IRIS Accounts Production v24.2.0.383 03070306 Board of Directors 1.5.23 30.4.24 30.4.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh030703062023-04-30030703062024-04-30030703062023-05-012024-04-30030703062022-04-30030703062022-05-012023-04-30030703062023-04-3003070306ns15:EnglandWales2023-05-012024-04-3003070306ns14:PoundSterling2023-05-012024-04-3003070306ns10:Director12023-05-012024-04-3003070306ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3003070306ns10:SmallEntities2023-05-012024-04-3003070306ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3003070306ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3003070306ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3003070306ns10:FullAccounts2023-05-012024-04-300307030612023-05-012024-04-3003070306ns10:Director22023-05-012024-04-3003070306ns10:CompanySecretary12023-05-012024-04-3003070306ns10:RegisteredOffice2023-05-012024-04-3003070306ns5:CurrentFinancialInstruments2024-04-3003070306ns5:CurrentFinancialInstruments2023-04-3003070306ns5:ShareCapital2024-04-3003070306ns5:ShareCapital2023-04-3003070306ns5:RetainedEarningsAccumulatedLosses2024-04-3003070306ns5:RetainedEarningsAccumulatedLosses2023-04-3003070306ns5:NetGoodwill2023-05-012024-04-3003070306ns5:IntangibleAssetsOtherThanGoodwill2023-05-012024-04-3003070306ns5:ComputerSoftware2023-05-012024-04-3003070306ns5:LeaseholdImprovements2023-05-012024-04-3003070306ns5:PlantMachinery2023-05-012024-04-3003070306ns5:FurnitureFittings2023-05-012024-04-3003070306ns5:MotorVehicles2023-05-012024-04-3003070306ns5:ComputerEquipment2023-05-012024-04-3003070306ns5:NetGoodwill2023-04-3003070306ns5:ComputerSoftware2023-04-3003070306ns5:NetGoodwill2024-04-3003070306ns5:ComputerSoftware2024-04-3003070306ns5:NetGoodwill2023-04-3003070306ns5:ComputerSoftware2023-04-3003070306ns5:LeaseholdImprovements2023-04-3003070306ns5:PlantMachinery2023-04-3003070306ns5:FurnitureFittings2023-04-3003070306ns5:LeaseholdImprovements2024-04-3003070306ns5:PlantMachinery2024-04-3003070306ns5:FurnitureFittings2024-04-3003070306ns5:LeaseholdImprovements2023-04-3003070306ns5:PlantMachinery2023-04-3003070306ns5:FurnitureFittings2023-04-3003070306ns5:MotorVehicles2023-04-3003070306ns5:ComputerEquipment2023-04-3003070306ns5:MotorVehicles2024-04-3003070306ns5:ComputerEquipment2024-04-3003070306ns5:MotorVehicles2023-04-3003070306ns5:ComputerEquipment2023-04-3003070306ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-04-3003070306ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-30030703061ns10:Director12023-04-30030703061ns10:Director12022-04-30030703061ns10:Director12023-05-012024-04-30030703061ns10:Director12022-05-012023-04-30030703061ns10:Director12024-04-30030703061ns10:Director12023-04-30
REGISTERED NUMBER: 03070306 (England and Wales)









Unaudited Financial Statements

for the Year Ended 30 April 2024

for

PLANTATION SHUTTERS LIMITED

PLANTATION SHUTTERS LIMITED (REGISTERED NUMBER: 03070306)

Contents of the Financial Statements
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PLANTATION SHUTTERS LIMITED

Company Information
FOR THE YEAR ENDED 30 APRIL 2024







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
3 Southernhay West
Exeter
Devon
EX1 1JG

PLANTATION SHUTTERS LIMITED (REGISTERED NUMBER: 03070306)

Balance Sheet
30 APRIL 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 25,364 -
Tangible assets 5 140,544 158,238
165,908 158,238

CURRENT ASSETS
Stocks 62,841 39,428
Debtors 6 1,675,157 450,676
Cash at bank and in hand 1,732,067 2,927,203
3,470,065 3,417,307
CREDITORS
Amounts falling due within one year 7 (948,232 ) (1,082,095 )
NET CURRENT ASSETS 2,521,833 2,335,212
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,687,741

2,493,450

PROVISIONS FOR LIABILITIES (28,660 ) (29,339 )
NET ASSETS 2,659,081 2,464,111

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 2,659,079 2,464,109
2,659,081 2,464,111

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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 2024


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 30 August 2024 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 2024


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.

Website is being amortised evenly over its estimated useful life of five years.

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 - 10% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on 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 2024


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 21 (2023 - 22 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill Website Totals
£    £    £   
COST
At 1 May 2023 2,000,000 - 2,000,000
Additions - 28,340 28,340
At 30 April 2024 2,000,000 28,340 2,028,340
AMORTISATION
At 1 May 2023 2,000,000 - 2,000,000
Amortisation for year - 2,976 2,976
At 30 April 2024 2,000,000 2,976 2,002,976
NET BOOK VALUE
At 30 April 2024 - 25,364 25,364
At 30 April 2023 - - -

PLANTATION SHUTTERS LIMITED (REGISTERED NUMBER: 03070306)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2024


5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 May 2023 - 11,870 39,942
Additions 15,084 554 -
At 30 April 2024 15,084 12,424 39,942
DEPRECIATION
At 1 May 2023 - 554 12,942
Charge for year 971 398 6,750
At 30 April 2024 971 952 19,692
NET BOOK VALUE
At 30 April 2024 14,113 11,472 20,250
At 30 April 2023 - 11,316 27,000

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 May 2023 236,603 18,170 306,585
Additions - 5,687 21,325
At 30 April 2024 236,603 23,857 327,910
DEPRECIATION
At 1 May 2023 123,312 11,539 148,347
Charge for year 28,323 2,577 39,019
At 30 April 2024 151,635 14,116 187,366
NET BOOK VALUE
At 30 April 2024 84,968 9,741 140,544
At 30 April 2023 113,291 6,631 158,238

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Directors' current accounts 1,174,369 -
VAT 30,940 -
Prepayments and accrued income 469,848 450,676
1,675,157 450,676

PLANTATION SHUTTERS LIMITED (REGISTERED NUMBER: 03070306)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 94,816 124,424
Tax 92,897 139,742
Social security and other taxes 22,082 24,546
VAT - 2,534
Deferred Income 668,026 713,666
Other creditors 53,483 53,483
Accrued expenses 16,928 23,700
948,232 1,082,095

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
RCG James
Balance outstanding at start of year - (244 )
Amounts advanced 1,194,369 244
Amounts repaid (20,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,174,369 -

Interest has been charged at the official rate.