0 01/05/2023 30/04/2024 2024-04-30 false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2023-05-01 Sage Accounts Production 24.0 - FRS102_2024 xbrli:pure xbrli:shares iso4217:GBP 08041010 2023-05-01 2024-04-30 08041010 2024-04-30 08041010 2023-04-30 08041010 2022-05-01 2023-04-30 08041010 2023-04-30 08041010 2022-04-30 08041010 bus:RegisteredOffice 2023-05-01 2024-04-30 08041010 bus:LeadAgentIfApplicable 2023-05-01 2024-04-30 08041010 bus:Director1 2023-05-01 2024-04-30 08041010 bus:Director2 2023-05-01 2024-04-30 08041010 bus:CompanySecretary1 2023-05-01 2024-04-30 08041010 core:RetainedEarningsAccumulatedLosses 2022-05-01 2023-04-30 08041010 core:RetainedEarningsAccumulatedLosses 2023-05-01 2024-04-30 08041010 core:WithinOneYear 2024-04-30 08041010 core:WithinOneYear 2023-04-30 08041010 core:RetainedEarningsAccumulatedLosses 2024-04-30 08041010 core:RetainedEarningsAccumulatedLosses 2023-04-30 08041010 core:RetainedEarningsAccumulatedLosses 2022-04-30 08041010 bus:SmallEntities 2023-05-01 2024-04-30 08041010 bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 08041010 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 08041010 bus:CompanyLimitedByGuarantee 2023-05-01 2024-04-30 08041010 bus:FullAccounts 2023-05-01 2024-04-30
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
Directors Mrs Bola Iwenofu
Miss Chika Iwenofu
Secretary Chika Iwenofu
Company number 08041010
Registered office Unit 4 Addington Business Centre
Vulcan Way
New Addington
Croydon
CR0 9UG
Business address Unit 4 Addington Business Centre
Vulcan Way
New Addington
Croydon
CR0 9UG
Bankers Barclays Bank Plc
1 Churchill Place
London
E14 5HP
PLAN B PROJECTS
Company limited by guarantee
Statement of financial position
30 April 2024
2024 2023
Note £ £ £ £
Current assets
Debtors 5 56,314 74,517
Cash at bank and in hand 1,570 3,614
_______ _______
57,884 78,131
Creditors: amounts falling due
within one year 6 ( 133,544) ( 105,787)
_______ _______
Net current liabilities ( 75,660) ( 27,656)
_______ _______
Total assets less current liabilities ( 75,660) ( 27,656)
_______ _______
Net liabilities ( 75,660) ( 27,656)
_______ _______
Capital and reserves
Profit and loss account ( 75,660) ( 27,656)
_______ _______
Members deficit ( 75,660) ( 27,656)
_______ _______
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:
- 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 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
Profit and loss account Total
£ £
At 1 May 2022 15,029 15,029
Loss for the year ( 42,685) ( 42,685)
_______ _______
Total comprehensive income for the year ( 42,685) ( 42,685)
_______ _______
At 30 April 2023 and 1 May 2023 (27,647) (27,647)
Loss for the year ( 48,013) ( 48,013)
_______ _______
Total comprehensive income for the year ( 48,013) ( 48,013)
_______ _______
At 30 April 2024 ( 75,660) ( 75,660)
_______ _______
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
2024 2023
£ £
Other debtors 56,314 74,517
_______ _______
6. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 101,502 102,512
Corporation tax 765 765
Other creditors 31,277 2,510
_______ _______
133,544 105,787
_______ _______
7. Government grants
8. Financial instruments
Financial assets measured at fair value through profit or loss consist of fixed asset investments.