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Company Registration No. 12873254 (England and Wales)
Item Planet Ltd Unaudited accounts for the year ended 30 September 2024
Item Planet Ltd Unaudited accounts Contents
Page
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Item Planet Ltd Company Information for the year ended 30 September 2024
Director
Mr R Bardjukovskis
Company Number
12873254 (England and Wales)
Registered Office
38 Robertson Way Sapley Huntingdon PE28 2GG
Accountants
Just Right Accountancy ltd 93A Stanley Road Harrow HA2 8AY
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Item Planet Ltd Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
98 
146 
Current assets
Inventories
9,476 
11,576 
Cash at bank and in hand
300 
83 
9,776 
11,659 
Creditors: amounts falling due within one year
(32,732)
(31,149)
Net current liabilities
(22,956)
(19,490)
Net liabilities
(22,858)
(19,344)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(22,859)
(19,345)
Shareholders' funds
(22,858)
(19,344)
For the year ending 30 September 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 director acknowledges his 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 and authorised for issue on 27 June 2025 and were signed on its behalf by
Mr R Bardjukovskis Director Company Registration No. 12873254
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Item Planet Ltd Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
Item Planet Ltd is a private company, limited by shares, registered in England and Wales, registration number 12873254. The registered office is 38 Robertson Way, Sapley , Huntingdon , PE28 2GG.
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.
Presentation currency
The accounts are presented in £ sterling.
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:
Plant & machinery
Straight line 20%
Going concern
As at the balance sheet date the company has net liabilities of £19,344. The director has provided an undertaking not to request repayment of his loan to the company until such time as the company has sufficient funds available for this purpose. Additionally, the director has committed to continue financially supporting the company. Based on the above the directors believe that the company will be able to continue operating and meet its liabilities as they fall due. Therefore, the financial statements have been prepared on a going concern basis.
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 October 2023
242 
At 30 September 2024
242 
Depreciation
At 1 October 2023
96 
Charge for the year
48 
At 30 September 2024
144 
Net book value
At 30 September 2024
98 
At 30 September 2023
146 
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Item Planet Ltd Notes to the Accounts for the year ended 30 September 2024
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
- 
501 
Loans from directors
32,082 
29,798 
Accruals
650 
850 
32,732 
31,149 
6
Transactions with related parties
At the balance sheet date amount of 21,284 (2021: 16,194) was due to the company directors. This balance is unsecured and interest free. Directors have agreed not to seek a repayment of this amount until the company has sufficient funds.
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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