Company registration number 06400537 (England and Wales)
PLATO GROUP INTERNATIONAL LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
PLATO GROUP INTERNATIONAL LIMITED
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 8
PLATO GROUP INTERNATIONAL LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
1,823
1
Investments
5
154,926
154,926
156,749
154,927
Current assets
Debtors
6
314,284
680,199
Cash at bank and in hand
583,124
841,659
897,408
1,521,858
Creditors: amounts falling due within one year
7
(1,812,953)
(2,561,597)
Net current liabilities
(915,545)
(1,039,739)
Net liabilities
(758,796)
(884,812)
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(758,896)
(884,912)
Total equity
(758,796)
(884,812)

The notes on pages 3 to 8 form part of these financial statements.

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

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 28 April 2025
Mr R  Looije
Director
Company registration number 06400537 (England and Wales)
PLATO GROUP INTERNATIONAL LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024
- 2 -
Share capital
Profit and loss reserves
Total
£
£
£
Balance at 1 January 2023
100
(945,156)
(945,056)
Year ended 31 December 2023:
Profit and total comprehensive income
-
60,244
60,244
Balance at 31 December 2023
100
(884,912)
(884,812)
Year ended 31 December 2024:
Profit and total comprehensive income
-
126,016
126,016
Balance at 31 December 2024
100
(758,896)
(758,796)

The notes on pages 3 to 8 form part of these financial statements.

PLATO GROUP INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 3 -
1
Accounting policies
Company information

Plato Group International Limited is a private company limited by shares incorporated in England and Wales. The registered office is 2 Regan Way, Beeston, Nottingham, United Kingdom, NG9 6RZ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 402 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that it's only subsidiary, Clipper Gifts Limited, is exempt from being consolidated under section 405 of the Companies Act 206 as it is not material to the group. The financial statements present information about the company as an individual entity and not about its group.

1.2
Going concern

At the time of approving these financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis in preparing these financial statements.true

 

The company has net current liabilities of £915,545 (2023: £1,039,739), net liabilities of £758,796 (2023: £884,812) and cash reserves of £583,124 (2023: £841,659). Current liabilities include group liabilities totalling £1,534,015 (2023: £2,280,242). The company's ultimate parent undertaking has confirmed that the group will not demand repayment of the related party creditors within the next 12 months and it will continue to financially support the company such that it can continue to meet its liabilities as and when they fall due for a period of at least 12 months from the date of signing of these financial statements. Whilst this confirmation is not legally binding, it indicates the parent company's intention.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

PLATO GROUP INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 4 -
1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
20% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks.

1.7
Financial instruments

The company only has financial instruments that are classified as basic financial instruments

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

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 less impairment.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity.

PLATO GROUP INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 5 -
Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors and loans from fellow group are initially recognised at transaction price and subsequently measured at amortised cost.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.10
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.11
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

1.12
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

PLATO GROUP INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 6 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

 

The directors have not identified any estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023 Restated
Number
Number
Total
2
3

The comparative figure has been restated to include director.

PLATO GROUP INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 7 -
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2024
1,465
Additions
2,279
At 31 December 2024
3,744
Depreciation and impairment
At 1 January 2024
1,464
Depreciation charged in the year
457
At 31 December 2024
1,921
Carrying amount
At 31 December 2024
1,823
At 31 December 2023
1
5
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
154,926
154,926
6
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
291,996
657,332
Prepayments and accrued income
22,288
22,867
314,284
680,199
PLATO GROUP INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 8 -
7
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
103,880
148,557
Amounts owed to group undertakings
1,534,015
2,280,242
Taxation and social security
42,376
20,943
Other creditors
38,867
49,288
Accruals and deferred income
93,815
62,567
1,812,953
2,561,597

The comparative figure has been restated to reclassify deferred income from other creditors.

8
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

Senior Statutory Auditor:
Colin Wright
Statutory Auditor:
UHY Hacker Young
Date of audit report:
2 May 2025
9
Related party transactions

The company has taken advantage of the exemption from disclosing transactions with entities which are part of the wholly owned group.

10
Parent company

The company's ultimate holding company is Plato B.V., a company registered in The Netherlands.

 

The parent undertaking of both the smallest and largest group within which the company belongs and for which consolidated financial statements are prepared is Plato B.V. who registered office is Haverdijk 5, NL-5704 RC Helmond, The Netherlands. The consolidated accounts are publicly available from the Dutch chamber of commerce and listed on the Dutch commercial register under number 17066765.

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