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REGISTERED NUMBER: 01229001 (England and Wales)















Financial Statements for the Year Ended 31 May 2023

for

P & L (Cash Registers) Limited

P & L (Cash Registers) Limited (Registered number: 01229001)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 4


P & L (Cash Registers) Limited

Company Information
for the Year Ended 31 May 2023







DIRECTORS: Mrs S Boakes
Mr G W Boakes





SECRETARY: Mr G W Boakes





REGISTERED OFFICE: 58 West Street
Dunstable
Bedfordshire
LU6 1TA





REGISTERED NUMBER: 01229001 (England and Wales)

P & L (Cash Registers) Limited (Registered number: 01229001)

Balance Sheet
31 May 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 61,683 67,021

CURRENT ASSETS
Stocks 26,000 25,200
Debtors 5 33,767 40,985
Cash at bank and in hand 387 2,438
60,154 68,623
CREDITORS
Amounts falling due within one year 6 (132,980 ) (134,565 )
NET CURRENT LIABILITIES (72,826 ) (65,942 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(11,143

)

1,079

CREDITORS
Amounts falling due after more than one
year

7

(59,334

)

(65,132

)
NET LIABILITIES (70,477 ) (64,053 )

CAPITAL AND RESERVES
Called up share capital 150 150
Retained earnings (70,627 ) (64,203 )
SHAREHOLDERS' FUNDS (70,477 ) (64,053 )

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

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

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 22 February 2024 and were signed on its behalf by:





Mr G W Boakes - Director


P & L (Cash Registers) Limited (Registered number: 01229001)

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

1. STATUTORY INFORMATION

P & L (Cash Registers) 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.
Freehold property - 2.5% on cost
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% 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 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.

Fixed assets
All fixed assets are initially recorded at cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

P & L (Cash Registers) Limited (Registered number: 01229001)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 June 2022
and 31 May 2023 211,625 36,504 248,129
DEPRECIATION
At 1 June 2022 144,815 36,293 181,108
Charge for year 5,290 48 5,338
At 31 May 2023 150,105 36,341 186,446
NET BOOK VALUE
At 31 May 2023 61,520 163 61,683
At 31 May 2022 66,810 211 67,021

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 6,097 13,315
Other debtors 27,670 27,670
33,767 40,985

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,000 4,352
Trade creditors 2,951 6,435
Taxation and social security 13,057 14,082
Other creditors 111,972 109,696
132,980 134,565

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 35,334 41,132
Other creditors 24,000 24,000
59,334 65,132