REGISTERED NUMBER: 11969870 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

The Platt Partnership Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

M Platt

REGISTERED OFFICE:

21 Chester Street

Mold

CH7 1EG

REGISTERED NUMBER:

11969870 (England and Wales)

ACCOUNTANTS:

Summit Accountants Limited

M.01 Tomorrow

MediaCityUK

Salford

Greater Manchester

M50 2AB

FIXED ASSETS

Intangible assets

4

2,587,259

2,798,667

Tangible assets

5

2,999

4,900

2,590,258

2,803,567

CURRENT ASSETS

Debtors

6

156,034

88,919

Prepayments and accrued income

11,078

9,316

Cash at bank and in hand

12

518

167,124

98,753

CREDITORS

Amounts falling due within one year

7

826,268

633,547

NET CURRENT LIABILITIES

(659,144

)

(534,794

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,931,114

2,268,773

CREDITORS

Amounts falling due after more than one year

8

(1,779,082

)

(1,954,669

)

PROVISIONS FOR LIABILITIES

(750

)

(1,225

)

NET ASSETS

151,282

312,879

CAPITAL AND RESERVES

Called up share capital

4,585

4,585

Retained earnings

146,697

308,294

151,282

312,879

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 30 September 2025 and were signed by:

M Platt - Director

1.	STATUTORY INFORMATION

The Platt Partnership 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 statement 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. The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover

Turnover is recognised when, and to the extent that, the company obtains the right to consideration. The point of recognition is after the service has been performed, when the risk and rewards associated with the goods/services have been transferred or in accordance with contractual terms. The company is not VAT registered.

Goodwill

Goodwill relates to customer-related intangibles and is being written off over a useful economic life of 15 years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost and 25% on reducing balance

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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. The company therefore continues to adopt the going concern basis in preparing its financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

4,209,933

Additions

30,702

At 31 December 2024

4,240,635

AMORTISATION

At 1 January 2024

1,411,266

Charge for year

242,110

At 31 December 2024

1,653,376

NET BOOK VALUE

At 31 December 2024

2,587,259

At 31 December 2023

2,798,667

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

52,377

Additions

260

Disposals

(22,571

)

At 31 December 2024

30,066

DEPRECIATION

At 1 January 2024

47,477

Charge for year

1,530

Eliminated on disposal

(21,940

)

At 31 December 2024

27,067

NET BOOK VALUE

At 31 December 2024

2,999

At 31 December 2023

4,900

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

42,948

54,788

Other debtors

113,086

34,131

156,034

88,919

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

298,417

280,642

Trade creditors

93,713

27,358

Taxation and social security

327,836

265,487

Other creditors

106,302

60,060

826,268

633,547

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

1,473,510

1,726,112

Other creditors

305,572

228,557

1,779,082

1,954,669

31.12.24

31.12.23

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

463,103

715,705

Other loans more 5yrs instal

94,471

131

557,574

715,836

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As at 31 December 2024, £111,184 was owed by the director to the company.

No formal repayment terms have been agreed.