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COMPANY REGISTRATION NUMBER: 04293259
Placepower (UK) Limited
Unaudited financial statements
31 October 2024
Placepower (UK) Limited
Statement of financial position
31 October 2024
2024
2023
Note
£
£
£
£
Fixed assets
Tangible assets
5
5,995
6,777
Current assets
Debtors
6
3,800
19,646
Cash at bank and in hand
68,829
124,729
-------
---------
72,629
144,375
Creditors: Amounts falling due within one year
7
( 29,606)
( 60,988)
-------
---------
Net current assets
43,023
83,387
-------
-------
Total assets less current liabilities
49,018
90,164
-------
-------
Net assets
49,018
90,164
-------
-------
Capital and reserves
Called up share capital
20,000
20,000
Profit and loss account
29,018
70,164
-------
-------
Shareholders funds
49,018
90,164
-------
-------
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 income statement has not been delivered.
For the year ending 31 October 2024 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 .
These financial statements were approved by the board of directors and authorised for issue on 15 July 2025 , and are signed on behalf of the board by:
Mr D Kirk
Director
Company registration number: 04293259
Placepower (UK) Limited
Notes to the financial statements
Year ended 31 October 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 32, Longs Industrial Estate, Englands Lane, Gorleston-on-Sea, Norfolk, NR31 6NE.
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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
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.
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.
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.
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:
Plant and machinery
-
15% reducing balance
Fixtures, fittings and equipment
-
15% reducing balance and 33% straight line
Defined contribution plans
The company operates a defined contribution pension scheme for the directors and employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.
4. Employee numbers
The average number of employees during the year was 5 (2023: 6 ).
5. Tangible assets
Plant and machinery
Fixtures and fittings
Total
£
£
£
Cost
At 1 November 2023
31,295
43,503
74,798
Additions
809
809
-------
-------
-------
At 31 October 2024
31,295
44,312
75,607
-------
-------
-------
Depreciation
At 1 November 2023
28,050
39,971
68,021
Charge for the year
455
1,136
1,591
-------
-------
-------
At 31 October 2024
28,505
41,107
69,612
-------
-------
-------
Carrying amount
At 31 October 2024
2,790
3,205
5,995
-------
-------
-------
At 31 October 2023
3,245
3,532
6,777
-------
-------
-------
6. Debtors
2024
2023
£
£
Trade debtors
3,613
19,424
Other debtors
187
222
------
-------
3,800
19,646
------
-------
7. Creditors: Amounts falling due within one year
2024
2023
£
£
Trade creditors
655
11,182
Social security and other taxes
6,192
17,083
Other creditors
22,759
32,723
-------
-------
29,606
60,988
-------
-------