Registered number
13918049
Plug Ldn Limited
Filleted Accounts
28 February 2025
Plug Ldn Limited
Registered number: 13918049
Balance Sheet
as at 28 February 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 18,382 14,694
Current assets
Debtors 4 15,502 500
Cash at bank and in hand 11,810 16,935
27,312 17,435
Creditors: amounts falling due within one year 5 (25,870) (10,590)
Net current assets 1,442 6,845
Net assets 19,824 21,539
Capital and reserves
Called up share capital 2 2
Profit and loss account 19,822 21,537
Shareholders' funds 19,824 21,539
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Thomas Merner
Director
Approved by the board on 18 March 2025
Plug Ldn Limited
Notes to the Accounts
for the year ended 28 February 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold land and buildings over the lease term
Plant and machinery over 4 years
Fixtures, fittings, tools and equipment over 4 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 4 4
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 March 2024 11,044 6,876 17,920
Additions - 8,455 8,455
At 28 February 2025 11,044 15,331 26,375
Depreciation
At 1 March 2024 1,561 1,665 3,226
Charge for the year 2,208 2,559 4,767
At 28 February 2025 3,769 4,224 7,993
Net book value
At 28 February 2025 7,275 11,107 18,382
At 29 February 2024 9,483 5,211 14,694
4 Debtors 2025 2024
£ £
Other debtors 15,502 500
5 Creditors: amounts falling due within one year 2025 2024
£ £
Taxation and social security costs 21,285 9,540
Other creditors 4,585 1,050
25,870 10,590
6 Other information
Plug Ldn Limited is a private company limited by shares and incorporated in England. Its registered office is:
147 Evelina Road
Nunhead
London
SE15 3HB
Plug Ldn Limited 13918049 false 2024-03-01 2025-02-28 2025-02-28 VT Final Accounts July 2024 Mr Thomas Merner No description of principal activity 13918049 2023-03-01 2024-02-29 13918049 core:WithinOneYear 2024-02-29 13918049 core:ShareCapital 2024-02-29 13918049 core:RetainedEarningsAccumulatedLosses 2024-02-29 13918049 2024-03-01 2025-02-28 13918049 bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 13918049 bus:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 13918049 bus:Director40 2024-03-01 2025-02-28 13918049 1 2024-03-01 2025-02-28 13918049 2 2024-03-01 2025-02-28 13918049 core:LandBuildings 2024-03-01 2025-02-28 13918049 core:PlantMachinery 2024-03-01 2025-02-28 13918049 countries:England 2024-03-01 2025-02-28 13918049 bus:FRS102 2024-03-01 2025-02-28 13918049 bus:FilletedAccounts 2024-03-01 2025-02-28 13918049 2025-02-28 13918049 core:WithinOneYear 2025-02-28 13918049 core:ShareCapital 2025-02-28 13918049 core:RetainedEarningsAccumulatedLosses 2025-02-28 13918049 core:LandBuildings 2025-02-28 13918049 core:PlantMachinery 2025-02-28 13918049 2024-02-29 13918049 core:LandBuildings 2024-02-29 13918049 core:PlantMachinery 2024-02-29 iso4217:GBP xbrli:pure