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REGISTERED NUMBER: 11681704 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

PLUSH AUTOMOTIVE LIMITED

PLUSH AUTOMOTIVE LIMITED (REGISTERED NUMBER: 11681704)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PLUSH AUTOMOTIVE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: L J S Massy





REGISTERED OFFICE: 126 Station Road
Broughton Astley
Leicestershire
LE9 6PW





REGISTERED NUMBER: 11681704 (England and Wales)





ACCOUNTANTS: TC SEM Limited
31 High View Close
Hamilton Office Park
Leicester
Leicestershire
LE4 9LJ

PLUSH AUTOMOTIVE LIMITED (REGISTERED NUMBER: 11681704)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 17,000 34,000
Tangible assets 5 70,090 105,182
87,090 139,182

CURRENT ASSETS
Stocks 75,825 74,721
Debtors 6 13,305 21,933
Cash at bank 3,957 1,546
93,087 98,200
CREDITORS
Amounts falling due within one year 7 90,206 137,717
NET CURRENT ASSETS/(LIABILITIES) 2,881 (39,517 )
TOTAL ASSETS LESS CURRENT LIABILITIES 89,971 99,665

CREDITORS
Amounts falling due after more than
one year

8

25,890

36,667
NET ASSETS 64,081 62,998

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 63,981 62,898
64,081 62,998

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

PLUSH AUTOMOTIVE LIMITED (REGISTERED NUMBER: 11681704)

BALANCE SHEET - continued
31 MARCH 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 director and authorised for issue on 22 September 2023 and were signed by:





L J S Massy - Director


PLUSH AUTOMOTIVE LIMITED (REGISTERED NUMBER: 11681704)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, 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% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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.

PLUSH AUTOMOTIVE LIMITED (REGISTERED NUMBER: 11681704)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


2. ACCOUNTING POLICIES - continued

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 5 (2022 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 85,000
AMORTISATION
At 1 April 2022 51,000
Charge for year 17,000
At 31 March 2023 68,000
NET BOOK VALUE
At 31 March 2023 17,000
At 31 March 2022 34,000

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022 58,002 155,072 14,717 227,791
Additions 1,201 - - 1,201
At 31 March 2023 59,203 155,072 14,717 228,992
DEPRECIATION
At 1 April 2022 29,192 88,200 5,217 122,609
Charge for year 14,721 16,716 4,856 36,293
At 31 March 2023 43,913 104,916 10,073 158,902
NET BOOK VALUE
At 31 March 2023 15,290 50,156 4,644 70,090
At 31 March 2022 28,810 66,872 9,500 105,182

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 12,864 21,933
Other debtors 441 -
13,305 21,933

PLUSH AUTOMOTIVE LIMITED (REGISTERED NUMBER: 11681704)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,890 10,000
Trade creditors 15,243 38,572
Taxation and social security 27,850 38,792
Other creditors 36,223 50,353
90,206 137,717

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 25,890 36,667

9. RELATED PARTY DISCLOSURES

Included in other creditors is a loan from the director of £33,204 (2022: £47,453) This loan is interest free and repayable on demand.

The company occupies the trading premises owned by the director, no rent is paid by the company to the director.