| REGISTERED NUMBER: 13481041 (England and Wales) |
| GROUP STRATEGIC REPORT, |
| REPORT OF THE DIRECTORS AND |
| CONSOLIDATED FINANCIAL STATEMENTS |
| FOR THE PERIOD |
| 1 JULY 2023 TO 31 DECEMBER 2024 |
| FOR |
| PLANT PLAN HOLDINGS LIMITED |
| REGISTERED NUMBER: 13481041 (England and Wales) |
| GROUP STRATEGIC REPORT, |
| REPORT OF THE DIRECTORS AND |
| CONSOLIDATED FINANCIAL STATEMENTS |
| FOR THE PERIOD |
| 1 JULY 2023 TO 31 DECEMBER 2024 |
| FOR |
| PLANT PLAN HOLDINGS LIMITED |
| PLANT PLAN HOLDINGS LIMITED (REGISTERED NUMBER: 13481041) |
| CONTENTS OF THE CONSOLIDATED FINANCIAL STATEMENTS |
| FOR THE PERIOD 1 JULY 2023 TO 31 DECEMBER 2024 |
| Page |
| Company Information | 1 |
| Group Strategic Report | 2 |
| Report of the Directors | 3 |
| Report of the Independent Auditors | 5 |
| Consolidated Income Statement | 8 |
| Consolidated Other Comprehensive Income | 9 |
| Consolidated Balance Sheet | 10 |
| Company Balance Sheet | 11 |
| Consolidated Statement of Changes in Equity | 12 |
| Company Statement of Changes in Equity | 13 |
| Consolidated Cash Flow Statement | 14 |
| Notes to the Consolidated Cash Flow Statement | 15 |
| Notes to the Consolidated Financial Statements | 17 |
| PLANT PLAN HOLDINGS LIMITED |
| COMPANY INFORMATION |
| FOR THE PERIOD 1 JULY 2023 TO 31 DECEMBER 2024 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| SENIOR STATUTORY AUDITOR: | Mr W Scales FCA FMAAT |
| AUDITORS: |
| and Statutory Auditors |
| Granville Hall |
| Granville Road |
| Leicester |
| LE1 7RU |
| PLANT PLAN HOLDINGS LIMITED (REGISTERED NUMBER: 13481041) |
| GROUP STRATEGIC REPORT |
| FOR THE PERIOD 1 JULY 2023 TO 31 DECEMBER 2024 |
| The directors present their strategic report of the company and the group for the period 1 July 2023 to 31 December 2024. |
| Plant Plan 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 Group 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 HOLDINGS LIMITED (REGISTERED NUMBER: 13481041) |
| 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 and the group for the period 1 July 2023 to 31 December 2024. |
| DIVIDENDS |
| Interim dividends per share were paid as follows: |
| A Ordinary Shares £1 shares | £637.25 | - 30 June 2024 |
| B Ordinary Shares £1 shares | £1470.59 | - 30 June 2024 |
| The directors recommend that no final dividends be paid. |
| The total distribution of dividends for the period ended 31 December 2024 will be £ 730,000 . |
| 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 group made charitable donations during the period of £184,158. |
| STATEMENT OF DIRECTORS' RESPONSIBILITIES |
| The directors are responsible for preparing the Group 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 the group and of the profit or loss of the group 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 and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group 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 the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. |
| PLANT PLAN HOLDINGS LIMITED (REGISTERED NUMBER: 13481041) |
| REPORT OF THE DIRECTORS |
| FOR THE PERIOD 1 JULY 2023 TO 31 DECEMBER 2024 |
| 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 group'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 group's auditors are aware of that information. |
| 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 HOLDINGS LIMITED |
| Opinion |
| We have audited the financial statements of Plant Plan Holdings Limited (the 'parent company') and its subsidiaries (the 'group') for the period ended 31 December 2024 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, 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 group's and of the parent company affairs as at 31 December 2024 and of the group's 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 group 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 group's and the parent 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 Group 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. |
