REGISTERED NUMBER: 01561496 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Plantool Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S G M Jones

B M Jones

REGISTERED OFFICE:

3 Low March Industrial Estate

Low March

Daventry

Northamptonshire

NN11 4SD

REGISTERED NUMBER:

01561496 (England and Wales)

ACCOUNTANTS:

Gopsall Services Limited

First Floor

7 Marina Court

Maple Drive

Hinckley

LE10 3BF

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

3,939,834

3,850,851

3,939,834

3,850,851

CURRENT ASSETS

Stocks

27,500

27,000

Debtors

6

668,492

636,608

Cash in hand

15,419

23,221

711,411

686,829

CREDITORS

Amounts falling due within one year

7

1,745,846

1,606,914

NET CURRENT LIABILITIES

(1,034,435

)

(920,085

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,905,399

2,930,766

CREDITORS

Amounts falling due after more than one year

8

1,470,815

1,487,605

PROVISIONS FOR LIABILITIES

600,490

580,868

CAPITAL AND RESERVES

Called up share capital

22,000

22,000

Share premium

28,000

28,000

Retained earnings

784,094

812,293

SHAREHOLDERS' FUNDS

834,094

862,293

2,905,399

2,930,766

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 directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Board of Directors and authorised for issue on 16 September 2025 and were signed on its behalf by:

B M Jones - Director

1.	STATUTORY INFORMATION

Plantool 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.

Going concern

The directors assess whether the use of going concern is appropriate, i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the company to continue as a going concern. The directors make this assessment in respect of a period of at least one year from the date of the approval of the financial statements.The directors have concluded that there are no material uncertainties about the company's ability to continue as a going concern and they are satisfied that the company has adequate resources to continue to meet its liabilities as they fall due and, therefore, that it remains appropriate to continue to adopt going concern basis of accounting in the preparation of the financial statements.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill has been fully amortised.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

Straight line over 5 years

Hire fleet

-

Straight line over 7 years, Straight line over 10 years, Straight line over 15 years, Straight line over 3 years, Straight line over 4 years, Straight line over 2 years, Straight line over 12 years, Straight line over 8 years and Straight line over 6 years

Fixtures and fittings

-

10% on reducing balance and Straight line over 4 years

Motor vehicles

-

25% on reducing balance, Straight line over 7 years, Straight line over 10 years, Straight line over 15 years and Straight line over 8 years

Computer equipment

-

25% on reducing balance and Straight line over 4 years

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.

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 25 (2023 - 29 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

166,142

AMORTISATION

At 1 January 2024

and 31 December 2024

166,142

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Hire

and

property

fleet

fittings

£

£

£

COST

At 1 January 2024

265,813

4,891,052

101,285

Additions

35,078

732,528

1,492

Disposals

-

(546,238

)

-

At 31 December 2024

300,891

5,077,342

102,777

DEPRECIATION

At 1 January 2024

202,370

1,478,396

64,149

Charge for year

25,145

424,726

3,649

Eliminated on disposal

-

(319,042

)

-

At 31 December 2024

227,515

1,584,080

67,798

NET BOOK VALUE

At 31 December 2024

73,376

3,493,262

34,979

At 31 December 2023

63,443

3,412,656

37,136

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2024

675,783

71,990

6,005,923

Additions

138,499

-

907,597

Disposals

(175,552

)

-

(721,790

)

At 31 December 2024

638,730

71,990

6,191,730

DEPRECIATION

At 1 January 2024

343,039

67,118

2,155,072

Charge for year

76,944

1,218

531,682

Eliminated on disposal

(115,816

)

-

(434,858

)

At 31 December 2024

304,167

68,336

2,251,896

NET BOOK VALUE

At 31 December 2024

334,563

3,654

3,939,834

At 31 December 2023

332,744

4,872

3,850,851

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

303,202

309,285

Amounts owed by group undertakings

330,494

310,321

Other debtors

34,796

17,002

668,492

636,608

Included in trade debtors are factored debts totalling £255,500 (2023: £274,215).

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

404,698

457,958

Hire purchase contracts

789,262

769,965

Trade creditors

332,330

194,877

Amounts owed to group undertakings

38,407

38,415

Taxation and social security

116,080

84,037

Other creditors

65,069

61,662

1,745,846

1,606,914

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

123,858

42,000

Hire purchase contracts

1,346,957

1,445,605

1,470,815

1,487,605

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Bank overdrafts

342,565

398,458

Bank loans

185,991

101,500

Other loans

-

36,573

Hire purchase contracts

2,136,219

2,215,570

2,664,775

2,752,101

A fixed and floating charge is held over all assets.

Hire purchase loans are secured against the asset they relate to.