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REGISTERED NUMBER: 10942902 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

PLEAVIN POWER LTD

PLEAVIN POWER LTD (REGISTERED NUMBER: 10942902)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

PLEAVIN POWER LTD

Company Information
for the Year Ended 31 December 2024







DIRECTORS: J Pleavin
C Woosey
Miss V A Jebb





REGISTERED OFFICE: Unit 1
Stadium Court
Stadium Road
Bromborough
Wirral
CH62 3QG





REGISTERED NUMBER: 10942902 (England and Wales)





ACCOUNTANTS: LBW Chartered Accountants
Enterprise House
The Courtyard
Old Courthouse Road
Bromborough
Merseyside
CH62 4UE

PLEAVIN POWER LTD (REGISTERED NUMBER: 10942902)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 3,812,316 1,992,682

CURRENT ASSETS
Stocks 1,165,206 1,201,217
Debtors 5 1,721,505 1,003,816
Cash at bank and in hand 26,470 14,511
2,913,181 2,219,544
CREDITORS
Amounts falling due within one year 6 2,163,533 1,066,708
NET CURRENT ASSETS 749,648 1,152,836
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,561,964

3,145,518

CREDITORS
Amounts falling due after more than one
year

7

3,223,420

1,786,011
NET ASSETS 1,338,544 1,359,507

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 1,338,444 1,359,407
SHAREHOLDERS' FUNDS 1,338,544 1,359,507

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 3 June 2025 and were signed on its behalf by:





J Pleavin - Director


PLEAVIN POWER LTD (REGISTERED NUMBER: 10942902)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Pleavin Power 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 - 10% on cost
Fixtures and fittings - 10% on cost
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

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

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.

Pension costs and other post-retirement 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2023 - 19 ) .

PLEAVIN POWER LTD (REGISTERED NUMBER: 10942902)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2024 1,647,912 245,085 592,978 67,151 2,553,126
Additions 1,722,067 13,679 659,710 12,360 2,407,816
Disposals 54,748 - (53,952 ) - 796
At 31 December 2024 3,424,727 258,764 1,198,736 79,511 4,961,738
DEPRECIATION
At 1 January 2024 269,723 72,677 155,446 62,598 560,444
Charge for year 312,873 25,874 240,762 8,673 588,182
Eliminated on disposal 54,748 - (53,952 ) - 796
At 31 December 2024 637,344 98,551 342,256 71,271 1,149,422
NET BOOK VALUE
At 31 December 2024 2,787,383 160,213 856,480 8,240 3,812,316
At 31 December 2023 1,378,189 172,408 437,532 4,553 1,992,682

5. DEBTORS
31.12.24 31.12.23
£    £   
Amounts falling due within one year:
Trade debtors 1,475,134 650,323
Other debtors 108,350 96,699
1,583,484 747,022

Amounts falling due after more than one year:
Other debtors 138,021 256,794

Aggregate amounts 1,721,505 1,003,816

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 102,641 67,569
Hire purchase contracts 795,051 400,936
Payments on account 270,532 -
Trade creditors 819,295 437,523
Taxation and social security 168,845 159,639
Other creditors 7,169 1,041
2,163,533 1,066,708

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans 50,000 110,000
Hire purchase contracts 2,197,678 1,195,173
Other creditors 975,742 480,838
3,223,420 1,786,011

PLEAVIN POWER LTD (REGISTERED NUMBER: 10942902)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

31.12.24 31.12.23
£    £   
Hire purchase contracts 2,992,729 1,596,109

The hire purchase creditor is secured on the individual assets concerned.

Included within other creditors is an amount owing to Close Invoice Finance of £713,920 (2023 - £186,454) which is secured on the customer debtor ledger.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
100 Ordinary 1 100 100

10. RESERVES
Retained
earnings
£   

At 1 January 2024 1,359,407
Profit for the year 178,637
Dividends (199,600 )
At 31 December 2024 1,338,444

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in other creditors is an amount of £70 (2023 - £51 ) owing to the director Mr J Pleavin.

12. RELATED PARTY DISCLOSURES

CH Hydraulics Limited

A Limited Company in which Mr Jack Pleavin has a 100% controlling interest.

During the year the company invoiced CH Hydraulics Limited to the Value of £0 (2023 £50,129) for goods and services supplied and was invoiced by CH Hydraulics Limited £0 (2023 £8,167) for goods supplied.

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J Pleavin.

14. INTERCOMPANY LOAN

During the year £24,507 was lent to CH Hydraulics Limited. Mr J Pleavin has a 100% controlling interest in this company. This amount is held in Other Debtors.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Pleavin Power Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Pleavin Power Ltd for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Pleavin Power Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Pleavin Power Ltd and state those matters that we have agreed to state to the Board of Directors of Pleavin Power Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Pleavin Power Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Pleavin Power Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Pleavin Power Ltd. You consider that Pleavin Power Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Pleavin Power Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






LBW Chartered Accountants
Enterprise House
The Courtyard
Old Courthouse Road
Bromborough
Merseyside
CH62 4UE


3 June 2025