IRIS Accounts Production v24.1.0.578 08184586 Board of Directors Board of Directors 1.9.22 31.8.23 31.8.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh081845862022-08-31081845862023-08-31081845862022-09-012023-08-31081845862021-08-31081845862021-09-012022-08-31081845862022-08-3108184586ns15:EnglandWales2022-09-012023-08-3108184586ns14:PoundSterling2022-09-012023-08-3108184586ns10:Director12022-09-012023-08-3108184586ns10:Director22022-09-012023-08-3108184586ns10:PrivateLimitedCompanyLtd2022-09-012023-08-3108184586ns10:SmallEntities2022-09-012023-08-3108184586ns10:AuditExempt-NoAccountantsReport2022-09-012023-08-3108184586ns10:SmallCompaniesRegimeForDirectorsReport2022-09-012023-08-3108184586ns10:SmallCompaniesRegimeForAccounts2022-09-012023-08-3108184586ns10:AbridgedAccounts2022-09-012023-08-3108184586ns10:RegisteredOffice2022-09-012023-08-3108184586ns5:CurrentFinancialInstruments2023-08-3108184586ns5:CurrentFinancialInstruments2022-08-3108184586ns5:Non-currentFinancialInstruments2023-08-3108184586ns5:Non-currentFinancialInstruments2022-08-3108184586ns5:ShareCapital2023-08-3108184586ns5:ShareCapital2022-08-3108184586ns5:RetainedEarningsAccumulatedLosses2023-08-3108184586ns5:RetainedEarningsAccumulatedLosses2022-08-3108184586ns5:PlantMachinery2022-09-012023-08-3108184586ns5:MotorVehicles2022-09-012023-08-3108184586ns5:ComputerEquipment2022-09-012023-08-3108184586ns5:LeasedAssetsHeldAsLessee2022-09-012023-08-3108184586ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-08-3108184586ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-08-3108184586ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-08-3108184586ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-08-31
REGISTERED NUMBER: 08184586 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 August 2023

for

PV Plus Limited

PV Plus Limited (Registered number: 08184586)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


PV Plus Limited

Company Information
for the Year Ended 31 August 2023







DIRECTORS: Mrs M Parker-Fellows
Mr L P Parker-Fellows





REGISTERED OFFICE: Unit 9
Winchester Hill Business Park
Winchester Hill
Romsey
Hampshire
SO51 7UT





REGISTERED NUMBER: 08184586 (England and Wales)





ACCOUNTANTS: Ward Goodman
4 Cedar Park
Cobham Road
Ferndown Industrial Estate
Wimborne
Dorset
BH21 7SF

PV Plus Limited (Registered number: 08184586)

Abridged Balance Sheet
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 96,399 148,904

CURRENT ASSETS
Stocks 60,000 45,847
Debtors 196,538 160,431
Prepayments and accrued income 15,023 -
Cash at bank 324,268 62,642
595,829 268,920
CREDITORS
Amounts falling due within one year 285,954 219,536
NET CURRENT ASSETS 309,875 49,384
TOTAL ASSETS LESS CURRENT
LIABILITIES

406,274

198,288

CREDITORS
Amounts falling due after more than one year (45,819 ) (69,731 )

PROVISIONS FOR LIABILITIES (24,313 ) (11,572 )

ACCRUALS AND DEFERRED INCOME - (6,000 )
NET ASSETS 336,142 110,985

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 336,042 110,885
SHAREHOLDERS' FUNDS 336,142 110,985

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

PV Plus Limited (Registered number: 08184586)

Abridged Balance Sheet - continued
31 August 2023


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 August 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 19 April 2024 and were signed on its behalf by:




Mr L P Parker-Fellows - Director



Mrs M Parker-Fellows - Director


PV Plus Limited (Registered number: 08184586)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

PV Plus 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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

PV Plus Limited (Registered number: 08184586)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2022 192,285
Additions 57,332
Disposals (88,000 )
At 31 August 2023 161,617
DEPRECIATION
At 1 September 2022 43,381
Charge for year 21,837
At 31 August 2023 65,218
NET BOOK VALUE
At 31 August 2023 96,399
At 31 August 2022 148,904

The net book value of motor vehicles held under hire purchase agreement was £60,230 (prior year: £59,091).

5. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans - 10,000

Amounts falling due between one and two years:
Bank loans - 1-2 years - 27,500