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Registered number: 12891826
Plantex Group Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
TreyBridge Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 12891826
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 5,981 16,533
Tangible Assets 5 133,266 176,048
139,247 192,581
CURRENT ASSETS
Stocks 6 305,048 211,453
Debtors 7 120,177 172,537
Cash at bank and in hand 2,781 2,545
428,006 386,535
Creditors: Amounts Falling Due Within One Year 8 (346,756 ) (286,390 )
NET CURRENT ASSETS (LIABILITIES) 81,250 100,145
TOTAL ASSETS LESS CURRENT LIABILITIES 220,497 292,726
Creditors: Amounts Falling Due After More Than One Year 9 (54,170 ) (175,501 )
NET ASSETS 166,327 117,225
CAPITAL AND RESERVES
Called up share capital 11 150,200 150,200
Profit and Loss Account 16,127 (32,975 )
SHAREHOLDERS' FUNDS 166,327 117,225
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For the year ending 31 December 2024 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Ewan Worsley
Director
24/03/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Plantex Group Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12891826 . The registered office is Howletts Barn, Woolton Farm, Bekesbourne Lane, Canterbury, Kent, CT4 5EJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a 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.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 5 years.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are Website. It is amortised to profit and loss account over its estimated economic life of 5 years.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% reducing balance method
Motor Vehicles 25% reducing balance method
Fixtures & Fittings 20% reducing balance method
Computer Equipment 20% reducing balance method
2.6. Leasing and Hire Purchase Contracts
Assets obtained under 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 risks 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 risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.7. 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 by contract basis by recording turnover and related costs as contract activity progresses.
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2.8. Foreign Currencies
Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.9. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.10. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 5)
6 5
4. Intangible Assets
Goodwill Other Total
£ £ £
Cost
As at 1 January 2024 28,662 6,024 34,686
As at 31 December 2024 28,662 6,024 34,686
Amortisation
As at 1 January 2024 18,153 - 18,153
Provided during the period 5,732 4,820 10,552
As at 31 December 2024 23,885 4,820 28,705
Net Book Value
As at 31 December 2024 4,777 1,204 5,981
As at 1 January 2024 10,509 6,024 16,533
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5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2024 79,922 194,248 3,214 4,498 281,882
Additions 7,235 29,382 - 2,713 39,330
Disposals (19,989 ) (37,495 ) - - (57,484 )
As at 31 December 2024 67,168 186,135 3,214 7,211 263,728
Depreciation
As at 1 January 2024 29,733 73,998 766 1,337 105,834
Provided during the period 9,576 34,424 490 998 45,488
Disposals (7,081 ) (13,779 ) - - (20,860 )
As at 31 December 2024 32,228 94,643 1,256 2,335 130,462
Net Book Value
As at 31 December 2024 34,940 91,492 1,958 4,876 133,266
As at 1 January 2024 50,189 120,250 2,448 3,161 176,048
6. Stocks
2024 2023
£ £
Finished goods 305,048 211,453
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 28,917 116,542
Prepayments and accrued income 15,538 9,194
Other debtors - 2,640
Deposit account (1,232 ) -
Directors' loan accounts 76,954 44,161
120,177 172,537
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 39,951 -
Trade creditors 122,124 104,241
Bank loans and overdrafts 68,780 38,159
Corporation tax 2,392 -
Other taxes and social security 5,562 5,095
VAT 16,842 43,055
Pension payable 690 -
...CONTINUED
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HSBC Credit Card 30,915 840
Dividend payable - Robert Saunderson 27,000 30,000
Other loan - W A Groombridge & Sons 32,500 65,000
346,756 286,390
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 44,374 146,113
Bank loans 9,796 29,388
54,170 175,501
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 39,951 -
Later than one year and not later than five years 44,374 146,113
84,325 146,113
84,325 146,113
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 150,200 150,200
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