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REGISTERED NUMBER: 03322308 (England and Wales)















Financial Statements For The Year Ended 30th April 2023

for

Plexline Services Limited

Plexline Services Limited (Registered number: 03322308)






Contents of the Financial Statements
For The Year Ended 30th April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Plexline Services Limited

Company Information
For The Year Ended 30th April 2023







DIRECTORS: Ms L M Burton
A I McLennan





SECRETARY: A I McLennan





REGISTERED OFFICE: 64 High Street
Belper
Derbyshire
DE56 1GF





REGISTERED NUMBER: 03322308 (England and Wales)





ACCOUNTANTS: L& S Accountancy Services
64 High Street
Belper
Derbyshire
DE56 1GF

Plexline Services Limited (Registered number: 03322308)

Balance Sheet
30th April 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 319 204
Investment property 5 121,405 121,405
121,724 121,609

CURRENT ASSETS
Debtors 6 675 675
Cash at bank 15,374 10,725
16,049 11,400
CREDITORS
Amounts falling due within one year 7 497,546 497,185
NET CURRENT LIABILITIES (481,497 ) (485,785 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(359,773

)

(364,176

)

PROVISIONS FOR LIABILITIES 61 39
NET LIABILITIES (359,834 ) (364,215 )

CAPITAL AND RESERVES
Called up share capital 130 130
Retained earnings (359,964 ) (364,345 )
SHAREHOLDERS' FUNDS (359,834 ) (364,215 )

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

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

Plexline Services Limited (Registered number: 03322308)

Balance Sheet - continued
30th April 2023


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

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 8th November 2023 and were signed on its behalf by:





Ms L M Burton - Director


Plexline Services Limited (Registered number: 03322308)

Notes to the Financial Statements
For The Year Ended 30th April 2023

1. STATUTORY INFORMATION

Plexline Services 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investment property
Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show true and fair view.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 2 ).

Plexline Services Limited (Registered number: 03322308)

Notes to the Financial Statements - continued
For The Year Ended 30th April 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st May 2022 304
Additions 322
At 30th April 2023 626
DEPRECIATION
At 1st May 2022 100
Charge for year 207
At 30th April 2023 307
NET BOOK VALUE
At 30th April 2023 319
At 30th April 2022 204

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st May 2022
and 30th April 2023 121,405
NET BOOK VALUE
At 30th April 2023 121,405
At 30th April 2022 121,405

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 675 675

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 1,006 645
Other creditors 496,540 496,540
497,546 497,185

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 30th April 2022, the company owes its Directors Ms. L. Burton and Mr. A. I. McLennan £494,722 (2021: £494,464). This loan is unsecured, interest free and is repayable on demand.

9. ULTIMATE CONTROLLING PARTY

There is no one controlling party of the company.