| REGISTERED NUMBER: |
| STRATEGIC REPORT, |
| REPORT OF THE DIRECTORS AND |
| FINANCIAL STATEMENTS |
| FOR THE PERIOD |
| 1 JULY 2023 TO 31 DECEMBER 2024 |
| FOR |
| PLANT PLAN LIMITED |
| REGISTERED NUMBER: |
| STRATEGIC REPORT, |
| REPORT OF THE DIRECTORS AND |
| FINANCIAL STATEMENTS |
| FOR THE PERIOD |
| 1 JULY 2023 TO 31 DECEMBER 2024 |
| FOR |
| PLANT PLAN LIMITED |
| PLANT PLAN LIMITED (REGISTERED NUMBER: 07573415) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 1 JULY 2023 TO 31 DECEMBER 2024 |
| Page |
| Company Information | 1 |
| Strategic Report | 2 |
| Report of the Directors | 3 |
| Report of the Independent Auditors | 5 |
| Income Statement | 8 |
| Other Comprehensive Income | 9 |
| Balance Sheet | 10 |
| Statement of Changes in Equity | 11 |
| Notes to the Financial Statements | 12 |
| PLANT PLAN LIMITED |
| COMPANY INFORMATION |
| FOR THE PERIOD 1 JULY 2023 TO 31 DECEMBER 2024 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| SENIOR STATUTORY AUDITOR: |
| AUDITORS: |
| and Statutory Auditors |
| Granville Hall |
| Granville Road |
| Leicester |
| LE1 7RU |
| PLANT PLAN LIMITED (REGISTERED NUMBER: 07573415) |
| STRATEGIC REPORT |
| FOR THE PERIOD 1 JULY 2023 TO 31 DECEMBER 2024 |
| The directors present their strategic report for the period 1 July 2023 to 31 December 2024. |
| Plant Plan Ltd has had a year of steady growth, helping consolidate our position as one of the leading players in the interior landscaping industry. |
| REVIEW OF BUSINESS |
| The business extended its financial year to 18 months in order to align calendar and financial years. This was solely for the reason of simplifying business planning and communication. |
| The Company Sales have grown by 10% in the year to 30th June 2024 (2024: £10,711,557, 2023: £9,780,363,). While this is slightly below original budget targets, predominantly caused by turbulence in some of the markets we service, it has been an strong effort by the team. Our overheads have grown significantly, but this is due to planned investment in the business as we structure for further growth, and total overhead is still slightly below budget. |
| During the additional 6 month period that took us to the end of the calendar year performance picked up significantly, with 2024 as a calendar year having a turnover of £11,733,780. |
| PRINCIPAL RISKS AND UNCERTAINTIES |
| The keys risks to the business are the ongoing sluggish performance of the UK economy, as well as continued uncertainty in the global economy due to the ongoing tensions in Europe, the Middle East and further afield. |
| Bad debt has increased and is significantly more than budgeted, again reflecting the challenges faced in the markets we service. We have put in place new systems to help manage this and believe that this will help bring this back in line. |
| ON BEHALF OF THE BOARD: |
| PLANT PLAN LIMITED (REGISTERED NUMBER: 07573415) |
| REPORT OF THE DIRECTORS |
| FOR THE PERIOD 1 JULY 2023 TO 31 DECEMBER 2024 |
| The directors present their report with the financial statements of the company for the period 1 July 2023 to 31 December 2024. |
| PRINCIPAL ACTIVITY |
| The principal activity of the company continued to be that of corporate plantscaping. |
| DIVIDENDS |
| Dividends were paid on 30 June 2024 of £650 per share on A Ordinary shares and £1,500 per share on B Ordinary shares and 31 December 2024 of £3,000 per share on A Ordinary shares and £3,000 per share on B Ordinary shares. |
| DIRECTORS |
| The directors shown below have held office during the whole of the period from 1 July 2023 to the date of this report. |
| POLITICAL DONATIONS AND EXPENDITURE |
| The company made charitable donations of £184,158 in the period to 31 December 2024. |
| STATEMENT OF DIRECTORS' RESPONSIBILITIES |
| The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations. |
| Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to: |
| - | select suitable accounting policies and then apply them consistently; |
| - | make judgements and accounting estimates that are reasonable and prudent; |
| - | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. |
| The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. |
| STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS |
| So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information. |
| PLANT PLAN LIMITED (REGISTERED NUMBER: 07573415) |
| REPORT OF THE DIRECTORS |
| FOR THE PERIOD 1 JULY 2023 TO 31 DECEMBER 2024 |
| AUDITORS |
| The auditors, Mark J Rees LLP Chartered Accountants, will be proposed for re-appointment at the forthcoming Annual General Meeting. |
| ON BEHALF OF THE BOARD: |
| REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF |
| PLANT PLAN LIMITED |
| Opinion |
| We have audited the financial statements of Plant Plan Limited (the 'company') for the period ended 31 December 2024 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice). |
| In our opinion the financial statements: |
| - | give a true and fair view of the state of the company's affairs as at 31 December 2024 and of its profit for the period then ended; |
| - | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and |
| - | have been prepared in accordance with the requirements of the Companies Act 2006. |
| Basis for opinion |
| We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. |
| Conclusions relating to going concern |
| In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. |
| Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. |
| Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report. |
| Other information |
| The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon. |
| Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. |
| In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. |
| Opinions on other matters prescribed by the Companies Act 2006 |
| In our opinion, based on the work undertaken in the course of the audit: |
| - | the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and |
| - | the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements. |
| REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF |
| PLANT PLAN LIMITED |
| Matters on which we are required to report by exception |
| In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors. |
| We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion: |
| - | adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or |
| - | the financial statements are not in agreement with the accounting records and returns; or |
| - | certain disclosures of directors' remuneration specified by law are not made; or |
| - | we have not received all the information and explanations we require for our audit. |
| Responsibilities of directors |
| As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. |
| In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so. |
| REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF |
| PLANT PLAN LIMITED |
| Auditors' responsibilities for the audit of the financial statements |
| Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. |
| The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: |
| We have determined that the principal risk areas where material irregularities could occur were related to posting manual journal entries to manipulate financial performance, revenue recognition, stock valuation and significant one-off or unusual transactions. |
| Our audit procedures were designed to respond in particular to these identified risks (including non compliance with laws and regulations and fraud). |
| Our audit procedures included but were not limited to: |
| - A review of a sample of orders received in the year to ensure these were correctly recorded in revenue and detailed cut off testing around the year end to ensure revenue is correctly recognised. |
| - A review of laws and regulations the company is subject to is followed by compliance checks and discussion with management to ensure no instances of non compliance. |
| - Addressing the risks of fraud through management override of controls by performing journal entry test. |
| Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. |
| A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors. |
| Use of our report |
| This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed. |
| for and on behalf of |
| and Statutory Auditors |
| Granville Hall |
| Granville Road |
| Leicester |
| LE1 7RU |
