IRIS Accounts Production v25.1.4.42 08682067 Board of Directors 1.10.23 30.9.24 30.9.24 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh086820672023-09-30086820672024-09-30086820672023-10-012024-09-30086820672022-09-30086820672022-10-012023-09-30086820672023-09-3008682067ns15:EnglandWales2023-10-012024-09-3008682067ns14:PoundSterling2023-10-012024-09-3008682067ns10:Director12023-10-012024-09-3008682067ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3008682067ns10:SmallEntities2023-10-012024-09-3008682067ns10:AuditExempt-NoAccountantsReport2023-10-012024-09-3008682067ns10:SmallCompaniesRegimeForDirectorsReport2023-10-012024-09-3008682067ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-3008682067ns10:FullAccounts2023-10-012024-09-300868206712023-10-012024-09-3008682067ns10:OrdinaryShareClass12023-10-012024-09-3008682067ns10:Director22023-10-012024-09-3008682067ns10:RegisteredOffice2023-10-012024-09-3008682067ns5:CurrentFinancialInstruments2024-09-3008682067ns5:CurrentFinancialInstruments2023-09-3008682067ns5:Non-currentFinancialInstruments2024-09-3008682067ns5:Non-currentFinancialInstruments2023-09-3008682067ns5:ShareCapital2024-09-3008682067ns5:ShareCapital2023-09-3008682067ns5:RetainedEarningsAccumulatedLosses2024-09-3008682067ns5:RetainedEarningsAccumulatedLosses2023-09-3008682067ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2023-09-3008682067ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2023-10-012024-09-3008682067ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2024-09-3008682067ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2023-09-3008682067ns5:FurnitureFittings2023-09-3008682067ns5:MotorVehicles2023-09-3008682067ns5:ComputerEquipment2023-09-3008682067ns5:FurnitureFittings2023-10-012024-09-3008682067ns5:MotorVehicles2023-10-012024-09-3008682067ns5:ComputerEquipment2023-10-012024-09-3008682067ns5:FurnitureFittings2024-09-3008682067ns5:MotorVehicles2024-09-3008682067ns5:ComputerEquipment2024-09-3008682067ns5:FurnitureFittings2023-09-3008682067ns5:MotorVehicles2023-09-3008682067ns5:ComputerEquipment2023-09-3008682067ns5:WithinOneYearns5:CurrentFinancialInstruments2024-09-3008682067ns5:WithinOneYearns5:CurrentFinancialInstruments2023-09-3008682067ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-09-3008682067ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-09-3008682067ns5:DeferredTaxation2023-09-3008682067ns5:DeferredTaxation2023-10-012024-09-3008682067ns5:DeferredTaxation2024-09-3008682067ns10:OrdinaryShareClass12024-09-30086820671ns10:Director12023-09-30086820671ns10:Director12022-09-30086820671ns10:Director12023-10-012024-09-30086820671ns10:Director12022-10-012023-09-30086820671ns10:Director12024-09-30086820671ns10:Director12023-09-3008682067ns10:Director222023-09-3008682067ns10:Director222022-09-3008682067ns10:Director222023-10-012024-09-3008682067ns10:Director222022-10-012023-09-3008682067ns10:Director222024-09-3008682067ns10:Director222023-09-30
REGISTERED NUMBER: 08682067 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

PLUS PARTNER SERVICES LIMITED

PLUS PARTNER SERVICES LIMITED (REGISTERED NUMBER: 08682067)






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


PLUS PARTNER SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: S A Daniels
M A Lamb





REGISTERED OFFICE: Chandler House
7 Ferry Road Office Park
Riversway
Preston
Lancashire
PR2 2YH





REGISTERED NUMBER: 08682067 (England and Wales)





ACCOUNTANTS: Wallwork Nelson & Johnson
Chandler House
7 Ferry Road Office Park
Riversway
Preston
Lancashire
PR2 2YH

PLUS PARTNER SERVICES LIMITED (REGISTERED NUMBER: 08682067)

BALANCE SHEET
30 SEPTEMBER 2024

30/9/24 30/9/23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 966,077 892,302
Tangible assets 5 11,157 17,091
977,234 909,393

CURRENT ASSETS
Stocks 6 52,000 83,000
Debtors 7 108,093 51,710
Cash at bank - 22,724
160,093 157,434
CREDITORS
Amounts falling due within one year 8 326,372 201,990
NET CURRENT LIABILITIES (166,279 ) (44,556 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

810,955

864,837

CREDITORS
Amounts falling due after more than one
year

9

-

(100,372

)

PROVISIONS FOR LIABILITIES 11 (244,309 ) (226,192 )
NET ASSETS 566,646 538,273

CAPITAL AND RESERVES
Called up share capital 12 30,100 30,100
Retained earnings 536,546 508,173
SHAREHOLDERS' FUNDS 566,646 538,273

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 directors acknowledge their 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.

