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Company Registration No. 13099648 (England and Wales)
P L Sorrell Limited Unaudited accounts for the year ended 31 December 2024
P L Sorrell Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
P L Sorrell Limited Company Information for the year ended 31 December 2024
Director
Philip Leonard Sorrell
Company Number
13099648 (England and Wales)
Registered Office
3a Blue Sky Way Monkton Business Park South Hebburn Tyne and Wear NE31 2EQ United Kingdom
Accountants
Abacus Accounting (NE) Limited 3a Blue Sky Way Monkton Business Park South Hebburn Tyne and Wear NE31 2EQ
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P L Sorrell Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
322 
443 
Current assets
Cash at bank and in hand
1,539 
14,395 
Creditors: amounts falling due within one year
5
(298)
(13,029)
Net current assets
1,241 
1,366 
Net assets
1,563 
1,809 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
1,463 
1,709 
Shareholders' funds
1,563 
1,809 
For the year ending 31 December 2024 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 director acknowledges his 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 and authorised for issue on 30 September 2025 and were signed on its behalf by
Philip Leonard Sorrell Director Company Registration No. 13099648
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P L Sorrell Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
P L Sorrell Limited is a private company, limited by shares, registered in England and Wales, registration number 13099648. The registered office is 3a Blue Sky Way, Monkton Business Park South, Hebburn, Tyne and Wear, NE31 2EQ, United Kingdom.
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
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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% straight line
Computer equipment
33.33 straight line
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2024
806 
3,429 
4,235 
At 31 December 2024
806 
3,429 
4,235 
Depreciation
At 1 January 2024
363 
3,429 
3,792 
Charge for the year
121 
- 
121 
At 31 December 2024
484 
3,429 
3,913 
Net book value
At 31 December 2024
322 
- 
322 
At 31 December 2023
443 
- 
443 
- 5 -
P L Sorrell Limited Notes to the Accounts for the year ended 31 December 2024
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
1 
764 
Taxes and social security
297 
297 
Loans from directors
- 
11,968 
298 
13,029 
6
Average number of employees
During the year the average number of employees was 1 (2023: 1).
- 6 -