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Company Registration No. 00337099 (England and Wales)
P.blagg Limited Unaudited accounts for the year ended 28 February 2025
P.blagg Limited Unaudited accounts Contents
Page
- 2 -
P.blagg Limited Company Information for the year ended 28 February 2025
Directors
Patrick Mulhall Rachel Mulhall
Company Number
00337099 (England and Wales)
Registered Office
Blaggs Hardware 64 Heaton Moor Road Stockport Cheshire SK4 4NZ England
Accountants
James Wheelan Accountancy Limited Minshull House 67 Wellington Road North Stockport SK4 2LP
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P.blagg Limited Statement of financial position as at 28 February 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
701,925 
702,228 
Current assets
Inventories
18,398 
15,428 
Debtors
270 
5,118 
Cash at bank and in hand
69,855 
77,916 
88,523 
98,462 
Creditors: amounts falling due within one year
(80,835)
(328,822)
Net current assets/(liabilities)
7,688 
(230,360)
Total assets less current liabilities
709,613 
471,868 
Creditors: amounts falling due after more than one year
(236,448)
- 
Provisions for liabilities
Deferred tax
(326)
(384)
Net assets
472,839 
471,484 
Capital and reserves
Called up share capital
500 
500 
Revaluation reserve
551,565 
551,565 
Capital redemption reserve
8,125 
8,125 
Profit and loss account
(87,351)
(88,706)
Shareholders' funds
472,839 
471,484 
For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 10 July 2025 and were signed on its behalf by
Rachel Mulhall Director Company Registration No. 00337099
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P.blagg Limited Notes to the Accounts for the year ended 28 February 2025
1
Statutory information
P.blagg Limited is a private company, limited by shares, registered in England and Wales, registration number 00337099. The registered office is Blaggs Hardware, 64 Heaton Moor Road, Stockport, Cheshire, SK4 4NZ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 28 February 2025 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 March 2023. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15% Reducing balance
4
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2024
700,207 
20,044 
720,251 
At 28 February 2025
700,207 
20,044 
720,251 
Depreciation
At 1 March 2024
- 
18,023 
18,023 
Charge for the year
- 
303 
303 
At 28 February 2025
- 
18,326 
18,326 
Net book value
At 28 February 2025
700,207 
1,718 
701,925 
At 29 February 2024
700,207 
2,021 
702,228 
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P.blagg Limited Notes to the Accounts for the year ended 28 February 2025
5
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Trade debtors
270 
604 
Other debtors
- 
4,514 
270 
5,118 
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Bank loans and overdrafts
32,030 
273,976 
VAT
(773)
1,943 
Trade creditors
13,194 
11,443 
Taxes and social security
- 
392 
Loans from directors
35,084 
39,598 
Accruals
1,300 
1,470 
80,835 
328,822 
7
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Bank loans
236,448 
- 
8
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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