PLANETEQ LIMITED


Directors	KRUPER, Brad
	KRUPER, Daryl
	NEWMAN, Paul William


Registered Address	71-75 Shelton Street
	Covent Garden
	London
	WC2H 9JQ


Registered Number	13560318 (England and Wales)

Balance Sheet as at
31 August 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		11,795		15,781
			11,795		15,781
Current assets
Stocks	4	29,902		29,902
Debtors		4,514		2,302
Cash at bank and on hand		740		31,163
		35,156		63,367
Creditors amounts falling due within one year	5	(290,794)		(217,962)
Net current assets (liabilities)			(255,638)		(154,595)
Total assets less current liabilities			(243,843)		(138,814)
Net assets			(243,843)		(138,814)
Capital and reserves
Called up share capital			300		300
Profit and loss account			(244,143)		(139,114)
Shareholders' funds			(243,843)		(138,814)

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 7 May 2026, and are signed on its behalf by:

NEWMAN, Paul William
Director
Registered Company No. 13560318

PLANETEQ LIMITED

Notes to the Financial Statements
for the year ended 31 August 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Functional and presentation currency
	The financial statements are presented in GBP and this is the functional currency of the company.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Revenue 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.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost less depreciation and provision for impairment. Depreciation is provided on cost in equal instalments over the estimated useful economic lives of fixed assets. Depreciation is not charged on assets which have not yet been brought to use. The rates of depreciation are as follows:


		Straight line (years)
	Land and buildings	20
	Plant and machinery	5
	Fixtures and fittings	3
	Vehicles	3
	Office Equipment	3

	Stocks and work in progress
	Stock is valued at the lower of cost and net realisable value. Cost represents invoice price and associated freight costs less supplier rebates. Net realisable value represents the estimated selling price less costs to complete and costs to be incurred in marketing, selling and distribution.

2.	Average number of employees
	The average monthly number of employees, including directors, during the period was nil.


		2025		2024
	Average number of employees during the year	0		0

3.	Tangible fixed assets

	Plant & machinery	Total
	£	£
Cost or valuation
At 01 September 24	19,934	19,934
At 31 August 25	19,934	19,934
Depreciation and impairment
At 01 September 24	4,153	4,153
Charge for year	3,986	3,986
At 31 August 25	8,139	8,139
Net book value
At 31 August 25	11,795	11,795
At 31 August 24	15,781	15,781

4.	Stocks

	2025	2024
	£	£
Finished goods	29,902	29,902
Total	29,902	29,902

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	18,241	22,621
Amounts owed to related parties	272,225	195,341
Taxation and social security	328	-
Total	290,794	217,962


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

6.	Related party transactions
	The company is a wholly owned subsidiary of Planeteq Management Limited, incorporated in England and Wales. During the year, the company received a loan of £76,884 from its parent company to support working capital requirements. The loan is unsecured, interest-free and repayable on demand. At the balance sheet date, the amount outstanding to Planeteq Management Limited was £225,115 (2024: £148,231). The company has received a loan of £47,110 from Simmax Corp, incorporated in Alberta, Canada. Simmax Corp is a company controlled by Daryl Kruper. The loan is unsecured, interest-free and repayable on demand.

Related party transactions

The company is a wholly owned subsidiary of Planeteq Management Limited, incorporated in England and Wales. During the year, the company received a loan of £76,884 from its parent company to support working capital requirements. The loan is unsecured, interest-free and repayable on demand. At the balance sheet date, the amount outstanding to Planeteq Management Limited was £225,115 (2024: £148,231).

The company has received a loan of £47,110 from Simmax Corp, incorporated in Alberta, Canada. Simmax Corp is a company controlled by Daryl Kruper. The loan is unsecured, interest-free and repayable on demand.