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REGISTERED NUMBER: 08488657 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

PLANSOUTHAMERICA LIMITED

PLANSOUTHAMERICA LIMITED (REGISTERED NUMBER: 08488657)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PLANSOUTHAMERICA LIMITED

COMPANY INFORMATION
for the year ended 30 September 2024







DIRECTOR: H L Hastings





REGISTERED OFFICE: 17 St Peters Place
Fleetwood
Lancashire
FY7 6EB





REGISTERED NUMBER: 08488657 (England and Wales)





ACCOUNTANTS: Jones Harris Limited
17 St Peters Place
Fleetwood
Lancashire
FY7 6EB

PLANSOUTHAMERICA LIMITED (REGISTERED NUMBER: 08488657)

BALANCE SHEET
30 September 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,272 2,840
2,272 2,840

CURRENT ASSETS
Debtors 6 1,087,547 862,774
Cash at bank 114,592 326,872
1,202,139 1,189,646
CREDITORS
Amounts falling due within one year 7 (984,197 ) (855,196 )
NET CURRENT ASSETS 217,942 334,450
TOTAL ASSETS LESS CURRENT
LIABILITIES

220,214

337,290

CREDITORS
Amounts falling due after more than one
year

8

(28,070

)

(33,750

)

PROVISIONS FOR LIABILITIES (432 ) (540 )
NET ASSETS 191,712 303,000

CAPITAL AND RESERVES
Called up share capital 30,100 30,100
Retained earnings 161,612 272,900
191,712 303,000

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

PLANSOUTHAMERICA LIMITED (REGISTERED NUMBER: 08488657)

BALANCE SHEET - continued
30 September 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 April 2025 and were signed by:





H L Hastings - Director


PLANSOUTHAMERICA LIMITED (REGISTERED NUMBER: 08488657)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 September 2024

1. STATUTORY INFORMATION

Plansouthamerica 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.

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.

Going concern
The directors are satisfied at the time of approving the financial statements that the company has adequate resources to continue to operate for the foreseeable future and as such, continues to adopt the going concern basis in preparing the financial statements.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

PLANSOUTHAMERICA LIMITED (REGISTERED NUMBER: 08488657)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 3 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 180,000
AMORTISATION
At 1 October 2023
and 30 September 2024 180,000
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 October 2023
and 30 September 2024 2,200 879 10,749 13,828
DEPRECIATION
At 1 October 2023 1,755 438 8,795 10,988
Charge for year 89 89 390 568
At 30 September 2024 1,844 527 9,185 11,556
NET BOOK VALUE
At 30 September 2024 356 352 1,564 2,272
At 30 September 2023 445 441 1,954 2,840

PLANSOUTHAMERICA LIMITED (REGISTERED NUMBER: 08488657)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,079,081 674,072
Tax - 17,255
VAT 8,466 5,337
Prepayments - 166,110
1,087,547 862,774

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,434 5,000
Trade creditors 724,931 372,962
Tax 12,205 43,594
Other creditors 72 -
Directors' current accounts 12,985 949
Accruals and deferred income 228,570 432,691
984,197 855,196

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 28,070 33,750

Bank loans outstanding at the year end amounted to £33,504 (2023 - £38,750) and include instalments due after more than five years of £4,924 (2023 - £13,750).

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

2024 2023
£    £   
H L Hastings
Balance outstanding at start of year - -
Amounts advanced 112,805 59,154
Amounts repaid (112,805 ) (59,154 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £154,000 (2023 - £100,000) were paid to the director .