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REGISTERED NUMBER: 05839331 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2024

for

PL Commercial Services Limited

PL Commercial Services Limited (Registered number: 05839331)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


PL Commercial Services Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: P Lawrence
C Lawrence





REGISTERED OFFICE: Shadwell House
65 Lower Green Road
Rusthall
Tunbridge Wells
Kent
TN4 8TW





REGISTERED NUMBER: 05839331 (England and Wales)





ACCOUNTANTS: Peter Hodgson & Co.
Chartered Accountants
Shadwell House
65 Lower Green Road
Tunbridge Wells
Kent
TN4 8TW

PL Commercial Services Limited (Registered number: 05839331)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 2,282 3,043

CURRENT ASSETS
Debtors 5 313 235
Cash at bank 4,619 7,005
4,932 7,240
CREDITORS
Amounts falling due within one year 6 6,705 6,238
NET CURRENT (LIABILITIES)/ASSETS (1,773 ) 1,002
TOTAL ASSETS LESS CURRENT
LIABILITIES

509

4,045

PROVISIONS FOR LIABILITIES 7 434 578
NET ASSETS 75 3,467

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 9 73 3,465
SHAREHOLDERS' FUNDS 75 3,467

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 July 2024 and were signed on its behalf by:



P Lawrence - Director


PL Commercial Services Limited (Registered number: 05839331)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

PL Commercial 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.

Significant judgements and estimates
There are no significant judgements or estimates pertaining to these accounts that the directors feel need to be brought to the attention of users of these accounts.

Turnover
Revenue 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.
Computer equipment - 25% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Financial instruments
Basic financial instruments comprising debtors, bank and cash balances are recorded at fair value.

Functional currency
The functional currency used by the company is £ Sterling.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

PL Commercial Services Limited (Registered number: 05839331)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. PROPERTY, PLANT AND EQUIPMENT
Computer
equipment
£   
COST
At 1 April 2023
and 31 March 2024 11,056
DEPRECIATION
At 1 April 2023 8,013
Charge for year 761
At 31 March 2024 8,774
NET BOOK VALUE
At 31 March 2024 2,282
At 31 March 2023 3,043

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 235 235
Directors' current accounts 78 -
313 235

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 3,337 3,152
Social security and other taxes 400 433
Directors' current accounts - 84
Accrued expenses 2,968 2,569
6,705 6,238

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 434 578

Deferred
tax
£   
Balance at 1 April 2023 578
Provided during year (144 )
Balance at 31 March 2024 434

PL Commercial Services Limited (Registered number: 05839331)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

9. RESERVES
Retained
earnings
£   

At 1 April 2023 3,465
Profit for the year 13,608
Dividends (17,000 )
At 31 March 2024 73