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Registration number: 15060261

Gentle Plan Ltd

Annual Report and Unaudited Financial Statements

for the Period from 9 August 2023 to 31 August 2024

 

Gentle Plan Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Gentle Plan Ltd

Company Information

Director

Mr Benjamin Banda

Company secretary

Mr Benjamin Banda

Registered office

10 North Street
Wellington
TA21 8LT

Accountants

K & N Accounting Ltd
60 Windsor Avenue
London
South West London
SW19 2RR

 

Gentle Plan Ltd

(Registration number: 15060261)
Balance Sheet as at 31 August 2024

Note

2024
£

Fixed assets

 

Tangible assets

4

6,000

Current assets

 

Cash at bank and in hand

 

978

Creditors: Amounts falling due within one year

5

(5,189)

Net current liabilities

 

(4,211)

Total assets less current liabilities

 

1,789

Creditors: Amounts falling due after more than one year

5

(667)

Net assets

 

1,122

Capital and reserves

 

Called up share capital

6

1

Retained earnings

1,121

Shareholders' funds

 

1,122

For the financial period ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 4 October 2024
 

.........................................
Mr Benjamin Banda
Company secretary and director

 

Gentle Plan Ltd

Notes to the Unaudited Financial Statements for the Period from 9 August 2023 to 31 August 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
10 North Street
Wellington
TA21 8LT
England

These financial statements were authorised for issue by the director on 4 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

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.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Gentle Plan Ltd

Notes to the Unaudited Financial Statements for the Period from 9 August 2023 to 31 August 2024

Tangible assets

Tangible 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

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor Vehicles

25% Straightline

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

 

Gentle Plan Ltd

Notes to the Unaudited Financial Statements for the Period from 9 August 2023 to 31 August 2024

4

Tangible assets

Motor vehicles
 £

Total
£

Cost or valuation

Additions

8,000

8,000

At 31 August 2024

8,000

8,000

Depreciation

Charge for the period

2,000

2,000

At 31 August 2024

2,000

2,000

Carrying amount

At 31 August 2024

6,000

6,000

5

Creditors

Creditors: amounts falling due within one year

2024
£

Due within one year

Taxation and social security

5,189

Creditors: amounts falling due after more than one year

Note

2024
£

Due after one year

 

Loans and borrowings

7

667

6

Share capital

Allotted, called up and fully paid shares

 

2024

 

No.

£

Ordinary of £0.01 each

100

1

     
 

Gentle Plan Ltd

Notes to the Unaudited Financial Statements for the Period from 9 August 2023 to 31 August 2024

7

Loans and borrowings

2024
£

Non-current loans and borrowings

Other borrowings

667

8

Dividends

   

2024

 
   

£

 

Final dividend of £27,000.00 per ordinary share

 

27,000

 
       

9

Related party transactions

 

Gentle Plan Ltd

Notes to the Unaudited Financial Statements for the Period from 9 August 2023 to 31 August 2024

Director's remuneration

The director's remuneration for the period was as follows:

2024
£

Remuneration

8,380