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REGISTERED NUMBER: 08058167 (England and Wales)


















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

PLANIT PLANNING AND DEVELOPMENT LIMITED

PLANIT PLANNING AND DEVELOPMENT LIMITED (REGISTERED NUMBER: 08058167)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


PLANIT PLANNING AND DEVELOPMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: J Williams
P H Williams





REGISTERED OFFICE: Fulford House
Newbold Terrace
Leamington Spa
Warwickshire
CV32 4EA





REGISTERED NUMBER: 08058167 (England and Wales)





ACCOUNTANTS: TGFP
Chartered Accountants
Fulford House
Newbold Terrace
Leamington Spa
Warwickshire
CV32 4EA

PLANIT PLANNING AND DEVELOPMENT LIMITED (REGISTERED NUMBER: 08058167)

STATEMENT OF FINANCIAL POSITION
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 33,087 44,234
Investments 5 15,001 15,001
48,088 59,235

CURRENT ASSETS
Debtors 6 34,857 37,883
Cash at bank 82,854 240,074
117,711 277,957
CREDITORS
Amounts falling due within one year 7 74,988 143,688
NET CURRENT ASSETS 42,723 134,269
TOTAL ASSETS LESS CURRENT
LIABILITIES

90,811

193,504

PROVISIONS FOR LIABILITIES 6,287 11,059
NET ASSETS 84,524 182,445

CAPITAL AND RESERVES
Called up and paid share capital 100 100
Retained earnings 84,424 182,345
SHAREHOLDERS' FUNDS 84,524 182,445

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

PLANIT PLANNING AND DEVELOPMENT LIMITED (REGISTERED NUMBER: 08058167)

STATEMENT OF FINANCIAL POSITION - continued
31 MAY 2024


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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 February 2025 and were signed on its behalf by:





P H Williams - Director


PLANIT PLANNING AND DEVELOPMENT LIMITED (REGISTERED NUMBER: 08058167)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

PlanIT Planning and Development Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is represented by net sales of services, excluding valued added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 33% on cost
Motor vehicles - 25% on reducing balance

Financial instruments
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Taxation
Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

PLANIT PLANNING AND DEVELOPMENT LIMITED (REGISTERED NUMBER: 08058167)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Fixed asset investments
Fixed asset investments are held at historical cost.

Related party disclosures
Included in other debtors are amounts owing of £26,934 (2023: £27,352) from a company under the control of the directors. The loans are interest free and repayable on demand.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023
and 31 May 2024 69,738
DEPRECIATION
At 1 June 2023 25,504
Charge for year 11,147
At 31 May 2024 36,651
NET BOOK VALUE
At 31 May 2024 33,087
At 31 May 2023 44,234

5. FIXED ASSET INVESTMENTS

2024 2023
£    £   
Participating interests 1 1
Other investments not loans 15,000 15,000
15,001 15,001

PLANIT PLANNING AND DEVELOPMENT LIMITED (REGISTERED NUMBER: 08058167)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


5. FIXED ASSET INVESTMENTS - continued

Additional information is as follows:
Interest
in
associate
£   
COST
At 1 June 2023
and 31 May 2024 1
NET BOOK VALUE
At 31 May 2024 1
At 31 May 2023 1

Investments (neither listed nor unlisted) were as follows:
2024 2023
£    £   
Land 15,000 15,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 7,923 10,531
Amounts owed by associates 26,934 27,352
34,857 37,883

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 6,119 18,661
Other creditors 68,869 125,027
74,988 143,688