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REGISTERED NUMBER: 09955819 (England and Wales)















PLUMSTONE TRADING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 FEBRUARY 2024 TO 31 MARCH 2024






PLUMSTONE TRADING LIMITED (REGISTERED NUMBER: 09955819)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 FEBRUARY 2024 TO 31 MARCH 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


PLUMSTONE TRADING LIMITED (REGISTERED NUMBER: 09955819)

BALANCE SHEET
31 MARCH 2024

2024 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 331,922 330,755

CURRENT ASSETS
Stocks 5 288,593 269,846
Debtors 6 755,800 755,663
Cash at bank and in hand 493,728 360,157
1,538,121 1,385,666
CREDITORS
Amounts falling due within one year 7 1,182,224 1,135,357
NET CURRENT ASSETS 355,897 250,309
TOTAL ASSETS LESS CURRENT
LIABILITIES

687,819

581,064

CREDITORS
Amounts falling due after more than one
year

8

339,940

366,960
NET ASSETS 347,879 214,104

CAPITAL AND RESERVES
Called up share capital 20 20
Retained earnings 347,859 214,084
SHAREHOLDERS' FUNDS 347,879 214,104

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 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 MARCH 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 22 November 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 PERIOD 1 FEBRUARY 2024 TO 31 MARCH 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.
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 period comprises current 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 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.

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.

PLUMSTONE TRADING LIMITED (REGISTERED NUMBER: 09955819)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 FEBRUARY 2024 TO 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

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 period was 15 (2024 - 15 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Office
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2024 966,184 11,405 98,548 26,633 1,102,770
Additions 108,954 - - 565 109,519
Disposals (238,402 ) - - - (238,402 )
At 31 March 2024 836,736 11,405 98,548 27,198 973,887
DEPRECIATION
At 1 February 2024 667,992 11,388 75,690 16,945 772,015
Charge for period 19,126 17 901 814 20,858
Eliminated on disposal (150,908 ) - - - (150,908 )
At 31 March 2024 536,210 11,405 76,591 17,759 641,965
NET BOOK VALUE
At 31 March 2024 300,526 - 21,957 9,439 331,922
At 31 January 2024 298,192 17 22,858 9,688 330,755

PLUMSTONE TRADING LIMITED (REGISTERED NUMBER: 09955819)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 FEBRUARY 2024 TO 31 MARCH 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 2024 465,025 54,059 519,084
Transfer to ownership (237,617 ) (27,035 ) (264,652 )
At 31 March 2024 227,408 27,024 254,432
DEPRECIATION
At 1 February 2024 306,960 32,440 339,400
Charge for period 7,580 901 8,481
Transfer to ownership (150,437 ) (27,035 ) (177,472 )
At 31 March 2024 164,103 6,306 170,409
NET BOOK VALUE
At 31 March 2024 63,305 20,718 84,023
At 31 January 2024 158,065 21,619 179,684

5. STOCKS
2024 2024
£    £   
Stocks 288,593 269,846

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2024
£    £   
Trade debtors 184,901 4,841
Other debtors 348,672 381,817
Fire insurance monies due 207,095 357,095
Directors' current accounts 8,974 3,726
Prepayments 6,158 8,184
755,800 755,663

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2024
£    £   
Hire purchase contracts 114,145 119,024
Deferred Income 740,160 740,160
Trade creditors 162,753 152,756
Tax (27,656 ) (27,813 )
Social security and other taxes 9,771 9,387
VAT 46,337 24,393
Sales deposits in advance - 15,500
Accrued expenses 80,268 71,448
Deferred government grants 56,446 30,502
1,182,224 1,135,357

PLUMSTONE TRADING LIMITED (REGISTERED NUMBER: 09955819)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 FEBRUARY 2024 TO 31 MARCH 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2024
£    £   
Bank loans (see note 9) 260,549 274,308
Hire purchase contracts 79,391 92,652
339,940 366,960

9. LOANS

An analysis of the maturity of loans is given below:

2024 2024
£    £   
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 130,464 144,223

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2024
£    £   
Bank loans 260,549 274,308

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.