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REGISTERED NUMBER: 01857884 (England and Wales)
















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

ADDPLANT LIMITED

ADDPLANT LIMITED (REGISTERED NUMBER: 01857884)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ADDPLANT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTOR: C E Barrett





SECRETARY: Mrs W M Conquest





REGISTERED OFFICE: Grovehill
Beverley
East Yorkshire
HU17 0JN





REGISTERED NUMBER: 01857884 (England and Wales)





ACCOUNTANTS: Banks Cooper Associates Limited
21 Marina Court
Castle Street
Hull
HU1 1TJ

ADDPLANT LIMITED (REGISTERED NUMBER: 01857884)

BALANCE SHEET
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,358,147 2,462,756
Investments 6 307,508 50,259
Investment property 7 149,288 149,288
2,814,943 2,662,303

CURRENT ASSETS
Stocks 12,743 10,980
Debtors 8 4,026,270 3,105,809
Cash at bank and in hand 1,631,425 1,395,954
5,670,438 4,512,743
CREDITORS
Amounts falling due within one year 9 2,170,425 1,385,073
NET CURRENT ASSETS 3,500,013 3,127,670
TOTAL ASSETS LESS CURRENT LIABILITIES 6,314,956 5,789,973

PROVISIONS FOR LIABILITIES 547,229 673,993
NET ASSETS 5,767,727 5,115,980

CAPITAL AND RESERVES
Called up share capital 375,000 375,000
Share premium 76,000 76,000
Retained earnings 5,316,727 4,664,980
5,767,727 5,115,980

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

ADDPLANT LIMITED (REGISTERED NUMBER: 01857884)

BALANCE SHEET - continued
31 DECEMBER 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 director and authorised for issue on 22 May 2025 and were signed by:





C E Barrett - Director


ADDPLANT LIMITED (REGISTERED NUMBER: 01857884)

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


1. STATUTORY INFORMATION

Addplant Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill represents amounts paid in connection with business acquisitions and is amortised over 1 year.

Other investments
Other investments are carried at cost.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 10% - 33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.


ADDPLANT LIMITED (REGISTERED NUMBER: 01857884)

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


2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension 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 year was 33 (2023 - 33 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 92,450
AMORTISATION
At 1 January 2024
and 31 December 2024 92,450
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

ADDPLANT LIMITED (REGISTERED NUMBER: 01857884)

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


5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2024 314,092 6,788,401 7,102,493
Additions - 884,715 884,715
Disposals (63,855 ) (507,175 ) (571,030 )
At 31 December 2024 250,237 7,165,941 7,416,178
DEPRECIATION
At 1 January 2024 81,500 4,558,237 4,639,737
Charge for year 3,300 852,798 856,098
Eliminated on disposal - (437,804 ) (437,804 )
At 31 December 2024 84,800 4,973,231 5,058,031
NET BOOK VALUE
At 31 December 2024 165,437 2,192,710 2,358,147
At 31 December 2023 232,592 2,230,164 2,462,756

Included in cost of land and buildings is freehold land of £ 149,091 (2023 - £ 149,091 ) which is not depreciated.

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2024 50,259
Additions 307,504
Disposals (50,255 )
At 31 December 2024 307,508
NET BOOK VALUE
At 31 December 2024 307,508
At 31 December 2023 50,259

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024
and 31 December 2024 149,288
NET BOOK VALUE
At 31 December 2024 149,288
At 31 December 2023 149,288

ADDPLANT LIMITED (REGISTERED NUMBER: 01857884)

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


8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 756,385 696,358
Amounts owed by group undertakings 3,154,418 -
Other debtors 115,467 2,409,451
4,026,270 3,105,809

Included in other debtors are amounts owing from the director of £22,451 (2023: owing from director and former directors £63,280).

Amounts owed by group undertakings of £3,154,418 is a loan due from Addplant Group Limited, the company's ultimate parent company. (2023: £2.263m included in other debtors).

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 406,667 290,625
Amounts owed to group undertakings 1,056,270 556,120
Taxation and social security 495,016 372,666
Other creditors 212,472 165,662
2,170,425 1,385,073

Amounts owed to group undertakings of £1,056,270 is a loan due to Addplant Holdings Limited, the company's parent company.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24 31.12.23
£    £   
C E Barrett
Balance outstanding at start of year 4,772 (27,224 )
Amounts advanced 91,702 117,541
Amounts repaid (74,023 ) (85,545 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 22,451 4,772

The loan is interest free and repayable on demand.

11. ULTIMATE CONTROLLING PARTY

The controlling party is Addplant Holdings Limited.

The ultimate controlling party is Addplant Group Limited.

On 12 January 2024, Addplant Group Limited became the company's ultimate parent company.