Registered number
03418556
Planterama Design Limited
Filleted Accounts
31 August 2024
Planterama Design Limited
Registered number: 03418556
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 23,210 7,635
Current assets
Stocks 1,000 1,000
Debtors 5 20,359 13,831
Cash at bank and in hand 24,916 6,945
46,275 21,776
Creditors: amounts falling due within one year 6 (11,602) (4,397)
Net current assets 34,673 17,379
Total assets less current liabilities 57,883 25,014
Creditors: amounts falling due after more than one year 7 (4,092) (20,838)
Net assets 53,791 4,176
Capital and reserves
Called up share capital 21 21
Profit and loss account 53,770 4,155
Shareholders' funds 53,791 4,176
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
M D A Read
Director
Approved by the board on 31 May 2025
Planterama Design Limited
Notes to the Accounts
for the year ended 31 August 2024
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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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:
Motor vehicles over 4 years
Fixtures, fittings, tools and equipment over 4 years
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 2024 2023
Number Number
Average number of persons employed by the company 3 4
3 Intangible fixed assets £
Goodwill:
Cost
At 1 September 2023 9,149
At 31 August 2024 9,149
Amortisation
At 1 September 2023 9,149
At 31 August 2024 9,149
Net book value
At 31 August 2024 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Land and buildings Fixtures and equipment Motor vehicles Total
£ £ £ £
Cost
At 1 September 2023 25,450 30,911 40,221 96,582
Additions - - 22,522 22,522
At 31 August 2024 25,450 30,911 62,743 119,104
Depreciation
At 1 September 2023 20,445 28,281 40,221 88,947
Charge for the year - 1,315 5,632 6,947
At 31 August 2024 20,445 29,596 45,853 95,894
Net book value
At 31 August 2024 5,005 1,315 16,890 23,210
At 31 August 2023 5,005 2,630 - 7,635
5 Debtors 2024 2023
£ £
Trade debtors 20,359 13,831
6 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 10,607 2,909
Other creditors 995 1,488
11,602 4,397
7 Creditors: amounts falling due after one year 2024 2023
£ £
Directors loan 4,092 20,838
8 Controlling party
The company is controlled by the directors.
9 Other information
Planterama Design Limited is a private company limited by shares and incorporated in England. Its registered office is:
Frosthill Cottage
Horsley
Stroud
Glos
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