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REGISTERED NUMBER: 03753752 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 July 2024

for

PLB Projects Ltd

PLB Projects Ltd (Registered number: 03753752)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


PLB Projects Ltd

Company Information
for the Year Ended 30 July 2024







DIRECTOR: J S McCall





REGISTERED OFFICE: 88 The Mount
York
YO24 1AR





REGISTERED NUMBER: 03753752 (England and Wales)





ACCOUNTANTS: Northern Tonic Ltd
14 Clifton Moor
Business Village
James Nicolson Link
York
YO30 4XG

PLB Projects Ltd (Registered number: 03753752)

Statement of Financial Position
30 July 2024

30.7.24 30.7.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 43,276 51,449

CURRENT ASSETS
Inventories - 161,093
Debtors 5 457,133 712,379
Cash at bank and in hand 984,973 74,610
1,442,106 948,082
CREDITORS
Amounts falling due within one year 6 809,603 520,697
NET CURRENT ASSETS 632,503 427,385
TOTAL ASSETS LESS CURRENT
LIABILITIES

675,779

478,834

CREDITORS
Amounts falling due after more than
one year

7

(35,834

)

(74,000

)

PROVISIONS FOR LIABILITIES 8 (10,819 ) (10,342 )
NET ASSETS 629,126 394,492

CAPITAL AND RESERVES
Called up share capital 9 1,500 1,500
Capital redemption reserve 10 2,500 2,500
Retained earnings 10 625,126 390,492
SHAREHOLDERS' FUNDS 629,126 394,492

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

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

PLB Projects Ltd (Registered number: 03753752)

Statement of Financial Position - continued
30 July 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 18 March 2025 and were signed by:





J S McCall - Director


PLB Projects Ltd (Registered number: 03753752)

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

1. STATUTORY INFORMATION

PLB Projects 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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates and value added 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.

Fixtures & fittings - 20% reducing balance basis
Motor vehicles - 25% reducing balance basis
Computers - 33.33% straight line

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing inventories to their present location and condition.

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

PLB Projects Ltd (Registered number: 03753752)

Notes to the Financial Statements - continued
for the Year Ended 30 July 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 8 (2023 - 8 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 31 July 2023 70,986 58,945 92,562 222,493
Additions 5,894 - 3,004 8,898
At 30 July 2024 76,880 58,945 95,566 231,391
DEPRECIATION
At 31 July 2023 59,662 27,961 83,421 171,044
Charge for year 3,092 7,747 6,232 17,071
At 30 July 2024 62,754 35,708 89,653 188,115
NET BOOK VALUE
At 30 July 2024 14,126 23,237 5,913 43,276
At 30 July 2023 11,324 30,984 9,141 51,449

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.7.24 30.7.23
£    £   
Trade debtors 252,324 609,319
Other debtors 185,158 93,732
Prepayments and accrued income 19,651 9,328
457,133 712,379

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.7.24 30.7.23
£    £   
Bank loans and overdrafts 39,000 39,000
Trade creditors 331,083 336,774
Tax 101,601 3,952
Social security and other taxes 364 (3 )
VAT 69,176 126,031
Other creditors 14,800 14,616
Directors' current accounts 363 123
Deferred income 191,332 -
Accrued expenses 61,884 204
809,603 520,697

PLB Projects Ltd (Registered number: 03753752)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.7.24 30.7.23
£    £   
Bank loans - 1-2 years 34,167 39,000
Bank loans - 2-5 years 1,667 35,000
35,834 74,000

8. PROVISIONS FOR LIABILITIES
30.7.24 30.7.23
£    £   
Deferred tax 10,819 10,342

Deferred
tax
£   
Balance at 31 July 2023 10,342
Provided during year 477
Balance at 30 July 2024 10,819

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.7.24 30.7.23
value: £    £   
1,500 Ordinary £1 1,500 1,500

10. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 31 July 2023 390,492 2,500 392,992
Profit for the year 295,584 295,584
Dividends (60,950 ) (60,950 )
At 30 July 2024 625,126 2,500 627,626

11. RELATED PARTY DISCLOSURES

Included in other debtors is an amount of £185,158 (2023 - £93,032) owed by Mcoo Ltd, a company under common control.

12. ULTIMATE CONTROLLING PARTY

The controlling party is J S McCall.