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REGISTERED NUMBER: 03070306 (England and Wales)















Plantation Shutters Limited

Unaudited Financial Statements for the Year Ended 30 April 2023






Plantation Shutters Limited (Registered number: 03070306)

Contents of the Financial Statements
for the Year Ended 30 April 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Plantation Shutters Limited

Company Information
for the Year Ended 30 April 2023







DIRECTORS: RCG James
JM James





SECRETARY: JM James





REGISTERED OFFICE: Unit 10
River Reach
1 Gartons Way
Battersea
London
SW11 3SX





REGISTERED NUMBER: 03070306 (England and Wales)





ACCOUNTANTS: Haines Watts Accountants (Exeter) Limited
3 Southernhay West
Exeter
Devon
EX1 1JG

Plantation Shutters Limited (Registered number: 03070306)

Balance Sheet
30 April 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 158,238 161,057
158,238 161,057

CURRENT ASSETS
Stocks 39,428 74,168
Debtors 6 450,676 462,429
Cash at bank and in hand 2,927,203 2,710,750
3,417,307 3,247,347
CREDITORS
Amounts falling due within one year 7 (1,082,095 ) (1,086,842 )
NET CURRENT ASSETS 2,335,212 2,160,505
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,493,450

2,321,562

PROVISIONS FOR LIABILITIES (29,339 ) (25,989 )
NET ASSETS 2,464,111 2,295,573

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 2,464,109 2,295,571
SHAREHOLDERS' FUNDS 2,464,111 2,295,573

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 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.

Plantation Shutters Limited (Registered number: 03070306)

Balance Sheet - continued
30 April 2023


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 7 September 2023 and were signed on its behalf by:





RCG James - Director


Plantation Shutters Limited (Registered number: 03070306)

Notes to the Financial Statements
for the Year Ended 30 April 2023


1. STATUTORY INFORMATION

Plantation Shutters 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 amounts chargeable in respect of the sale of goods and services to customers.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% reducing balance
Fixtures and fittings - 20% reducing balance
Motor vehicles - 25% reducing balance
Computer equipment - 20% 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.


Plantation Shutters Limited (Registered number: 03070306)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023


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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2022 - 23 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2022
and 30 April 2023 2,000,000
AMORTISATION
At 1 May 2022
and 30 April 2023 2,000,000
NET BOOK VALUE
At 30 April 2023 -
At 30 April 2022 -

Plantation Shutters Limited (Registered number: 03070306)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2022 39,094 17,698 256,924 39,502 353,218
Additions 11,328 26,037 22,165 1,138 60,668
Disposals (38,552 ) (3,793 ) (42,486 ) (22,470 ) (107,301 )
At 30 April 2023 11,870 39,942 236,603 18,170 306,585
DEPRECIATION
At 1 May 2022 22,985 11,382 128,983 28,811 192,161
Charge for year 4,838 4,893 34,756 2,731 47,218
Eliminated on disposal (27,269 ) (3,333 ) (40,427 ) (20,003 ) (91,032 )
At 30 April 2023 554 12,942 123,312 11,539 148,347
NET BOOK VALUE
At 30 April 2023 11,316 27,000 113,291 6,631 158,238
At 30 April 2022 16,109 6,316 127,941 10,691 161,057

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Prepayments and accrued income 450,676 462,429

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 124,424 65,552
Tax 139,742 192,017
Social security and other taxes 24,546 31,389
VAT 2,534 46,582
Deferred Income 713,666 670,488
Directors' current accounts - 244
Other creditors 53,483 53,483
Accrued expenses 23,700 27,087
1,082,095 1,086,842

Plantation Shutters Limited (Registered number: 03070306)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023


8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2023 and 30 April 2022:

2023 2022
£    £   
RCG James and JM James
Balance outstanding at start of year (244 ) (319,409 )
Amounts advanced 244 520,919
Amounts repaid - (201,754 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - (244 )