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REGISTERED NUMBER: 01949791 (England and Wales)







Unaudited Financial Statements

for the Year Ended 31 October 2024

for

Planstep Limited
T/A
Global Engineering Rochdale

Planstep Limited (Registered number: 01949791)
T/A Global Engineering Rochdale






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Planstep Limited
T/A Global Engineering Rochdale

Company Information
for the Year Ended 31 October 2024







DIRECTORS: C Taylor
A Taylor





SECRETARY: Mrs N Taylor





REGISTERED OFFICE: Corner House
28 Huddersfield Road
Newhey
Rochdale
Lancashire
OL16 3QF





REGISTERED NUMBER: 01949791 (England and Wales)





ACCOUNTANTS: Brian Gumbley Accountancy Services Ltd
Corner House
28 Huddersfield Road
Newhey
Rochdale
Lancashire
OL16 3QF

Planstep Limited (Registered number: 01949791)
T/A Global Engineering Rochdale

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 361,561 401,568

CURRENT ASSETS
Stocks 19,055 18,421
Debtors 5 101,968 97,136
Cash at bank and in hand 224,265 209,829
345,288 325,386
CREDITORS
Amounts falling due within one year 6 148,256 153,905
NET CURRENT ASSETS 197,032 171,481
TOTAL ASSETS LESS CURRENT
LIABILITIES

558,593

573,049

CREDITORS
Amounts falling due after more than
one year

7

(74,245

)

(125,969

)

PROVISIONS FOR LIABILITIES (68,113 ) (75,586 )
NET ASSETS 416,235 371,494

Planstep Limited (Registered number: 01949791)
T/A Global Engineering Rochdale

Balance Sheet - continued
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 160 160
Retained earnings 416,075 371,334
416,235 371,494

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

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 Board of Directors and authorised for issue on 23 December 2024 and were signed on its behalf by:





C Taylor - Director


Planstep Limited (Registered number: 01949791)
T/A Global Engineering Rochdale

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Planstep 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 - 10% on reducing balance
Motor vehicles - 20% on cost
Computer equipment - 10% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


Planstep Limited (Registered number: 01949791)
T/A Global Engineering Rochdale

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 10 (2023 - 10 ) .

Planstep Limited (Registered number: 01949791)
T/A Global Engineering Rochdale

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2023 1,086,477 14,300 6,654 1,107,431
Additions - - 166 166
At 31 October 2024 1,086,477 14,300 6,820 1,107,597
DEPRECIATION
At 1 November 2023 684,910 14,299 6,654 705,863
Charge for year 40,157 - 16 40,173
At 31 October 2024 725,067 14,299 6,670 746,036
NET BOOK VALUE
At 31 October 2024 361,410 1 150 361,561
At 31 October 2023 401,567 1 - 401,568

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.10.24 31.10.23
£    £   
Trade debtors 98,358 97,136
Other debtors 3,610 -
101,968 97,136

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.10.24 31.10.23
£    £   
Hire purchase contracts 49,182 49,182
Trade creditors 54,087 52,054
Tax 301 216
Social security and other taxes 4,241 5,659
VAT 19,034 17,133
Other creditors 7,278 6,919
Directors' current accounts 14,133 22,742
148,256 153,905

Planstep Limited (Registered number: 01949791)
T/A Global Engineering Rochdale

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
31.10.24 31.10.23
£    £   
Hire purchase contracts 74,245 125,969