0 false false false false false false false false false false true false false false false false false No description of principal activity 2024-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 63,850 47,161 16,689 63,850 16,689 xbrli:pure xbrli:shares iso4217:GBP 10357128 2024-04-01 2025-03-31 10357128 2025-03-31 10357128 2024-03-31 10357128 2023-04-01 2024-03-31 10357128 2024-03-31 10357128 2023-03-31 10357128 core:NetGoodwill 2024-04-01 2025-03-31 10357128 bus:Director1 2024-04-01 2025-03-31 10357128 core:NetGoodwill 2024-03-31 10357128 core:NetGoodwill 2025-03-31 10357128 core:WithinOneYear 2025-03-31 10357128 core:WithinOneYear 2024-03-31 10357128 core:ShareCapital 2025-03-31 10357128 core:ShareCapital 2024-03-31 10357128 core:RetainedEarningsAccumulatedLosses 2025-03-31 10357128 core:RetainedEarningsAccumulatedLosses 2024-03-31 10357128 core:NetGoodwill 2024-03-31 10357128 bus:SmallEntities 2024-04-01 2025-03-31 10357128 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 10357128 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 10357128 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 10357128 bus:FullAccounts 2024-04-01 2025-03-31
COMPANY REGISTRATION NUMBER: 10357128
Plan4Life (Holdings) Limited
Filleted Unaudited Financial Statements
31 March 2025
Plan4Life (Holdings) Limited
Financial Statements
Year ended 31 March 2025
Contents
Page
Statement of financial position
1
Notes to the financial statements
2
Plan4Life (Holdings) Limited
Statement of Financial Position
31 March 2025
2025
2024
Note
£
£
Fixed assets
Intangible assets
4
16,689
Current assets
Cash at bank and in hand
8,628
3,841
Creditors: amounts falling due within one year
5
5,627
8,636
-------
-------
Net current assets/(liabilities)
3,001
( 4,795)
-------
--------
Total assets less current liabilities
3,001
11,894
-------
--------
Net assets
3,001
11,894
-------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
2,901
11,794
-------
--------
Shareholders funds
3,001
11,894
-------
--------
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 income and retained earnings has not been delivered.
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 7 April 2025 , and are signed on behalf of the board by:
Mr L Whiteside
Director
Company registration number: 10357128
Plan4Life (Holdings) Limited
Notes to the Financial Statements
Year ended 31 March 2025
1. General information
Plan4Life (Holdings) Limited is a private company limited by shares, registered in the United Kingdom number 10357128 . Its registered office is 35 Mayfield Avenue, Springhead, Saddleworth, , England OL4 4SH. The principal activity of the company during the period was the holding and provision of financial services data and leads.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
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.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, 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.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
10% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
4. Intangible assets
Goodwill
£
Cost
At 1 April 2024 and 31 March 2025
63,850
--------
Amortisation
At 1 April 2024
47,161
Charge for the year
16,689
--------
At 31 March 2025
63,850
--------
Carrying amount
At 31 March 2025
--------
At 31 March 2024
16,689
--------
5. Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
1,670
Social security and other taxes
4,911
6,250
Other creditors
716
716
-------
-------
5,627
8,636
-------
-------
6. Related party transactions
The company was under the control of Mr L Whiteside throughout the current and previous year. Mr L Whiteside is the managing director and majority shareholder. Ceased Trading 31.03.2025.