SUPERPLANTS LIMITED

Company Registration Number:
03148456 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

SUPERPLANTS LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Notes

SUPERPLANTS LIMITED

Balance sheet

As at 31 March 2024


Notes

2024

2023


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets: 3 12,000 12,000
Tangible assets: 4 193,702 161,890
Total fixed assets: 205,702 173,890
Current assets
Stocks: 49,350 57,500
Debtors:   198,822 195,228
Cash at bank and in hand: 1,279,929 951,198
Investments:   105 105
Total current assets: 1,528,206 1,204,031
Creditors: amounts falling due within one year:   (569,131) (491,077)
Net current assets (liabilities): 959,075 712,954
Total assets less current liabilities: 1,164,777 886,844
Creditors: amounts falling due after more than one year:   (104,167) (154,167)
Provision for liabilities: (48,527) (29,785)
Total net assets (liabilities): 1,012,083 702,892
Capital and reserves
Called up share capital: 37,000 37,000
Profit and loss account: 975,083 665,892
Shareholders funds: 1,012,083 702,892

The notes form part of these financial statements

SUPERPLANTS LIMITED

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 26 July 2024
and signed on behalf of the board by:

Name: P Taylor
Status: Director

The notes form part of these financial statements

SUPERPLANTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

SUPERPLANTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

2. Employees

2024 2023
Average number of employees during the period 34 35

SUPERPLANTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Intangible Assets

Total
Cost £
At 01 April 2023 12,000
At 31 March 2024 12,000
Net book value
At 31 March 2024 12,000
At 31 March 2023 12,000

SUPERPLANTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Tangible Assets

Total
Cost £
At 01 April 2023 448,229
Additions 99,902
Disposals (37,252)
At 31 March 2024 510,879
Depreciation
At 01 April 2023 286,339
Charge for year 64,567
On disposals (33,729)
At 31 March 2024 317,177
Net book value
At 31 March 2024 193,702
At 31 March 2023 161,890

SUPERPLANTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Post balance sheet events

A management buyout was completed in early June 2024 with two senior managers becoming new shareholders and paid directors through a new alternate parent company Superplants Holdings Limited. As part of the sale the company paid a special dividend to the holding company which was in turn distributed to the outgoing directors. The result of this was a substantial reduction in cash reserves.