Company Registration No. 07313967 (England and Wales)
Plan IT Support Limited
Unaudited accounts
for the year ended 31 July 2024
Plan IT Support Limited
Unaudited accounts
Contents
Plan IT Support Limited
Company Information
for the year ended 31 July 2024
Company Number
07313967 (England and Wales)
Registered Office
Office 4, Brook House
399 Rayleigh Road
Leigh-on-Sea
Essex
SS9 5JG
England
Accountants
SilverstoneBKS Limited
127 Raphael Drive
Shoeburyness
Southend On Sea
Essex
SS3 9UR
Plan IT Support Limited
Statement of financial position
as at 31 July 2024
Intangible assets
30,000
30,000
Tangible assets
24,418
2,691
Cash at bank and in hand
56,475
76,363
Creditors: amounts falling due within one year
(73,266)
(55,951)
Net current assets
28,254
64,057
Total assets less current liabilities
82,672
96,748
Creditors: amounts falling due after more than one year
(9,924)
(19,616)
Called up share capital
2
2
Profit and loss account
72,746
77,130
Shareholders' funds
72,748
77,132
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 24 February 2025 and were signed on its behalf by
Andrew Argyle
Director
Company Registration No. 07313967
Plan IT Support Limited
Notes to the Accounts
for the year ended 31 July 2024
Plan IT Support Limited is a private company, limited by shares, registered in England and Wales, registration number 07313967. The registered office is Office 4, Brook House, 399 Rayleigh Road, Leigh-on-Sea, Essex, SS9 5JG, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing balance
Motor vehicles
20% Straight line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Plan IT Support Limited
Notes to the Accounts
for the year ended 31 July 2024
During the current financial year, the company identified an error in the Trade Debtors for the year ended 31st July 2023.
As per FRS 102 / IFRS, this has been corrected retrospectively by adjusting the retained earnings as of 31st July 2023.
The impact of the adjustment is summarized as follows:
Effect on Financial Statements
As Previously Stated (£)
Retained Earnings (Opening) 73,313
Profit for the Year 35,012
Net Assets 60,242
Adjustment (£)
Retained Earnings (Opening) 3,815
Profit for the Year 0
Net Assets 3,815
Restated (£)
Retained Earnings (Opening) 77,130
Profit for the Year 35 012
Net Assets 64,057
This adjustment has not affected the current year’s profit and loss account, and the figures presented for the previous year have been restated accordingly.
4
Intangible fixed assets
Other
Plan IT Support Limited
Notes to the Accounts
for the year ended 31 July 2024
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 August 2023
6,068
-
6,068
At 31 July 2024
6,068
22,353
28,421
At 1 August 2023
3,377
-
3,377
Charge for the year
626
-
626
At 31 July 2024
4,003
-
4,003
At 31 July 2024
2,065
22,353
24,418
At 31 July 2023
2,691
-
2,691
Amounts falling due within one year
Trade debtors
42,347
40,104
Accrued income and prepayments
698
946
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
10,588
10,835
Trade creditors
16,439
18,426
Taxes and social security
11,486
8,218
Proposed dividends
20,000
-
8
Creditors: amounts falling due after more than one year
2024
2023
9
Average number of employees
During the year the average number of employees was 4 (2023: 4).