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Company registration number: 06967653
Platinum Integrations Limited
Unaudited filleted financial statements
31 January 2025
Platinum Integrations Limited
Contents
Directors and other information
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Platinum Integrations Limited
Directors and other information
Directors Ms Olabambo Molade
Company number 06967653
Registered office 120 Pall Mall
London
SW1Y 5EA
Accountant Passer & Co
20 Sunningdale Close
Stanmore
HA7 3QL
Platinum Integrations Limited
Statement of financial position
31 January 2025
2025 2024
Note £ £ £ £
Fixed assets
Tangible assets 5 1 1
_______ _______
1 1
Current assets
Debtors 6 985 2,487
Cash at bank and in hand 859 796
_______ _______
1,844 3,283
Creditors: amounts falling due
within one year 7 ( 18,791) ( 16,888)
_______ _______
Net current liabilities ( 16,947) ( 13,605)
_______ _______
Total assets less current liabilities ( 16,946) ( 13,604)
_______ _______
Net liabilities ( 16,946) ( 13,604)
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account ( 17,046) ( 13,704)
_______ _______
Shareholders deficit ( 16,946) ( 13,604)
_______ _______
For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- 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;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 17 April 2025 , and are signed on behalf of the board by:
Ms Olabambo Molade
Director
Company registration number: 06967653
Platinum Integrations Limited
Statement of changes in equity
Year ended 31 January 2025
Called up share capital Profit and loss account Total
£ £ £
At 31 January 2022 100 ( 5,463) ( 5,363)
Loss for the year ( 8,241) ( 8,241)
_______ _______ _______
Total comprehensive income for the year - ( 8,241) ( 8,241)
_______ _______ _______
At 31 January 2024 and 1 February 2024 100 ( 13,704) ( 13,604)
Loss for the year ( 3,342) ( 3,342)
_______ _______ _______
Total comprehensive income for the year - ( 3,342) ( 3,342)
_______ _______ _______
At 31 January 2025 100 ( 17,046) ( 16,946)
_______ _______ _______
Platinum Integrations Limited
Notes to the financial statements
Year ended 31 January 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 120 Pall Mall, London, SW1Y 5EA.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery - 25 % reducing balance
Fittings fixtures and equipment - 25 % straight line
Motor vehicles - 25 % straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2024: 1 ).
5. Tangible assets
Fixtures, fittings and equipment Total
£ £
Cost
At 1 February 2024 and 31 January 2025 3,451 3,451
_______ _______
Depreciation
At 1 February 2024 and 31 January 2025 3,450 3,450
_______ _______
Carrying amount
At 31 January 2025 1 1
_______ _______
At 31 January 2024 1 1
_______ _______
6. Debtors
2025 2024
£ £
Trade debtors 402 1,534
Other debtors 583 953
_______ _______
985 2,487
_______ _______
7. Creditors: amounts falling due within one year
2025 2024
£ £
Trade creditors 4,856 4,824
Corporation tax - 897
Other creditors 13,935 11,167
_______ _______
18,791 16,888
_______ _______
8. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2025
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Ms Olabambo Molade ( 11,167) ( 2,768) ( 13,935)
_______ _______ _______
2024
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Ms Olabambo Molade ( 167) ( 11,000) ( 11,167)
_______ _______ _______
9. Controlling party
The Company is controlled by its Director by virtue of her share holding.