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REGISTERED NUMBER: 01229911 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

P&L INDUSTRIAL EQUIPMENT LIMITED

P&L INDUSTRIAL EQUIPMENT LIMITED (REGISTERED NUMBER: 01229911)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025










Page

Balance Sheet 1

Notes to the Financial Statements 3


P&L INDUSTRIAL EQUIPMENT LIMITED (REGISTERED NUMBER: 01229911)

BALANCE SHEET
31 MARCH 2025

2025 2024
Notes £    £   
FIXED ASSETS
Tangible assets 4 19,293 24,836

CURRENT ASSETS
Stocks 262,333 227,106
Debtors 5 320,863 376,093
Cash at bank and in hand 238,982 234,571
822,178 837,770
CREDITORS
Amounts falling due within one year 6 (599,478 ) (514,183 )
NET CURRENT ASSETS 222,700 323,587
TOTAL ASSETS LESS CURRENT
LIABILITIES

241,993

348,423

CREDITORS
Amounts falling due after more than one
year

7

(3,500

)

(45,500

)

PROVISIONS FOR LIABILITIES (4,823 ) (6,209 )
NET ASSETS 233,670 296,714

CAPITAL AND RESERVES
Called up share capital 5,160 5,160
Retained earnings 228,510 291,554
SHAREHOLDERS' FUNDS 233,670 296,714

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

P&L INDUSTRIAL EQUIPMENT LIMITED (REGISTERED NUMBER: 01229911)

BALANCE SHEET - continued
31 MARCH 2025


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 July 2025 and were signed on its behalf by:





R P Jones - Director


P&L INDUSTRIAL EQUIPMENT LIMITED (REGISTERED NUMBER: 01229911)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


1. STATUTORY INFORMATION

P&L Industrial Equipment Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 01229911 and the registered office address is Britannia House Unit 3, Edwin Road, Manchester, M11 3ER.

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 represents net invoiced sales of goods, excluding value added tax and is recognised at the point the goods are despatched to the customers.

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 - 25% on reducing balance
Fixtures and fittings - Straight line over 5 years
Motor vehicles - 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value. Cost includes direct materials and labour costs and also those overheads that have been incurred in bringing the stock to its present location and condition. Net realisable value represents sales value less appropriate selling expenses.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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.

P&L INDUSTRIAL EQUIPMENT LIMITED (REGISTERED NUMBER: 01229911)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2024 - 14 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2024
and 31 March 2025 9,874 28,493 33,915 72,282
DEPRECIATION
At 1 April 2024 9,872 16,174 21,400 47,446
Charge for year - 2,414 3,129 5,543
At 31 March 2025 9,872 18,588 24,529 52,989
NET BOOK VALUE
At 31 March 2025 2 9,905 9,386 19,293
At 31 March 2024 2 12,319 12,515 24,836

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 88,358 93,424
Other debtors 232,505 282,669
320,863 376,093

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 42,000 42,000
Trade creditors 403,861 320,559
Taxation and social security 139,280 134,244
Other creditors 14,337 17,380
599,478 514,183

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Bank loans 3,500 45,500

P&L INDUSTRIAL EQUIPMENT LIMITED (REGISTERED NUMBER: 01229911)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2025 2024
£    £   
Within one year 20,149 21,496
Between one and five years 4,442 15,101
24,591 36,597

9. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Bank loans 45,500 87,500