Company registration number:
08041010
PLAN B PROJECTS
Company limited by guarantee
Unaudited filleted financial statements
30 April 2024
PLAN B PROJECTS
Company limited by guarantee
Contents
Directors and other information
Statement of financial position
Statement of changes in equity
Notes to the financial statements
PLAN B PROJECTS
Company limited by guarantee
Directors and other information
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Directors |
Mrs Bola Iwenofu |
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Miss Chika Iwenofu |
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Secretary |
Chika Iwenofu |
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Company number |
08041010 |
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Registered office |
Unit 4 Addington Business Centre |
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Vulcan Way |
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New Addington |
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Croydon |
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CR0 9UG |
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Business address |
Unit 4 Addington Business Centre |
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Vulcan Way |
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New Addington |
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Croydon |
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CR0 9UG |
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PLAN B PROJECTS
Company limited by guarantee
Statement of financial position
30 April 2024
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2024 |
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2023 |
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Note |
£ |
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£ |
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£ |
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£ |
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Current assets |
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Debtors |
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5 |
56,314 |
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74,517 |
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Cash at bank and in hand |
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1,570 |
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3,614 |
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_______ |
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_______ |
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57,884 |
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78,131 |
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Creditors: amounts falling due |
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within one year |
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6 |
(
133,544) |
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(
105,787) |
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_______ |
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_______ |
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Net current liabilities |
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(
75,660) |
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(
27,656) |
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_______ |
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_______ |
Total assets less current liabilities |
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(
75,660) |
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(
27,656) |
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_______ |
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_______ |
Net liabilities |
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(
75,660) |
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(
27,656) |
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_______ |
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_______ |
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Capital and reserves |
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Profit and loss account |
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(
75,660) |
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(
27,656) |
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_______ |
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_______ |
Members deficit |
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(
75,660) |
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(
27,656) |
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_______ |
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_______ |
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For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
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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;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
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 comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
23 January 2025
, and are signed on behalf of the board by:
Mrs Bola Iwenofu
Director
Company registration number:
08041010
PLAN B PROJECTS
Company limited by guarantee
Statement of changes in equity
Year ended 30 April 2024
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Profit and loss account |
Total |
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£ |
£ |
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At 1 May 2022 |
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15,029 |
15,029 |
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Loss for the year |
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(
42,685) |
(
42,685) |
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_______ |
_______ |
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Total comprehensive income for the year |
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(
42,685) |
(
42,685) |
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_______ |
_______ |
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At 30 April 2023 and 1 May 2023 |
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(27,647) |
(27,647) |
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Loss for the year |
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(
48,013) |
(
48,013) |
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_______ |
_______ |
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Total comprehensive income for the year |
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(
48,013) |
(
48,013) |
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_______ |
_______ |
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At 30 April 2024 |
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(
75,660) |
(
75,660) |
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_______ |
_______ |
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PLAN B PROJECTS
Company limited by guarantee
Notes to the financial statements
Year ended 30 April 2024
1.
General information
The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is Unit 4 Addington Business Centre, Vulcan Way, New Addington, Croydon, CR0 9UG.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
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.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
4.
Limited by guarantee
The company is limited by guarantee and has no share capital. Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
5.
Debtors
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2024 |
2023 |
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£ |
£ |
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Other debtors |
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56,314 |
74,517 |
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_______ |
_______ |
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6.
Creditors: amounts falling due within one year
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2024 |
2023 |
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£ |
£ |
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Trade creditors |
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101,502 |
102,512 |
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Corporation tax |
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765 |
765 |
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Other creditors |
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31,277 |
2,510 |
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_______ |
_______ |
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133,544 |
105,787 |
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_______ |
_______ |
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7.
Government grants
8.
Financial instruments
Financial assets measured at fair value through profit or loss consist of fixed asset investments.