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REGISTERED NUMBER: 02704053 (England and Wales)












Unaudited Financial Statements

for the period

1st September 2023 to 28th February 2025

for

PLATONOFF & HARRIS LIMITED

PLATONOFF & HARRIS LIMITED (REGISTERED NUMBER: 02704053)

Contents of the Financial Statements
for the period 1st September 2023 to 28th February 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PLATONOFF & HARRIS LIMITED

Company Information
for the period 1st September 2023 to 28th February 2025







DIRECTORS: B E Fearn
J Turner
J Bayford
G Cundall
Mrs E Fearn
S Fearn





SECRETARY: Ms A E Robertson





REGISTERED OFFICE: 1 Tower House
Tower Centre
Hoddesdon
Hertfordshire
EN11 8UR





REGISTERED NUMBER: 02704053 (England and Wales)





ACCOUNTANTS: Attenboroughs (Accountants) Limited
Chartered Certified Accountants
1 Tower House
Tower Centre
Hoddesdon
Hertfordshire
EN11 8UR

PLATONOFF & HARRIS LIMITED (REGISTERED NUMBER: 02704053)

Balance Sheet
28th February 2025

28/2/25 31/8/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,061 12,638

CURRENT ASSETS
Stocks 5 995,330 378,865
Debtors 6 448,551 660,091
Cash at bank and in hand 11,687 4,502
1,455,568 1,043,458
CREDITORS
Amounts falling due within one year 7 779,711 603,361
NET CURRENT ASSETS 675,857 440,097
TOTAL ASSETS LESS CURRENT
LIABILITIES

681,918

452,735

CREDITORS
Amounts falling due after more than one year 8 (156,250 ) -

PROVISIONS FOR LIABILITIES 10 (1,515 ) (3,159 )
NET ASSETS 524,153 449,576

CAPITAL AND RESERVES
Called up share capital 11 12,500 12,500
Retained earnings 511,653 437,076
SHAREHOLDERS' FUNDS 524,153 449,576

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28th February 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 28th February 2025 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.

PLATONOFF & HARRIS LIMITED (REGISTERED NUMBER: 02704053)

Balance Sheet - continued
28th February 2025


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 14th July 2025 and were signed on its behalf by:





B E Fearn - Director


PLATONOFF & HARRIS LIMITED (REGISTERED NUMBER: 02704053)

Notes to the Financial Statements
for the period 1st September 2023 to 28th February 2025


1. STATUTORY INFORMATION

Platonoff & Harris 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
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 cost
Computer equipment - 25% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the period 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 period 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.

PLATONOFF & HARRIS LIMITED (REGISTERED NUMBER: 02704053)

Notes to the Financial Statements - continued
for the period 1st September 2023 to 28th February 2025


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 13 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st September 2023
and 28th February 2025 20,970 15,870 36,840
DEPRECIATION
At 1st September 2023 18,802 5,400 24,202
Charge for period 1,816 4,761 6,577
At 28th February 2025 20,618 10,161 30,779
NET BOOK VALUE
At 28th February 2025 352 5,709 6,061
At 31st August 2023 2,168 10,470 12,638

5. STOCKS
28/2/25 31/8/23
£    £   
Raw materials 15,963 -
Work-in-progress 979,367 378,865
995,330 378,865

PLATONOFF & HARRIS LIMITED (REGISTERED NUMBER: 02704053)

Notes to the Financial Statements - continued
for the period 1st September 2023 to 28th February 2025


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28/2/25 31/8/23
£    £   
Trade debtors 180,821 225,253
Other debtors 7,580 22,434
Directors' current accounts 54,064 69,054
Tax 14,855 -
VAT 54,076 -
Accrued income 113,367 318,301
Prepayments 23,788 25,049
448,551 660,091

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28/2/25 31/8/23
£    £   
Bank loans and overdrafts (see note 9) - 124,454
Other loans (see note 9) 41,667 -
Trade creditors 598,321 308,491
Tax 41,849 51,227
Social security and other taxes 73,756 61,723
VAT - 10,622
Other creditors 3,313 4,934
Accrued expenses 20,805 41,910
779,711 603,361

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28/2/25 31/8/23
£    £   
Other loans (see note 9) 156,250 -

9. LOANS

An analysis of the maturity of loans is given below:

28/2/25 31/8/23
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts - 124,454
Other loans 41,667 -
41,667 124,454

Amounts falling due between one and two years:
Other loans - 1-2 years 41,667 -

Amounts falling due between two and five years:
Other loans - 2-5 years 114,583 -

PLATONOFF & HARRIS LIMITED (REGISTERED NUMBER: 02704053)

Notes to the Financial Statements - continued
for the period 1st September 2023 to 28th February 2025


10. PROVISIONS FOR LIABILITIES
28/2/25 31/8/23
£    £   
Deferred tax 1,515 3,159

Deferred
tax
£   
Balance at 1st September 2023 3,159
Utilised during period (1,644 )
Balance at 28th February 2025 1,515

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28/2/25 31/8/23
value: £    £   
1 Ordinary A £1 1 -

Allotted and issued:
Number: Class: Nominal 28/2/25 31/8/23
value: £    £   
12,499 Share capital 1 £1 12,499 12,500

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 28th February 2025 and the year ended 31st August 2023:

28/2/25 31/8/23
£    £   
B E Fearn
Balance outstanding at start of period 69,054 48,540
Amounts advanced 50,275 106,764
Amounts repaid (69,054 ) (86,250 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 50,275 69,054

13. ULTIMATE CONTROLLING PARTY

The company considers Mr B Fearn and Mrs E Fearn to be the ultimate controlling party by virtue of their shareholding in the company.