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REGISTERED NUMBER: 04396716 (England and Wales)


















Plus 15 Limited

Unaudited Financial Statements

for the Period

1st September 2023 to 31st May 2024






Plus 15 Limited (Registered number: 04396716)






Contents of the Financial Statements
for the Period 1st September 2023 to 31st May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Plus 15 Limited

Company Information
for the Period 1st September 2023 to 31st May 2024







DIRECTORS: P W Wormall
K Foster
J A Lack
G M Walker





REGISTERED OFFICE: 12 Bridgford Road
West Bridgford
Nottingham
NG2 6AB





REGISTERED NUMBER: 04396716 (England and Wales)





ACCOUNTANTS: Brooks Mayfield Limited
Chartered Accountants
12 Bridgford Road
West Bridgford
Nottinghamshire
NG2 6AB

Plus 15 Limited (Registered number: 04396716)

Balance Sheet
31st May 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 52,775 58,787

CURRENT ASSETS
Stocks 30,730 -
Debtors 6 3,023,337 633,071
Cash at bank and in hand 931,383 2,639,841
3,985,450 3,272,912
CREDITORS
Amounts falling due within one year 7 (1,260,078 ) (949,678 )
NET CURRENT ASSETS 2,725,372 2,323,234
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,778,147

2,382,021

PROVISIONS FOR LIABILITIES (4,305 ) (4,096 )
NET ASSETS 2,773,842 2,377,925

CAPITAL AND RESERVES
Called up share capital 8 100 100
Share premium 7,190 7,190
Retained earnings 2,766,552 2,370,635
SHAREHOLDERS' FUNDS 2,773,842 2,377,925

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31st May 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.

Plus 15 Limited (Registered number: 04396716)

Balance Sheet - continued
31st May 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 13th November 2024 and were signed on its behalf by:





J A Lack - Director


Plus 15 Limited (Registered number: 04396716)

Notes to the Financial Statements
for the Period 1st September 2023 to 31st May 2024

1. STATUTORY INFORMATION

Plus 15 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.
Land and buildings - 15% on reducing balance
Plant and machinery etc - 33% on cost and 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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.

Plus 15 Limited (Registered number: 04396716)

Notes to the Financial Statements - continued
for the Period 1st September 2023 to 31st May 2024

3. ACCOUNTING POLICIES - continued

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 21 (2023 - 21 ) .

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st September 2023 44,321 128,859 173,180
Additions - 7,426 7,426
At 31st May 2024 44,321 136,285 180,606
DEPRECIATION
At 1st September 2023 16,251 98,142 114,393
Charge for period 4,210 9,228 13,438
At 31st May 2024 20,461 107,370 127,831
NET BOOK VALUE
At 31st May 2024 23,860 28,915 52,775
At 31st August 2023 28,070 30,717 58,787

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 717,819 468,694
Other debtors 2,305,518 164,377
3,023,337 633,071

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 331,117 246,875
Taxation and social security 387,798 356,484
Other creditors 541,163 346,319
1,260,078 949,678

Plus 15 Limited (Registered number: 04396716)

Notes to the Financial Statements - continued
for the Period 1st September 2023 to 31st May 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100