Plant Propagators Limited 03127365 false 2023-07-01 2024-06-30 2024-06-30 The principal activity of the company is development work in connection with plant growing industry and principally in relation to Assured Plant Propagation Digita Accounts Production Advanced 6.30.9574.0 true 03127365 2023-07-01 2024-06-30 03127365 2024-06-30 03127365 core:FinancialAssetsCostLessImpairment 2024-06-30 03127365 core:CurrentFinancialInstruments 2024-06-30 03127365 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 03127365 bus:SmallEntities 2023-07-01 2024-06-30 03127365 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 03127365 bus:FilletedAccounts 2023-07-01 2024-06-30 03127365 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 03127365 bus:RegisteredOffice 2023-07-01 2024-06-30 03127365 bus:CompanySecretary1 2023-07-01 2024-06-30 03127365 bus:Director12 2023-07-01 2024-06-30 03127365 bus:Director2 2023-07-01 2024-06-30 03127365 bus:Director4 2023-07-01 2024-06-30 03127365 bus:Director5 2023-07-01 2024-06-30 03127365 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 03127365 countries:EnglandWales 2023-07-01 2024-06-30 03127365 2022-07-01 2023-06-30 03127365 2023-06-30 03127365 core:CurrentFinancialInstruments 2023-06-30 03127365 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 iso4217:GBP xbrli:pure

Registration number: 03127365

Plant Propagators Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2024

 

Plant Propagators Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 5

 

Plant Propagators Limited

Company Information

Directors

T M Gabbie

A J Bean

J C Hosking

J C R Woods

Company secretary

L Eagles

Registered office

BGA House
Nottingham Road
Louth
Lincolnshire
LN11 0WB

 

Plant Propagators Limited

(Registration number: 03127365)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Other financial assets

4

2

1

Current assets

 

Debtors

5

3,560

3,226

Cash at bank and in hand

 

9,591

8,105

 

13,151

11,331

Creditors: Amounts falling due within one year

6

(1,907)

(5,846)

Net current assets

 

11,244

5,485

Net assets

 

11,246

5,486

Capital and reserves

 

Retained earnings

11,246

5,486

Shareholders' funds

 

11,246

5,486

For the financial year ending 30 June 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 24 March 2025 and signed on its behalf by:
 

.........................................
T M Gabbie
Director

.........................................
A J Bean
Director

.........................................
J C Hosking
Director

 

Plant Propagators Limited

(Registration number: 03127365)
Balance Sheet as at 30 June 2024

.........................................
J C R Woods
Director

 

Plant Propagators Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

The company is a private company limited by guarantee incorporated in England and Wales and the company registration number is 03127365.

These financial statements cover the individual entity, Plant Propagators Limited.

The address of its registered office is:
BGA House
Nottingham Road
Louth
Lincolnshire
LN11 0WB

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements were prepared in accordance with Financial Reporting Standard 102 including Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Tax

The company trades as a mutual society and accordingly no corporation tax is chargeable on its excess of income over expenditure arising from its activities with members. Corporation tax chargeable on other income of the company at rates current during the period of the accounts.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised at the transaction price less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Plant Propagators Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

3

Staff numbers

The average number of persons employed by the Company during the year, was 0 (2023 - 0).

4

Other financial assets (current and non-current)

Other investments
£

Total
£

Non-current financial assets

Cost or valuation

At 1 July 2023

1

1

Additions

1

1

At 30 June 2024

2

2

Carrying amount

At 30 June 2024

2

2

5

Debtors

Current

2024
£

2023
£

Trade debtors

646

228

Prepayments and accrued income

1,631

435

Other debtors

1,283

2,563

 

3,560

3,226

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

717

3,611

Accruals and deferred income

1,190

2,235

1,907

5,846