| PLANT PLAN LIMITED (REGISTERED NUMBER: 07573415) |
| INCOME STATEMENT |
| FOR THE PERIOD 1 JULY 2023 TO 31 DECEMBER 2024 |
| Period |
| 1.7.23 |
| to | Year Ended |
| 31.12.24 | 30.6.23 |
| Notes | £ | £ |
| TURNOVER | 3 |
| Cost of sales |
| GROSS PROFIT |
| Administrative expenses |
| OPERATING PROFIT | 5 |
| Interest receivable and similar income |
| 3,618,993 | 2,319,209 |
| Interest payable and similar expenses | 6 | ( |
) |
| PROFIT BEFORE TAXATION |
| Tax on profit | 7 |
| PROFIT FOR THE FINANCIAL PERIOD |
| PLANT PLAN LIMITED (REGISTERED NUMBER: 07573415) |
| OTHER COMPREHENSIVE INCOME |
| FOR THE PERIOD 1 JULY 2023 TO 31 DECEMBER 2024 |
| Period |
| 1.7.23 |
| to | Year Ended |
| 31.12.24 | 30.6.23 |
| Notes | £ | £ |
| PROFIT FOR THE PERIOD |
| OTHER COMPREHENSIVE INCOME | - | - |
| TOTAL COMPREHENSIVE INCOME FOR THE PERIOD |
| PLANT PLAN LIMITED (REGISTERED NUMBER: 07573415) |
| BALANCE SHEET |
| 31 DECEMBER 2024 |
| 2024 | 2023 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 9 |
| Tangible assets | 10 |
| CURRENT ASSETS |
| Stocks | 11 |
| Debtors | 12 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 13 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | 15 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 16 |
| Retained earnings | 17 |
| SHAREHOLDERS' FUNDS |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| PLANT PLAN LIMITED (REGISTERED NUMBER: 07573415) |
| STATEMENT OF CHANGES IN EQUITY |
| FOR THE PERIOD 1 JULY 2023 TO 31 DECEMBER 2024 |
| Called up |
| share | Retained | Total |
| capital | earnings | equity |
| £ | £ | £ |
| Balance at 1 July 2022 |
| Changes in equity |
| Dividends | - | ( |
) | ( |
) |
| Total comprehensive income | - |
| Balance at 30 June 2023 |
| Changes in equity |
| Dividends | - | ( |
) | ( |
) |
| Total comprehensive income | - |
| Balance at 31 December 2024 |
| PLANT PLAN LIMITED (REGISTERED NUMBER: 07573415) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 1 JULY 2023 TO 31 DECEMBER 2024 |
| 1. | STATUTORY INFORMATION |
| Plant Plan Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Comparative Figures |
| The comparative figures are for 12 month period of trading to 30 June 2023. The current figures represent an extended 18 month period of trading to 31 December 2024. |
| Financial Reporting Standard 102 - reduced disclosure exemptions |
| The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland": |
| • | the requirements of Section 7 Statement of Cash Flows; |
| • | the requirement of paragraph 33.7. |
| Related party exemption |
| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
| Significant judgements and estimates |
| There were no areas in which the preparation of the financial statements required to make significant judgements or estimates. |
| PLANT PLAN LIMITED (REGISTERED NUMBER: 07573415) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 1 JULY 2023 TO 31 DECEMBER 2024 |
| 2. | ACCOUNTING POLICIES - continued |
| Turnover |
| Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised: |
| Rendering of services |
| Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: |
| - the amount of turnover can be measured reliably; |
| - it is probable that the Company will receive the consideration due under the contract; |
| - the stage of completion of the contract at the end of the reporting period can be measured reliably; and |
| - the costs incurred and the costs to complete the contract can be measured reliably. |
| Goodwill |
| 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 |
| Long leasehold | - |
| Office Equipment | - |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Computer equipment | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| Cost is based on the cost of purchase on a first in, first out basis. |
| 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, loans to related parties and investments in ordinary shares. |
| Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income. |
| PLANT PLAN LIMITED (REGISTERED NUMBER: 07573415) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 1 JULY 2023 TO 31 DECEMBER 2024 |
| 2. | ACCOUNTING POLICIES - continued |
| Taxation |
| Taxation for the period 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. |
