Registered number
09965175
Plus Accounting 2017 Ltd
Unaudited Filleted Accounts and Notes
For the year ended
30 June 2024
Plus Accounting 2017 Ltd
Registered number: 09965175
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 4,436 3,532
Current assets
Debtors 4 42,281 39,971
Cash at bank and in hand 3,536 4,891
45,817 44,862
Creditors: amounts falling due within one year 5 (45,504) (48,750)
Net current assets/(liabilities) 313 (3,888)
Total assets less current liabilities 4,749 (356)
Creditors: amounts falling due after more than one year 6 (5,008) (4,872)
Net liabilities (259) (5,228)
Capital and reserves
Called up share capital 10 10
Profit and loss account (269) (5,238)
Shareholders' funds (259) (5,228)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Bhanu Patel
Director
Approved by the board on 26 February 2025
Plus Accounting 2017 Ltd
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 4 years
Fixtures, fittings, tools and equipment over 4 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2023 9,964
Additions 1,955
At 30 June 2024 11,919
Depreciation
At 1 July 2023 6,432
Charge for the year 1,051
At 30 June 2024 7,483
Net book value
At 30 June 2024 4,436
At 30 June 2023 3,532
4 Debtors 2024 2023
£ £
Trade debtors 24,473 22,727
Other debtors 17,808 17,244
42,281 39,971
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts - 3,252
Trade creditors 970 2,267
Taxation and social security costs 4,651 3,054
Other creditors 39,883 40,177
45,504 48,750
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 5,008 4,872
7 Other information
Plus Accounting 2017 Ltd is a private company limited by shares and incorporated in England. Its registered office is:
4 Laurel Park
Harrow
HA3 6AU
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