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REGISTERED NUMBER: 04298532 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30 April 2023

for

P & L Networks (Northern) Limited

P & L Networks (Northern) Limited (Registered number: 04298532)






Contents of the Financial Statements
for the year ended 30 April 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


P & L Networks (Northern) Limited

Company Information
for the year ended 30 April 2023







DIRECTORS: A G Wilson
A D Botham





SECRETARY: A G Wilson





REGISTERED OFFICE: Logic House
Ordnance Street
Blackburn
BB1 3AE





REGISTERED NUMBER: 04298532 (England and Wales)





ACCOUNTANTS: Mayes Business Partnership Ltd
Chartered Certified Accountants
22-28 Willow Street
Accrington
Lancashire
BB5 1LP

P & L Networks (Northern) Limited (Registered number: 04298532)

Abridged Balance Sheet
30 April 2023

30/4/23 30/4/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 10,828 13,594
10,828 13,594

CURRENT ASSETS
Stocks 600 600
Debtors 141,055 122,945
Cash at bank and in hand 25,413 24,740
167,068 148,285
CREDITORS
Amounts falling due within one year 119,909 97,560
NET CURRENT ASSETS 47,159 50,725
TOTAL ASSETS LESS CURRENT
LIABILITIES

57,987

64,319

PROVISIONS FOR LIABILITIES - 95
NET ASSETS 57,987 64,224

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 57,985 64,222
SHAREHOLDERS' FUNDS 57,987 64,224

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 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.

P & L Networks (Northern) Limited (Registered number: 04298532)

Abridged Balance Sheet - continued
30 April 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 April 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 9 October 2023 and were signed on its behalf by:





A G Wilson - Director


P & L Networks (Northern) Limited (Registered number: 04298532)

Notes to the Financial Statements
for the year ended 30 April 2023

1. STATUTORY INFORMATION

P & L Networks (Northern) 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.

Turnover represents net sales of goods,excluding value added tax.

The company sells IT support.

Income from maintenance agreements is recognised evenly over the term of the contract. Income from system sales is recognised on completion of the installation

Sales are usually by cash, credit or payment card. Sales are made to customers with a right to return within 28 days, subject to certain conditions regarding the usage. Accumulated experience is used to estimate and provide for such returns at the time of sale. The company does not operate any loyalty programmes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty 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.
Short leasehold - 15% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Basic financial assets, including trade and other receivables, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.


P & L Networks (Northern) Limited (Registered number: 04298532)

Notes to the Financial Statements - continued
for the year ended 30 April 2023

2. ACCOUNTING POLICIES - continued
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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2022
and 30 April 2023 78,000
AMORTISATION
At 1 May 2022
and 30 April 2023 78,000
NET BOOK VALUE

At 30 April 2023 -
At 30 April 2022 -

P & L Networks (Northern) Limited (Registered number: 04298532)

Notes to the Financial Statements - continued
for the year ended 30 April 2023

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2022 102,481
Additions 5,109
At 30 April 2023 107,590
DEPRECIATION
At 1 May 2022 88,887
Charge for year 7,875
At 30 April 2023 96,762
NET BOOK VALUE
At 30 April 2023 10,828
At 30 April 2022 13,594

6. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30/4/23 30/4/22
£    £   
Between one and five years 20,038 -

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/4/23 30/4/22
value: £    £   
2 ORDINARY £1 2 2