REGISTERED NUMBER: 05641800 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

PL MACHINERY SERVICES & SALES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

N R Northwood

R D Sams

REGISTERED OFFICE:

A3/A4 Barton Industrial Estate

Faldo Road

Barton-Le-Clay

Bedfordshire

MK45 4RP

REGISTERED NUMBER:

05641800 (England and Wales)

ACCOUNTANTS:

MDG Business Associates Limited

Room 73

Wrest House

Wrest Park

Silsoe

Bedfordshire

MK45 4HR

FIXED ASSETS

Intangible assets

5

27,000

40,500

Tangible assets

6

50,228

66,972

77,228

107,472

CURRENT ASSETS

Stocks

2,851

27,011

Debtors

7

176,721

137,369

Cash at bank and in hand

52,624

77,219

232,196

241,599

CREDITORS

Amounts falling due within one year

8

93,444

95,764

NET CURRENT ASSETS

138,752

145,835

TOTAL ASSETS LESS CURRENT LIABILITIES

215,980

253,307

CREDITORS

Amounts falling due after more than one year

9

(23,906

)

(35,639

)

PROVISIONS FOR LIABILITIES

10

(1,213

)

(3,707

)

NET ASSETS

190,861

213,961

CAPITAL AND RESERVES

Called up share capital

11

1,002

1,002

Retained earnings

189,859

212,959

SHAREHOLDERS' FUNDS

190,861

213,961

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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 November 2025 and were signed on its behalf by:

N R Northwood - Director

1.	STATUTORY INFORMATION

PL Machinery Services & Sales 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

After making enquires, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable and represents the amounts receivable for goods supplied and services rendered, stated net of discounts and Value Added Tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of ten years.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

Cost

At 1 April 2024

and 31 March 2025

150,000

Amortisation

At 1 April 2024

109,500

Amortisation for year

13,500

At 31 March 2025

123,000

Net book value

At 31 March 2025

27,000

At 31 March 2024

40,500

6.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

Cost

At 1 April 2024

and 31 March 2025

5,508

3,494

118,534

20,696

148,232

Depreciation

At 1 April 2024

4,990

3,398

53,997

18,875

81,260

Charge for year

129

25

16,134

456

16,744

At 31 March 2025

5,119

3,423

70,131

19,331

98,004

Net book value

At 31 March 2025

389

71

48,403

1,365

50,228

At 31 March 2024

518

96

64,537

1,821

66,972

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

Cost

At 1 April 2024

and 31 March 2025

74,237

Depreciation

At 1 April 2024

15,473

Charge for year

14,691

At 31 March 2025

30,164

Net book value

At 31 March 2025

44,073

At 31 March 2024

58,764

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

87,858

63,210

Amounts owed by group undertakings

68,348

54,074

Other debtors

5,690

6,989

Prepayments

14,825

13,096

176,721

137,369

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

11,733

11,733

Trade creditors

36,249

49,412

Corporation tax

11,802

1,118

Social security and other taxes

2,410

2,783

VAT

18,677

23,266

Other creditors

479

514

Director's loan account

6,699

1,659

Accruals and deferred income

5,395

5,279

93,444

95,764

Obligations held under hire purchase contracts are secured on the assets concerned.

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

23,906

35,639

Obligations held under hire purchase contracts are secured on the assets concerned.

10.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

1,213

3,707

Deferred

tax

£

Balance at 1 April 2024

3,707

Capital allowances in excess

of depreciation

(2,494

)

Balance at 31 March 2025

1,213

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1,002

Ordinary

£1

1,002

1,002

12.	RELATED PARTY DISCLOSURES

Included within debtors is an amount of £68,348 (2024: £54,074) due from Revelop Trading Limited, a company under common control. No interest has been charged on this balance during the year (2024: £Nil) and there are no set repayment terms.

Included within creditors is an amount of £3,361 (2024: £842) due to R D Sams, director. Interest of £Nil (2024: £Nil) has been charged on this balance during the year and there are no set repayment terms.

Included within creditors is an amount of £3,337 (2024: £817) due to N R Northwood, director. Interest of £Nil (2024: £Nil) has been charged on this balance during the year and there are no set repayment terms.