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REGISTERED NUMBER: 10664510 (England and Wales)


PLIQO London Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024






PLIQO London Limited (Registered number: 10664510)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


PLIQO London Limited

Company Information
for the year ended 31 March 2024







DIRECTOR: Mr P E Tatham





REGISTERED OFFICE: 5 Cleaver Square
London
SE11 4DW





REGISTERED NUMBER: 10664510 (England and Wales)





ACCOUNTANTS: Alton & Co
Chartered Accountants
239-241 Kennington Lane
London
SE11 5QU

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
PLIQO London 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 PLIQO London Limited for the year ended 31 March 2024 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position 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 PLIQO London Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of PLIQO London Limited and state those matters that we have agreed to state to the director of PLIQO London 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 PLIQO London Limited and its director for our work or for this report.

It is your duty to ensure that PLIQO London 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 loss of PLIQO London Limited. You consider that PLIQO London 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 PLIQO London 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.






Alton & Co
Chartered Accountants
239-241 Kennington Lane
London
SE11 5QU


8 November 2024

PLIQO London Limited (Registered number: 10664510)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 549 732

CURRENT ASSETS
Inventories 59,520 63,992
Debtors 5 7,334 14,499
Cash at bank and in hand 6,760 8,751
73,614 87,242
CREDITORS
Amounts falling due within one year 6 83,280 90,893
NET CURRENT LIABILITIES (9,666 ) (3,651 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(9,117

)

(2,919

)

CREDITORS
Amounts falling due after more than one year 7 4,981 9,046
NET LIABILITIES (14,098 ) (11,965 )

PLIQO London Limited (Registered number: 10664510)

Statement of Financial Position - continued
31 March 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 (14,198 ) (12,065 )
SHAREHOLDERS' FUNDS (14,098 ) (11,965 )

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 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 November 2024 and were signed by:





Mr P E Tatham - Director


PLIQO London Limited (Registered number: 10664510)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

PLIQO London 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.

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


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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is generated from the ordinary trading activities of the business and is recognised when the customer takes delivery of the order.

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.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


PLIQO London Limited (Registered number: 10664510)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

2. ACCOUNTING POLICIES - continued
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.

Going concern
The company is dependent on the financial support from the director of the company. The director expects that this support will continue. On this basis, the director considers it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of this support.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 April 2023
and 31 March 2024 1,830
AMORTISATION
At 1 April 2023 1,098
Amortisation for year 183
At 31 March 2024 1,281
NET BOOK VALUE
At 31 March 2024 549
At 31 March 2023 732

PLIQO London Limited (Registered number: 10664510)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 1,100
Purchase ledger debit balance 713 1,913
Deferred costs 6,486 11,486
VAT 135 -
7,334 14,499

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 3,994 3,909
Trade creditors - 709
VAT - 75
Directors' current accounts 78,586 85,500
Accrued expenses 700 700
83,280 90,893

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 3,994 3,909
Bank loans - 2-5 years 987 5,137
4,981 9,046

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

PLIQO London Limited (Registered number: 10664510)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

9. RESERVES
Retained
earnings
£   

At 1 April 2023 (12,065 )
Deficit for the year (2,133 )
At 31 March 2024 (14,198 )

10. RELATED PARTY DISCLOSURES

Included within creditors are amounts due to key management personnel at balance sheet date of £78,586 (2023: £85,500). No interest is being charged on this balance and it is repayable on demand.