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REGISTERED NUMBER: 11515411 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 April 2024

for

PLM Partnership Ltd

PLM Partnership Ltd (Registered number: 11515411)

Contents of the Financial Statements
for the Year Ended 30 April 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


PLM Partnership Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTOR: R Buckle



REGISTERED OFFICE: 25 Westend Courtyard
Grove Lane
Stonehouse
Gloucestershire
GL10 3FA



REGISTERED NUMBER: 11515411 (England and Wales)



ACCOUNTANTS: HATS Gloucester Ltd
48 Hucclecote Road
Gloucester
Gloucestershire
GL3 3RS



BANKERS: Lloyds Bank
Butler Place
1 Legg Street
Chelmsford
Essex
CM1 1JS

PLM Partnership Ltd (Registered number: 11515411)

Statement of Financial Position
30 April 2024

30/4/24 30/4/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 54,023 5,993

CURRENT ASSETS
Debtors 5 25,993 14,712
Cash at bank 138,063 63,143
164,056 77,855
CREDITORS
Amounts falling due within one year 6 34,074 26,258
NET CURRENT ASSETS 129,982 51,597
TOTAL ASSETS LESS CURRENT
LIABILITIES

184,005

57,590

CREDITORS
Amounts falling due after more than one
year

7

(39,715

)

-

PROVISIONS FOR LIABILITIES (12,425 ) -
NET ASSETS 131,865 57,590

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 131,864 57,589
SHAREHOLDERS' FUNDS 131,865 57,590

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

PLM Partnership Ltd (Registered number: 11515411)

Statement of Financial Position - continued
30 April 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 1 November 2024 and were signed by:





R Buckle - Director


PLM Partnership Ltd (Registered number: 11515411)

Notes to the Financial Statements
for the Year Ended 30 April 2024


1. STATUTORY INFORMATION

PLM Partnership 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 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 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 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 - 33% on cost

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.

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.

PLM Partnership Ltd (Registered number: 11515411)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


2. ACCOUNTING POLICIES - continued

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 3 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
Cost
At 1 May 2023 1,998 - 16,315 18,313
Additions 396 61,390 306 62,092
At 30 April 2024 2,394 61,390 16,621 80,405
Depreciation
At 1 May 2023 500 - 11,820 12,320
Charge for year 473 10,232 3,357 14,062
At 30 April 2024 973 10,232 15,177 26,382
Net book value
At 30 April 2024 1,421 51,158 1,444 54,023
At 30 April 2023 1,498 - 4,495 5,993

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
Cost
Additions 61,390
At 30 April 2024 61,390
Depreciation
Charge for year 10,232
At 30 April 2024 10,232
Net book value
At 30 April 2024 51,158

PLM Partnership Ltd (Registered number: 11515411)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Trade debtors 21,276 11,250
Amounts owed by group undertakings 806 403
Other debtors 3,911 3,059
25,993 14,712

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Hire purchase contracts (see note 8) 7,374 -
Trade creditors 630 -
Taxation and social security 22,413 23,990
Other creditors 3,657 2,268
34,074 26,258

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/4/24 30/4/23
£    £   
Hire purchase contracts (see note 8) 39,715 -

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
30/4/24 30/4/23
£    £   
Net obligations repayable:
Within one year 7,374 -
Between one and five years 39,715 -
47,089 -

Non-cancellable operating leases
30/4/24 30/4/23
£    £   
Within one year 2,370 2,265

9. RELATED PARTY DISCLOSURES

LMRD Holdings Ltd
Parent company

At 30 April 2024, PLM Partnership Ltd was owed £806 (2023 - £403) by the parent company. The balance is interest free and has no fixed repayment terms.

PLM Partnership Ltd (Registered number: 11515411)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


10. ULTIMATE CONTROLLING PARTY

The ultimate parent undertaking is LMRD Holdings Ltd, a company registered in England and Wales. The company is controlled by R Buckle, director of PLM Partnership Ltd. LMRD Holdings Ltd, which shares the same registered office as PLM Partnership Ltd, has taken the option under Section 399(2A) of the Companies Act 2006 not to prepare consolidated financial statements.