Company Registration No. 11929295 (England and Wales)
PL LONDON LTD
Unaudited accounts
for the year ended 30 April 2023
PL LONDON LTD
Unaudited accounts
Contents
PL LONDON LTD
Company Information
for the year ended 30 April 2023
Director
Phillip James HILBECK
Company Number
11929295 (England and Wales)
Registered Office
124 CITY ROAD
LONDON
EC1V 2NX.
PL LONDON LTD
Statement of financial position
as at 30 April 2023
Tangible assets
507,545
458,378
Investments
146,000
146,000
Debtors
2,241,355
1,817,460
Cash at bank and in hand
25,288
57,721
Creditors: amounts falling due within one year
(1,982,675)
(1,477,128)
Net current assets
283,968
398,053
Total assets less current liabilities
937,513
1,002,431
Creditors: amounts falling due after more than one year
(706,896)
(809,344)
Net assets
230,617
193,087
Called up share capital
100
100
Profit and loss account
230,517
192,987
Shareholders' funds
230,617
193,087
For the year ending 30 April 2023 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 14 November 2023 and were signed on its behalf by
Phillip James HILBECK
Director
Company Registration No. 11929295
PL LONDON LTD
Notes to the Accounts
for the year ended 30 April 2023
PL LONDON LTD is a private company, limited by shares, registered in England and Wales, registration number 11929295. The registered office is 124 CITY ROAD, LONDON, EC1V 2NX..
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.
These financial statements for the year ended 30 April 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 May 2021.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
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Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 May 2022
16,421
476,378
23,605
516,404
Additions
3,183
80,145
4,616
87,944
Disposals
-
(1,818)
-
(1,818)
At 30 April 2023
19,604
554,705
28,221
602,530
At 1 May 2022
5,314
45,939
6,773
58,026
Charge for the year
2,572
30,526
3,861
36,959
At 30 April 2023
7,886
76,465
10,634
94,985
At 30 April 2023
11,718
478,240
17,587
507,545
At 30 April 2022
11,107
430,439
16,832
458,378
PL LONDON LTD
Notes to the Accounts
for the year ended 30 April 2023
5
Investments
Other investments
Valuation at 1 May 2022
146,000
Valuation at 30 April 2023
146,000
Amounts falling due within one year
Trade debtors
1,414,808
1,363,561
Accrued income and prepayments
32,334
30,584
Other debtors
744,768
384,891
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Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
268,043
677,326
Trade creditors
940,096
723,272
Taxes and social security
89,511
75,343
Other creditors
552,849
1,187
Loans from directors
132,176
-
8
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
350,834
449,444
Obligations under finance leases and hire purchase contracts
356,062
359,900
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Average number of employees
During the year the average number of employees was 21 (2022: 21).