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REGISTERED NUMBER: 09955819 (England and Wales)















PLUMSTONE TRADING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024






PLUMSTONE TRADING LIMITED (REGISTERED NUMBER: 09955819)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


PLUMSTONE TRADING LIMITED (REGISTERED NUMBER: 09955819)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 330,754 490,368

CURRENT ASSETS
Stocks 5 269,846 343,498
Debtors 6 755,663 269,703
Cash at bank and in hand 360,157 169,886
1,385,666 783,087
CREDITORS
Amounts falling due within one year 7 1,135,357 318,595
NET CURRENT ASSETS 250,309 464,492
TOTAL ASSETS LESS CURRENT
LIABILITIES

581,063

954,860

CREDITORS
Amounts falling due after more than one
year

8

366,960

543,510
NET ASSETS 214,103 411,350

CAPITAL AND RESERVES
Called up share capital 20 20
Retained earnings 214,083 411,330
SHAREHOLDERS' FUNDS 214,103 411,350

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

PLUMSTONE TRADING LIMITED (REGISTERED NUMBER: 09955819)

BALANCE SHEET - continued
31 JANUARY 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 24 October 2024 and were signed on its behalf by:





T G Goddard - Director


PLUMSTONE TRADING LIMITED (REGISTERED NUMBER: 09955819)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Plumstone Trading Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 09955819

Registered office: The Causeway
Camrose
Haverfordwest
Pembrokeshire
SA62 6HG

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, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of the contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - not provided
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on cost
Office equipment - 20% on cost

Stocks and work in progress
Stocks and Work in Progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work in Progress is reflected in the accounts on a contract basis by recording turnover and related costs as contract activity progresses.

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.


PLUMSTONE TRADING LIMITED (REGISTERED NUMBER: 09955819)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 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.

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.

Hire purchase and leasing contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets.

Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. assets acquired under hire purchase contracts are depreciated over their useful lives.

Finance leases are those where substantially all of the benefits and riske of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risk of ownership remain with the lessor are charged to profit and loss account as incurred

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme via NEST. Contributions payable to the NESTpension 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 15 (2023 - 17 ) .

PLUMSTONE TRADING LIMITED (REGISTERED NUMBER: 09955819)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 February 2023 66,186 1,325,540 11,405
Additions - 108,921 -
Disposals (66,186 ) (468,278 ) -
At 31 January 2024 - 966,183 11,405
DEPRECIATION
At 1 February 2023 - 940,964 10,632
Charge for year - 140,378 756
Eliminated on disposal - (413,350 ) -
At 31 January 2024 - 667,992 11,388
NET BOOK VALUE
At 31 January 2024 - 298,191 17
At 31 January 2023 66,186 384,576 773

Motor Office
vehicles equipment Totals
£    £    £   
COST
At 1 February 2023 123,493 26,633 1,553,257
Additions 28,263 - 137,184
Disposals (53,208 ) - (587,672 )
At 31 January 2024 98,548 26,633 1,102,769
DEPRECIATION
At 1 February 2023 99,106 12,187 1,062,889
Charge for year 5,405 4,758 151,297
Eliminated on disposal (28,821 ) - (442,171 )
At 31 January 2024 75,690 16,945 772,015
NET BOOK VALUE
At 31 January 2024 22,858 9,688 330,754
At 31 January 2023 24,387 14,446 490,368

PLUMSTONE TRADING LIMITED (REGISTERED NUMBER: 09955819)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 February 2023 905,750 54,070 959,820
Additions 24,300 - 24,300
At 31 January 2024 930,050 54,070 984,120
DEPRECIATION
At 1 February 2023 531,524 60,266 591,790
Charge for year 82,396 6,196 88,592
At 31 January 2024 613,920 66,462 680,382
NET BOOK VALUE
At 31 January 2024 316,130 (12,392 ) 303,738
At 31 January 2023 374,226 (6,196 ) 368,030

5. STOCKS
2024 2023
£    £   
Stocks 269,846 343,498

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,841 24,712
Other debtors 381,817 239,454
Fire insurance monies due 357,095 -
Directors' current accounts 3,726 -
VAT - 5,537
Prepayments 8,184 -
755,663 269,703

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 119,024 136,703
Deferred Income 740,160 -
Trade creditors 152,756 97,450
Tax (27,813 ) (27,813 )
Social security and other taxes 9,387 11,741
VAT 24,393 -
Directors' current accounts - 46,126
Sales deposits in advance 15,500 -
Accrued expenses 71,448 35,414
Deferred government grants 30,502 18,974
1,135,357 318,595

PLUMSTONE TRADING LIMITED (REGISTERED NUMBER: 09955819)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 9) 274,308 368,752
Hire purchase contracts 92,652 174,758
366,960 543,510

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due between one and two years:
Bank loans - 1-2 years 130,085 130,085

Amounts falling due between two and five years:
Bank loans - 2-5 years 144,223 238,667

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 274,308 368,752

A loan was obtained from the Development Bank of Wales amounting to £250,000 in May 2020.
A debenture was taken out as security for this loan by DBW investments (10) Limited and the charge registered with the Registrar of Companies.

11. RELATED PARTY DISCLOSURES

The company is under the control of the directors who hold 100% of the issued share capital.