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REGISTERED NUMBER: 09262696 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

PLANET 360 LIMITED

PLANET 360 LIMITED (REGISTERED NUMBER: 09262696)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


PLANET 360 LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr T G Cary
Mrs J Cary
Mr M L Shand





REGISTERED OFFICE: 65 Shirley Gardens
Rusthall
Tunbridge Wells
Kent
TN4 8TH





REGISTERED NUMBER: 09262696 (England and Wales)





ACCOUNTANTS: Acuity Professional Partnership LLP
Unit 2.02 High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES

PLANET 360 LIMITED (REGISTERED NUMBER: 09262696)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,536 1,371

CURRENT ASSETS
Debtors 5 108,249 187,060
Cash at bank 231,940 225,833
340,189 412,893
CREDITORS
Amounts falling due within one year 6 222,351 347,522
NET CURRENT ASSETS 117,838 65,371
TOTAL ASSETS LESS CURRENT
LIABILITIES

119,374

66,742

CREDITORS
Amounts falling due after more than one
year

7

30,833

35,833
NET ASSETS 88,541 30,909

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 88,441 30,809
SHAREHOLDERS' FUNDS 88,541 30,909

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.

PLANET 360 LIMITED (REGISTERED NUMBER: 09262696)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 October 2024 and were signed on its behalf by:





Mr T G Cary - Director


PLANET 360 LIMITED (REGISTERED NUMBER: 09262696)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Planet 360 Limited 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.

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.

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

TANGIBLE FIXED ASSETS
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 cost
Computer equipment - 25% on cost

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 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
Cost
At 1 April 2023 4,959 2,276 7,235
Additions 2,926 540 3,466
Disposals (2,691 ) - (2,691 )
At 31 March 2024 5,194 2,816 8,010
Depreciation
At 1 April 2023 4,584 1,280 5,864
Charge for year 320 458 778
Eliminated on disposal (168 ) - (168 )
At 31 March 2024 4,736 1,738 6,474
Net book value
At 31 March 2024 458 1,078 1,536
At 31 March 2023 375 996 1,371

PLANET 360 LIMITED (REGISTERED NUMBER: 09262696)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 63,354 107,308
Other debtors 44,895 79,752
108,249 187,060

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts (see note 8) 5,000 6,560
Trade creditors 143,161 165,146
Taxation and social security 58,747 42,053
Other creditors 15,443 133,763
222,351 347,522

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans (see note 8) 30,833 35,833

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 10,833 15,833

8. LOANS

An analysis of the maturity of loans is given below:

31.3.24 31.3.23
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts - 1,560
Bank loans 5,000 5,000
5,000 6,560

Amounts falling due between one and two years:
Bank loans - 1-2 years 5,000 5,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 15,000 15,000

Amounts falling due in more than five years:

PLANET 360 LIMITED (REGISTERED NUMBER: 09262696)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


8. LOANS - continued
31.3.24 31.3.23
£    £   
Amounts falling due in more than five years:
Repayable by instalments
Bank loans more 5 yr by instal 10,833 15,833

9. CALLED UP SHARE CAPITAL

Allotted, Issues and fully paid:

Number: Class: Nominal 2021 2020
value £ £    £   
25 Ordinary shares of 1 25 25
25 Ordinary class A shares of 1 25 25
25 Ordinary class B shares of 1 25 25
25 Ordinary class C shares of 1 25 25
100 100