Company Registration No. 05120046 (England and Wales)
P3 PLANT LIMITED
Unaudited accounts
for the year ended 31 May 2024
P3 PLANT LIMITED
Unaudited accounts
Contents
P3 PLANT LIMITED
Company Information
for the year ended 31 May 2024
Directors
James Rathbone
Belinda Rathbone
Company Number
05120046 (England and Wales)
Registered Office
14 Ben Nevis Drive
Little Sutton
Ellesmerte Port
Cheshire
CH66 4YZ
P3 PLANT LIMITED
Statement of financial position
as at 31 May 2024
Tangible assets
199,994
152,922
Cash at bank and in hand
57,482
11,236
Creditors: amounts falling due within one year
(292,127)
(298,151)
Net current assets
180,466
158,463
Total assets less current liabilities
380,460
311,385
Creditors: amounts falling due after more than one year
(106,554)
(63,346)
Provisions for liabilities
Net assets
273,906
223,899
Called up share capital
2
2
Profit and loss account
273,904
223,897
Shareholders' funds
273,906
223,899
For the year ending 31 May 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 directors acknowledge their 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 of Directors and authorised for issue on 24 February 2025 and were signed on its behalf by
James Rathbone
Director
Company Registration No. 05120046
P3 PLANT LIMITED
Notes to the Accounts
for the year ended 31 May 2024
P3 PLANT LIMITED is a private company, limited by shares, registered in England and Wales, registration number 05120046. The registered office is 14 Ben Nevis Drive, Little Sutton, Ellesmerte Port, Cheshire, CH66 4YZ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Plant & machinery
25% Reducing Balance
Motor vehicles
25% Reducing Balance
Computer equipment
25% Reducing Balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2023
483,725
42,969
6,112
532,806
Additions
87,750
25,988
-
113,738
At 31 May 2024
571,475
68,957
6,112
646,544
At 1 June 2023
358,216
17,188
4,480
379,884
Charge for the year
53,315
12,943
408
66,666
At 31 May 2024
411,531
30,131
4,888
446,550
At 31 May 2024
159,944
38,826
1,224
199,994
At 31 May 2023
125,509
25,781
1,632
152,922
P3 PLANT LIMITED
Notes to the Accounts
for the year ended 31 May 2024
Amounts falling due within one year
Trade debtors
280,745
333,746
Other debtors
105,207
93,103
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
5,957
6,614
Obligations under finance leases and hire purchase contracts
40,237
26,205
Trade creditors
139,052
175,874
Taxes and social security
95,736
56,743
Loans from directors
8,945
2,072
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
76,769
29,779
8
Average number of employees
During the year the average number of employees was 8 (2023: 8).