1 November 2023 false Taxfiler 2024.6 4243309business:PrivateLimitedCompanyLtd2023-11-012024-10-31 42433092023-10-31 42433092023-11-012024-10-31 4243309business:AuditExemptWithAccountantsReport2023-11-012024-10-31 4243309business:FilletedAccounts2023-11-012024-10-31 42433092024-10-31 4243309business:Director12023-11-012024-10-31 4243309business:Director22023-11-012024-10-31 4243309business:RegisteredOffice2023-11-012024-10-31 42433092023-10-31 4243309core:WithinOneYear2024-10-31 4243309core:WithinOneYear2023-10-31 4243309core:AfterOneYear2024-10-31 4243309core:AfterOneYear2023-10-31 4243309core:ShareCapitalcore:PreviouslyStatedAmount2024-10-31 4243309core:ShareCapitalcore:PreviouslyStatedAmount2023-10-31 4243309core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-10-31 4243309core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-10-31 4243309core:PreviouslyStatedAmount2024-10-31 4243309core:PreviouslyStatedAmount2023-10-31 4243309business:SmallEntities2023-11-012024-10-31 4243309countries:EnglandWales2023-11-012024-10-31 4243309core:FurnitureFittings2023-11-012024-10-31 4243309core:FurnitureFittings2023-10-31 4243309core:FurnitureFittings2024-10-31 42433092022-11-012023-10-31 iso4217:GBP xbrli:pure
Company Registration No. 4243309 (England and Wales)
Plain Sailing Communications Limited Unaudited accounts for the year ended 31 October 2024
Plain Sailing Communications Limited Unaudited accounts Contents
Page
- 2 -
Plain Sailing Communications Limited Company Information for the year ended 31 October 2024
Directors
Mr M C Hart Mrs G Cooper
Company Number
4243309 (England and Wales)
Registered Office
15 SYCAMORE CLOSE EASTBOURNE EAST SUSSEX BN22 0SJ
Accountants
TMW Accounting Ltd, Chartered Accountants Lanesend Jordans Lane Sway Lymington Hampshire SO41 6AR
- 3 -
Plain Sailing Communications Limited Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,805 
7,837 
Current assets
Debtors
54,978 
55,782 
Cash at bank and in hand
51 
72 
55,029 
55,854 
Creditors: amounts falling due within one year
(41,255)
(39,555)
Net current assets
13,774 
16,299 
Total assets less current liabilities
20,579 
24,136 
Creditors: amounts falling due after more than one year
(2,708)
(5,344)
Net assets
17,871 
18,792 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
17,771 
18,692 
Shareholders' funds
17,871 
18,792 
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 16 May 2025 and were signed on its behalf by
Mrs G Cooper Director Company Registration No. 4243309
- 4 -
Plain Sailing Communications Limited Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
Plain Sailing Communications Limited is a private company, limited by shares, registered in England and Wales, registration number 4243309. The registered office is 15 SYCAMORE CLOSE, EASTBOURNE, EAST SUSSEX, BN22 0SJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed 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. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
40% net book value
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
- 5 -
Plain Sailing Communications Limited Notes to the Accounts for the year ended 31 October 2024
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 November 2023
33,563 
Additions
230 
At 31 October 2024
33,793 
Depreciation
At 1 November 2023
25,726 
Charge for the year
1,262 
At 31 October 2024
26,988 
Net book value
At 31 October 2024
6,805 
At 31 October 2023
7,837 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
3,037 
3,882 
Amounts due from group undertakings etc.
50,815 
50,815 
Other debtors
1,126 
1,085 
54,978 
55,782 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
19,084 
20,249 
Trade creditors
13,881 
12,094 
Taxes and social security
1,439 
828 
Other creditors
6,188 
5,721 
Loans from directors
663 
663 
41,255 
39,555 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
2,708 
5,344 
8
Transactions with related parties
Mrs G Cooper, a director of the company, has personally guaranteed the company's overdraft facility of £25,000.
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
- 6 -