PLANK LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

SF Robilliard

JC Hawthorne

REGISTERED OFFICE:

Devonshire House

Manor Way

Borehamwood

Herts

WD6 1QQ

REGISTERED NUMBER:

09475273 (England and Wales)

ACCOUNTANTS:

Goodier, Smith & Watts Limited

Devonshire House

Manor Way

Borehamwood

Herts

WD6 1QQ

FIXED ASSETS

Tangible assets

4

43,542

58,181

Investments

5

100,000

100,000

143,542

158,181

CURRENT ASSETS

Debtors

6

272,624

273,807

Cash at bank

591,139

844,234

863,763

1,118,041

CREDITORS

Amounts falling due within one year

7

34,461

85,188

NET CURRENT ASSETS

829,302

1,032,853

TOTAL ASSETS LESS CURRENT LIABILITIES

972,844

1,191,034

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

972,744

1,190,934

SHAREHOLDERS' FUNDS

972,844

1,191,034

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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 5 September 2025 and were signed on its behalf by:

SF Robilliard - Director

JC Hawthorne - Director

1.	STATUTORY INFORMATION

Plank 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.

Plant and machinery etc

-

33% on reducing balance 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

151,119

DEPRECIATION

At 1 April 2024

92,938

Charge for year

14,639

At 31 March 2025

107,577

NET BOOK VALUE

At 31 March 2025

43,542

At 31 March 2024

58,181

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2024

and 31 March 2025

100,000

NET BOOK VALUE

At 31 March 2025

100,000

At 31 March 2024

100,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

116,584

127,966

Other debtors

156,040

145,841

272,624

273,807

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

-

47,680

Other creditors

34,461

37,508

34,461

85,188

8.	ULTIMATE CONTROLLING PARTY

The Directors consider that there is no ultimate controlling party.