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REGISTERED NUMBER: 07431796 (England and Wales)









Unaudited Financial Statements

for the Year Ended 30 November 2023

for

Plug Marketing Limited

Plug Marketing Limited (Registered number: 07431796)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


Plug Marketing Limited (Registered number: 07431796)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 3,947 3,550
Investments 6 50 -
3,997 3,550

CURRENT ASSETS
Debtors 7 72,593 75,466
Prepayments and accrued income 7,450 -
Cash at bank 6,244 17,329
86,287 92,795
CREDITORS
Amounts falling due within one year 8 (42,806 ) (48,306 )
NET CURRENT ASSETS 43,481 44,489
TOTAL ASSETS LESS CURRENT LIABILITIES 47,478 48,039

CREDITORS
Amounts falling due after more than one
year

9

(11,021

)

(18,109

)
NET ASSETS 36,457 29,930

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 36,456 29,929
SHAREHOLDERS' FUNDS 36,457 29,930

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 director acknowledges her 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.

Plug Marketing Limited (Registered number: 07431796)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 August 2024 and were signed by:





Mrs C E Perry - Director


Plug Marketing Limited (Registered number: 07431796)

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

1. STATUTORY INFORMATION

Plug Marketing Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07431796

Registered office: Westminster House
10 Westminster Road
Macclesfield
Cheshire
SK10 1BX

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, net of VAT.

When the outcome of a transaction can be estimated reliably, turnover from services is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to finalisation of work completed.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% on cost
Computer equipment - 25% on cost

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

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 1 (2022 - 1 ) .

Plug Marketing Limited (Registered number: 07431796)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 35,000
AMORTISATION
At 1 December 2022
and 30 November 2023 35,000
NET BOOK VALUE
At 30 November 2023 -
At 30 November 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 December 2022 7,870 3,362 11,232
Additions 1,099 - 1,099
At 30 November 2023 8,969 3,362 12,331
DEPRECIATION
At 1 December 2022 4,320 3,362 7,682
Charge for year 702 - 702
At 30 November 2023 5,022 3,362 8,384
NET BOOK VALUE
At 30 November 2023 3,947 - 3,947
At 30 November 2022 3,550 - 3,550

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
Additions 50
At 30 November 2023 50
NET BOOK VALUE
At 30 November 2023 50

Plug Marketing Limited (Registered number: 07431796)

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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 11,239 17,956
Other debtors 61,354 57,510
72,593 75,466

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 7,087 6,915
Taxation and social security 34,613 40,394
Other creditors 1,106 997
42,806 48,306

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans 11,021 18,109

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.11.23 30.11.22
£    £   
Within one year 14,900 -
Between one and five years 44,701 -
59,601 -

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2023 and 30 November 2022:

30.11.23 30.11.22
£    £   
Mrs C E Perry
Balance outstanding at start of year 52,510 44,782
Amounts advanced 8,844 95,728
Amounts repaid - (88,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 61,354 52,510

Loans in excess of £10,000 incur interest of 2.25% per annum and were repaid within 9 months.