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REGISTERED NUMBER: 14174081 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

PLAI Ltd

PLAI Ltd (Registered number: 14174081)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PLAI Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTORS: S S Mckechnie
Y J Vaccha





REGISTERED OFFICE: 9 Shottery Brook Office Park
Timothys Bridge Road
Stratford Enterprise Park
Startford-Upon-Avon
CV37 9NR





REGISTERED NUMBER: 14174081 (England and Wales)





ACCOUNTANTS: Portfolio Accountants Ltd
9 Shottery Brook Office Park
Timothys Bridge Road
Stratford-Upon-Avon
CV37 9NR

PLAI Ltd (Registered number: 14174081)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 100,375 75,625
Tangible assets 5 5,089 2,049
105,464 77,674

CURRENT ASSETS
Debtors 6 34,860 23,265
Cash at bank 161,650 90,483
196,510 113,748
CREDITORS
Amounts falling due within one year 7 164,381 97,030
NET CURRENT ASSETS 32,129 16,718
TOTAL ASSETS LESS CURRENT
LIABILITIES

137,593

94,392

CAPITAL AND RESERVES
Called up share capital 8 143 131
Share premium 299,797 161,567
Retained earnings (162,347 ) (67,306 )
SHAREHOLDERS' FUNDS 137,593 94,392

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 1 April 2025 and were signed on its behalf by:





S S Mckechnie - Director


PLAI Ltd (Registered number: 14174081)

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

1. STATUTORY INFORMATION

PLAI 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

PLAI Ltd (Registered number: 14174081)

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 July 2023 75,625
Additions 24,750
At 30 June 2024 100,375
NET BOOK VALUE
At 30 June 2024 100,375
At 30 June 2023 75,625

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 2,912
Additions 4,649
At 30 June 2024 7,561
DEPRECIATION
At 1 July 2023 863
Charge for year 1,609
At 30 June 2024 2,472
NET BOOK VALUE
At 30 June 2024 5,089
At 30 June 2023 2,049

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 1,148 4,226
Other debtors 33,712 19,039
34,860 23,265

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 2,401 10,831
Taxation and social security 2,336 2,598
Other creditors 159,644 83,601
164,381 97,030

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
14,286 Ordinary 0.01 143 131

PLAI Ltd (Registered number: 14174081)

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

8. CALLED UP SHARE CAPITAL - continued

A total of 1,153 ordinary shares of £0.01 were issued during the year for cash of £120.

9. POST BALANCE SHEET EVENTS

After year end a share allotment of 365 shares were allotted for a share price of £430.At the 30 June 2024, partial funds were received in advance of this allotment and are reported in these accounts accordingly.