Company registration number 03386865 (England and Wales)
INTERPLAN ELECTRICS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
PAGES FOR FILING WITH REGISTRAR
INTERPLAN ELECTRICS LIMITED
COMPANY INFORMATION
Director
Mr P Mutch
Secretary
Company number
03386865
Registered office
3 Austin Way
Ambrosden
Bicester
England
OX25 2DA
Accountants
Koshal Associates
Gautam House
1 - 3 Shenley Avenue
Ruislip Manor
Middlesex
HA4 6BP
INTERPLAN ELECTRICS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
INTERPLAN ELECTRICS LIMITED
BALANCE SHEET
AS AT
31 JANUARY 2024
31 January 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
126,004
58,636
Current assets
Stocks
43,650
-
Debtors
4
60,842
69,897
104,492
69,897
Creditors: amounts falling due within one year
5
(241,108)
(133,582)
Net current liabilities
(136,616)
(63,685)
Net liabilities
(10,612)
(5,049)
Capital and reserves
Called up share capital
60,004
60,004
Profit and loss reserves
(70,616)
(65,053)
Total equity
(10,612)
(5,049)

For the financial year ended 31 January 2024 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 of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 11 October 2024
Mr P Mutch
Director
Company registration number 03386865 (England and Wales)
INTERPLAN ELECTRICS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
- 2 -
1
Accounting policies
Company information

Interplan Electrics Limited is a private company limited by shares incorporated in England and Wales. The registered office is 3 Austin Way, Ambrosden, Bicester, England, OX25 2DA.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Plant and equipment
-25% on reducing balance
Fixtures and fittings
-25% on reducing balance
1.4
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

 

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.5
Taxation

The tax expense represents the sum of the tax currently payable.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.6
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.

INTERPLAN ELECTRICS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2024
- 3 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
2
2
3
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Total
£
£
£
Cost
At 1 February 2023
109,443
50,988
160,431
Additions
129,490
-
0
129,490
Disposals
(109,443)
(47,189)
(156,632)
At 31 January 2024
129,490
3,799
133,289
Depreciation and impairment
At 1 February 2023
55,169
46,627
101,796
Depreciation charged in the year
5,623
712
6,335
Eliminated in respect of disposals
(55,169)
(45,677)
(100,846)
At 31 January 2024
5,623
1,662
7,285
Carrying amount
At 31 January 2024
123,867
2,137
126,004
At 31 January 2023
55,907
2,729
58,636
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
10,842
19,897
Other debtors
50,000
50,000
60,842
69,897
INTERPLAN ELECTRICS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2024
- 4 -
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
114,510
70,610
Trade creditors
64,494
18,171
Corporation tax
8,493
13,982
Other taxation and social security
(2,859)
(1,107)
Other creditors
56,470
31,926
241,108
133,582
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