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REGISTERED NUMBER: 14202875 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

PLX GROUP LTD.

PLX GROUP LTD. (REGISTERED NUMBER: 14202875)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PLX GROUP LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: J Rushton
W Talbot





REGISTERED OFFICE: 115c Milton Road
Cambridge
United Kingdom
CB4 1XE





REGISTERED NUMBER: 14202875 (England and Wales)





ACCOUNTANTS: Prentis & Co LLP
Chartered Accountants
115c Milton Road
Cambridge
CB4 1XE

PLX GROUP LTD. (REGISTERED NUMBER: 14202875)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Investments 4 400,010 -

CURRENT ASSETS
Debtors 5 100 100
Cash at bank 2,328 2,837
2,428 2,937
CREDITORS
Amounts falling due within one year 6 403,543 3,533
NET CURRENT LIABILITIES (401,115 ) (596 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,105

)

(596

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (1,205 ) (696 )
(1,105 ) (596 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 April 2025 and were signed on its behalf by:





J Rushton - Director


PLX GROUP LTD. (REGISTERED NUMBER: 14202875)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

Plx Group 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 include the results of the company's operations all of which are continuing. The financial statements have been prepared on a going concern basis. This may not be appropriate because at 31st July 2024 the company's current liabilities exceeded its current assets by £1,105 and total liabilities of the company were £403,543. The company is reliant upon the continued support of its directors, bank and creditors, but there is no evidence to suggest that this will not continue and that further funds will not be provided as necessary to enable the company to continue as a going concern.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
Additions 400,010
At 31 July 2024 400,010
NET BOOK VALUE
At 31 July 2024 400,010

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Directors' current accounts 100 100

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Intercompany loan account 402,943 2,933
Accruals and deferred income 600 600
403,543 3,533

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The Directors advances were £100 which was repaid within 9 months of the year end.

PLX GROUP LTD. (REGISTERED NUMBER: 14202875)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

8. ULTIMATE CONTROLLING PARTY

The controlling parties are Mr J Rushton and Mr W Talbot by virtue of their 100% ownership of the issued share capital .