IRIS Accounts Production v24.3.0.553 13579623 director 31.12.23 1.1.23 31.12.23 31.12.23 true false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh135796232022-12-31135796232023-12-31135796232023-01-012023-12-31135796232021-12-31135796232022-01-012022-12-31135796232022-12-3113579623ns15:EnglandWales2023-01-012023-12-3113579623ns14:PoundSterling2023-01-012023-12-3113579623ns10:Director12023-01-012023-12-3113579623ns10:Consolidated2023-12-3113579623ns10:ConsolidatedGroupCompanyAccounts2023-01-012023-12-3113579623ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3113579623ns10:Consolidatedns10:SmallEntities2023-01-012023-12-3113579623ns10:Consolidatedns10:AuditExemptWithAccountantsReport2023-01-012023-12-3113579623ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3113579623ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3113579623ns10:Consolidatedns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3113579623ns10:SmallCompaniesRegimeForAccountsns10:Consolidated2023-01-012023-12-3113579623ns10:FullAccounts2023-01-012023-12-3113579623ns10:Consolidated2023-01-012023-12-3113579623ns10:RegisteredOffice2023-01-012023-12-3113579623ns10:Consolidated2022-01-012022-12-3113579623ns5:ShareCapital2023-12-3113579623ns5:ShareCapital2022-12-3113579623ns5:FurtherSpecificReserve2ComponentTotalEquity2023-12-3113579623ns5:FurtherSpecificReserve2ComponentTotalEquity2022-12-3113579623ns5:RetainedEarningsAccumulatedLosses2023-12-3113579623ns5:RetainedEarningsAccumulatedLosses2022-12-3113579623ns5:ShareCapital2022-01-012022-12-3113579623ns5:RetainedEarningsAccumulatedLosses2023-01-012023-12-3113579623ns5:FurtherSpecificReserve2ComponentTotalEquity2023-01-012023-12-3113579623ns5:CostValuation2022-12-31
REGISTERED NUMBER: 13579623 (England and Wales)















Report of the Director and

Unaudited Consolidated Financial Statements for the Year End

for

Plmd Operations Ltd

Plmd Operations Ltd (Registered number: 13579623)






Contents of the Consolidated Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Report of the Director 2

Consolidated Income Statement 3

Consolidated Balance Sheet 5

Company Balance Sheet 9

Consolidated Statement of
Changes in Equity

12

Company Statement of Changes
in Equity

13

Notes to the Consolidated
Financial Statements

14


Plmd Operations Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTOR: Ajay Kapur





REGISTERED OFFICE: 30 Penny Brookes Street
London
E15 1GP





REGISTERED NUMBER: 13579623 (England and Wales)





ACCOUNTANTS: AITA LTD
Accountants & Tax Advisor
837 Cranbrook Road
Ilford
England
IG6 1JD

Plmd Operations Ltd (Registered number: 13579623)

Report of the Director
for the Year Ended 31 December 2023

The director presents his report with the financial statements of the company and the group for the year ended 31 December 2023.

PRINCIPAL ACTIVITY
The principal activity of the group in the year under review was that of Overall Operations.

DIRECTOR
Ajay Kapur held office during the whole of the period from 1 January 2023 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Ajay Kapur - Director


24 September 2024

Plmd Operations Ltd (Registered number: 13579623)

Consolidated
Income Statement
for the Year Ended 31 December 2023

31.12.23 31.12.22
Notes £    £   

TURNOVER 1,439,933 1,298,329

Cost of sales (897,200 ) (888,621 )
GROSS PROFIT 542,733 409,708

Administrative expenses (461,520 ) (432,728 )
81,213 (23,020 )

Other operating income 2,388 2,783
OPERATING PROFIT/(LOSS) and
PROFIT/(LOSS)
BEFORE TAXATION

83,601

(20,237

)

Tax on profit/(loss) 6 (1,772 ) (1,387 )
PROFIT/(LOSS) FOR
THE FINANCIAL
YEAR


81,829


(21,624


)

Profit/(loss) attributable to:
Owners of the parent 81,829 (21,624 )

Plmd Operations Ltd (Registered number: 13579623)

Consolidated
Income Statement
for the Year Ended 31 December 2023


Plmd Operations Ltd (Registered number: 13579623)

Consolidated Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Tangible assets 8 5,243 6,932
Investments 9 - -
5,243 6,932

