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REGISTERED NUMBER: 10400675 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

PL TILERS LTD

PL TILERS LTD (REGISTERED NUMBER: 10400675)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PL TILERS LTD

COMPANY INFORMATION
for the Year Ended 30 September 2024







DIRECTOR: Mr P Lesniewski





REGISTERED OFFICE: 54 Underwood Road
Woodford Green
Essex
IG8 7LD





REGISTERED NUMBER: 10400675 (England and Wales)





ACCOUNTANTS: Kings Chartered Accountants
4 Grovelands
Boundary Way
Hemel Hempstead
Hertfordshire
HP2 7TE

PL TILERS LTD (REGISTERED NUMBER: 10400675)

BALANCE SHEET
30 September 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 12,003 6,261

CURRENT ASSETS
Stocks 5 385 306
Debtors 6 4,943 10,437
Cash at bank and in hand 1,600 23,514
6,928 34,257
CREDITORS
Amounts falling due within one year 7 13,291 13,510
NET CURRENT (LIABILITIES)/ASSETS (6,363 ) 20,747
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,640

27,008

CREDITORS
Amounts falling due after more than one
year

8

(6,386

)

(7,507

)

PROVISIONS FOR LIABILITIES 11 (980 ) (1,189 )
NET (LIABILITIES)/ASSETS (1,726 ) 18,312

CAPITAL AND RESERVES
Called up share capital 12 100 100
Retained earnings (1,826 ) 18,212
SHAREHOLDERS' FUNDS (1,726 ) 18,312

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

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

PL TILERS LTD (REGISTERED NUMBER: 10400675)

BALANCE SHEET - continued
30 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 April 2025 and were signed by:





Mr P Lesniewski - Director


PL TILERS LTD (REGISTERED NUMBER: 10400675)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

PL Tilers 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 accounts have been prepared on a going concern basis which assumes that the company will continue to trade. The validity of this assumption is dependent on sufficient and continuing financial support being made available by the company's director and the shareholders. If the company were unable to continue to trade adjustments would have to be made to reduce the value of assets to their realisable amount, to reclassify fixed assets as current assets, long-term liabilities as current liabilities, and to provide for any further liabilities that may arise.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and net of discounts. Turnover includes revenue earned from the provision of services.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - Straight line over 3 years

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

PL TILERS LTD (REGISTERED NUMBER: 10400675)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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 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.

PL TILERS LTD (REGISTERED NUMBER: 10400675)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 October 2023 10,768 890 1,044 12,702
Additions 7,472 382 92 7,946
At 30 September 2024 18,240 1,272 1,136 20,648
DEPRECIATION
At 1 October 2023 5,093 382 966 6,441
Charge for year 1,973 143 88 2,204
At 30 September 2024 7,066 525 1,054 8,645
NET BOOK VALUE
At 30 September 2024 11,174 747 82 12,003
At 30 September 2023 5,675 508 78 6,261

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 October 2023
and 30 September 2024 4,956
DEPRECIATION
At 1 October 2023 1,316
Charge for year 910
At 30 September 2024 2,226
NET BOOK VALUE
At 30 September 2024 2,730
At 30 September 2023 3,640

PL TILERS LTD (REGISTERED NUMBER: 10400675)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024

5. STOCKS
30.9.24 30.9.23
£    £   
Stocks 385 306

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors - 5,938
Other debtors 3,343 4,130
Tax 1,226 -
Value added tax - 315
Prepayments and accrued income 374 54
4,943 10,437

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts (see note 9) 1,114 3,600
Hire purchase contracts (see note 10) 1,207 1,316
Trade creditors 1,170 816
Taxation - 4,164
Other creditors 9,095 3,609
Directors' current accounts 705 5
13,291 13,510

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans (see note 9) 6,386 6,300
Hire purchase contracts (see note 10) - 1,207
6,386 7,507

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years
by instalments 381 -
381 -

PL TILERS LTD (REGISTERED NUMBER: 10400675)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024

9. LOANS

An analysis of the maturity of loans is given below:

30.9.24 30.9.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 1,114 3,600

Amounts falling due between two and five years:
Bank loans - 1-5 years 6,005 6,300

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years
by instalments 381 -
381 -

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
30.9.24 30.9.23
£    £   
Gross obligations repayable:
Within one year 1,354 1,477
Between one and five years - 1,354
1,354 2,831

Finance charges repayable:
Within one year 147 161
Between one and five years - 147
147 308

Net obligations repayable:
Within one year 1,207 1,316
Between one and five years - 1,207
1,207 2,523

Non-cancellable operating leases
30.9.24 30.9.23
£    £   
Within one year - 1,837

PL TILERS LTD (REGISTERED NUMBER: 10400675)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024

11. PROVISIONS FOR LIABILITIES
30.9.24 30.9.23
£    £   
Deferred tax
Accelerated capital allowances 980 1,189

Deferred
tax
£   
Balance at 1 October 2023 1,189
Provided during year (209 )
Balance at 30 September 2024 980

12. CALLED UP SHARE CAPITAL

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