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REGISTERED NUMBER: 10715196 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

PLAZ-TECH MACHINERY LIMITED

PLAZ-TECH MACHINERY LIMITED (REGISTERED NUMBER: 10715196)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PLAZ-TECH MACHINERY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: D M Phillips





REGISTERED OFFICE: 5 The Quadrant
Coventry
West Midlands
CV1 2EL





REGISTERED NUMBER: 10715196 (England and Wales)





ACCOUNTANTS: Askews Chartered Certified Accountants
5 The Quadrant
Coventry
West Midlands
CV1 2EL

PLAZ-TECH MACHINERY LIMITED (REGISTERED NUMBER: 10715196)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 67,908 90,238

CURRENT ASSETS
Stocks 51,037 45,850
Debtors 5 315,835 35,468
Cash at bank 30,003 2
396,875 81,320
CREDITORS
Amounts falling due within one year 6 262,328 18,110
NET CURRENT ASSETS 134,547 63,210
TOTAL ASSETS LESS CURRENT
LIABILITIES

202,455

153,448

CREDITORS
Amounts falling due after more than one year 7 62,588 79,986
NET ASSETS 139,867 73,462

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 139,767 73,362
139,867 73,462

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 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.

PLAZ-TECH MACHINERY LIMITED (REGISTERED NUMBER: 10715196)

BALANCE SHEET - continued
30 JUNE 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 29 November 2024 and were signed by:





D M Phillips - Director


PLAZ-TECH MACHINERY LIMITED (REGISTERED NUMBER: 10715196)

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


1. STATUTORY INFORMATION

Plaz-Tech Machinery 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 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.
Fixtures and fittings - 15% per annum of cost
Motor vehicles - 25% Straight line
Computer equipment - 25% Straight line

Stocks
Stocks 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 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.

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 2 (2023 - 2 ) .

PLAZ-TECH MACHINERY LIMITED (REGISTERED NUMBER: 10715196)

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


4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2023 465 88,440 11,490 100,395
Additions 1,185 - - 1,185
At 30 June 2024 1,650 88,440 11,490 101,580
DEPRECIATION
At 1 July 2023 70 - 10,087 10,157
Charge for year 247 22,110 1,158 23,515
At 30 June 2024 317 22,110 11,245 33,672
NET BOOK VALUE
At 30 June 2024 1,333 66,330 245 67,908
At 30 June 2023 395 88,440 1,403 90,238

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 175,895 32,752
Other debtors 139,940 2,716
315,835 35,468

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 3,840 4,402
Hire purchase contracts 13,562 13,562
Trade creditors 41,995 7,545
Taxation and social security 120,200 56,632
Other creditors 82,731 (64,031 )
262,328 18,110

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 6,271 10,108
Hire purchase contracts 56,317 69,878
62,588 79,986