| Comparative information in the financial statements is derived from the company's prior period financial statements which were not audited. |
| REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF |
| PLANT PLAN HOLDINGS LIMITED |
| 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 Group 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 Group Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements. |
| Matters on which we are required to report by exception |
| In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group 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 by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or |
| - | the parent company 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 group's and the parent 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 group or the parent 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 HOLDINGS 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 group 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 HOLDINGS LIMITED (REGISTERED NUMBER: 13481041) |
| CONSOLIDATED 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 | 16,892,635 | 9,780,363 |
| Cost of sales | 7,692,684 | 4,532,291 |
| GROSS PROFIT | 9,199,951 | 5,248,072 |
| Administrative expenses | 5,621,159 | 1,259,890 |
| OPERATING PROFIT | 4 | 3,578,792 | 3,988,182 |
| Interest receivable and similar income | 62,327 | 14,776 |
| 3,641,119 | 4,002,958 |
| Interest payable and similar expenses | 5 | 2,037 | (22,269 | ) |
| PROFIT BEFORE TAXATION | 3,639,082 | 4,025,227 |
| Tax on profit | 6 | 953,183 | 527,511 |
| PROFIT FOR THE FINANCIAL PERIOD |
| Profit attributable to: |
| Owners of the parent | 2,685,899 | 3,497,716 |
| PLANT PLAN HOLDINGS LIMITED (REGISTERED NUMBER: 13481041) |
| CONSOLIDATED 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 | 2,685,899 | 3,497,716 |
| OTHER COMPREHENSIVE INCOME | - | - |
| TOTAL COMPREHENSIVE INCOME FOR THE PERIOD |
2,685,899 |
3,497,716 |
| Total comprehensive income attributable to: |
| Owners of the parent | 2,685,899 | 3,497,716 |
| PLANT PLAN HOLDINGS LIMITED (REGISTERED NUMBER: 13481041) |
| CONSOLIDATED BALANCE SHEET |
| 31 DECEMBER 2024 |
| 2024 | 2023 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 9 | 264,000 | - |
| Tangible assets | 10 | 4,407,110 | 1,386,248 |
| Investments | 11 | - | - |
| 4,671,110 | 1,386,248 |
| CURRENT ASSETS |
| Stocks | 12 | 265,766 | 313,191 |
| Debtors | 13 | 2,121,428 | 1,694,288 |
| Cash at bank and in hand | 2,010,473 | 2,617,813 |
| 4,397,667 | 4,625,292 |
| CREDITORS |
| Amounts falling due within one year | 14 | 3,593,229 | 2,509,227 |
| NET CURRENT ASSETS | 804,438 | 2,116,065 |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
5,475,548 |
3,502,313 |
| PROVISIONS FOR LIABILITIES | 15 | 294,814 | 277,478 |
| NET ASSETS | 5,180,734 | 3,224,835 |
| CAPITAL AND RESERVES |
| Called up share capital | 16 | 612 | 612 |
| Retained earnings | 17 | 5,180,122 | 3,224,223 |
| SHAREHOLDERS' FUNDS | 5,180,734 | 3,224,835 |
| The financial statements were approved by the Board of Directors and authorised for issue on 6 June 2025 and were signed on its behalf by: |
| Mr BS Dallow - Director |
| PLANT PLAN HOLDINGS LIMITED (REGISTERED NUMBER: 13481041) |
| COMPANY BALANCE SHEET |
| 31 DECEMBER 2024 |
| 2024 | 2023 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 9 |
| Tangible assets | 10 |
| Investments | 11 |
| CURRENT ASSETS |
| Debtors | 13 |
| CREDITORS |
| Amounts falling due within one year | 14 |
| NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 16 |
| Retained earnings | 17 |
| SHAREHOLDERS' FUNDS |
| Company's profit for the financial year | 2,545,641 | 1,420,000 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| PLANT PLAN HOLDINGS LIMITED (REGISTERED NUMBER: 13481041) |
| CONSOLIDATED 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 | 612 | 1,146,507 | 1,147,119 |
