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REGISTERED NUMBER: 10356440 (England and Wales)















Financial Statements for the Year Ended 30th September 2024

for

Plant Reliability Solutions Ltd

Plant Reliability Solutions Ltd (Registered number: 10356440)






Contents of the Financial Statements
for the Year Ended 30th September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Plant Reliability Solutions Ltd

Company Information
for the Year Ended 30th September 2024







DIRECTOR: R Tindall





REGISTERED OFFICE: 2 The Blackthorns
Broughton
Brigg
North Lincolnshire
DN20 0BB





REGISTERED NUMBER: 10356440 (England and Wales)





ACCOUNTANTS: Peter R Burton Accountants
43 Oswald Road
Scunthorpe
North Lincolnshire
DN15 7PN

Plant Reliability Solutions Ltd (Registered number: 10356440)

Balance Sheet
30th September 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 6,782 5,990

CURRENT ASSETS
Debtors 5 13,624 35,853
Cash at bank 9,509 10,430
23,133 46,283
CREDITORS
Amounts falling due within one year 6 26,752 37,573
NET CURRENT (LIABILITIES)/ASSETS (3,619 ) 8,710
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,163

14,700

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 3,063 14,600
SHAREHOLDERS' FUNDS 3,163 14,700

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

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

Plant Reliability Solutions Ltd (Registered number: 10356440)

Balance Sheet - continued
30th September 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 17th March 2025 and were signed by:





R Tindall - Director


Plant Reliability Solutions Ltd (Registered number: 10356440)

Notes to the Financial Statements
for the Year Ended 30th September 2024

1. STATUTORY INFORMATION

Plant Reliability Solutions 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.

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 - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Office equipment - 20% on reducing balance

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.

Plant Reliability Solutions Ltd (Registered number: 10356440)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Office
machinery fittings equipment Totals
£    £    £    £   
COST
At 1st October 2023 14,798 - - 14,798
Additions - 1,166 1,046 2,212
At 30th September 2024 14,798 1,166 1,046 17,010
DEPRECIATION
At 1st October 2023 8,808 - - 8,808
Charge for year 1,198 117 105 1,420
At 30th September 2024 10,006 117 105 10,228
NET BOOK VALUE
At 30th September 2024 4,792 1,049 941 6,782
At 30th September 2023 5,990 - - 5,990

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 13,624 35,853

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors 1,370 12,812
Taxation and social security 11,267 23,485
Other creditors 14,115 1,276
26,752 37,573

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
100 Ordinary £1 100 100

Plant Reliability Solutions Ltd (Registered number: 10356440)

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

8. RESERVES
Retained
earnings
£   

At 1st October 2023 14,600
Profit for the year 30,159
Dividends (41,696 )
At 30th September 2024 3,063