PL COMMERCIAL LTD

PL COMMERCIAL LTD

PL COMMERCIAL LTD - Company Information

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PL COMMERCIAL LTD

Company Registration Number:
10419949 (England and Wales)

Unaudited statutory accounts for the year ended 31 October 2023

Period of accounts

Start date: 1 November 2022

End date: 31 October 2023

PL COMMERCIAL LTD

Contents of the Financial Statements

for the Period Ended 31 October 2023

Profit and loss
Balance sheet
Additional notes
Balance sheet notes

PL COMMERCIAL LTD

Profit And Loss Account

for the Period Ended 31 October 2023

2023 2022


£
£
Turnover: 9,612,814 8,649,697
Cost of sales: ( 3,918,640 ) ( 2,108,004 )
Gross profit(or loss): 5,694,174 6,541,693
Distribution costs: 0 0
Administrative expenses: ( 285,000 ) ( 1,337,269 )
Other operating income: 0 0
Operating profit(or loss): 5,409,174 5,204,424
Interest receivable and similar income: 0 1,031,900
Interest payable and similar charges: 0 0
Profit(or loss) before tax: 5,409,174 6,236,324
Tax: ( 325,000 ) ( 296,295 )
Profit(or loss) for the financial year: 5,084,174 5,940,029

PL COMMERCIAL LTD

Balance sheet

As at 31 October 2023

Notes 2023 2022


£
£
Called up share capital not paid: 2 2
Fixed assets
Intangible assets: 3 150,000 0
Tangible assets: 4 2,962,843 1,764,333
Investments: 5 250,000 0
Total fixed assets: 3,362,843 1,764,333
Current assets
Stocks: 6 1,075,000 0
Debtors: 7 642,815 153,281
Cash at bank and in hand: 719,728 424,774
Investments:   0 0
Total current assets: 2,437,543 578,055
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 8 ( 96,872 ) ( 142,427 )
Net current assets (liabilities): 2,340,671 435,628
Total assets less current liabilities: 5,703,516 2,199,963
Creditors: amounts falling due after more than one year: 9 0 ( 327,889 )
Provision for liabilities: ( 325,000 ) ( 296,295 )
Accruals and deferred income: 0 0
Total net assets (liabilities): 5,378,516 1,575,779
Capital and reserves
Called up share capital: 2 2
Share premium account: 0 0
Other reserves: 0 0
Profit and loss account: 5,378,514 1,575,777
Total Shareholders' funds: 5,378,516 1,575,779

The notes form part of these financial statements

PL COMMERCIAL LTD

Balance sheet statements

For the year ending 31 October 2023 the company was entitled to exemption 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.

This report was approved by the board of directors on 1 November 2023
and signed on behalf of the board by:

Name: Darren Chandler
Status: Director

The notes form part of these financial statements

PL COMMERCIAL LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

PL COMMERCIAL LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 45 18

PL COMMERCIAL LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 November 2022 0 0 0
Additions 150,000 0 150,000
Disposals 0 0 0
Revaluations 0 0 0
Transfers 0 0 0
At 31 October 2023 150,000 0 150,000
Amortisation
At 1 November 2022 0 0 0
Charge for year 0 0 0
On disposals 0 0 0
Other adjustments 0 0 0
At 31 October 2023 0 0 0
Net book value
At 31 October 2023 150,000 0 150,000
At 31 October 2022 0 0 0

PL COMMERCIAL LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 November 2022 0 0 0 0 1,764,333 1,764,333
Additions 500,000 198,510 25,000 475,000 1,198,510
Disposals 0 0 0 0 0 0
Revaluations 0 0 0 0 0 0
Transfers 0 0 0 0 0 0
At 31 October 2023 500,000 198,510 0 25,000 2,239,333 2,962,843
Depreciation
At 1 November 2022 0 0 0 0 0 0
Charge for year 0 0 0 0 0 0
On disposals 0 0 0 0 0 0
Other adjustments 0 0 0 0 0 0
At 31 October 2023 0 0 0 0 0 0
Net book value
At 31 October 2023 500,000 198,510 0 25,000 2,239,333 2,962,843
At 31 October 2022 0 0 0 0 1,764,333 1,764,333

PL COMMERCIAL LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

5. Fixed assets investments note

Investment provided into one of our plant workshops.

PL COMMERCIAL LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

6. Stocks

2023 2022
£ £
Stocks 1,075,000 0
Payments on account 0 0
Total 1,075,000 0

PL COMMERCIAL LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

7. Debtors

2023 2022
£ £
Trade debtors 642,815 153,281
Prepayments and accrued income 0 0
Other debtors 0 0
Total 642,815 153,281
Debtors due after more than one year: 0 0

PL COMMERCIAL LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

8. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 51,000 36,027
Trade creditors 45,872 47,085
Taxation and social security 0 55,815
Accruals and deferred income 0 0
Other creditors 0 3,500
Total 96,872 142,427

PL COMMERCIAL LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

9. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 327,889
Other creditors 0 0
Total 0 327,889