| 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 period 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. |
| Foreign currencies |
| 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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
| 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. |
| Debtors |
| Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment. |
| Creditors |
| Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. |
| Dividends |
| Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting. |
| PLANT PLAN LIMITED (REGISTERED NUMBER: 07573415) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 1 JULY 2023 TO 31 DECEMBER 2024 |
| 3. | TURNOVER |
| The turnover and profit before taxation are attributable to the one principal activity of the company. |
| An analysis of turnover by geographical market is given below: |
| Period |
| 1.7.23 |
| to | Year Ended |
| 31.12.24 | 30.6.23 |
| £ | £ |
| United Kingdom |
| Europe |
| 4. | EMPLOYEES AND DIRECTORS |
| Period |
| 1.7.23 |
| to | Year Ended |
| 31.12.24 | 30.6.23 |
| £ | £ |
| Wages and salaries |
| Social security costs |
| Other pension costs |
| The average number of employees during the period was as follows: |
| Period |
| 1.7.23 |
| to | Year Ended |
| 31.12.24 | 30.6.23 |
| Admin & Marketing | 21 | 19 |
| Installation & Maintenance | 50 | 36 |
| Production | 14 | 15 |
| Sales | 8 | 6 |
| PLANT PLAN LIMITED (REGISTERED NUMBER: 07573415) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 1 JULY 2023 TO 31 DECEMBER 2024 |
| 4. | EMPLOYEES AND DIRECTORS - continued |
| Period |
| 1.7.23 |
| to | Year Ended |
| 31.12.24 | 30.6.23 |
| £ | £ |
| Directors' remuneration |
| Directors' pension contributions to money purchase schemes |
| 5. | OPERATING PROFIT |
| The operating profit is stated after charging/(crediting): |
| Period |
| 1.7.23 |
| to | Year Ended |
| 31.12.24 | 30.6.23 |
| £ | £ |
| Depreciation - owned assets |
| Profit on disposal of fixed assets | ( |
) | ( |
) |
| Goodwill amortisation |
| Auditors remuneration |
| 6. | INTEREST PAYABLE AND SIMILAR EXPENSES |
| Period |
| 1.7.23 |
| to | Year Ended |
| 31.12.24 | 30.6.23 |
| £ | £ |
| Interest paid | ( |
) |
| PLANT PLAN LIMITED (REGISTERED NUMBER: 07573415) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 1 JULY 2023 TO 31 DECEMBER 2024 |
| 7. | TAXATION |
| Analysis of the tax charge |
| The tax charge on the profit for the period was as follows: |
| Period |
| 1.7.23 |
| to | Year Ended |
| 31.12.24 | 30.6.23 |
| £ | £ |
| Current tax: |
| UK corporation tax |
| Deferred taxation |
| Tax on profit |
| UK corporation tax has been charged at 25% (2023 - 20.49%). |
| Reconciliation of total tax charge included in profit and loss |
| The tax assessed for the period is higher than the standard rate of corporation tax in the UK. The difference is explained below: |
| Period |
| 1.7.23 |
| to | Year Ended |
| 31.12.24 | 30.6.23 |
| £ | £ |
| Profit before tax |
| Profit multiplied by the standard rate of corporation tax in the UK of (2023 - |
| Effects of: |
| Expenses not deductible for tax purposes |
| Depreciation in excess of capital allowances |
| Adjustments to tax charge in respect of previous periods | ( |
) |
| Total tax charge | 946,699 | 527,511 |
| PLANT PLAN LIMITED (REGISTERED NUMBER: 07573415) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 1 JULY 2023 TO 31 DECEMBER 2024 |
| 8. | DIVIDENDS |
| Period |
| 1.7.23 |
| to | Year Ended |
| 31.12.24 | 30.6.23 |
| £ | £ |
| A Ordinary shares of £1 each |
| Interim |
| B Ordinary shares of £1 each |
| Interim |
| 9. | INTANGIBLE FIXED ASSETS |
| Goodwill |
| £ |
| COST |
| At 1 July 2023 |
| Additions |
| At 31 December 2024 |
| AMORTISATION |
| At 1 July 2023 |
| Amortisation for period |
| At 31 December 2024 |
| NET BOOK VALUE |
| At 31 December 2024 |
| At 30 June 2023 |
| PLANT PLAN LIMITED (REGISTERED NUMBER: 07573415) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 1 JULY 2023 TO 31 DECEMBER 2024 |
| 10. | TANGIBLE FIXED ASSETS |
| Long | Office | Plant and |
| leasehold | Equipment | machinery |
| £ | £ | £ |
| COST |
| At 1 July 2023 |
| Additions |
