Registration number: SC348210

P L Mobility Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 7
Accountants' Report	8

P L Mobility Ltd

Company Information

Director

Mr Robert Paul Lough

Company secretary

Mrs Yvonne Lough

Registered office

Unit 4B Gateway Business Park Beancross Road Grangemouth Stirling Scotland FK3 8WX

Accountants

EQ Accountants Ltd Unit 4B Gateway Business Park Beancross Road Grangemouth FK3 8WX

P L Mobility Ltd

(Registration number: SC348210)
Balance Sheet as at 31 August 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	191,477	212,831
Current assets
Stocks	5	30,169	26,954
Debtors	6	107,220	104,780
Cash at bank and in hand		265,091	233,779
		402,480	365,513
Creditors: Amounts falling due within one year	7	(159,400)	(190,416)
Net current assets		243,080	175,097
Total assets less current liabilities		434,557	387,928
Provisions for liabilities		(35,911)	(36,330)
Net assets		398,646	351,598
Capital and reserves
Called up share capital		2	4
Retained earnings		398,644	351,594
Shareholders' funds		398,646	351,598

For the financial year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 31 March 2026
 

......................................... Mr Robert Paul Lough Director

P L Mobility Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

1	General information

The company is a private company limited by share capital, incorporated in Scotland.

2	Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

P L Mobility Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Motor vehicles	25% straight line
Plant and machinery	20% straight line

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual
arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any
contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
 

3	Employees and Directors

The average number of persons employed by the company (including the director) during the year, was 12 (2024 - 12).

P L Mobility Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

4	Tangible assets

	Short leasehold land and buildings £	Plant and machinery £	Office equipment £	Motor vehicles  £
Cost or valuation
At 1 September 2024	78,144	252,409	19,472	270,691
Additions	-	-	2,222	44,468
Disposals	-	(7,580)	-	(43,436)
At 31 August 2025	78,144	244,829	21,694	271,723
Depreciation
At 1 September 2024	39,072	166,729	18,247	183,837
Charge for the year	7,815	20,621	1,683	32,199
Eliminated on disposal	-	(4,382)	-	(40,908)
At 31 August 2025	46,887	182,968	19,930	175,128
Carrying amount
At 31 August 2025	31,257	61,861	1,764	96,595
At 31 August 2024	39,072	85,680	1,225	86,854

	Total £
Cost or valuation
At 1 September 2024	620,716
Additions	46,690
Disposals	(51,016)
At 31 August 2025	616,390
Depreciation
At 1 September 2024	407,885
Charge for the year	62,318
Eliminated on disposal	(45,290)
At 31 August 2025	424,913
Carrying amount
At 31 August 2025	191,477
At 31 August 2024	212,831

P L Mobility Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

Included within the net book value of land and buildings above is £31,258 (2024 - £39,072) in respect of short leasehold land and buildings.
 

5

Stocks

	2025 £	2024 £
Work in progress	12,539	16,360
Other inventories	17,630	10,594
	30,169	26,954

6

Debtors

Current	2025 £	2024 £
Trade debtors	25,030	35,966
Prepayments	14,446	14,072
Other debtors	67,744	54,742
	107,220	104,780

P L Mobility Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

7

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	58,457	53,397
Taxation and social security	31,605	25,570
Other creditors	69,338	111,449
	159,400	190,416

8	Related party transactions

Creditors include the following amounts which are owed to individuals who were directors of the company during the year:

	2025  £	2024  £
Mr R P Lough	30,237	50,347
Mrs Y M D Lough	30,237	50,348
	60,474	100,695

The maximum balance outstanding during the year amounted to £100,695.

The directors current accounts are repayable on demand.

PLM Fabrications Ltd
Included within debtors is an intercompany loan of £54,741 (2024: £54,741) due from PLM Fabrications Ltd, a company which has shared directors with P L Mobility Ltd. The loan is repayable on demand.

Canalbank Properties Ltd
Also included within debtors is an intercompany loan of £13,000 (2024: £nil) due from Canalbank Properties Ltd, a company which has shared directors with P L Mobility Ltd. The loan is repayable on demand.


 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
P L Mobility Ltd
for the Year Ended 31 August 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of P L Mobility Ltd for the year ended 31 August 2025 as set out on pages 2 to 7 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of P L Mobility Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of P L Mobility Ltd and state those matters that we have agreed to state to the Board of Directors of P L Mobility Ltd, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than P L Mobility Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that P L Mobility Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of P L Mobility Ltd. You consider that P L Mobility Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of P L Mobility Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

EQ Accountants Ltd
Unit 4B
Gateway Business Park
Beancross Road
Grangemouth
FK3 8WX

31 March 2026