1 September 2023 v2025.31.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP093708372023-09-012024-08-31093708372024-08-31093708372023-08-3109370837core:WithinOneYear2024-08-3109370837core:WithinOneYear2023-08-3109370837core:ShareCapital2024-08-3109370837core:ShareCapital2023-08-3109370837core:RetainedEarningsAccumulatedLosses2024-08-3109370837core:RetainedEarningsAccumulatedLosses2023-08-3109370837bus:Director12023-09-012024-08-3109370837bus:Director22023-09-012024-08-3109370837bus:RegisteredOffice2023-09-012024-08-3109370837core:NetGoodwill2023-09-012024-08-3109370837core:LandBuildings2023-09-012024-08-3109370837core:OfficeEquipment2023-09-012024-08-3109370837core:MotorVehicles2023-09-012024-08-31093708372022-09-012023-08-3109370837core:NetGoodwill2024-08-3109370837core:PlantMachinery2023-09-0109370837core:PlantMachinery2023-09-012024-08-3109370837core:PlantMachinery2024-08-3109370837core:PlantMachinery2023-08-310937083712023-09-012024-08-3109370837countries:EnglandWales2023-09-012024-08-3109370837bus:AuditExemptWithAccountantsReport2023-09-012024-08-3109370837bus:PrivateLimitedCompanyLtd2023-09-012024-08-3109370837bus:SmallEntities2023-09-012024-08-3109370837bus:FullAccounts2023-09-012024-08-31
Company registration number:
09370837
Plumtree School Limited
Unaudited Filleted Financial Statements for the year ended
31 August 2024
West Bridgford Accountancy Limited
Chartered Accountants
43 Edward Road, West Bridgford, Nottingham, Nottinghamshire, NG2 5GE, United Kingdom
Plumtree School Limited
Statement of Financial Position
31 August 2024
20242023
Note££
Fixed assets    
Tangible assets 6
119,603
 
123,316
 
Current assets    
Stocks -  
4,000
 
Debtors 7
4,574
 
6,396
 
Cash at bank and in hand
403,459
 
103,220
 
408,033
 
113,616
 
Creditors: amounts falling due within one year 8
(421,982
)
(149,554
)
Net current liabilities
(13,949
)
(35,938
)
Total assets less current liabilities 105,654   87,378  
Provisions for liabilities
(1,800
)
(1,268
)
Net assets
103,854
 
86,110
 
Capital and reserves    
Called up share capital
104
 
104
 
Profit and loss account
103,750
 
86,006
 
Shareholders funds
103,854
 
86,110
 
For the year ending
31 August 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 financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
27 May 2025
, and are signed on behalf of the board by:
P Simpson
L Simpson
DirectorDirector
Company registration number:
09370837
Plumtree School Limited
Notes to the Financial Statements
Year ended
31 August 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Plumtree School Church Hill
,
Plumtree
,
Nottingham
, ,
NG12 5ND
, England.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland' (as applied to small entities by section 1A of the standard), and with the Companies Act 2006.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Going concern

Management have considered the trading conditions, and it has determined that they do not create a material uncertainty that cast significant doubt upon the entity's ability to continue as a going concern. Accordingly they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.

Current tax

Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profits 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 in respect of all 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. 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.
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.
Current and deferred tax asses and liabilities are not discounted.

Goodwill

Purchased goodwill arises on business acquisitions and represents the difference between the cost of acquisition and the fair values of the identifiable assets and liabilities acquired.
Goodwill is initially recorded at cost, and is subsequently stated at cost less any accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over the useful economic life of the asset. Where a reliable estimate of the useful life of goodwill cannot be made, the life is presumed not to exceed five years.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Land and buildings
Straight line over 25 years
Office equipment
Straight line over 3 years
Motor vehicles
15% reducing balance

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.
All financial assets and liabilities are initially measured at transaction price and subsequently measured at amortised costs.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

Provisions for liabilities

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

Operating leases

A lease is classified as an operating lease if it does not transfer substantially all the risks and rewards incidental to ownership. Lease payments are recognised as an expense over the lease term on a straight-line basis.

4 Average number of employees

The average number of persons employed by the company during the year was
19
(2023:
19.00
).

5 Intangible assets

Goodwill
£
Cost  
At
1 September 2023
and
31 August 2024
82,721
 
Amortisation  
At
1 September 2023
and
31 August 2024
82,721
 
Carrying amount  
At
31 August 2024
-  
At 31 August 2023 -  

6 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 September 2023
220,009
 
Additions
9,044
 
At
31 August 2024
229,053
 
Depreciation  
At
1 September 2023
96,693
 
Charge
12,757
 
At
31 August 2024
109,450
 
Carrying amount  
At
31 August 2024
119,603
 
At 31 August 2023
123,316
 

7 Debtors

20242023
££
Other debtors
4,574
 
6,396
 

8 Creditors: amounts falling due within one year

20242023
££
Trade creditors
10,513
 
3,336
 
Taxation and social security
16,081
 
2,886
 
Other creditors
395,388
 
143,332
 
421,982
 
149,554
 

9 Directors' advances, credit and guarantees

During the year the company operated loan accounts with each of the directors. The total amount advanced during the year amounted to £60,053 (2023: £61,059) and the total amount repaid was £8,624 (2023: £61,862). At 31 August 2024, the balance on the loan accounts were £11,916 (2023: £65,961) and included in other creditors and £nil (2023: £2,616) included in other debtors. These amounts are stated in aggregate.

10 Controlling party

The company is equally controlled by the directors by virtue of their equal shareholding.