| Changes in equity |
| Dividends | - | (1,420,000 | ) | (1,420,000 | ) |
| Total comprehensive income | - | 3,497,716 | 3,497,716 |
| Balance at 30 June 2023 | 612 | 3,224,223 | 3,224,835 |
| Changes in equity |
| Dividends | - | (730,000 | ) | (730,000 | ) |
| Total comprehensive income | - | 2,685,899 | 2,685,899 |
| Balance at 31 December 2024 | 612 | 5,180,122 | 5,180,734 |
| PLANT PLAN HOLDINGS LIMITED (REGISTERED NUMBER: 13481041) |
| COMPANY 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 HOLDINGS LIMITED (REGISTERED NUMBER: 13481041) |
| CONSOLIDATED CASH FLOW 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 | £ | £ |
| Cash flows from operating activities |
| Cash generated from operations | 1 | 4,137,196 | 3,124,690 |
| Interest paid | (2,037 | ) | 22,269 |
| Tax paid | (771,502 | ) | (599,102 | ) |
| Net cash from operating activities | 3,363,657 | 2,547,857 |
| Cash flows from investing activities |
| Purchase of intangible fixed assets | (330,000 | ) | - |
| Purchase of tangible fixed assets | (4,250,768 | ) | (1,070,595 | ) |
| Sale of tangible fixed assets | 221,904 | 59,000 |
| Interest received | 62,327 | 14,776 |
| Net cash from investing activities | (4,296,537 | ) | (996,819 | ) |
| Cash flows from financing activities |
| Amount introduced by directors | 1,055,540 | 273,721 |
| Amount withdrawn by directors | - | (12,317 | ) |
| Equity dividends paid | (730,000 | ) | (1,420,000 | ) |
| Net cash from financing activities | 325,540 | (1,158,596 | ) |
| (Decrease)/increase in cash and cash equivalents | (607,340 | ) | 392,442 |
| Cash and cash equivalents at beginning of period |
2 |
2,617,813 |
2,225,371 |
| Cash and cash equivalents at end of period | 2 | 2,010,473 | 2,617,813 |
| PLANT PLAN HOLDINGS LIMITED (REGISTERED NUMBER: 13481041) |
| NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT |
| FOR THE PERIOD 1 JULY 2023 TO 31 DECEMBER 2024 |
| 1. | RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS |
| Period |
| 1.7.23 |
| to | Year Ended |
| 31.12.24 | 30.6.23 |
| £ | £ |
| Profit before taxation | 3,639,082 | 4,025,227 |
| Depreciation charges | 1,147,086 | (1,209,782 | ) |
| Profit on disposal of fixed assets | (73,084 | ) | (50,492 | ) |
| Finance costs | 2,037 | (22,269 | ) |
| Finance income | (62,327 | ) | (14,776 | ) |
| 4,652,794 | 2,727,908 |
| Decrease/(increase) in stocks | 47,425 | (19,327 | ) |
| (Increase)/decrease in trade and other debtors | (521,206 | ) | 542,340 |
| Decrease in trade and other creditors | (41,817 | ) | (126,231 | ) |
| Cash generated from operations | 4,137,196 | 3,124,690 |
| 2. | CASH AND CASH EQUIVALENTS |
| The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts: |
| Period ended 31 December 2024 |
| 31.12.24 | 1.7.23 |
| £ | £ |
| Cash and cash equivalents | 2,010,473 | 2,617,813 |
| Year ended 30 June 2023 |
| 30.6.23 | 1.7.22 |
| £ | £ |
| Cash and cash equivalents | 2,617,813 | 2,225,371 |
| PLANT PLAN HOLDINGS LIMITED (REGISTERED NUMBER: 13481041) |
| NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT |
| FOR THE PERIOD 1 JULY 2023 TO 31 DECEMBER 2024 |
| 3. | ANALYSIS OF CHANGES IN NET FUNDS |
| At 1.7.23 | Cash flow | At 31.12.24 |
| £ | £ | £ |
| Net cash |
| Cash at bank and in hand | 2,617,813 | (607,340 | ) | 2,010,473 |
| 2,617,813 | (607,340 | ) | 2,010,473 |
| Total | 2,617,813 | (607,340 | ) | 2,010,473 |
| PLANT PLAN HOLDINGS LIMITED (REGISTERED NUMBER: 13481041) |
| NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS |
| FOR THE PERIOD 1 JULY 2023 TO 31 DECEMBER 2024 |
| 1. | STATUTORY INFORMATION |
| Plant Plan Holdings 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. |
| Basis of consolidation |
| The group financial statements consolidate those of the company and of its subsidiary undertakings drawn up to 31 December 2024. Profits or losses on intra group transactions are eliminated in full. On acquisition of a subsidiary, all of the subsidiary's assets and liabilities which exist at the date of acquisition are recorded at their fair values reflecting their condition at that date. |
