IRIS Accounts Production v24.3.0.553 SC665236 Board of Directors 1.7.23 30.6.24 30.6.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC6652362023-06-30SC6652362024-06-30SC6652362023-07-012024-06-30SC6652362022-06-30SC6652362022-07-012023-06-30SC6652362023-06-30SC665236ns15:Scotland2023-07-012024-06-30SC665236ns14:PoundSterling2023-07-012024-06-30SC665236ns10:Director12023-07-012024-06-30SC665236ns10:PrivateLimitedCompanyLtd2023-07-012024-06-30SC665236ns10:SmallEntities2023-07-012024-06-30SC665236ns10:AuditExemptWithAccountantsReport2023-07-012024-06-30SC665236ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-30SC665236ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-30SC665236ns10:FullAccounts2023-07-012024-06-30SC665236ns10:Director22023-07-012024-06-30SC665236ns10:RegisteredOffice2023-07-012024-06-30SC665236ns5:CurrentFinancialInstruments2024-06-30SC665236ns5:CurrentFinancialInstruments2023-06-30SC665236ns5:ShareCapital2024-06-30SC665236ns5:ShareCapital2023-06-30SC665236ns5:RetainedEarningsAccumulatedLosses2024-06-30SC665236ns5:RetainedEarningsAccumulatedLosses2023-06-30SC665236ns5:PlantMachinery2023-07-012024-06-30SC665236ns5:PlantMachinery2023-06-30SC665236ns5:PlantMachinery2024-06-30SC665236ns5:PlantMachinery2023-06-30SC665236ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-30SC665236ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-30
REGISTERED NUMBER: SC665236 (Scotland)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

PLG GROUP LIMITED

PLG GROUP LIMITED (REGISTERED NUMBER: SC665236)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

PLG GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: Tyler Alexander-Arnold
Liam Ward O'Donnell





REGISTERED OFFICE: c/o DM McNaught & Co Ltd
166 Buchanan Street
Glasgow
G1 2LW





REGISTERED NUMBER: SC665236 (Scotland)





ACCOUNTANTS: D M McNaught & Co Ltd
Chartered Accountants
166 Buchanan Street
Glasgow
Lanarkshire
G1 2LW

PLG GROUP LIMITED (REGISTERED NUMBER: SC665236)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 57 170

CURRENT ASSETS
Debtors 5 20,995 -
Cash at bank 133,551 3,370
154,546 3,370
CREDITORS
Amounts falling due within one year 6 494,818 474,150
NET CURRENT LIABILITIES (340,272 ) (470,780 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(340,215

)

(470,610

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (340,315 ) (470,710 )
SHAREHOLDERS' FUNDS (340,215 ) (470,610 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 October 2024 and were signed on its behalf by:





Tyler Alexander-Arnold - Director


PLG GROUP LIMITED (REGISTERED NUMBER: SC665236)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

PLG Group Limited is a private company, limited by shares , registered in Scotland. 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.
Plant and machinery etc - 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 balance sheet date.

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.

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

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 4 (2023 - 3 ) .

PLG GROUP LIMITED (REGISTERED NUMBER: SC665236)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023
and 30 June 2024 339
DEPRECIATION
At 1 July 2023 169
Charge for year 113
At 30 June 2024 282
NET BOOK VALUE
At 30 June 2024 57
At 30 June 2023 170

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 20,995 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 5,633 2,178
Taxation and social security 5,202 3,489
Other creditors 483,983 468,483
494,818 474,150

7. RELATED PARTY DISCLOSURES

Included in creditors is an amount of £20,000 (2023 - £20,000) owed to Pro LG Limited, in respect of a loan provided. There are no fixed terms for repayment and no interest is charged.

Also. included in administrative expenses are consultancy fees of £323,588 (2023 - £62,800) charged to Pro LG Limited.

Mr L O'Donnell and Mr R Gillies are also directors of Pro LG Limited

Included in administrative expenses are consultancy fees totalling £92,500 (2023 - £700,000) charged by companies under the control of the directors.

Also, included in creditors are loans from companies under the control of the directors totalling £463,500 (2023 - £445,000). These loans have no fixed terms for repayment and no interest is charged.

8. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.

PLG GROUP LIMITED (REGISTERED NUMBER: SC665236)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


9. GOING CONCERN

The balance sheet shows net liabilities of £340,215 (2023 - £470,610), including loans from related companies totalling £483,500 (2023 - £465,000). As the company retains the support of the directors the accounts have been prepared on a going concern basis.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
PLG GROUP LIMITED


The following reproduces the text of the report prepared for the directors 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 Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors 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 PLG Group Limited for the year ended 30 June 2024 which comprise the Income Statement, Balance Sheet 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 ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of PLG Group Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of PLG Group Limited and state those matters that we have agreed to state to the Board of Directors of PLG Group Limited, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that PLG Group 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 PLG Group Limited. You consider that PLG Group 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 PLG Group 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.






D M McNaught & Co Ltd
Chartered Accountants
166 Buchanan Street
Glasgow
Lanarkshire
G1 2LW


2 October 2024