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Company Registration No. 11831387 (England and Wales)
Plat Uk Limited Unaudited accounts for the year ended 28 February 2026
Plat Uk Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Plat Uk Limited Company Information for the year ended 28 February 2026
Director
Christina Kyungjin LEE
Company Number
11831387 (England and Wales)
Registered Office
V307 Vox Studios 1-45 Durham Street Vauxhall SE11 5JH United Kingdom
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Plat Uk Limited Statement of financial position as at 28 February 2026
2026
2025
Notes
£
£
Fixed assets
Tangible assets
4
-
250
Current assets
Debtors
5
-
108
Cash at bank and in hand
2,871
6,271
2,871
6,379
Net current assets
2,871
6,379
Total assets less current liabilities
2,871
6,629
Creditors: amounts falling due after more than one year
6
(116,109)
(115,461)
Provisions for liabilities
Other provisions
7
(349,109)
(349,109)
Net liabilities
(462,347)
(457,941)
Capital and reserves
Called up share capital
40,000
40,000
Profit and loss account
(502,347)
(497,941)
Shareholders' funds
(462,347)
(457,941)
For the year ending 28 February 2026 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 director acknowledges his 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 and authorised for issue on 10 June 2026 and were signed on its behalf by
Christina Kyungjin LEE Director Company Registration No. 11831387
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Plat Uk Limited Notes to the Accounts for the year ended 28 February 2026
1
Statutory information
Plat Uk Limited is a private company, limited by shares, registered in England and Wales, registration number 11831387. The registered office is V307 Vox Studios, 1-45 Durham Street, Vauxhall, SE11 5JH, United Kingdom.
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.
3
Accounting policies
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.
Turnover
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in pound sterling.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
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:
Computer equipment
20% straight line
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Plat Uk Limited Notes to the Accounts for the year ended 28 February 2026
4
Tangible fixed assets
Computer equipment
£
Cost or valuation
At cost
At 1 March 2025
1,250
At 28 February 2026
1,250
Depreciation
At 1 March 2025
1,000
Charge for the year
250
At 28 February 2026
1,250
Net book value
At 28 February 2026
-
At 28 February 2025
250
5
Debtors
2026
2025
£
£
Amounts falling due within one year
VAT
-
108
6
Creditors: amounts falling due after more than one year
2026
2025
£
£
Bank loans
12,783
15,598
Trade creditors
65,117
65,127
Other creditors
38,209
34,736
116,109
115,461
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Plat Uk Limited Notes to the Accounts for the year ended 28 February 2026
7
Provisions for liabilities
£
At 1 March 2025
349,109
At 28 February 2026
349,109
The company is currently involved in legal proceedings with HM Revenue & Customs (“HMRC”) regarding the treatment of certain historical purchase transactions for VAT purposes. The total amount under dispute is £470,893.55 This comprises: £349.109.00 of VAT assessed by HMRC which remains outstanding and is the subject of an ongoing court case; and £121,784.55 of VAT deemed irrecoverable, relating to purchases for which input VAT recovery is disallowed under current VAT regulations. Provision for VAT dispute In accordance with FRS 102 Section 21, a provision has been recognised for the full amount of £349,109.00. This has been charged to the profit and loss account for the year ended 28 February 2025 and included within purchases in line with the company’s accounting policy for non-recoverable VAT. Write-off of irrecoverable VAT The £121,784.55 irrecoverable VAT has been written off in the year and similarly included within purchases. Uncertainty The final outcome of the legal proceedings is dependent on the decision of the court. Any difference between the final settlement amount and the provision recognised will be recorded in the profit and loss account in the period when the outcome is known.
8
Average number of employees
During the year the average number of employees was 1 (2025: 1).
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