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REGISTERED NUMBER: 02981416 (England and Wales)




























Financial Statements

for the Year Ended 31 March 2024

for

Planters Clayton Limited

Planters Clayton Limited (Registered number: 02981416)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Planters Clayton Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr Carl Damian Greenhalgh



SECRETARY: Mrs Patricia Ann Greenhalgh



REGISTERED OFFICE: 1st Floor, Unit C, Lostock Office Park
Lynstock Way
Lostock
Bolton
Lancashire
BL6 4SG



REGISTERED NUMBER: 02981416 (England and Wales)



AUDITORS: DonnellyBentley Limited
Chartered Accountants
Statutory Auditor
Hazlemere
70 Chorley New Road
Bolton
Lancashire
BL1 4BY



BANKERS: Royal Bank of Scotland plc
1 Hardman Boulevard
Manchester
M3 3AQ



SOLICITORS: Fieldings Porter
Silverwell House
Silverwell Street
Bolton
BL1 1PT

Planters Clayton Limited (Registered number: 02981416)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 23,411 29,257

CURRENT ASSETS
Stocks 5 191,991 234,624
Debtors 6 451,043 1,998,637
Cash at bank and in hand 1,731,944 433,138
2,374,978 2,666,399
CREDITORS
Amounts falling due within one year 7 230,424 453,745
NET CURRENT ASSETS 2,144,554 2,212,654
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,167,965

2,241,911

CAPITAL AND RESERVES
Called up share capital 10 200 200
Capital redemption reserve 800 800
Retained earnings 2,166,965 2,240,911
SHAREHOLDERS' FUNDS 2,167,965 2,241,911

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 November 2024 and were signed by:





Mr Carl Damian Greenhalgh - Director


Planters Clayton Limited (Registered number: 02981416)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Planters Clayton 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 net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Sale of parts

Turnover from the sale of parts is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods.

Long term contracts

When the outcome of a machine contract can be estimated reliably, contract costs and turnover are recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to costs incurred.

Where the outcome cannot be measured reliably, contract costs are recognised as an expense in the period in which they are incurred and contract turnover is recognised to the extent of costs incurred that it is probable will be recoverable.

When it is probable that contract costs will exceed the total contract turnover, the expected loss is recognised as an expense immediately, with a corresponding provision.

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 - Over the respective lease agreement
Plant and machinery - 20% on reducing balance
Office equipment - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Tangible fixed assets are included at cost less depreciation and impairment.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Planters Clayton Limited (Registered number: 02981416)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Debtors and creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recorded in the profit and loss account.

Cash and cash equivalents

Cash and cash equivalents comprise cash balances in hand and at bank.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

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.

Leasing
Tangible fixed assets acquired under finance leases or hire purchase contracts are capitalised and depreciated in the same manner as other tangible fixed assets. The related obligations, net of future finance charges, are included in creditors.

Rentals payable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

Planters Clayton Limited (Registered number: 02981416)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Office Motor
property machinery equipment vehicles Totals
£    £    £    £    £   
COST
At 1 April 2023 1,625 11,669 37,984 67,097 118,375
Additions - - 1,250 - 1,250
At 31 March 2024 1,625 11,669 39,234 67,097 119,625
DEPRECIATION
At 1 April 2023 1,625 9,712 30,580 47,201 89,118
Charge for year - 391 1,731 4,974 7,096
At 31 March 2024 1,625 10,103 32,311 52,175 96,214
NET BOOK VALUE
At 31 March 2024 - 1,566 6,923 14,922 23,411
At 31 March 2023 - 1,957 7,404 19,896 29,257

5. STOCKS
2024 2023
£    £   
Stocks 191,991 234,624

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 92,698 62,722
Amounts recoverable on
contracts - 1,508,115
Other debtors 260 4,330
Directors' current accounts 224,525 244,450
Tax 79,306 88,546
VAT 27,996 66,062
Deferred tax asset 14,965 15,022
Prepayments and accrued income 11,293 9,390
451,043 1,998,637

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 136,370 282,241
Tax 13,243 45,494
Social security and other taxes 4,248 4,124
Accrued expenses 76,563 121,886
230,424 453,745

Planters Clayton Limited (Registered number: 02981416)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 14,800 15,452
Between one and five years 50,567 59,200
In more than five years - 6,167
65,367 80,819

9. DEFERRED TAX
£   
Balance at 1 April 2023 (15,022 )
Provided during year 57
Balance at 31 March 2024 (14,965 )

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
200 Ordinary £1 200 200

11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Catherine Cole FCA (Senior Statutory Auditor)
for and on behalf of DonnellyBentley Limited

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Mr Carl Damian Greenhalgh
Balance outstanding at start of year 244,450 249,450
Amounts advanced 75 -
Amounts repaid (20,000 ) (5,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 224,525 244,450

The director's loan account is interest-free and is repayable on demand.