| Disposals | ( |
) |
| At 31 December 2024 |
| DEPRECIATION |
| At 1 July 2023 |
| Charge for period |
| Eliminated on disposal | ( |
) |
| At 31 December 2024 |
| NET BOOK VALUE |
| At 31 December 2024 |
| At 30 June 2023 |
| Fixtures |
| and | Motor | Computer |
| fittings | vehicles | equipment | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 July 2023 |
| Additions |
| Disposals | ( |
) | ( |
) | ( |
) |
| At 31 December 2024 |
| DEPRECIATION |
| At 1 July 2023 |
| Charge for period |
| Eliminated on disposal | ( |
) | ( |
) | ( |
) |
| At 31 December 2024 |
| NET BOOK VALUE |
| At 31 December 2024 |
| At 30 June 2023 |
| PLANT PLAN LIMITED (REGISTERED NUMBER: 07573415) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 1 JULY 2023 TO 31 DECEMBER 2024 |
| 11. | STOCKS |
| 2024 | 2023 |
| £ | £ |
| Raw materials |
| 12. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Taxation |
| Prepayments |
| 13. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Trade creditors |
| Amounts owed to group undertakings |
| Taxation |
| Paye/Ni payable | 93,436 | 66,105 |
| VAT | 436,462 | 307,598 |
| Other creditors |
| Wages creditor | (887 | ) | 790 |
| Directors' current accounts | - | 995,590 |
| Accruals and deferred income |
| 14. | LEASING AGREEMENTS |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 2024 | 2023 |
| £ | £ |
| Within one year |
| Between one and five years |
| In more than five years |
| PLANT PLAN LIMITED (REGISTERED NUMBER: 07573415) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 1 JULY 2023 TO 31 DECEMBER 2024 |
| 15. | PROVISIONS FOR LIABILITIES |
| 2024 | 2023 |
| £ | £ |
| Deferred tax |
| Accelerated Capital Allowances | 294,814 | 277,478 |
| Deferred |
| tax |
| £ |
| Balance at 1 July 2023 |
| Charge to Income Statement during period |
| Balance at 31 December 2024 |
| 16. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2024 | 2023 |
| value: | £ | £ |
| A Ordinary | £1 | 200 | 200 |
| B Ordinary | £1 | 400 | 400 |
| 600 | 600 |
| A Ordinary shares and B Ordinary shares have voting rights, full equity, dividend rights and are non redeemable. |
| 17. | RESERVES |
| Retained |
| earnings |
| £ |
| At 1 July 2023 |
| Profit for the period |
| Dividends | ( |
) |
| At 31 December 2024 |
| 18. | PENSION COMMITMENTS |
| The Company operated a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £85,218 (2023 - £6,653). Contributions totalling £15,211 (2023 - £8,088) were payable to the fund at the balance sheet date and are included within creditors. |
| PLANT PLAN LIMITED (REGISTERED NUMBER: 07573415) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 1 JULY 2023 TO 31 DECEMBER 2024 |
| 19. | ULTIMATE PARENT COMPANY |
| Plant Plan Topco Limited is regarded by the directors as being the company's ultimate parent company. |
| During the year the group was restructured on 11 November 2024 and up to this date the ultimate parent company was Plant Plan Holdings Limited. |
| 20. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| During the period the company made rental payments for the business premises which is owned by the directors of £170,625 (2023 - £136,500). The property is now owned by Plant Plan Holdings Limited. |
| 21. | RELATED PARTY DISCLOSURES |
| During the year the company made charitable donations of £NIL (2023 - £100,000) to a charity of which a director of the company is a trustee. At 1 July 2023 the company had a loan outstanding with the same charity of £30,000, no further repayments or advances were made during the year. The outstanding balance on the loan as at 31 December 2024 was £30,000. This loan is interest free and repayable on demand. |
| During the year the company made charitable donations of £177,195 (2023 - £107,000) to a charity of which a director of the company is also a director of the companies nominated as trustee's of the charity. |
| During the year the company made sales of £1,359 (2023 - £5,495) and purchases of £5,946 (2023 - £18,591) to a company of which a director has significant influence. At 31 December 2024 the company owed £2,901 (2023 - £436). |
| The key management personnel of the company are the same as the directors of the company. |