PL Developments Limited 08277016 false 2024-11-01 2025-10-31 2025-10-31 The principal activity of the company is that of general construction activities Digita Accounts Production Advanced 6.30.9574.0 true true 08277016 2024-11-01 2025-10-31 08277016 2025-10-31 08277016 core:CurrentFinancialInstruments 2025-10-31 08277016 core:CurrentFinancialInstruments core:WithinOneYear 2025-10-31 08277016 core:FurnitureFittings 2025-10-31 08277016 core:LandBuildings core:ShortLeaseholdAssets 2025-10-31 08277016 core:MotorVehicles 2025-10-31 08277016 core:OfficeEquipment 2025-10-31 08277016 core:PlantMachinery 2025-10-31 08277016 bus:SmallEntities 2024-11-01 2025-10-31 08277016 bus:AuditExemptWithAccountantsReport 2024-11-01 2025-10-31 08277016 bus:FilletedAccounts 2024-11-01 2025-10-31 08277016 bus:SmallCompaniesRegimeForAccounts 2024-11-01 2025-10-31 08277016 bus:RegisteredOffice 2024-11-01 2025-10-31 08277016 bus:Director1 2024-11-01 2025-10-31 08277016 bus:Director2 2024-11-01 2025-10-31 08277016 bus:PrivateLimitedCompanyLtd 2024-11-01 2025-10-31 08277016 bus:Agent1 2024-11-01 2025-10-31 08277016 core:FurnitureFittings 2024-11-01 2025-10-31 08277016 core:FurnitureFittingsToolsEquipment 2024-11-01 2025-10-31 08277016 core:LandBuildings core:ShortLeaseholdAssets 2024-11-01 2025-10-31 08277016 core:LeaseholdImprovements 2024-11-01 2025-10-31 08277016 core:MotorVehicles 2024-11-01 2025-10-31 08277016 core:OfficeEquipment 2024-11-01 2025-10-31 08277016 core:PlantMachinery 2024-11-01 2025-10-31 08277016 core:Vehicles 2024-11-01 2025-10-31 08277016 1 2024-11-01 2025-10-31 08277016 countries:EnglandWales 2024-11-01 2025-10-31 08277016 2024-10-31 08277016 core:FurnitureFittings 2024-10-31 08277016 core:LandBuildings core:ShortLeaseholdAssets 2024-10-31 08277016 core:MotorVehicles 2024-10-31 08277016 core:OfficeEquipment 2024-10-31 08277016 core:PlantMachinery 2024-10-31 08277016 2023-11-01 2024-10-31 08277016 2024-10-31 08277016 core:CurrentFinancialInstruments 2024-10-31 08277016 core:CurrentFinancialInstruments core:WithinOneYear 2024-10-31 08277016 core:FurnitureFittings 2024-10-31 08277016 core:LandBuildings core:ShortLeaseholdAssets 2024-10-31 08277016 core:MotorVehicles 2024-10-31 08277016 core:OfficeEquipment 2024-10-31 08277016 core:PlantMachinery 2024-10-31 iso4217:GBP xbrli:pure

Registration number: 08277016

PL Developments Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 October 2025

PL Developments Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 7

PL Developments Limited

Company Information

Directors | Mrs Sally Victoria Lyons Mr Peter Lyons

Registered office | c/o Atkinson Evans Limited The Old Drill Hall 10 Arnot Hill Road Arnold Nottingham NG5 6LJ

Accountants | Atkinson Evans Limited Chartered Certified AccountantsThe Old Drill Hall 10 Arnot Hill Road Arnold Nottingham Nottinghamshire NG5 6LJ

PL Developments Limited

(Registration number: 08277016)
Balance Sheet as at 31 October 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 141,019 | 73,983
Current assets |  |  |
Debtors | 5 | 312,764 | 681,936
Cash at bank and in hand |  | 783,337 | 612,476
|  | 1,096,101 | 1,294,412
Creditors: Amounts falling due within one year | 6 | (426,313) | (745,613)
Net current assets |  | 669,788 | 548,799
Total assets less current liabilities |  | 810,807 | 622,782
Provisions for liabilities |  | (17,220) | (15,336)
Net assets |  | 793,587 | 607,446
Capital and reserves |  |  |
Called up share capital |  | 103 | 103
Retained earnings |  | 793,484 | 607,343
Shareholders' funds |  | 793,587 | 607,446

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

Directors' 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 directors acknowledge their 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 15 December 2025 and signed on its behalf by:

......................................... Mr Peter Lyons Director

PL Developments Limited

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

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
c/o Atkinson Evans Limited
The Old Drill Hall
10 Arnot Hill Road
Arnold
Nottingham
NG5 6LJ

These financial statements were authorised for issue by the Board on 15 December 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

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.

PL Developments Limited

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

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.

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
Leasehold improvements | 10 Years straight line
Plant and machinery | 25% Reducing balance
Fixtures and fittings | 25% Reducing balance
Motor vehicles | 25% Reducing balance
Office equipment | 3 Years straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

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.

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.

PL Developments Limited

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

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 7 (2024 - 5).

PL Developments Limited

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

4 | Tangible assets

| Short leasehold land and buildings £ | Fixtures and fittings £ | Plant and machinery £ | Office equipment £
Cost or valuation
At 1 November 2024 | 75,913 | 53,942 | 11,978 | 34,744
Additions | - | 3,133 | - | 7,379
Disposals | - | - | - | -
At 31 October 2025 | 75,913 | 57,075 | 11,978 | 42,123
Depreciation
At 1 November 2024 | 53,474 | 46,060 | 9,365 | 26,394
Charge for the year | 7,592 | 2,259 | 656 | 3,508
Eliminated on disposal | - | - | - | -
At 31 October 2025 | 61,066 | 48,319 | 10,021 | 29,902
Carrying amount
At 31 October 2025 | 14,847 | 8,756 | 1,957 | 12,221
At 31 October 2024 | 22,439 | 7,882 | 2,613 | 8,350

| Motor vehicles £ | Total £
Cost or valuation
At 1 November 2024 | 44,408 | 220,985
Additions | 102,114 | 112,626
Disposals | (12,663) | (12,663)
At 31 October 2025 | 133,859 | 320,948
Depreciation
At 1 November 2024 | 11,708 | 147,001
Charge for the year | 23,778 | 37,793
Eliminated on disposal | (4,865) | (4,865)
At 31 October 2025 | 30,621 | 179,929
Carrying amount
At 31 October 2025 | 103,238 | 141,019
At 31 October 2024 | 32,699 | 73,983

PL Developments Limited

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

5 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 236,678 | 561,116
Prepayments | 18,807 | 20,464
Other debtors | 57,279 | 100,356
| 312,764 | 681,936

6 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Trade creditors |  | 193,639 | 235,071
Amounts owed to group undertakings and undertakings in which the company has a participating interest |  | 35,602 | 261,084
Taxation and social security |  | 125,845 | 187,424
Accruals and deferred income |  | 66,628 | 56,256
Other creditors |  | 4,599 | 5,778
|  | 426,313 | 745,613

7 | Parent and ultimate parent undertaking

The company's immediate parent is SAMP Holidngs Ltd, incorporated in UK.
These financial statements are available upon request from Companies House