CURRENT ASSETS
Debtors 10 1,472,720 1,046,252
Cash at bank and in hand 37,430 612
1,510,150 1,046,864
CREDITORS
Amounts falling due
within one year

11

(776,206

)

(855,697

)
NET CURRENT ASSETS 733,944 191,167
TOTAL ASSETS LESS
CURRENT
LIABILITIES


739,187


198,099

CREDITORS
Amounts falling due after
more than one year

12

(477,357

)

(209,461

)

PROVISIONS FOR LIABILITIES 13 (211,363 ) -

Plmd Operations Ltd (Registered number: 13579623)

Consolidated Balance Sheet - continued
31 December 2023

31.12.23 31.12.22
Notes £    £   
NET ASSETS/(LIABILITIES) 50,467 (11,362 )

Plmd Operations Ltd (Registered number: 13579623)

Consolidated Balance Sheet - continued
31 December 2023

31.12.23 31.12.22
Notes £    £   
CAPITAL AND RESERVES
Called up share capital 1,203 1,203
Other reserves (20,000 ) -
Retained earnings 69,264 (12,565 )
50,467 (11,362 )

The company and the group are entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company and the group to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a) ensuring that the group 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 and the group as at the end of each financial year and of the group's 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 and the group.

Plmd Operations Ltd (Registered number: 13579623)

Consolidated Balance Sheet - continued
31 December 2023


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

The financial statements were approved by the director and authorised for issue on 24 September 2024 and were signed by:





Ajay Kapur - Director


Plmd Operations Ltd (Registered number: 13579623)

Company Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Tangible assets 8 - -
Investments 9 1,103 1,103
1,103 1,103

CURRENT ASSETS
Cash in hand 100 100
TOTAL ASSETS LESS
CURRENT
LIABILITIES


1,203


1,203

Plmd Operations Ltd (Registered number: 13579623)

Company Balance Sheet - continued
31 December 2023

31.12.23 31.12.22
Notes £    £   
CAPITAL AND RESERVES
Called up share capital 1,203 1,203
Other reserves (20,000 ) -
Retained earnings 20,000 -
1,203 1,203

Company's profit for the
financial year

20,000

-

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

Plmd Operations Ltd (Registered number: 13579623)

Company Balance Sheet - continued
31 December 2023

(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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 24 September 2024 and were signed by:





Ajay Kapur - Director


Plmd Operations Ltd (Registered number: 13579623)

Consolidated Statement of Changes in Equity
for the Year Ended 31 December 2023

Called up
share Retained Other Total
capital earnings reserves equity
£    £    £    £   
Balance at 1 January 2022 - 9,059 - 9,059

Changes in equity
Issue of share capital 1,203 - - 1,203
Total comprehensive income - (21,624 ) - (21,624 )
Balance at 31 December 2022 1,203 (12,565 ) - (11,362 )

Changes in equity
Total comprehensive income - 81,829 (20,000 ) 61,829
Balance at 31 December 2023 1,203 69,264 (20,000 ) 50,467

Plmd Operations Ltd (Registered number: 13579623)

Company Statement of Changes in Equity
for the Year Ended 31 December 2023

Called up
share Retained Other Total
capital earnings reserves equity
£    £    £    £   

Changes in equity
Issue of share capital 1,203 - - 1,203
Balance at 31 December 2022 1,203 - - 1,203

Changes in equity
Total comprehensive income - 20,000 (20,000 ) -
Balance at 31 December 2023 1,203 20,000 (20,000 ) 1,203

Plmd Operations Ltd (Registered number: 13579623)

Notes to the Consolidated Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Plmd Operations Ltd 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 General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets. The accounts have been prepared on the going concern basis as the director is of the opinion that the group will meet its liabilities as and when due, due to the continued support of the director.

Plmd Operations Ltd (Registered number: 13579623)

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

3. ACCOUNTING POLICIES - continued

Basis of consolidation
The consolidated financial statements include the financial statements of the company and its subsidiary undertakings made up to 31 December 2023. A subsidiary is an entity that is controlled by the parent. The results of subsidiary undertakings are included in the consolidated profit and loss account from the date that control commences until the date that control ceases. Control is established when the company has the power to govern the operating and financial policies of an entity so as to obtain benefits from activities. In assessing control, the group takes into consideration potential voting rights that are currently exercisable.

