IRIS Accounts Production v24.2.0.383 08359177 director 1.2.23 31.1.24 31.1.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh083591772023-01-31083591772024-01-31083591772023-02-012024-01-31083591772022-01-31083591772022-02-012023-01-31083591772023-01-3108359177ns15:EnglandWales2023-02-012024-01-3108359177ns14:PoundSterling2023-02-012024-01-3108359177ns10:Director12023-02-012024-01-3108359177ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3108359177ns10:SmallEntities2023-02-012024-01-3108359177ns10:AuditExemptWithAccountantsReport2023-02-012024-01-3108359177ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3108359177ns10:FullAccounts2023-02-012024-01-3108359177ns10:RegisteredOffice2023-02-012024-01-3108359177ns5:CurrentFinancialInstruments2024-01-3108359177ns5:CurrentFinancialInstruments2023-01-3108359177ns5:Non-currentFinancialInstruments2024-01-3108359177ns5:Non-currentFinancialInstruments2023-01-3108359177ns5:ShareCapital2024-01-3108359177ns5:ShareCapital2023-01-3108359177ns5:RetainedEarningsAccumulatedLosses2024-01-3108359177ns5:RetainedEarningsAccumulatedLosses2023-01-3108359177ns5:PlantMachinery2023-02-012024-01-3108359177ns5:MotorVehicles2023-02-012024-01-3108359177ns5:ComputerEquipment2023-02-012024-01-3108359177ns5:PlantMachinery2023-01-3108359177ns5:MotorVehicles2023-01-3108359177ns5:ComputerEquipment2023-01-3108359177ns5:PlantMachinery2024-01-3108359177ns5:MotorVehicles2024-01-3108359177ns5:ComputerEquipment2024-01-3108359177ns5:PlantMachinery2023-01-3108359177ns5:MotorVehicles2023-01-3108359177ns5:ComputerEquipment2023-01-3108359177ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-01-3108359177ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-02-012024-01-3108359177ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-01-3108359177ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-01-3108359177ns5:WithinOneYearns5:CurrentFinancialInstruments2024-01-3108359177ns5:WithinOneYearns5:CurrentFinancialInstruments2023-01-31083591771ns10:Director12023-01-31083591771ns10:Director12022-01-31083591771ns10:Director12023-02-012024-01-31083591771ns10:Director12022-02-012023-01-31083591771ns10:Director12024-01-31083591771ns10:Director12023-01-31
REGISTERED NUMBER: 08359177 (England and Wales)















PLY SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024






PLY SERVICES LIMITED (REGISTERED NUMBER: 08359177)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


PLY SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: Mr. P.L. Yeomans





REGISTERED OFFICE: 17 The Oaklands
Tenbury Wells
Worcestershire
WR15 8FB





REGISTERED NUMBER: 08359177 (England and Wales)





ACCOUNTANTS: Folkes Worton LLP
15-17 Church Street
Stourbridge
West Midlands
DY8 1LU

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
PLY SERVICES LIMITED


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of PLY Services Limited for the year ended 31 January 2024 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of PLY Services Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of PLY Services Limited and state those matters that we have agreed to state to the director of PLY Services Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than PLY Services Limited and its director for our work or for this report.

It is your duty to ensure that PLY Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of PLY Services Limited. You consider that PLY Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of PLY Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Folkes Worton LLP
15-17 Church Street
Stourbridge
West Midlands
DY8 1LU


31 October 2024

PLY SERVICES LIMITED (REGISTERED NUMBER: 08359177)

STATEMENT OF FINANCIAL POSITION
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,804 14,549

CURRENT ASSETS
Stocks 8,400 7,200
Debtors 5 11,416 12,144
19,816 19,344
CREDITORS
Amounts falling due within one year 6 40,287 31,679
NET CURRENT LIABILITIES (20,471 ) (12,335 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(8,667

)

2,214

CREDITORS
Amounts falling due after more than one
year

7

(9,019

)

(16,099

)

PROVISIONS FOR LIABILITIES (2,243 ) (2,764 )
NET LIABILITIES (19,929 ) (16,649 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (19,931 ) (16,651 )
SHAREHOLDERS' FUNDS (19,929 ) (16,649 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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
(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.

PLY SERVICES LIMITED (REGISTERED NUMBER: 08359177)

STATEMENT OF FINANCIAL POSITION - continued
31 JANUARY 2024


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 31 October 2024 and were signed by:





Mr. P.L. Yeomans - Director


PLY SERVICES LIMITED (REGISTERED NUMBER: 08359177)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024


1. STATUTORY INFORMATION

PLY 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.

Turnover
Turnover represents net sales of goods/services, excluding value added tax

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

PLY SERVICES LIMITED (REGISTERED NUMBER: 08359177)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2023 14,000 27,315 2,099 43,414
Additions - - 1,190 1,190
At 31 January 2024 14,000 27,315 3,289 44,604
DEPRECIATION
At 1 February 2023 8,094 18,672 2,099 28,865
Charge for year 1,477 2,161 297 3,935
At 31 January 2024 9,571 20,833 2,396 32,800
NET BOOK VALUE
At 31 January 2024 4,429 6,482 893 11,804
At 31 January 2023 5,906 8,643 - 14,549

PLY SERVICES LIMITED (REGISTERED NUMBER: 08359177)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 February 2023
and 31 January 2024 27,315
DEPRECIATION
At 1 February 2023 18,672
Charge for year 2,161
At 31 January 2024 20,833
NET BOOK VALUE
At 31 January 2024 6,482
At 31 January 2023 8,643

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,828 2,726
Other debtors 7,588 9,418
11,416 12,144

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,533 9,594
Hire purchase contracts 5,366 5,366
Trade creditors 8,422 633
Taxation and social security 14,241 14,541
Other creditors 1,725 1,545
40,287 31,679

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 4,250 11,330
Hire purchase contracts 4,769 4,769
9,019 16,099

PLY SERVICES LIMITED (REGISTERED NUMBER: 08359177)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2024 and 31 January 2023:

2024 2023
£    £   
Mr. P.L. Yeomans
Balance outstanding at start of year 9,417 1,821
Amounts advanced 89,386 58,824
Amounts repaid (91,215 ) (51,228 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 7,588 9,417

9. ULTIMATE CONTROLLING PARTY

The control of the company is exercised by the directors by virtue of their shareholdings.