Company Registration No. 12460337 (England and Wales)
PML Property Renovations Ltd
Unaudited accounts
for the year ended 28 February 2023
PML Property Renovations Ltd
Unaudited accounts
Contents
PML Property Renovations Ltd
Company Information
for the year ended 28 February 2023
Directors
Mark Lopez
Peter Lopez
Company Number
12460337 (England and Wales)
Registered Office
3rd Floor
207 Regent Street
London
W1B 3HH
United Kingdom
Accountants
Balanced Books Accountancy Services Ltd
56 Station Road
Station road
Stanbridge
Beds
LU7 9JF
PML Property Renovations Ltd
Statement of financial position
as at 28 February 2023
Tangible assets
4,581
5,672
Cash at bank and in hand
18,272
9,545
Creditors: amounts falling due within one year
(24,000)
(22,646)
Net current liabilities
(5,728)
(11,476)
Net liabilities
(1,147)
(5,804)
Called up share capital
130
130
Profit and loss account
(1,277)
(5,934)
Shareholders' funds
(1,147)
(5,804)
For the year ending 28 February 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 directors acknowledge their 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 of Directors and authorised for issue on 28 November 2023 and were signed on its behalf by
Mark Lopez
Director
Company Registration No. 12460337
PML Property Renovations Ltd
Notes to the Accounts
for the year ended 28 February 2023
PML Property Renovations Ltd is a private company, limited by shares, registered in England and Wales, registration number 12460337. The registered office is 3rd Floor, 207 Regent Street, London, W1B 3HH, United Kingdom.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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:
4
Tangible fixed assets
Plant & machinery
Amounts falling due within one year
PML Property Renovations Ltd
Notes to the Accounts
for the year ended 28 February 2023
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
3,645
1,029
Other creditors
5,095
5,156
Loans from directors
10,669
15,711
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
30 B shares of £1 each
30
30
8
Average number of employees
During the year the average number of employees was 3 (2022: 2).