Company registration number 03823269 (England and Wales)
PLANET NUMBERS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 AUGUST 2024
PAGES FOR FILING WITH REGISTRAR
10 Bridge Street
Christchurch
Dorset
BH23 1EF
PLANET NUMBERS LIMITED
CONTENTS
Page
Company information
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 8
PLANET NUMBERS LIMITED
COMPANY INFORMATION
- 1 -
Directors
Mr R G James
Mrs K H James
Mr. A Deutsch
(Appointed 30 November 2023)
Secretary
Mrs K H James
Company number
03823269
Registered office
23 Hinton Road
Bournemouth
Dorset
BH1 2EF
Accountants
TC Group
10 Bridge Street
Christchurch
Dorset
BH23 1EF
PLANET NUMBERS LIMITED
BALANCE SHEET
AS AT
31 AUGUST 2024
31 August 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Intangible assets
3
5,950
1,830
Tangible assets
4
27,306
27,813
33,256
29,643
Current assets
Debtors
5
117,813
121,386
Cash at bank and in hand
215,695
312,986
333,508
434,372
Creditors: amounts falling due within one year
6
(157,858)
(255,356)
Net current assets
175,650
179,016
Total assets less current liabilities
208,906
208,659
Provisions for liabilities
(6,827)
(5,285)
Net assets
202,079
203,374
Capital and reserves
Called up share capital
10
10
Profit and loss reserves
202,069
203,364
Total equity
202,079
203,374
PLANET NUMBERS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 AUGUST 2024
31 August 2024
- 3 -

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 28 January 2025 and are signed on its behalf by:
Mr R G James
Director
Company Registration No. 03823269
PLANET NUMBERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
- 4 -
1
Accounting policies
Company information

Planet Numbers Limited is a private company limited by shares incorporated in England and Wales. The registered office is 23 Hinton Road, Bournemouth, Dorset, BH1 2EF.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest pound.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

In common with previous years, no adjustment has been made for deferred income received in advance.

1.3
Intangible fixed assets - goodwill

Goodwill is amortised over its estimated useful life of 10 years.

1.4
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

 

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Patents & licences
Nil/ 25% reducing balance
1.5
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
PLANET NUMBERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
1
Accounting policies
(Continued)
- 5 -

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
25% on reducing balance
Fixtures and fittings
25% on reducing balance
Computer equipment
25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

 

PLANET NUMBERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
1
Accounting policies
(Continued)
- 6 -
1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

1.11
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
7
7
3
Intangible fixed assets
Goodwill
Patents & licences
Total
£
£
£
Cost
At 1 September 2023
16,000
1,830
17,830
Additions - internally developed
-
0
5,494
5,494
At 31 August 2024
16,000
7,324
23,324
Amortisation and impairment
At 1 September 2023
16,000
-
0
16,000
Amortisation charged for the year
-
0
1,374
1,374
At 31 August 2024
16,000
1,374
17,374
Carrying amount
At 31 August 2024
-
0
5,950
5,950
At 31 August 2023
-
0
1,830
1,830
PLANET NUMBERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 7 -
4
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Computer equipment
Total
£
£
£
£
Cost
At 1 September 2023
16,999
14,789
128,310
160,098
Additions
-
0
-
0
9,409
9,409
Disposals
-
0
-
0
(3,054)
(3,054)
At 31 August 2024
16,999
14,789
134,665
166,453
Depreciation and impairment
At 1 September 2023
9,828
13,788
108,669
132,285
Depreciation charged in the year
1,793
250
6,385
8,428
Eliminated in respect of disposals
-
0
-
0
(1,566)
(1,566)
At 31 August 2024
11,621
14,038
113,488
139,147
Carrying amount
At 31 August 2024
5,378
751
21,177
27,306
At 31 August 2023
7,171
1,001
19,641
27,813
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
23,644
28,986
Other debtors
10,655
15,824
Prepayments and accrued income
83,514
76,576
117,813
121,386
6
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
11,693
20,895
Taxation and social security
18,043
22,727
Other creditors
128,122
211,734
157,858
255,356
PLANET NUMBERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 8 -
7
Operating lease commitments

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2024
2023
£
£
29,900
55,200
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