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REGISTERED NUMBER: 11896030 (England and Wales)








Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Plum-Mex Limited

Plum-Mex Limited (Registered number: 11896030)

Contents of the Financial Statements
for the Year Ended 31 March 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Plum-Mex Limited

Company Information
for the Year Ended 31 March 2025







DIRECTORS: Mrs N Martinez
B Martinez





REGISTERED OFFICE: Unit 12 Mill Lane
Crondall
Farnham
United Kingdom
GU10 5RX





REGISTERED NUMBER: 11896030 (England and Wales)





ACCOUNTANTS: Lane Monnington Welton
Chartered Accountants
Riverside View
Basing Road
Old Basing
Basingstoke
Hampshire
RG24 7AL

Plum-Mex Limited (Registered number: 11896030)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 315,006 286,483
315,006 286,483

CURRENT ASSETS
Stocks 115,000 115,000
Debtors 6 6,190 6,500
Cash at bank - 66,403
121,190 187,903
CREDITORS
Amounts falling due within one year 7 226,562 282,560
NET CURRENT LIABILITIES (105,372 ) (94,657 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

209,634

191,826

CREDITORS
Amounts falling due after more than one
year

8

(151,238

)

(163,634

)

PROVISIONS FOR LIABILITIES 11 (30,213 ) (26,393 )
NET ASSETS 28,183 1,799

CAPITAL AND RESERVES
Called up share capital 12 100 100
Retained earnings 28,083 1,699
SHAREHOLDERS' FUNDS 28,183 1,799

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

Plum-Mex Limited (Registered number: 11896030)

Balance Sheet - continued
31 March 2025


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 June 2025 and were signed on its behalf by:





Mrs N Martinez - Director


Plum-Mex Limited (Registered number: 11896030)

Notes to the Financial Statements
for the Year Ended 31 March 2025


1. STATUTORY INFORMATION

Plum-Mex 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.

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, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of five years.

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.
Leasehold Improvements - 5% on cost
Plant and machinery - 25% on cost
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Debtors and creditors payable/receivable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price, including transaction costs. Subsequently they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.


Plum-Mex Limited (Registered number: 11896030)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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, adjusted for indexation where applicable.

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.

Impairment
Assets not measured at fair value are reviewed for any indication that an asset may be impaired at each balance sheet date. The directors review the carrying amount of the relevant assets and compare them to their market values and recoverable amounts. Where the carrying amount exceeds this, an impairment loss is recognised in profit or loss, unless the asset is carried at a revalued amount, where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 7 ) .

Plum-Mex Limited (Registered number: 11896030)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2024
and 31 March 2025 10,000
AMORTISATION
At 1 April 2024
and 31 March 2025 10,000
NET BOOK VALUE
At 31 March 2025 -
At 31 March 2024 -

5. TANGIBLE FIXED ASSETS
Leasehold Plant and Motor Computer
Improvements machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2024 185,123 13,650 139,924 14,810 353,507
Additions - 2,830 74,370 - 77,200
At 31 March 2025 185,123 16,480 214,294 14,810 430,707
DEPRECIATION
At 1 April 2024 9,256 11,826 33,403 12,539 67,024
Charge for year 9,256 1,621 35,529 2,271 48,677
At 31 March 2025 18,512 13,447 68,932 14,810 115,701
NET BOOK VALUE
At 31 March 2025 166,611 3,033 145,362 - 315,006
At 31 March 2024 175,867 1,824 106,521 2,271 286,483

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 1,121 500
Other debtors 5,069 6,000
6,190 6,500

Plum-Mex Limited (Registered number: 11896030)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans and overdrafts 57,700 34,999
Hire purchase contracts (see note 9) 22,223 19,404
Trade creditors 65,089 91,400
Taxation and social security 46,868 76,222
Other creditors 34,682 60,535
226,562 282,560

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.25 31.3.24
£    £   
Bank loans 53,369 88,636
Hire purchase contracts (see note 9) 97,869 74,998
151,238 163,634

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 28,455 33,794

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.3.25 31.3.24
£    £   
Net obligations repayable:
Within one year 22,223 19,404
Between one and five years 97,869 74,998
120,092 94,402

Non-cancellable operating leases
31.3.25 31.3.24
£    £   
Within one year - 7,725

Plum-Mex Limited (Registered number: 11896030)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025


10. SECURED DEBTS

The following secured debts are included within creditors:

31.3.25 31.3.24
£    £   
Bank loans 88,636 123,635
Hire purchase contracts 120,092 94,402
208,728 218,037

There are fixed and floating charges over the undertaking and all property and assets present and future including goodwill, book debts, uncalled capital, buildings, fixtures and fixed plant and machinery.

11. PROVISIONS FOR LIABILITIES
31.3.25 31.3.24
£    £   
Deferred tax 30,213 26,393

Deferred
tax
£   
Balance at 1 April 2024 26,393
Accelerated capital allowances 3,820
Balance at 31 March 2025 30,213

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.25 31.3.24
value: £    £   
100 Ordinary Share £1 100 100