| Goodwill arising on consolidation, representing the excess of the fair values of the consideration given over the fair values of the identifiable net assets acquired, is capitalised and amortised on a straight line basis over its estimated useful life of two years. |
| 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. |
| Transactions between group entities which have been eliminated on consolidation are not disclosed within the financial statements. |
| 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 HOLDINGS LIMITED (REGISTERED NUMBER: 13481041) |
| NOTES TO THE CONSOLIDATED 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 group 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 group 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 |
| Goodwill, being the amount paid in connection with the acquisition of a business in 2022 and 2024, is being amortised evenly over its estimated useful life of two and 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 |
| Freehold property | - |
| Long leasehold | - |
| Improvements to property | - |
| 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. |
| Taxation |
| Taxation for the period comprises current and deferred tax. Tax is recognised in the Consolidated 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. |
| PLANT PLAN HOLDINGS LIMITED (REGISTERED NUMBER: 13481041) |
| NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 1 JULY 2023 TO 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 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 group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate. |
| Investments |
| Investments are included at cost less amounts written off. Profits or losses arising from disposals of fixed asset investments are treated as part of the result from ordinary activities. |
| 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 trade 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| Period |
| 1.7.23 |
| to | Year Ended |
| 31.12.24 | 30.6.23 |
| £ | £ |
| Wages and salaries | 5,593,479 | 2,777,412 |
| Social security costs | 186,696 | 73,609 |
| Other pension costs | 85,218 | 6,653 |
| 5,865,393 | 2,857,674 |
| PLANT PLAN HOLDINGS LIMITED (REGISTERED NUMBER: 13481041) |
| NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 1 JULY 2023 TO 31 DECEMBER 2024 |
| 3. | EMPLOYEES AND DIRECTORS - continued |
| 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 |
| The average number of employees by undertakings that were proportionately consolidated during the period was 93 (2023 - 76 ) . |
| Period |
| 1.7.23 |
| to | Year Ended |
| 31.12.24 | 30.6.23 |
| £ | £ |
| Directors' remuneration | 82,105 | 60,896 |
| Directors' pension contributions to money purchase schemes | 65,600 | - |
| 4. | 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 | 1,081,086 | 473,966 |
| Profit on disposal of fixed assets | (73,084 | ) | (50,492 | ) |
| Goodwill amortisation | 66,000 | (1,683,749 | ) |
| Auditors remuneration | 18,000 | 17,000 |
| PLANT PLAN HOLDINGS LIMITED (REGISTERED NUMBER: 13481041) |
| NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 1 JULY 2023 TO 31 DECEMBER 2024 |
| 5. | INTEREST PAYABLE AND SIMILAR EXPENSES |
| Period |
| 1.7.23 |
| to | Year Ended |
| 31.12.24 | 30.6.23 |
| £ | £ |
| Interest paid | 2,037 | (22,269 | ) |
| 6. | 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 | 935,847 | 370,900 |
| Deferred taxation | 17,336 | 156,611 |
| Tax on profit | 953,183 | 527,511 |
| UK corporation tax has been charged at 25 % (2023 - 20.49 %). |
| PLANT PLAN HOLDINGS LIMITED (REGISTERED NUMBER: 13481041) |
| NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 1 JULY 2023 TO 31 DECEMBER 2024 |
| 6. | TAXATION - continued |
| 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 | 3,639,082 | 4,025,227 |
