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Registered Number : 07818526
England and Wales

 

 

 

THE PLATT PARTNERSHIP LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 January 2017

End date: 31 December 2017
Directors Kenneth Forshaw Platt
Michael Platt
Registered Number 07818526
Registered Office St James's House
2 Shore Road
Ainsdale
Southport
PR8 2RB
Accountants Woods Squared Limited
Unit 3 Prenton Business Park
Prenton Way
Prenton
Wirral
CH43 3EA
1
The directors present their report and accounts for the year ended 31 December 2017.
Principal activities
The principal activity of the company during the financial year was that of corporate financial advisors.
Directors
The directors who served the company throughout the year were as follows:
Thomas Michael Lewis (resigned 1 March 2018)
Kenneth Forshaw Platt
Michael Platt

Statement of director's responsibilities
The directors are responsible for preparing the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102 and applicable law). The financial statements are required by law to give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors at the date of approval of this report each confirm that:
- so far as the directors are aware, there is no relevant information of which the company’s auditor is unaware; and
- the directors have taken all the steps that they ought to have taken in order to make themselves aware of any relevant audit information and to establish that the company’s auditor is aware of that information.

Signed on behalf of the board


----------------------------------
Kenneth Forshaw Platt
Director

Date approved: 01 August 2018
2
 
 
Notes
 
2017
£
  2016
£
Fixed assets      
Intangible fixed assets 2 406,013    479,431 
Tangible fixed assets 3 16,655    11,862 
422,668    491,293 
Current assets      
Debtors 4 793,348    292,951 
Cash at bank and in hand 392,133    146,248 
1,185,481    439,199 
Creditors: amount falling due within one year 5 (414,119)   (288,203)
Net current assets 771,362    150,996 
 
Total assets less current liabilities 1,194,030    642,289 
Creditors: amount falling due after more than one year 6 (438,539)   (208,829)
Provisions for liabilities 7 (3,331)   (2,372)
Net assets 752,160    431,088 
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account 752,060    430,988 
Shareholders funds 752,160    431,088 
 


For the year ended 31 December 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's Responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 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.

The directors have elected not to include the profit and loss account within the financial statements.
Signed on behalf of the board of directors


--------------------------------
Kenneth Forshaw Platt
Director

Date approved by the board: 01 August 2018
3
General Information
The Platt Partnership Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number 07818526,registration address St James's House,2 Shore Road,Ainsdale,Southport,PR8 2RB.

The presentation currency is £ sterling.
1.

Accounting Policies

Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Financial Reporting Standard for Smaller Entities (effective January 2016).
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Deferred taxation
Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of 15 years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 33% Straight Line
Fixtures and Fittings 25% Reducing Balance
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Intangible fixed assets

Cost or Valuation Goodwill   Total
  £   £
At 01 January 2017 1,101,280    1,101,280 
Additions  
Disposals  
At 31 December 2017 1,101,280    1,101,280 
Amortisation
At 01 January 2017 621,849    621,849 
Charge for year 73,418    73,418 
On disposals  
At 31 December 2017 695,267    695,267 
Net book values
At 31 December 2017 406,013    406,013 
At 31 December 2016 479,431    479,431 


3.

Tangible fixed assets

Cost or Valuation Fixtures and Fittings   Computer Equipment   Total
  £   £   £
At 01 January 2017 31,146    1,993    33,139 
Additions 6,044    4,839    10,883 
Disposals    
At 31 December 2017 37,190    6,832    44,022 
Depreciation
At 01 January 2017 19,284    1,993    21,277 
Charge for year 4,477    1,613    6,090 
On disposals    
At 31 December 2017 23,761    3,606    27,367 
Net book values
Closing balance as at 31 December 2017 13,429    3,226    16,655 
Opening balance as at 01 January 2017 11,862      11,862 


4.

Debtors: amounts falling due within one year

2017
£
  2016
£
Prepayments & Accrued Income 11,730    10,150 
Other Debtors 108,092    97,801 
Directors' Current Accounts 673,526    185,000 
793,348    292,951 

5.

Creditors: amount falling due within one year

2017
£
  2016
£
Trade Creditors 27,151    7,913 
Bank Loans & Overdrafts 228,183    97,266 
Corporation Tax 138,191    159,128 
PAYE & Social Security 11,256    6,849 
Accrued Expenses   16,040 
Other Creditors 8,860    1,007 
Pensions Creditor 478   
414,119    288,203 

6.

Creditors: amount falling due after more than one year

2017
£
  2016
£
Bank Loans & Overdrafts 438,539    208,829 
438,539    208,829 

7.

Provisions for liabilities

2017
£
  2016
£
Deferred Tax 3,331    2,372 
3,331    2,372 

4