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Company Registration No. 03751865 (England and Wales)
The Plant Specialist Limited Unaudited accounts for the year ended 31 March 2024
The Plant Specialist Limited Unaudited accounts Contents
Page
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The Plant Specialist Limited Company Information for the year ended 31 March 2024
Directors
Keith Pounder Sean Walter
Company Number
03751865 (England and Wales)
Registered Office
7 WHITEFIELD LANE GREAT MISSENDEN BUCKINGHAMSHIRE HP16 0BH
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The Plant Specialist Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
260,228 
322,627 
Current assets
Debtors
318,790 
31,207 
Cash at bank and in hand
55,456 
191,960 
374,246 
223,167 
Creditors: amounts falling due within one year
(108,738)
(54,933)
Net current assets
265,508 
168,234 
Total assets less current liabilities
525,736 
490,861 
Creditors: amounts falling due after more than one year
- 
(34,115)
Provisions for liabilities
Deferred tax
(10,959)
(20,185)
Net assets
514,777 
436,561 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
514,775 
436,559 
Shareholders' funds
514,777 
436,561 
For the year ending 31 March 2024 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 1 August 2024 and were signed on its behalf by
Keith Pounder Director Company Registration No. 03751865
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The Plant Specialist Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
The Plant Specialist Limited is a private company, limited by shares, registered in England and Wales, registration number 03751865. The registered office is 7 WHITEFIELD LANE, GREAT MISSENDEN, BUCKINGHAMSHIRE, HP16 0BH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Cost
Motor vehicles
25% Reducing Balance
Fixtures & fittings
20% Cost
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the beenefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
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The Plant Specialist Limited Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 April 2023
216,392 
216,694 
128,778 
7,381 
569,245 
Disposals
- 
(67,378)
(51,681)
- 
(119,059)
At 31 March 2024
216,392 
149,316 
77,097 
7,381 
450,186 
Depreciation
At 1 April 2023
- 
133,504 
105,733 
7,381 
246,618 
Charge for the year
- 
29,158 
5,761 
- 
34,919 
On disposals
- 
(42,179)
(49,400)
- 
(91,579)
At 31 March 2024
- 
120,483 
62,094 
7,381 
189,958 
Net book value
At 31 March 2024
216,392 
28,833 
15,003 
- 
260,228 
At 31 March 2023
216,392 
83,190 
23,045 
- 
322,627 
2024 
2023 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Plant & machinery
- 
60,694 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
108,790 
23,780 
Other debtors
210,000 
7,427 
318,790 
31,207 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
- 
8,333 
Obligations under finance leases and hire purchase contracts
- 
12,502 
Trade creditors
24,960 
11,518 
Taxes and social security
83,172 
18,950 
Other creditors
6 
630 
Accruals
600 
3,000 
108,738 
54,933 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
- 
25,787 
Obligations under finance leases and hire purchase contracts
- 
8,328 
- 
34,115 
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The Plant Specialist Limited Notes to the Accounts for the year ended 31 March 2024
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Loan
- 
210,000 
- 
210,000 
- 
210,000 
- 
210,000 
9
Average number of employees
During the year the average number of employees was 4 (2023: 5).
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