PLUS PARTNER SERVICES LIMITED (REGISTERED NUMBER: 08682067)

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 Board of Directors and authorised for issue on 25 June 2025 and were signed on its behalf by:





S A Daniels - Director


PLUS PARTNER SERVICES LIMITED (REGISTERED NUMBER: 08682067)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Plus Partner Services 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.

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

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and any provision for impairment in value.

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- 25% on reducing balance
Computer equipment- 25% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work in progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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.

Research and development
Expenditure on research and development is reviewed at the end of each accounting period. If justified, it is deferred until completion of the project. The expenditure will then be amortised to write off costs over their useful economic life.

PLUS PARTNER SERVICES LIMITED (REGISTERED NUMBER: 08682067)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued

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.

Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the going concern basis of accounting in preparing the annual financial statements has been adopted.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 17 ) .

4. INTANGIBLE FIXED ASSETS
Development
costs
£   
COST
At 1 October 2023 892,302
Additions 73,775
At 30 September 2024 966,077
NET BOOK VALUE
At 30 September 2024 966,077
At 30 September 2023 892,302

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 October 2023 7,494 15,995 46,521 70,010
Additions - - 2,039 2,039
At 30 September 2024 7,494 15,995 48,560 72,049
DEPRECIATION
At 1 October 2023 5,949 14,092 32,878 52,919
Charge for year 309 381 7,283 7,973
At 30 September 2024 6,258 14,473 40,161 60,892
NET BOOK VALUE
At 30 September 2024 1,236 1,522 8,399 11,157
At 30 September 2023 1,545 1,903 13,643 17,091

6. STOCKS
30/9/24 30/9/23
£    £   
Work-in-progress 52,000 83,000

PLUS PARTNER SERVICES LIMITED (REGISTERED NUMBER: 08682067)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/24 30/9/23
£    £   
Trade debtors 52 598
Amounts due from related
parties 103,775 45,170
Directors' current accounts 1,416 3,720
VAT 1,216 -
Prepayments and accrued income 1,634 2,222
108,093 51,710

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/24 30/9/23
£    £   
Bank loans and overdrafts (see note 10) 103,402 90,768
Trade creditors 10,623 12,664
Amounts owed to group undertakings 74,247 51,951
Tax 127,925 -
Social security and other taxes 1,574 7,311
VAT - 33,487
Directors' current accounts 1,332 1,332
Accrued expenses 7,269 4,477
326,372 201,990

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/9/24 30/9/23
£    £   
Bank loans (see note 10) - 100,372

10. LOANS

An analysis of the maturity of loans is given below:

30/9/24 30/9/23
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 3,030 -
Bank loans 100,372 90,768
103,402 90,768

Amounts falling due between one and two years:
Bank loans - 1-2 years - 100,372

11. PROVISIONS FOR LIABILITIES
30/9/24 30/9/23
£    £   
Deferred tax 244,309 226,192

PLUS PARTNER SERVICES LIMITED (REGISTERED NUMBER: 08682067)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

11. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 October 2023 226,192
Charge to Income Statement during year 18,117
Balance at 30 September 2024 244,309

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/9/24 30/9/23
value: £    £   
30,100 Ordinary £1 30,100 30,100

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

30/9/24 30/9/23
£    £   
S A Daniels
Balance outstanding at start of year (1,332 ) (921 )
Amounts advanced - 2,943
Amounts repaid - (3,354 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,332 ) (1,332 )

M A Lamb
Balance outstanding at start of year 3,720 3,839
Amounts advanced 219,308 131,493
Amounts repaid (221,612 ) (131,612 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,416 3,720

14. RELATED PARTY DISCLOSURES

S A Daniels and M A Lamb are also directors of Plus M3 Limited. Various amounts were recharged to the company during the year, therefore there is a debtor balance owed at the year end of £101,775 (2023: £43,170).

S A Daniels and M A Lamb are also directors of Adeptli Limited. Monies were loaned to the company during the year, therefore there is a debtor balance owed at the year end of £2,000 (2023: £2,000).

S A Daniels is also a director of Daniels Holdings Limited. Management charges of £54,000 (2023: £54,000) were paid to the company during the year. Various monies were transferred to and from the company, therefore there is a creditor balance of £44,747 (2023: £7,648).

Plus Partner Services Limited has taken advantage of the exemption not to disclose transactions with wholly owned subsidiaries.

PLUS PARTNER SERVICES LIMITED (REGISTERED NUMBER: 08682067)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

15. ULTIMATE CONTROLLING PARTY

The ultimate controlling party are the Directors by virtue of their shareholding in the ultimate parent company, however there is not one Director who has ultimate control.