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PERFECTLY POLISHED PLYMSTOCK LIMITED

Registered Number
13797738
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2024

PERFECTLY POLISHED PLYMSTOCK LIMITED
Company Information
for the year from 1 January 2024 to 31 December 2024

Directors

Jennifer Cooper
Jodie Cunningham

Registered Address

11d Radford Park Road
Plymstock
Plymouth
PL9 9DG

Registered Number

13797738 (England and Wales)
PERFECTLY POLISHED PLYMSTOCK LIMITED
Balance Sheet as at
31 December 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets317,00018,000
Tangible assets41,161816
18,16118,816
Current assets
Stocks522,51217,824
Debtors3681,791
Cash at bank and on hand12,68311,659
35,56331,274
Creditors amounts falling due within one year6(62,603)(49,388)
Net current assets (liabilities)(27,040)(18,114)
Total assets less current liabilities(8,879)702
Provisions for liabilities7(221)(155)
Net assets(9,100)547
Capital and reserves
Called up share capital140140
Profit and loss account(9,240)407
Shareholders' funds(9,100)547
The financial statements were approved and authorised for issue by the Board of Directors on 21 May 2025, and are signed on its behalf by:
Jennifer Cooper
Director
Registered Company No. 13797738
PERFECTLY POLISHED PLYMSTOCK LIMITED
Notes to the Financial Statements
for the year ended 31 December 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible fixed assets are carried at cost less accumulated amortisation and impairment losses
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery20
Office Equipment25
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year910
3.Intangible assets

Goodwill

Total

££
Cost or valuation
At 01 January 2420,00020,000
At 31 December 2420,00020,000
Amortisation and impairment
At 01 January 242,0002,000
Charge for year1,0001,000
At 31 December 243,0003,000
Net book value
At 31 December 2417,00017,000
At 31 December 2318,00018,000
4.Tangible fixed assets

Plant & machinery

Office Equipment

Total

£££
Cost or valuation
At 01 January 248822201,102
Additions618-618
At 31 December 241,5002201,720
Depreciation and impairment
At 01 January 2426521286
Charge for year22350273
At 31 December 2448871559
Net book value
At 31 December 241,0121491,161
At 31 December 23617199816
5.Stocks

2024

2023

££
Raw materials and consumables22,51217,824
Total22,51217,824
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables8541,638
Taxation and social security12,34710,330
Other creditors47,80237,420
Accrued liabilities and deferred income1,600-
Total62,60349,388
7.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)221155
Total221155
8.Related party transactions
At the year end the company owed J Cunningham, Director £17,617 (2023: £12,664) and J Cooper, Director £25,123 (2023: £20,423).