12 false false false false false false false false false false true false false false false false false No description of principal activity 2024-04-01 Sage Accounts Production Advanced 2024 - FRS102_2024 xbrli:pure xbrli:shares iso4217:GBP 04800048 2024-04-01 2025-03-31 04800048 2025-03-31 04800048 2024-03-31 04800048 2023-04-01 2024-03-31 04800048 2024-03-31 04800048 2023-03-31 04800048 core:LandBuildings core:LongLeaseholdAssets 2024-04-01 2025-03-31 04800048 core:FurnitureFittings 2024-04-01 2025-03-31 04800048 core:MotorVehicles 2024-04-01 2025-03-31 04800048 bus:Director1 2024-04-01 2025-03-31 04800048 core:LandBuildings core:LongLeaseholdAssets 2024-03-31 04800048 core:FurnitureFittings 2024-03-31 04800048 core:MotorVehicles 2024-03-31 04800048 core:LandBuildings core:LongLeaseholdAssets 2025-03-31 04800048 core:FurnitureFittings 2025-03-31 04800048 core:MotorVehicles 2025-03-31 04800048 core:WithinOneYear 2025-03-31 04800048 core:WithinOneYear 2024-03-31 04800048 core:ShareCapital 2025-03-31 04800048 core:ShareCapital 2024-03-31 04800048 core:CapitalRedemptionReserve 2025-03-31 04800048 core:CapitalRedemptionReserve 2024-03-31 04800048 core:RetainedEarningsAccumulatedLosses 2025-03-31 04800048 core:RetainedEarningsAccumulatedLosses 2024-03-31 04800048 core:LandBuildings core:LongLeaseholdAssets 2024-03-31 04800048 core:FurnitureFittings 2024-03-31 04800048 core:MotorVehicles 2024-03-31 04800048 bus:SmallEntities 2024-04-01 2025-03-31 04800048 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 04800048 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 04800048 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 04800048 bus:FullAccounts 2024-04-01 2025-03-31 04800048 core:ComputerEquipment 2024-04-01 2025-03-31 04800048 core:ComputerEquipment 2024-03-31 04800048 core:ComputerEquipment 2025-03-31
COMPANY REGISTRATION NUMBER: 04800048
Plinkfizz Limited
Filleted Unaudited Financial Statements
31 March 2025
Plinkfizz Limited
Financial Statements
Year ended 31 March 2025
Contents
Pages
Balance sheet
1 to 2
Notes to the financial statements
3 to 6
Plinkfizz Limited
Balance Sheet
31 March 2025
2025
2024
Note
£
£
Fixed assets
Tangible assets
5
49,987
64,722
Current assets
Debtors
6
166,644
182,607
Cash at bank and in hand
251,090
164,063
---------
---------
417,734
346,670
Creditors: amounts falling due within one year
7
161,769
109,311
---------
---------
Net current assets
255,965
237,359
---------
---------
Total assets less current liabilities
305,952
302,081
Provisions
11,887
14,391
---------
---------
Net assets
294,065
287,690
---------
---------
Capital and reserves
Called up share capital
224
224
Capital redemption reserve
1
1
Profit and loss account
293,840
287,465
---------
---------
Shareholders funds
294,065
287,690
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss has not been delivered.
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Plinkfizz Limited
Balance Sheet (continued)
31 March 2025
These financial statements were approved by the board of directors and authorised for issue on 22 May 2025 , and are signed on behalf of the board by:
Mrs F Hawkins
Director
Company registration number: 04800048
Plinkfizz Limited
Notes to the Financial Statements
Year ended 31 March 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1 Lyme Vale Court, Parklands Business Park, Newcastle Road, Stoke on Trent, ST4 6NW.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest £.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Leasehold property
-
10% straight line
Fixtures and fittings
-
25% reducing balance
Motor vehicles
-
25% reducing balance
IT equipment
-
25% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. The basic financial instruments of the company are as follows: Debtors Debtors do not carry any interest and are stated at their nominal value. Appropriate allowances for estimated irrecoverable amounts are recognised in the Profit and Loss account when there is objective evidence that the asset is impaired. Cash at bank and in hand This comprises cash at bank and in hand. Trade creditors Trade creditors are not interest bearing and are stated at their nominal value.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 12 (2024: 13 ).
5. Tangible assets
Leasehold property
Fixtures and fittings
Motor vehicles
IT equipment
Total
£
£
£
£
£
Cost
At 1 April 2024
11,339
18,598
50,955
34,269
115,161
Additions
1,577
1,577
--------
--------
--------
--------
---------
At 31 March 2025
11,339
18,598
50,955
35,846
116,738
--------
--------
--------
--------
---------
Depreciation
At 1 April 2024
3,116
11,580
14,619
21,124
50,439
Charge for the year
1,133
1,755
10,373
3,051
16,312
--------
--------
--------
--------
---------
At 31 March 2025
4,249
13,335
24,992
24,175
66,751
--------
--------
--------
--------
---------
Carrying amount
At 31 March 2025
7,090
5,263
25,963
11,671
49,987
--------
--------
--------
--------
---------
At 31 March 2024
8,223
7,018
36,336
13,145
64,722
--------
--------
--------
--------
---------
6. Debtors
2025
2024
£
£
Trade debtors
161,382
162,693
Amounts owed by group undertakings and undertakings in which the company has a participating interest
5,262
19,914
---------
---------
166,644
182,607
---------
---------
7. Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
6,191
7,607
Corporation tax
62,522
19,673
Social security and other taxes
68,634
71,475
Other creditors
24,422
10,556
---------
---------
161,769
109,311
---------
---------