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REGISTERED NUMBER: 13503518 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

PLANTS OF CORNWALL LTD

PLANTS OF CORNWALL LTD (REGISTERED NUMBER: 13503518)






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


PLANTS OF CORNWALL LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: E D Plant
C J Plant





REGISTERED OFFICE: Tolgarrick Farm
Coombe
St Austell
Cornwall
PL26 7LR





REGISTERED NUMBER: 13503518 (England and Wales)





ACCOUNTANTS: TC Group
The Old Carriage Works
Moresk Road
Truro
Cornwall
TR1 1DG

PLANTS OF CORNWALL LTD (REGISTERED NUMBER: 13503518)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,433 950

CURRENT ASSETS
Stocks 1,574 3,156
Debtors 5 2,705 1,554
Cash at bank 3,395 912
7,674 5,622
CREDITORS
Amounts falling due within one year 6 21,011 17,218
NET CURRENT LIABILITIES (13,337 ) (11,596 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(11,904

)

(10,646

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (12,004 ) (10,746 )
(11,904 ) (10,646 )

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

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

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 3 December 2024 and were signed on its behalf by:





C J Plant - Director


PLANTS OF CORNWALL LTD (REGISTERED NUMBER: 13503518)

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

1. STATUTORY INFORMATION

Plants Of Cornwall Ltd 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.

At the Balance Sheet date the company had net liabilities and is reliant on the continued support of its Directors. The Directors consider the Going Concern basis of preparation to be appropriate.

The financial statements show net liabilities of £11,904. Due to the support of the Directors', their opinion is that the company is a going concern, and able ot meet its obligations for the foreseeable future.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised to turnover upon despatch of goods to customer.

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.

Development costs are being amortised evenly over their estimated useful life of nil years.

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.

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.

3. EMPLOYEES AND DIRECTORS

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

PLANTS OF CORNWALL LTD (REGISTERED NUMBER: 13503518)

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2023 1,418
Additions 1,419
At 31 March 2024 2,837
AMORTISATION
At 1 April 2023 468
Charge for year 936
At 31 March 2024 1,404
NET BOOK VALUE
At 31 March 2024 1,433
At 31 March 2023 950

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,014 1,132
Other debtors 691 422
2,705 1,554

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 5,430 6,637
Other creditors 15,581 10,581
21,011 17,218

7. RELATED PARTY DISCLOSURES

At the Year End, the Company owed £5,429 (2023: £5,056) to a company owned by the directors & was owed £1,938 (2023: £1,122 by a company owned by the Directors. Mr C and Mrs E Plant. The Directors consider the transactions to be at arms length.

At 31 March 2024, the company owed the Directors £14,907 (2023: £9,907). The loan is free of interest and repayable on demand.

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr C Plant and Mrs E Plant, by virtue of their joint shareholding.