REGISTERED NUMBER: 03647936 (England and Wales)

GLOBAL PLANT SALES LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

R J Townsend

REGISTERED OFFICE:

Marston House

5 Elmdon Lane

Marston Green

Solihull

West Midlands

B37 7DL

BUSINESS ADDRESS:

Global House

48 Warstock Road

Kings Heath

Birmingham

West Midlands

B14 4RS

REGISTERED NUMBER:

03647936 (England and Wales)

ACCOUNTANTS:

Sephton & Company LLP

Chartered Certified Accountants

Marston House

5 Elmdon Lane

Marston Green

Solihull

West Midlands

B37 7DL

FIXED ASSETS

Tangible assets

4

269,779

371,041

CURRENT ASSETS

Stocks

645,073

703,845

Debtors

5

137,850

174,550

Cash at bank and in hand

16,599

44,804

799,522

923,199

CREDITORS

Amounts falling due within one year

6

774,138

906,858

NET CURRENT ASSETS

25,384

16,341

TOTAL ASSETS LESS CURRENT LIABILITIES

295,163

387,382

CREDITORS

Amounts falling due after more than one year

7

(224,649

)

(282,443

)

PROVISIONS FOR LIABILITIES

(45,490

)

(50,899

)

NET ASSETS

25,024

54,040

CAPITAL AND RESERVES

Called up share capital

63

63

Capital redemption reserve

62

62

Retained earnings

24,899

53,915

SHAREHOLDERS' FUNDS

25,024

54,040

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 August 2025 and were signed by:

R J Townsend - Director

1.	STATUTORY INFORMATION

Global Plant Sales 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

15% on reducing balance

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

33% on cost and 15% on reducing balance

Motor vehicles

-

25% on reducing balance

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 year 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 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 January 2024

44,620

442,692

51,377

140,300

678,989

Additions

-

4,401

266

-

4,667

Disposals

-

(80,986

)

-

(36,529

)

(117,515

)

Transfer to ownership

-

(1

)

-

-

(1

)

At 31 December 2024

44,620

366,106

51,643

103,771

566,140

DEPRECIATION

At 1 January 2024

39,998

135,207

46,308

86,435

307,948

Charge for year

690

39,534

1,034

12,245

53,503

Eliminated on disposal

-

(33,438

)

-

(31,652

)

(65,090

)

At 31 December 2024

40,688

141,303

47,342

67,028

296,361

NET BOOK VALUE

At 31 December 2024

3,932

224,803

4,301

36,743

269,779

At 31 December 2023

4,622

307,485

5,069

53,865

371,041

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 January 2024

131,556

64,459

196,015

Transfer to ownership

114,937

-

114,937

At 31 December 2024

246,493

64,459

310,952

DEPRECIATION

At 1 January 2024

41,037

20,577

61,614

Charge for year

28,864

10,969

39,833

Transfer to ownership

12,992

-

12,992

At 31 December 2024

82,893

31,546

114,439

NET BOOK VALUE

At 31 December 2024

163,600

32,913

196,513

At 31 December 2023

90,519

43,882

134,401

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Trade debtors

134,215

156,027

Other debtors

3,635

18,523

137,850

174,550

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Bank loans and overdrafts

242,384

245,646

Hire purchase contracts (see note 8)

118,837

174,945

Trade creditors

314,489

443,426

Taxation and social security

68,069

3,763

Other creditors

30,359

39,078

774,138

906,858

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/12/24

31/12/23

£

£

Bank loans

101,634

153,699

Hire purchase contracts (see note 8)

115,597

107,563

Other creditors

7,418

21,181

224,649

282,443

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31/12/24

31/12/23

£

£

Net obligations repayable:

Within one year

118,837

174,945

Between one and five years

115,597

107,563

234,434

282,508

Non-cancellable

operating leases

31/12/24

31/12/23

£

£

Within one year

32,218

30,600

Between one and five years

94,228

128,064

126,446

158,664

9.	SECURED DEBTS

The following secured debts are included within creditors:

31/12/24

31/12/23

£

£

Bank overdrafts

13,155

88,360

Hire purchase contracts

234,434

282,508

247,589

370,868

HSBC UK Bank PLC hold a fixed and floating charge over the assets of the company to the extent of any borrowings.

Aldermore Bank PLC hold a fixed and floating charge over the assets of the company to the extent of any borrowings.

The director has given a personal guarantee to the bank to the extent of any borrowings.