IRIS Accounts Production v23.2.0.158 03274294 Board of Directors 1.12.22 30.11.23 30.11.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh032742942022-11-30032742942023-11-30032742942022-12-012023-11-30032742942021-11-30032742942021-12-012022-11-30032742942022-11-3003274294ns10:Originalns15:EnglandWales2022-12-012023-11-3003274294ns14:PoundSterlingns10:Original2022-12-012023-11-3003274294ns10:Originalns10:Director12022-12-012023-11-3003274294ns10:Original2022-12-012023-11-3003274294ns10:Original2023-11-3003274294ns10:Originalns10:PrivateLimitedCompanyLtd2022-12-012023-11-3003274294ns10:Originalns10:SmallEntities2022-12-012023-11-3003274294ns10:Originalns10:AuditExempt-NoAccountantsReport2022-12-012023-11-3003274294ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-3003274294ns10:SmallCompaniesRegimeForAccountsns10:Original2022-12-012023-11-3003274294ns10:Originalns10:FullAccounts2022-12-012023-11-3003274294ns10:Originalns10:Director22022-12-012023-11-3003274294ns10:Originalns10:Director32022-12-012023-11-3003274294ns10:Originalns10:RegisteredOffice2022-12-012023-11-3003274294ns10:Original2022-11-3003274294ns10:Originalns5:CurrentFinancialInstruments2023-11-3003274294ns10:Originalns5:CurrentFinancialInstruments2022-11-3003274294ns5:ShareCapitalns10:Original2023-11-3003274294ns5:ShareCapitalns10:Original2022-11-3003274294ns10:Originalns5:CapitalRedemptionReserve2023-11-3003274294ns10:Originalns5:CapitalRedemptionReserve2022-11-3003274294ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-11-3003274294ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-11-3003274294ns10:Original2021-12-012022-11-3003274294ns10:Originalns5:LandBuildings2022-11-3003274294ns10:Originalns5:PlantMachinery2022-11-3003274294ns10:Original2022-11-3003274294ns10:Originalns5:LandBuildings2022-12-012023-11-3003274294ns10:Originalns5:PlantMachinery2022-12-012023-11-3003274294ns10:Originalns5:LandBuildings2023-11-3003274294ns10:Originalns5:PlantMachinery2023-11-3003274294ns10:Originalns5:LandBuildings2022-11-3003274294ns10:Originalns5:PlantMachinery2022-11-3003274294ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-11-3003274294ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-11-30
REGISTERED NUMBER: 03274294 (England and Wales)























Unaudited Financial Statements

for the Year Ended 30 November 2023

for

PLF Limited

PLF Limited (Registered number: 03274294)

Contents of the Financial Statements
for the Year Ended 30 November 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PLF Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: Mr R Porteus
Mr P G Kearney
Mr J Jackson-Porteus





REGISTERED OFFICE: The Old School
Fleetwood Road
Esprick
Preston
Lancashire
PR4 3HJ





REGISTERED NUMBER: 03274294 (England and Wales)





ACCOUNTANTS: McDade Roberts Accountants Limited
Chartered Accountants
316 Blackpool Road
Fulwood
Preston
Lancashire
PR2 3AE

PLF Limited (Registered number: 03274294)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 644,782 445,465

CURRENT ASSETS
Debtors 5 506,053 304,356
Cash at bank 3,006,182 2,361,582
3,512,235 2,665,938
CREDITORS
Amounts falling due within one year 6 788,727 581,067
NET CURRENT ASSETS 2,723,508 2,084,871
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,368,290

2,530,336

PROVISIONS FOR LIABILITIES 120,963 82,605
NET ASSETS 3,247,327 2,447,731

CAPITAL AND RESERVES
Called up share capital 1,102 1,102
Capital redemption reserve 101 101
Retained earnings 3,246,124 2,446,528
SHAREHOLDERS' FUNDS 3,247,327 2,447,731

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

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

PLF Limited (Registered number: 03274294)

Balance Sheet - continued
30 November 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 March 2024 and were signed on its behalf by:





Mr J Jackson-Porteus - Director


PLF Limited (Registered number: 03274294)

Notes to the Financial Statements
for the Year Ended 30 November 2023


1. STATUTORY INFORMATION

PLF 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 - going concern
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.
Freehold property - 1% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 50% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

PLF Limited (Registered number: 03274294)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023


2. ACCOUNTING POLICIES - continued

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 29 (2022 - 28 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 December 2022 208,761 518,181 726,942
Additions - 450,749 450,749
Disposals - (221,172 ) (221,172 )
At 30 November 2023 208,761 747,758 956,519
DEPRECIATION
At 1 December 2022 43,546 237,931 281,477
Charge for year 2,476 147,919 150,395
Eliminated on disposal - (120,135 ) (120,135 )
At 30 November 2023 46,022 265,715 311,737
NET BOOK VALUE
At 30 November 2023 162,739 482,043 644,782
At 30 November 2022 165,215 280,250 445,465

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Amounts recoverable on contracts 209,335 123,196
Other debtors 296,718 181,160
506,053 304,356

PLF Limited (Registered number: 03274294)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade creditors 480,785 337,369
Taxation and social security 209,094 181,530
Other creditors 98,848 62,168
788,727 581,067

7. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.