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Company Registration No. 01543570 (England and Wales)
P.L. Plastics Machinery Limited Unaudited financial statements for the year ended 30 April 2024
P.L. Plastics Machinery Limited Unaudited financial statements Contents
Page
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P.L. Plastics Machinery Limited Company Information for the year ended 30 April 2024
Director
T Safrany
Secretary
S V Safrany-Nagy
Company Number
01543570 (England and Wales)
Registered Office
Flat 27 Henderson Court 88 Holden Road London N12 7EL ENGLAND
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P.L. Plastics Machinery Limited Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,779 
4,540 
Current assets
Debtors
12 
458 
Investments
5,039,523 
5,162,655 
Cash at bank and in hand
549,178 
359,508 
5,588,713 
5,522,621 
Creditors: amounts falling due within one year
(706)
(5,000)
Net current assets
5,588,007 
5,517,621 
Total assets less current liabilities
5,590,786 
5,522,161 
Provisions for liabilities
Deferred tax
(161,480)
(62,944)
Net assets
5,429,306 
5,459,217 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
5,428,306 
5,458,217 
Shareholders' funds
5,429,306 
5,459,217 
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 January 2025 and were signed on its behalf by
T Safrany Director Company Registration No. 01543570
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P.L. Plastics Machinery Limited Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
P.L. Plastics Machinery Limited is a private company, limited by shares, registered in England and Wales, registration number 01543570. The registered office is Flat 27 Henderson Court, 88 Holden Road, London, N12 7EL, ENGLAND.
2
Compliance with accounting standards
The financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Valuation of investments
Investments in listed securities are remeasured to market value at each Statement of Financial Position date. Gains and losses on remeasurement are recognised in profit and loss for the period.
Debtors
Short term debtors are measured at transaction price less any impairment.
Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.
Financial instruments
The Company only enters into basis financial instrument transactions that result in the recognition of financial assets and liabilities like trade and the debtors and creditors and investments in non-puttable shares.
Creditors
Short term creditors are measured at the transaction price.
Interest income
Interest income is recognised in the Statement of Comprehensive Income using the effective interests method.
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P.L. Plastics Machinery Limited Notes to the Accounts for the year ended 30 April 2024
Current and deferred taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantially enacted by the reporting date in the countries where the Company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Statement of Financial Position date, except that: - The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred ta liabilities or other future taxable profits; and - Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% reducing balance basis
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 May 2023
10,650 
At 30 April 2024
10,650 
Depreciation
At 1 May 2023
6,110 
Charge for the year
1,761 
At 30 April 2024
7,871 
Net book value
At 30 April 2024
2,779 
At 30 April 2023
4,540 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
12 
160 
Accrued income and prepayments
- 
298 
12 
458 
6
Investments held as current assets
2024 
2023 
£ 
£ 
Listed investments
5,039,523 
5,162,655 
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P.L. Plastics Machinery Limited Notes to the Accounts for the year ended 30 April 2024
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
- 
150 
Other creditors
- 
2,500 
Loans from directors
706 
750 
Accruals
- 
1,600 
706 
5,000 
8
Transactions with related parties
Included in other creditors at the balance sheet date is an amount of £706 (2023: £750) due to the shareholders. The amount is in respect of expenses borne on behalf of the company. This amount is unsecured, interest free and repayable on demand.
9
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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