| Profit multiplied by the standard rate of corporation tax in the UK of 25 % (2023 - 20.495 %) |
909,771 |
824,970 |
| Effects of: |
| Expenses not deductible for tax purposes | 20,100 | 5,212 |
| Income not taxable for tax purposes | - | (345,084 | ) |
| Depreciation in excess of capital allowances | 25,360 | 43,081 |
| Adjustments to tax charge in respect of previous periods | - | (668 | ) |
| Marginal relief | (2,048 | ) | - |
| Total tax charge | 953,183 | 527,511 |
| 7. | INDIVIDUAL INCOME STATEMENT |
| As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements. |
| 8. | DIVIDENDS |
| Period |
| 1.7.23 |
| to | Year Ended |
| 31.12.24 | 30.6.23 |
| £ | £ |
| A Ordinary Shares shares of £1 each |
| Interim | 130,000 | 200,000 |
| B Ordinary Shares shares of £1 each |
| Interim | 600,000 | 1,220,000 |
| 730,000 | 1,420,000 |
| PLANT PLAN HOLDINGS LIMITED (REGISTERED NUMBER: 13481041) |
| NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 1 JULY 2023 TO 31 DECEMBER 2024 |
| 9. | INTANGIBLE FIXED ASSETS |
| Group |
| Goodwill |
| £ |
| COST |
| At 1 July 2023 | (3,367,498 | ) |
| Additions | 330,000 |
| At 31 December 2024 | (3,037,498 | ) |
| AMORTISATION |
| At 1 July 2023 | (3,367,498 | ) |
| Amortisation for period | 66,000 |
| At 31 December 2024 | (3,301,498 | ) |
| NET BOOK VALUE |
| At 31 December 2024 | 264,000 |
| At 30 June 2023 | - |
| 10. | TANGIBLE FIXED ASSETS |
| Group |
| Improvements |
| Freehold | Long | to | Plant and |
| property | leasehold | property | machinery |
| £ | £ | £ | £ |
| COST |
| At 1 July 2023 | - | - | 106,621 | 818,288 |
| Additions | 2,900,000 | 172,307 | 109,777 | 318,826 |
| Disposals | - | - | - | (40,435 | ) |
| At 31 December 2024 | 2,900,000 | 172,307 | 216,398 | 1,096,679 |
| DEPRECIATION |
| At 1 July 2023 | - | - | 49,559 | 361,320 |
| Charge for period | 12,000 | 28,379 | 55,074 | 410,703 |
| Eliminated on disposal | - | - | - | (40,435 | ) |
| At 31 December 2024 | 12,000 | 28,379 | 104,633 | 731,588 |
| NET BOOK VALUE |
| At 31 December 2024 | 2,888,000 | 143,928 | 111,765 | 365,091 |
| At 30 June 2023 | - | - | 57,062 | 456,968 |
| PLANT PLAN HOLDINGS LIMITED (REGISTERED NUMBER: 13481041) |
| NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 1 JULY 2023 TO 31 DECEMBER 2024 |
| 10. | TANGIBLE FIXED ASSETS - continued |
| Group |
| Fixtures |
| and | Motor | Computer |
| fittings | vehicles | equipment | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 July 2023 | 184,647 | 971,480 | 65,372 | 2,146,408 |
| Additions | 8,167 | 681,905 | 59,786 | 4,250,768 |
| Disposals | - | (279,062 | ) | (51,345 | ) | (370,842 | ) |
| At 31 December 2024 | 192,814 | 1,374,323 | 73,813 | 6,026,334 |
| DEPRECIATION |
| At 1 July 2023 | 55,124 | 264,850 | 29,307 | 760,160 |
| Charge for period | 61,756 | 475,506 | 37,668 | 1,081,086 |
| Eliminated on disposal | - | (138,961 | ) | (42,626 | ) | (222,022 | ) |
| At 31 December 2024 | 116,880 | 601,395 | 24,349 | 1,619,224 |
| NET BOOK VALUE |
| At 31 December 2024 | 75,934 | 772,928 | 49,464 | 4,407,110 |
| At 30 June 2023 | 129,523 | 706,630 | 36,065 | 1,386,248 |
| Company |
| Freehold |
| property |
| £ |
| COST |
| Additions |
| At 31 December 2024 |
| DEPRECIATION |
| Charge for period |
| At 31 December 2024 |
| NET BOOK VALUE |
| At 31 December 2024 |
| Included in cost of land and buildings is freehold land of £ 500,000 which is not depreciated. |
| PLANT PLAN HOLDINGS LIMITED (REGISTERED NUMBER: 13481041) |
| NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 1 JULY 2023 TO 31 DECEMBER 2024 |
| 11. | FIXED ASSET INVESTMENTS |
| Company |
| Shares in |
| group |
| undertakings |
| £ |
| COST |
| At 1 July 2023 |
| and 31 December 2024 |
| NET BOOK VALUE |
| At 31 December 2024 |
| At 30 June 2023 |
| The group or the company's investments at the Balance Sheet date in the share capital of companies include the following: |
| Subsidiary |
| Registered office: Quartz House, Quartz Close, Warren Park Way, Enderby, Leicester, LE19 4SA |
