REGISTERED NUMBER: 08046920 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

PLG CONSULTANTS LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr P Gill

Mr G D Hotchin

Mr A Vallis

REGISTERED OFFICE:

Thorne Lancaster Parker

5th Floor Palladium House

1-4 Argyll Street

London

W1F 7TA

REGISTERED NUMBER:

08046920 (England and Wales)

ACCOUNTANTS:

Thorne Lancaster Parker

5th Floor

Palladium House

1-4 Argyll Street

London

W1F 7TA

FIXED ASSETS

Intangible assets

5

14,001

2,235

Property, plant and equipment

6

15,850

25,650

29,851

27,885

CURRENT ASSETS

Debtors

7

665,364

445,086

Cash at bank

59,783

59,886

725,147

504,972

CREDITORS

Amounts falling due within one year

8

(386,412

)

(271,147

)

NET CURRENT ASSETS

338,735

233,825

TOTAL ASSETS LESS CURRENT LIABILITIES

368,586

261,710

CREDITORS

Amounts falling due after more than one year

9

(13,504

)

(40,909

)

PROVISIONS FOR LIABILITIES

11

(3,672

)

(4,363

)

NET ASSETS

351,410

216,438

CAPITAL AND RESERVES

Called up share capital

12

101

101

Retained earnings

13

351,309

216,337

SHAREHOLDERS' FUNDS

351,410

216,438

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 September 2025 and were signed on its behalf by:

Mr P Gill - Director

1.	STATUTORY INFORMATION

PLG Consultants Limited 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Revenue

Revenue represents the total amount receivable, net of value added tax, for goods and services provided in the ordinary course of business

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of four years.

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 cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on cost

Taxation

Taxation expense for the period comprises current and deferred tax recognised in the reporting period. 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. In this case tax is also recognised in other comprehensive income or directly in equity respectively.

Current taxation assets and liabilities are not discounted.

Current tax is the amount of income tax payable in respect of the taxable profit for the year or prior years. Tax is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the period end.

Management periodically evaluates positions taken in tax returns with respect to situations in which applicable tax regulation is subject to interpretation. It establishes provisions where appropriate on the basis of amounts expected to be paid to the tax authorities.

Deferred tax

Deferred tax is recognised in respect of all timing differences which are differences between taxable profits and total comprehensive income that arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements.

Deferred taxation assets and liabilities are not discounted.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that the directors consider it 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.

Financial instruments

The company has chosen to adopt Section 11 of FRS 102 in respect of financial instruments as it has only basic financial instruments.

a) Basic financial assets

Trade and other debtors, and bank balances, which are due within one year are initially recognised at transaction price and subsequently carried at amortised cost being the transaction price less any amounts settled and any impairment losses.

At the end of each reporting period basic financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss.

If there is decrease in the impairment loss arising from an event occurring after the impairment was recognised the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

A financial asset is derecognised only when the contractual rights to cash flows expire or are settled, or substantially all the risks and rewards of ownership are transferred to another party, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

b) Basic financial liabilities and equity

Financial liabilities are classified as liabilities and equity instruments 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.

Trade creditors, and other creditors are initially recognised at transaction price and subsequently carried at amortised cost, being transaction price less any amounts settled.

Other loans are initially recognised at the transaction price, including transaction costs and subsequently measured at amortised cost using the effective interest method. Interest expense is recognised on the basis of the effective interest method and is included in interest payable and other similar charges.

Basic financial liabilities are derecognised when the contractual obligation is discharged, cancelled or expired.

Cash and cash equivalents

Cash and cash equivalents in the balance sheet comprise cash at bank and in hand and short term deposits with an original maturity date of three months or less.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 18 ) .

5.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2024

8,942

Additions

18,668

At 31 December 2024

27,610

AMORTISATION

At 1 January 2024

6,707

Charge for year

6,902

At 31 December 2024

13,609

NET BOOK VALUE

At 31 December 2024

14,001

At 31 December 2023

2,235

6.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 January 2024

1,307

154,772

12,000

168,079

Additions

-

9,082

-

9,082

At 31 December 2024

1,307

163,854

12,000

177,161

DEPRECIATION

At 1 January 2024

981

129,448

12,000

142,429

Charge for year

326

18,556

-

18,882

At 31 December 2024

1,307

148,004

12,000

161,311

NET BOOK VALUE

At 31 December 2024

-

15,850

-

15,850

At 31 December 2023

326

25,324

-

25,650

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

345,499

210,086

Directors' current accounts

39,511

-

Prepayments and accrued income

280,354

235,000

665,364

445,086

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

27,405

27,140

Trade creditors

69,449

50,264

Tax

90,361

45,006

Social security and other taxes

143,441

121,781

Other creditors

10,067

12,372

Directors' current accounts

32,939

1,334

Accruals and deferred income

12,750

13,250

386,412

271,147

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans - 1-2 years

13,504

40,909

10.	SECURED DEBTS

The bank loan is secured by way of a guarantee from P Gill, a director and a first legal charge. Interest is charged at 3.5% over the Base Rate. The loan is repayable in installments over a five year period.

11.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

3,672

4,363

Deferred

tax

£

Balance at 1 January 2024

4,363

Provided during year

(691

)

Balance at 31 December 2024

3,672

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

£1

101

101

1

Ordinary B

£1

-

-

101

101

13.

RESERVES

Retained

earnings

£

At 1 January 2024

216,337

Profit for the year

254,972

Dividends

(120,000

)

At 31 December 2024

351,309

14.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the company owed £39,511 (2023: £1,195 to) by Mr P Gill. This loan is unsecured, interest free and is repayable on demand.

At the balance sheet date the company owed £20,940 (2023: £140 to) to Mr G D Hotchin. This loan is unsecured, interest free and is repayable on demand.

At the balance sheet date the company owed £12,000 (2023: Nil to) to Mr A Vallis. This loan is unsecured, interest free and is repayable on demand.

15.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr P Gill.