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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
Page
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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.
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PL LONDON LTD Statement of financial position as at 30 April 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
507,545 
458,378 
Investments
146,000 
146,000 
653,545 
604,378 
Current assets
Debtors
2,241,355 
1,817,460 
Cash at bank and in hand
25,288 
57,721 
2,266,643 
1,875,181 
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 
Capital and reserves
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
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PL LONDON LTD Notes to the Accounts for the year ended 30 April 2023
1
Statutory information
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.
3
Accounting policies
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.
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 £ 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:
4
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 
Depreciation
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 
Net book value
At 30 April 2023
11,718 
478,240 
17,587 
507,545 
At 30 April 2022
11,107 
430,439 
16,832 
458,378 
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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 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
49,445 
38,424 
Trade debtors
1,414,808 
1,363,561 
Accrued income and prepayments
32,334 
30,584 
Other debtors
744,768 
384,891 
2,241,355 
1,817,460 
7
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 
- 
1,982,675 
1,477,128 
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 
706,896 
809,344 
9
Average number of employees
During the year the average number of employees was 21 (2022: 21).
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