REGISTERED NUMBER: 10977848 (England and Wales)

PL26 INDUSTRIES LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

W M Gibbins

Mrs C L Harris

Mrs C Jenkins

REGISTERED OFFICE:

20-22 Wenlock Road

London

N1 7GU

REGISTERED NUMBER:

10977848 (England and Wales)

ACCOUNTANTS:

N J Churcher Limited

Chartered Tax Advisers

44 Ridgeway

Weston Favell

Northampton

Northamptonshire

NN3 3AN

FIXED ASSETS

Tangible assets

4

1,221

1,628

CURRENT ASSETS

Stocks

8,552

12,541

Debtors

5

2,013

2,373

Cash at bank and in hand

3,563

4,442

14,128

19,356

CREDITORS

Amounts falling due within one year

6

19,639

13,771

NET CURRENT (LIABILITIES)/ASSETS

(5,511

)

5,585

TOTAL ASSETS LESS CURRENT LIABILITIES

(4,290

)

7,213

CREDITORS

Amounts falling due after more than one year

7

-

1,350

NET (LIABILITIES)/ASSETS

(4,290

)

5,863

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(4,292

)

5,861

(4,290

)

5,863

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 20 July 2026 and were signed on its behalf by:

W M Gibbins - Director

1.	STATUTORY INFORMATION

Pl26 Industries Ltd 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

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

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

Going concern

At the balance sheet, the company was supported with loans amounting to £16,550 from companies under the same control. Those companies have agreed to continue this support and not demand repayment for at least a year from the date of signing the accounts. Therefore the directors feel it is appropriate to use the going concern basis for the preparation of the accounts.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 October 2024

and 30 September 2025

12,887

DEPRECIATION

At 1 October 2024

11,259

Charge for year

407

At 30 September 2025

11,666

NET BOOK VALUE

At 30 September 2025

1,221

At 30 September 2024

1,628

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

928

-

Other debtors

1,085

2,373

2,013

2,373

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

1,350

1,800

Other creditors

18,289

11,971

19,639

13,771

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

1,350