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REGISTERED NUMBER: 05283700 (England and Wales)















Financial Statements for the Year Ended 30 November 2023

for

Planning Additions Limited

Planning Additions Limited (Registered number: 05283700)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


Planning Additions Limited (Registered number: 05283700)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £ £
Fixed assets
Tangible assets 4 115 154

Current assets
Debtors 5 840 840
Cash at bank 76,487 133,855
77,327 134,695
Creditors
Amounts falling due within one year 6 (48,918 ) (28,490 )
Net current assets 28,409 106,205
Total assets less current liabilities 28,524 106,359

Creditors
Amounts falling due after more than
one year

7

(20,000

)

(104,453

)

Provisions for liabilities 9 (36 ) (36 )
Net assets 8,488 1,870

Capital and reserves
Called up share capital 2 2
Retained earnings 10 8,486 1,868
Shareholders' funds 8,488 1,870

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Planning Additions Limited (Registered number: 05283700)

Balance Sheet - continued
30 November 2023


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 director and authorised for issue on 3 June 2024 and were signed by:





Abdul Sheikh - Director


Planning Additions Limited (Registered number: 05283700)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. Statutory information

Planning Additions Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 05283700

Registered office: 109 Bodley Road
New Malden
KT3 5QJ

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.

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.

3. Employees and directors

The average number of employees during the year was 3 (2022 - 2 ) .

Planning Additions Limited (Registered number: 05283700)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. Tangible fixed assets
Fixtures
and
fittings
£
Cost
At 1 December 2022
and 30 November 2023 3,558
Depreciation
At 1 December 2022 3,404
Charge for year 39
At 30 November 2023 3,443
Net book value
At 30 November 2023 115
At 30 November 2022 154

5. Debtors: amounts falling due within one year
30.11.23 30.11.22
£ £
Other debtors 840 840

6. Creditors: amounts falling due within one year
30.11.23 30.11.22
£ £
Corporation tax 3,913 592
Proposed dividends 10,000 6,000
Other creditors 33,781 20,674
Accrued expenses 1,224 1,224
48,918 28,490

7. Creditors: amounts falling due after more than one year
30.11.23 30.11.22
£ £
Bank loans (see note 8) 20,000 20,000
Directors' loan accounts - 84,453
20,000 104,453

Planning Additions Limited (Registered number: 05283700)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

8. Loans

An analysis of the maturity of loans is given below:

30.11.23 30.11.22
£ £
Amounts falling due between one and two years:
Bank loans > 1 year 20,000 20,000

9. Provisions for liabilities
30.11.23 30.11.22
£ £
Deferred tax
Other timing differences 36 36

Deferred tax
£
Balance at 1 December 2022
Prior year adjustment 36
As restated 36
Balance at 30 November 2023 36

10. Reserves
Retained
earnings
£

At 1 December 2022 1,868
Profit for the year 16,618
Dividends (10,000 )
At 30 November 2023 8,486