Registered number
08357362
PLG Engineering Systems Ltd
Filleted Accounts
31 January 2024
PLG Engineering Systems Ltd
Registered number: 08357362
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 26,422 1,158
Current assets
Stocks 1,123 5,123
Debtors 4 3,513 62,206
Cash at bank and in hand 4,063 20,040
8,699 87,369
Creditors: amounts falling due within one year 5 (25,941) (66,288)
Net current (liabilities)/assets (17,242) 21,081
Total assets less current liabilities 9,180 22,239
Creditors: amounts falling due after more than one year 6 - (21,031)
Net assets 9,180 1,208
Capital and reserves
Called up share capital 100 100
Profit and loss account 9,080 1,108
Shareholders' funds 9,180 1,208
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Patrick Geleziunas
Director
Approved by the board on 8 October 2024
PLG Engineering Systems Ltd
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 February 2023 1,544 - 1,544
Additions - 34,200 34,200
At 31 January 2024 1,544 34,200 35,744
Depreciation
At 1 February 2023 386 - 386
Charge for the year 386 8,550 8,936
At 31 January 2024 772 8,550 9,322
Net book value
At 31 January 2024 772 25,650 26,422
At 31 January 2023 1,158 - 1,158
4 Debtors 2024 2023
£ £
Trade debtors - 59,110
Other debtors 3,513 3,096
3,513 62,206
5 Creditors: amounts falling due within one year 2024 2023
£ £
Corporation tax 14,318 14,186
Other taxes and social security costs 1,623 31,406
Other creditors 10,000 20,696
25,941 66,288
6 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors - 21,031
7 Other information
PLG Engineering Systems Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Unit 10
Lee Bridge Industrial Estate
Halifax
HX3 5AT
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