLOSURES

Loans from related parties



Key
management


Total
2024 £ £
At start of period 81 81
Advanced 265,814 265,814
Repaid (246,580 ) (246,580 )
At end of period 19,315 19,315


Key
management


Total
2023 £ £
At start of period 943 943
Advanced 181,235 181,235
Repaid (182,097 ) (182,097 )
At end of period 81 81

Loans from key management are interest free and repayable on demand.