T.W. Plummer & Son Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 00835167

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		627,872		339,305

			627,872		339,305
CURRENT ASSETS
Stocks	5	3,000		3,000
Debtors	6	219,954		146,292
Cash at bank and in hand		150,636		178,594

		373,590		327,886
Creditors: Amounts Falling Due Within One Year	7	(196,535 )		(184,088 )

NET CURRENT ASSETS (LIABILITIES)			177,055		143,798

TOTAL ASSETS LESS CURRENT LIABILITIES			804,927		483,103

Creditors: Amounts Falling Due After More Than One Year	8		(302,403 )		(136,448 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	11		(156,968 )		(84,826 )

NET ASSETS			345,556		261,829

CAPITAL AND RESERVES
Called up share capital	12		2,000		2,000
Profit and Loss Account			343,556		259,829

SHAREHOLDERS' FUNDS			345,556		261,829

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T.W. Plummer & Son Limited

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr J C Walker

Director

5 September 2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

T.W. Plummer & Son Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00835167 . The registered office is Lambourn Farm, Plumpton, Lewes, East Sussex, BN8 4EA.

The principal activity of the company continued to be that of haulage contractors.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is recognised at the fair value of the consideration received or receivable for haulage services

provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair

value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is

the present value of the future receipts. The difference between the fair value of the consideration and the

nominal amount received is recognised as interest income.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	15% reducing balance
Motor Vehicles	15% reducing balance
Fixtures & Fittings	20% straight line
Computer Equipment	15% reducing balance

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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T.W. Plummer & Son Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.6. Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as

reported in the profit and loss account because it excludes items of income or expense that are taxable or

deductible in other years and it further excludes 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

reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are

recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax

liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference

arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects

neither the tax profit nor the accounting profit.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 7 (2023: 8)

4. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 January 2024	530,655	-	5,922	536,577
Additions	381,798	1,805	-	383,603

As at 31 December 2024	912,453	1,805	5,922	920,180

Depreciation
As at 1 January 2024	194,391	-	2,881	197,272
Provided during the period	94,507	73	456	95,036

As at 31 December 2024	288,898	73	3,337	292,308

Net Book Value
As at 31 December 2024	623,555	1,732	2,585	627,872

As at 1 January 2024	336,264	-	3,041	339,305

5. Stocks

	2024	2023
	£	£
Stock	3,000	3,000

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T.W. Plummer & Son Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	140,593	106,586
Other debtors	7,833	10,334

	148,426	116,920
Due after more than one year
Other debtors	71,528	29,372

	219,954	146,292

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	113,992	57,002
Trade creditors	34,549	80,547
Bank loans and overdrafts	9,953	10,050
Other creditors	11,556	15,951
Taxation and social security	26,485	20,538

	196,535	184,088

8. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	298,193	122,382
Bank loans	4,210	14,066

	302,403	136,448

9. Loans

An analysis of the maturity of loans is given below:

	2024	2023
	£	£
Amounts falling due within one year or on demand:
Bank loans	9,953	10,050

	2024	2023
	£	£
Amounts falling due between one and five years:
Bank loans	4,210	14,066

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T.W. Plummer & Son Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

10. Obligations Under Finance Leases and Hire Purchase

	2024	2023
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	113,992	57,002
Later than one year and not later than five years	298,193	122,382

	412,185	179,384

	412,185	179,384

11. Deferred Taxation

The provision for deferred tax is made up as follows:

	2024	2023
	£	£
Other timing differences	156,968	84,826

12. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	2,000	2,000

13. Financial Instruments

The company has the following financial instruments:

	2024	2023
	£	£
Financial assets
Financial assets measured at fair value through profit and loss	219,953	146,292

Financial liabilities
Financial liabilities measured at fair value through profit and loss	302,403	136,447

Financial assets measured at fair value through profit or loss comprise of cash at bank and in hand.

14. Directors Advances, Credits and Guarantees

Included in other creditors due within one year are loans from the director, Mr E R Plummer amounting to £5,252 (2023 - £5,252).

The above loan is unsecured, interest free and repayable on demand.

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