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REGISTERED NUMBER: 07826029 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

1PLEX LIMITED

1PLEX LIMITED (REGISTERED NUMBER: 07826029)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


1PLEX LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: J Rushton
W Talbot





REGISTERED OFFICE: First Floor Unit
4 Stow Court
Stow-Cum-Quy
Cambridge
CB25 9AS





REGISTERED NUMBER: 07826029 (England and Wales)





ACCOUNTANTS: Prentis & Co LLP
Chartered Accountants
115c Milton Road
Cambridge
CB4 1XE

1PLEX LIMITED (REGISTERED NUMBER: 07826029)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 786,311 803,824
Investments 5 498,291 536,392
1,284,602 1,340,216

CURRENT ASSETS
Debtors 6 1,142,398 649,692
Cash at bank 100,929 249,829
1,243,327 899,521
CREDITORS
Amounts falling due within one year 7 323,809 259,442
NET CURRENT ASSETS 919,518 640,079
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,204,120

1,980,295

CREDITORS
Amounts falling due after more than one
year

8

-

(6,981

)

PROVISIONS FOR LIABILITIES (31,049 ) (15,343 )
NET ASSETS 2,173,071 1,957,971

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,172,971 1,957,871
SHAREHOLDERS' FUNDS 2,173,071 1,957,971

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

1PLEX LIMITED (REGISTERED NUMBER: 07826029)

BALANCE SHEET - continued
31 JULY 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 April 2025 and were signed on its behalf by:





J Rushton - Director


1PLEX LIMITED (REGISTERED NUMBER: 07826029)

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

1. STATUTORY INFORMATION

1Plex 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 25% on cost
Motor vehicles - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

1PLEX LIMITED (REGISTERED NUMBER: 07826029)

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

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 August 2023 784,458 111,886 67,964 964,308
Additions 10,758 2,362 15,799 28,919
At 31 July 2024 795,216 114,248 83,763 993,227
DEPRECIATION
At 1 August 2023 52,667 86,923 20,894 160,484
Charge for year 18,700 9,094 18,638 46,432
At 31 July 2024 71,367 96,017 39,532 206,916
NET BOOK VALUE
At 31 July 2024 723,849 18,231 44,231 786,311
At 31 July 2023 731,791 24,963 47,070 803,824

5. FIXED ASSET INVESTMENTS
Listed
investments
£   
COST OR VALUATION
At 1 August 2023 536,392
Additions 11,339
Revaluations 50,560
Reclassification/transfer (100,000 )
At 31 July 2024 498,291
NET BOOK VALUE
At 31 July 2024 498,291
At 31 July 2023 536,392

Cost or valuation at 31 July 2024 is represented by:

Listed
investments
£   
Valuation in 2024 50,560
Cost 447,731
498,291

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 437,066 424,652
Other debtors 705,332 225,040
1,142,398 649,692

1PLEX LIMITED (REGISTERED NUMBER: 07826029)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 6,981 11,967
Trade creditors 155,367 77,197
Tax 114,963 132,421
Social security and other taxes 2,983 3,052
VAT 14,297 8,587
Other creditors 25,819 23,218
Accrued expenses 3,399 3,000
323,809 259,442

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts - 6,981

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

An interest free loan of £142,717 was advanced to J Rushton, a director. The outstanding balance at the year end was £142,717.

10. ULTIMATE CONTROLLING PARTY

The controlling party is J Rushton.