PLB Ecowood Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 07547846

		31 October 2024		30 November 2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		284,831		292,655

			284,831		292,655
CURRENT ASSETS
Debtors	5	11,008		12,924
Cash at bank and in hand		1,329		129

		12,337		13,053
Creditors: Amounts Falling Due Within One Year	6	(127,997 )		(104,667 )

NET CURRENT ASSETS (LIABILITIES)			(115,660 )		(91,614 )

TOTAL ASSETS LESS CURRENT LIABILITIES			169,171		201,041

Creditors: Amounts Falling Due After More Than One Year	7		(39,959 )		(46,614 )

NET ASSETS			129,212		154,427

Income and Expenditure Account			129,212		154,427

MEMBERS' FUNDS			129,212		154,427

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PLB Ecowood Ltd

Balance Sheet (continued)

As At 31 October 2024

For the period ending 31 October 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 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income and Expenditure Account.

On behalf of the board

Mr Luke Bater

Director

14th October 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

PLB Ecowood Ltd is a private company, limited by guarantee, incorporated in England & Wales, registered number 07547846 . The registered office is Penmaen Farm Treguff, St. Mary Church, Cowbridge, South Glamorgan, CF71 7LT.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	Not provided for
Plant & Machinery	18% Reducing Balance
Motor Vehicles	18% Reducing Balance
Fixtures & Fittings	18% Reducing Balance

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income and expenditure account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the income and expenditure account as incurred.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable surplus for the year. Taxable surplus differs from surplus as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable surplus. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable surplus will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable surplus will be available to allow all or part of the asset to be recovered.

...CONTINUED

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PLB Ecowood Ltd

Notes to the Financial Statements (continued)

For the Period 1 December 2023 to 31 October 2024

2.5. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in surplus or deficit for the period, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.6. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the income and expenditure account, directors report, and notes to the financial statements relating to the income and expenditure account.

3. Average Number of Employees

Average number of employees, including directors, during the period was: 2 (2023: 2)

4. Tangible Assets

	Land & Buildings	Plant & Machinery etc.	Total
	£	£	£
Cost
As at 1 December 2023	255,750	98,096	353,846

As at 31 October 2024	255,750	98,096	353,846

Depreciation
As at 1 December 2023	-	61,191	61,191
Provided during the period	-	7,824	7,824

As at 31 October 2024	-	69,015	69,015

Net Book Value
As at 31 October 2024	255,750	29,081	284,831

As at 1 December 2023	255,750	36,905	292,655

5. Debtors

	31 October 2024	30 November 2023
	£	£
Due within one year
Trade debtors	8,818	11,618
Other debtors	2,190	1,306

	11,008	12,924

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PLB Ecowood Ltd

Notes to the Financial Statements (continued)

For the Period 1 December 2023 to 31 October 2024

6. Creditors: Amounts Falling Due Within One Year

	31 October 2024	30 November 2023
	£	£
Net obligations under finance lease and hire purchase contracts	4,388	4,388
Trade creditors	25,038	2,930
Bank loans and overdrafts	50,838	48,327
Other creditors	17,556	18,846
Taxation and social security	30,177	30,176

	127,997	104,667

7. Creditors: Amounts Falling Due After More Than One Year

	31 October 2024	30 November 2023
	£	£
Net obligations under finance lease and hire purchase contracts	2,957	5,981
Bank loans	37,002	40,633

	39,959	46,614

8. Obligations Under Finance Leases and Hire Purchase

	31 October 2024	30 November 2023
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	4,388	4,388
Later than one year and not later than five years	2,957	5,981

	7,345	10,369

	7,345	10,369

9. Deferred Taxation

The provision for deferred tax is made up as follows:

10. Company limited by guarantee

The company is limited by guarantee and has no share capital.

Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.

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