| Nature of business: |
| % |
| Class of shares: | holding |
| 2024 | 2023 |
| £ | £ |
| Aggregate capital and reserves |
| Profit for the period/year |
| 12. | STOCKS |
| Group |
| 2024 | 2023 |
| £ | £ |
| Raw materials | 265,766 | 313,191 |
| PLANT PLAN HOLDINGS LIMITED (REGISTERED NUMBER: 13481041) |
| NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 1 JULY 2023 TO 31 DECEMBER 2024 |
| 13. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| Group | Company |
| 2024 | 2023 | 2024 | 2023 |
| £ | £ | £ | £ |
| Trade debtors | 1,928,358 | 1,281,619 |
| Amounts owed by group undertakings | - | - |
| Other debtors | 31,428 | 31,622 |
| Taxation | - | 94,066 |
| Prepayments | 161,642 | 286,981 |
| 2,121,428 | 1,694,288 |
| 14. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| Group | Company |
| 2024 | 2023 | 2024 | 2023 |
| £ | £ | £ | £ |
| Trade creditors | 197,491 | 572,290 |
| Taxation | 185,847 | 115,568 |
| Paye/Ni payable | 93,436 | 66,105 | - | - |
| VAT | 443,287 | 307,598 | 6,825 | - |
| Other creditors | 15,211 | 8,088 |
| Wages creditor | (887 | ) | 790 | - | - |
| Directors' current accounts | 2,051,130 | 995,590 | 2,051,130 | - |
| Accruals and deferred income | 607,714 | 443,198 |
| 3,593,229 | 2,509,227 |
| 15. | PROVISIONS FOR LIABILITIES |
| Group |
| 2024 | 2023 |
| £ | £ |
| Deferred tax |
| Accelerated capital allowances | 294,814 | 277,478 |
| Group |
| Deferred |
| tax |
| £ |
| Balance at 1 July 2023 | 277,478 |
| Charge to Income Statement during period | 17,336 |
| Balance at 31 December 2024 | 294,814 |
| PLANT PLAN HOLDINGS LIMITED (REGISTERED NUMBER: 13481041) |
| NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 1 JULY 2023 TO 31 DECEMBER 2024 |
| 16. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2024 | 2023 |
| value: | £ | £ |
| A Ordinary Shares | £1 | 204 | 204 |
| B Ordinary Shares | £1 | 408 | 408 |
| 612 | 612 |
| A Ordinary shares and B Ordinary shares have voting rights, full equity, dividend rights and are non redeemable. |
| 17. | RESERVES |
| Group |
| Retained |
| earnings |
| £ |
| At 1 July 2023 | 3,224,223 |
| Profit for the period | 2,685,899 |
| Dividends | (730,000 | ) |
| At 31 December 2024 | 5,180,122 |
| Company |
| Retained |
| earnings |
| £ |
| At 1 July 2023 |
| Profit for the period |
| Dividends | ( |
) |
| At 31 December 2024 |
| 18. | PENSION COMMITMENTS |
| The group operated a defined contributions pension scheme. The assets of the scheme are held separately from those of the group in an independently administered fund. The pension cost charge represents contributions payable by the group 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 HOLDINGS LIMITED (REGISTERED NUMBER: 13481041) |
| NOTES TO THE CONSOLIDATED 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 Plant Plan Holdings Limited was the ultimate parent company of the group. |
| 20. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| During the period the group made rental payments for the business premises which is owned by the directors of £204,750 (2023 - £136,500). This property was acquired by the group during the year. |
| 21. | RELATED PARTY DISCLOSURES |
| During the period the group made charitable donations of £NIL (2023 year - £100,000) to a charity of which a director of the group is a trustee. At 1 July 2023 the group 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 period the group made charitable donations of £177,195 (2023 year - £107,000) to a charity of which a director of the group is also a director of the companies nominated as trustee's of the charity. |
| During the period the group made sales of £1,359 (2023 year - £5,495) and purchases of £5,946 (2023 year - £18,591) to a group of which a director has significant influence. At 31 December 2024 the group owed £2,901 (2023 - £436). |
| The key management personnel of the group are the same as the directors of the group. |