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REGISTERED NUMBER: 02981416 (England and Wales)




























Financial Statements

for the Year Ended 31 March 2022

for

Planters Clayton Limited

Planters Clayton Limited (Registered number: 02981416)






Contents of the Financial Statements
for the Year Ended 31 March 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Planters Clayton Limited

Company Information
for the Year Ended 31 March 2022







DIRECTOR: Mr Carl Damian Greenhalgh



SECRETARY: Mrs Patricia Ann Greenhalgh



REGISTERED OFFICE: 1st Floor, Unit C, Lostock Office Park
Lynstock Way
Lostock
Bolton
Lancashire
BL6 4SG



REGISTERED NUMBER: 02981416 (England and Wales)



AUDITORS: DonnellyBentley Limited
Chartered Accountants
Statutory Auditor
Hazlemere
70 Chorley New Road
Bolton
Lancashire
BL1 4BY



BANKERS: Royal Bank of Scotland plc
1 Hardman Boulevard
Manchester
M3 3AQ



SOLICITORS: Fieldings Porter
Silverwell House
Silverwell Street
Bolton
BL1 1PT

Planters Clayton Limited (Registered number: 02981416)

Balance Sheet
31 March 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 36,472 46,832

CURRENT ASSETS
Stocks 5 37,798 87,692
Debtors 6 454,090 529,740
Cash at bank and in hand 1,730,591 1,847,183
2,222,479 2,464,615
CREDITORS
Amounts falling due within one year 7 89,674 308,923
NET CURRENT ASSETS 2,132,805 2,155,692
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,169,277

2,202,524

CAPITAL AND RESERVES
Called up share capital 10 200 200
Capital redemption reserve 800 800
Retained earnings 2,168,277 2,201,524
SHAREHOLDERS' FUNDS 2,169,277 2,202,524

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 1 September 2022 and were signed by:





Mr Carl Damian Greenhalgh - Director


Planters Clayton Limited (Registered number: 02981416)

Notes to the Financial Statements
for the Year Ended 31 March 2022

1. STATUTORY INFORMATION

Planters Clayton 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.

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 represents net invoices sale of goods, excluding value added tax having regard to the fulfilment of contractual obligations.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - Over the respective lease agreement
Plant and machinery - 20% on reducing balance
Office equipment - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Tangible fixed assets are included at cost less depreciation and impairment.

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

Debtors and creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recorded in the profit and loss account.

Cash and cash equivalents

Cash and cash equivalents comprise cash balances in hand and at bank.

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


Planters Clayton Limited (Registered number: 02981416)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Leasing
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.

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.

Long term contracts
The amount recoverable on each long term contract is based on stage of completion, by calculating costs incurred to date as a percentage of total costs, less any provision for known or anticipated losses and progress payments received and receivable.

Where the outcome of incomplete contracts can be assessed with reasonable certainty, the attributable profit is recognised in the profit and loss account as an appropriate proportion of the estimated profit for that contract. The amount by which turnover is in excess of progress payments received and receivable is classified as amounts recoverable on contracts and separately disclosed in debtors. In assessing amounts recoverable, the director provides for the cost of potential claims based on experience.

Leasing
Tangible fixed assets acquired under finance leases or hire purchase contracts are capitalised and depreciated in the same manner as other tangible fixed assets. The related obligations, net of future finance charges, are included in creditors.

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

Government grants
Government grants comprise amounts received from the Coronavirus Job Retention Scheme. These are credited to the profit and loss account in the month to which they relate.

Planters Clayton Limited (Registered number: 02981416)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2021 - 6 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Office Motor
property machinery equipment vehicles Totals
£    £    £    £    £   
COST
At 1 April 2021 1,625 11,669 34,737 67,097 115,128
Additions - - 1,165 - 1,165
At 31 March 2022 1,625 11,669 35,902 67,097 116,293
DEPRECIATION
At 1 April 2021 975 8,611 26,984 31,726 68,296
Charge for year 325 612 1,745 8,843 11,525
At 31 March 2022 1,300 9,223 28,729 40,569 79,821
NET BOOK VALUE
At 31 March 2022 325 2,446 7,173 26,528 36,472
At 31 March 2021 650 3,058 7,753 35,371 46,832

5. STOCKS
2022 2021
£    £   
Stocks 37,798 87,692

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 63,597 29,709
Amounts recoverable on
contracts - 58,613
Other debtors 14,770 49,673
Directors' current accounts 249,450 272,450
Tax 88,546 99,098
Deferred tax asset 11,367 10,840
Prepayments and accrued income 26,360 9,357
454,090 529,740

Planters Clayton Limited (Registered number: 02981416)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 45,737 200,880
Tax 21,106 88,546
Social security and other taxes 4,824 3,655
Accrued expenses 18,007 15,842
89,674 308,923

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2022 2021
£    £   
Within one year 16,365 15,010
Between one and five years 6,818 21,264
23,183 36,274

9. DEFERRED TAX
£   
Balance at 1 April 2021 (10,840 )
Credit to Statement of Income and Retained Earnings during year (527 )
Balance at 31 March 2022 (11,367 )

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
200 Ordinary £1 200 200

11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr Jonathan Hargraves BA(Hons) FCA (Senior Statutory Auditor)
for and on behalf of DonnellyBentley Limited

Planters Clayton Limited (Registered number: 02981416)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2022 and 31 March 2021:

2022 2021
£    £   
Mr Carl Damian Greenhalgh
Balance outstanding at start of year 272,450 -
Amounts advanced - 295,000
Amounts repaid (23,000 ) (22,550 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 249,450 272,450