Related party exemption
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.

Transactions between group entities which have been eliminated on consolidation are not disclosed within the financial statements.

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Plmd Operations Ltd (Registered number: 13579623)

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

3. ACCOUNTING POLICIES - continued

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 - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated 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.


Plmd Operations Ltd (Registered number: 13579623)

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

3. ACCOUNTING POLICIES - continued
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.

Investments
Investments are stated at cost less provision for diminution in value.

Going concern
The total current liabilities exceeds the total assets of the company as at 31st Dec 2023. The director has confirmed that the company will have continuous support from the creditors. It is on this basis Accounts have bee prepared on the going concern basis.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transactions costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

Plmd Operations Ltd (Registered number: 13579623)

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

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 7 ) .

5. OPERATING PROFIT/(LOSS)

The operating profit (2022 - operating loss) is stated after charging:

31.12.23 31.12.22
£    £   
Depreciation - owned assets 1,689 935

6. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
31.12.23 31.12.22
£    £   
Current tax:
UK corporation tax 1,772 1,387
Tax on profit/(loss) 1,772 1,387

Plmd Operations Ltd (Registered number: 13579623)

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

7. INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.


8. TANGIBLE FIXED ASSETS

Group
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2023
and 31 December 2023 1,577 17,115 2,331 21,023
DEPRECIATION
At 1 January 2023 606 13,485 - 14,091
Charge for year 194 726 769 1,689
At 31 December 2023 800 14,211 769 15,780
NET BOOK VALUE
At 31 December 2023 777 2,904 1,562 5,243
At 31 December 2022 971 3,630 2,331 6,932

Plmd Operations Ltd (Registered number: 13579623)

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

9. FIXED ASSET INVESTMENTS

Company
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 1,103
NET BOOK VALUE
At 31 December 2023 1,103
At 31 December 2022 1,103

The group or the company's investments at the Balance Sheet date in the share capital of companies include the following:

Subsidiaries

APMD LTD
Registered office: England
Nature of business: Due Diligence & Project management
%
Class of shares: holding
Ordinary 100.00

Plmd Operations Ltd (Registered number: 13579623)

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

9. FIXED ASSET INVESTMENTS - continued

BCMD LTD
Registered office: England
Nature of business: Property construction
%
Class of shares: holding
Ordinary 100.00

GEMD LTD
Registered office: England
Nature of business: IT consultancy
%
Class of shares: holding
Ordinary 100.00

NEMD LTD
Registered office: England
Nature of business: Estate management
%
Class of shares: holding
Ordinary 100.00

PEMD LTD
Registered office: England
Nature of business: HR management
%
Class of shares: holding
Ordinary 100.00

Plmd Operations Ltd (Registered number: 13579623)

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

9. FIXED ASSET INVESTMENTS - continued

HRMD LTD
Registered office: England
Nature of business: HR management
%
Class of shares: holding
Ordinary 100.00

REMD LTD
Registered office: England
Nature of business: ESTATE AGENCY
%
Class of shares: holding
Ordinary 100.00


10. DEBTORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR

Group
31.12.23 31.12.22
£    £   
Trade debtors 1,446,715 1,020,185
Other debtors 26,005 26,067
1,472,720 1,046,252

Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Plmd Operations Ltd (Registered number: 13579623)

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

11. CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR

Group
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 50,306 57,764
Trade creditors 515,623 338,661
Amounts owed to group undertakings - 20,153
Social security and other
taxes

-

92,933
VAT 13,886 -
Other creditors 196,391 346,186
776,206 855,697

12. CREDITORS: AMOUNTS FALLING DUE
AFTER MORE THAN ONE YEAR

Group
31.12.23 31.12.22
£    £   
Bank loans - 1-2 years - 9,461
Social security and other
taxes

-

50,000
Directors' loan accounts 477,357 150,000
477,357 209,461

Plmd Operations Ltd (Registered number: 13579623)

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

13. PROVISIONS FOR LIABILITIES

Group
31.12.23 31.12.22
£    £   
Other provisions 211,363 -

Aggregate amounts 211,363 -

14. RELATED PARTY DISCLOSURES

During the year, total dividends of £20,000 were paid to the director .

At the balance sheet date, the group owed £ 477,357 to Mr Ajay Kapur, the director.