Company registration number 11231728 (England and Wales)
PLP PROPERTY MAINTENANCE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
PAGES FOR FILING WITH REGISTRAR
PLP PROPERTY MAINTENANCE LIMITED
CONTENTS
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 4
PLP PROPERTY MAINTENANCE LIMITED
STATEMENT OF FINANCIAL POSITION
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
12,614
1,427
Current assets
Debtors
14,307
9,148
Cash at bank and in hand
8,626
2,687
22,933
11,835
Creditors: amounts falling due within one year
(44,107)
(10,661)
Net current (liabilities)/assets
(21,174)
1,174
Total assets less current liabilities
(8,560)
2,601
Creditors: amounts falling due after more than one year
(4,000)
Net liabilities
(8,560)
(1,399)
Capital and reserves
Called up share capital
4
10
10
Profit and loss reserves
(8,570)
(1,409)
Total equity
(8,560)
(1,399)
PLP PROPERTY MAINTENANCE LIMITED
STATEMENT OF FINANCIAL POSITION (CONTINUED)
- 2 -
For the financial year ended 30 June 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 of its financial statements for the year in question in accordance with section 476.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These 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, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).
The director of the company has elected not to include a copy of the income statement within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 26 March 2025 and are signed on its behalf by:
Mr B K Hunt
Director
Company registration number 11231728 (England and Wales)
PLP PROPERTY MAINTENANCE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
- 3 -
1
Accounting policies
Company information
PLP Property Maintenance Limited is a private company limited by shares incorporated in England and Wales. The registered office is 8 Noverton Lane, Prestbury, Cheltenham, Gloucestershire, England, GL52 5BB.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
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 £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
The company had net liabilities and net current liabilities at the end of the year. The company relies for its working capital funding on the bank and the sole director.
The director has assessed the working capital needs of the business for a period of twelve months from the date of approval of these financial statements, taking into account the substantial uncertainties created initially by the Covid-19 pandemic and more recently by other global economic factors.
The director has received no indication from the bank that it is unwilling to continue its support. On this basis, he believes that, despite the ongoing uncertainties, it would be inappropriate to conclude that the company is unable to continue as a going concern and has therefore prepared the financial statements on the going concern basis.
1.3
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Revenue is recognised at the point of invoicing.
1.4
Tangible fixed assets
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures and fittings
20% on cost
Motor vehicles
25% on cost
1.5
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.
PLP PROPERTY MAINTENANCE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
1
Accounting policies
(Continued)
- 4 -
1.6
Employee 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.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
1
2
3
Tangible fixed assets
Total
£
Cost
At 1 July 2023
9,232
Additions
15,750
Disposals
(8,690)
At 30 June 2024
16,292
Depreciation and impairment
At 1 July 2023
7,805
Depreciation charged in the year
4,563
Eliminated in respect of disposals
(8,690)
At 30 June 2024
3,678
Carrying amount
At 30 June 2024
12,614
At 30 June 2023
1,427
4
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
10
10
10
10