Company Registration No. 14478491 (England and Wales)
Planet Health Ltd
Unaudited accounts
for the year ended 30 November 2024
Planet Health Ltd
Unaudited accounts
Contents
Planet Health Ltd
Company Information
for the year ended 30 November 2024
Directors
Kinnari K Vyas
Krunalkumar R Vyas
Company Number
14478491 (England and Wales)
Registered Office
53 Holt Wood Avenue
Aylesford
Kent
ME20 7QQ
GBR
Accountants
Harrison Bernstein Ltd
10 Harmer Street
Gravesend
Kent
DA12 2AX
Planet Health Ltd
Statement of financial position
as at 30 November 2024
Intangible assets
489,660
245,000
Tangible assets
40,784
44,241
Cash at bank and in hand
124,293
23,379
Creditors: amounts falling due within one year
(327,264)
(172,708)
Net current liabilities
(99,542)
(135,254)
Total assets less current liabilities
430,902
153,987
Creditors: amounts falling due after more than one year
(364,216)
(172,468)
Net assets/(liabilities)
66,686
(18,481)
Profit and loss account
66,686
(18,481)
Shareholders' funds
66,686
(18,481)
For the year ending 30 November 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 directors acknowledge their 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 of Directors and authorised for issue on 30 May 2025 and were signed on its behalf by
Krunalkumar R Vyas
Director
Company Registration No. 14478491
Planet Health Ltd
Notes to the Accounts
for the year ended 30 November 2024
Planet Health Ltd is a private company, limited by shares, registered in England and Wales, registration number 14478491. The registered office is 53 Holt Wood Avenue, Aylesford, Kent, ME20 7QQ, GBR.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
25% Reduced balance method
Fixtures & fittings
25% Reduced balance method
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Planet Health Ltd
Notes to the Accounts
for the year ended 30 November 2024
4
Intangible fixed assets
Goodwill
Other
Total
At 1 December 2023
245,000
-
245,000
Additions
274,385
-
274,385
At 30 November 2024
519,385
-
519,385
Charge for the year
-
29,725
29,725
At 30 November 2024
-
29,725
29,725
At 30 November 2024
519,385
(29,725)
489,660
At 30 November 2023
245,000
-
245,000
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 December 2023
1,140
45,000
46,140
Additions
3,732
5,000
8,732
At 30 November 2024
4,872
50,000
54,872
At 1 December 2023
24
1,875
1,899
Charge for the year
470
11,719
12,189
At 30 November 2024
494
13,594
14,088
At 30 November 2024
4,378
36,406
40,784
At 30 November 2023
1,116
43,125
44,241
Amounts falling due within one year
Trade debtors
21,872
(32,941)
Planet Health Ltd
Notes to the Accounts
for the year ended 30 November 2024
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
105,145
29,581
Taxes and social security
12,966
-
Loans from directors
170,344
143,127
8
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
364,216
172,468
The company has a loan with Barclays Bank Plc of 176000 with repayment tenure of 15 years secured at an annual interest rate of 8.4%.
The company also has Recovery loan scheme of £200,000 with Close Brothers Ltd for 6 years.
9
Average number of employees
During the year the average number of employees was 6 (2023: 1).