0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-02-01 Sage Accounts Production Advanced 2023 - FRS102_2023 488,356 488,356 488,356 xbrli:pure xbrli:shares iso4217:GBP 05683437 2023-02-01 2024-01-31 05683437 2024-01-31 05683437 2023-01-31 05683437 2022-02-01 2023-01-31 05683437 2023-01-31 05683437 2022-01-31 05683437 bus:Director1 2023-02-01 2024-01-31 05683437 core:WithinOneYear 2024-01-31 05683437 core:WithinOneYear 2023-01-31 05683437 core:AfterOneYear 2024-01-31 05683437 core:AfterOneYear 2023-01-31 05683437 core:ShareCapital 2024-01-31 05683437 core:ShareCapital 2023-01-31 05683437 core:RetainedEarningsAccumulatedLosses 2024-01-31 05683437 core:RetainedEarningsAccumulatedLosses 2023-01-31 05683437 core:LandBuildings 2024-01-31 05683437 core:LandBuildings 2023-01-31 05683437 bus:SmallEntities 2023-02-01 2024-01-31 05683437 bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 05683437 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 05683437 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 05683437 bus:FullAccounts 2023-02-01 2024-01-31
COMPANY REGISTRATION NUMBER: 05683437
PLUSPURCHASE LIMITED
Filleted Unaudited Financial Statements
31 January 2024
PLUSPURCHASE LIMITED
Statement of Financial Position
31 January 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
3
488,356
488,356
Current assets
Debtors
4
272
3,092
Cash at bank and in hand
38,890
34,419
--------
--------
39,162
37,511
Creditors: amounts falling due within one year
5
328,456
325,582
---------
---------
Net current liabilities
289,294
288,071
---------
---------
Total assets less current liabilities
199,062
200,285
Creditors: amounts falling due after more than one year
6
27,816
43,635
---------
---------
Net assets
171,246
156,650
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
171,146
156,550
---------
---------
Shareholders funds
171,246
156,650
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 January 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 financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
PLUSPURCHASE LIMITED
Statement of Financial Position (continued)
31 January 2024
These financial statements were approved by the board of directors and authorised for issue on 23 October 2024 , and are signed on behalf of the board by:
Mr M Hommel
Director
Company registration number: 05683437
PLUSPURCHASE LIMITED
Accounting Policies
Year ended 31 January 2024
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
PLUSPURCHASE LIMITED
Notes to the Financial Statements
Year ended 31 January 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 9 Temple Fortune Mansions, Bridge Lane, London, NW11 0QR.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Tangible assets
Land and buildings
£
Cost
At 1 February 2023 and 31 January 2024
488,356
---------
Depreciation
At 1 February 2023 and 31 January 2024
---------
Carrying amount
At 31 January 2024
488,356
---------
At 31 January 2023
488,356
---------
4. Debtors
2024
2023
£
£
Trade debtors
272
1,843
Prepayments and accrued income
1,249
----
-------
272
3,092
----
-------
5. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
15,566
14,673
Trade creditors
686
1,276
Corporation tax
3,196
2,413
Credit card
(168)
Other creditors
309,008
307,388
---------
---------
328,456
325,582
---------
---------
6. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
27,816
43,635
--------
--------
7. Related party transactions
The company was under the control of Mr M Hommel throughout the current and previous year. Mr M Hommel is the managing director and majority shareholder.