Registered number
04725180
PLATTS LIMITED
Filleted Accounts
31 March 2025
PLATTS LIMITED
Registered number: 04725180
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 189,015 169,700
Current assets
Stocks 14,000 11,875
Debtors 4 271,809 155,448
Cash at bank and in hand 448,551 280,685
734,360 448,008
Creditors: amounts falling due within one year 5 (135,006) (132,120)
Net current assets 599,354 315,888
Net assets 788,369 485,588
Capital and reserves
Called up share capital 1 1
Profit and loss account 788,368 485,587
Shareholder's funds 788,369 485,588
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
D Platt
Director
Approved by the board on 24 April 2025
PLATTS LIMITED
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 15% per annum of net book value
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 9 9
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024 433,940
Additions 52,671
At 31 March 2025 486,611
Depreciation
At 1 April 2024 264,240
Charge for the year 33,356
At 31 March 2025 297,596
Net book value
At 31 March 2025 189,015
At 31 March 2024 169,700
4 Debtors 2025 2024
£ £
Trade debtors 253,042 149,232
Prepayments and accrued income 18,767 6,216
271,809 155,448
5 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 8,422 5,212
Accruals and deferred income 15,212 13,898
Taxation and social security costs 110,649 110,683
Directors loans 723 2,327
135,006 132,120
6 Events after the reporting date
There were no material post balance sheet events up to the 24th April 2025, being the date of approval of the financial statements by the board of directors.
7 Other information
PLATTS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Newcastle Road
Smallwood
Near Sandbach
Cheshire
CW11 2TZ
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