REGISTERED NUMBER: 00691463 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

P & A PLANT SUPPLIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr C A Makepeace

REGISTERED OFFICE:

The Nursery

Sutton

Norwich

Norfolk

NR12 9RA

REGISTERED NUMBER:

00691463 (England and Wales)

ACCOUNTANTS:

Sexty & Co

Chartered Certified Accountants

124 Thorpe Road

Norwich

Norfolk

NR1 1RS

FIXED ASSETS

Tangible assets

4

196,216

207,501

CURRENT ASSETS

Stocks

5

231,255

232,829

Debtors

6

47,307

51,655

Cash at bank and in hand

39,692

51,142

318,254

335,626

CREDITORS

Amounts falling due within one year

7

191,226

207,116

NET CURRENT ASSETS

127,028

128,510

TOTAL ASSETS LESS CURRENT LIABILITIES

323,244

336,011

CREDITORS

Amounts falling due after more than one year

8

(9,167

)

(25,258

)

PROVISIONS FOR LIABILITIES

(23,000

)

(24,000

)

NET ASSETS

291,077

286,753

CAPITAL AND RESERVES

Called up share capital

3,000

3,000

Retained earnings

288,077

283,753

SHAREHOLDERS' FUNDS

291,077

286,753

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 22 September 2025 and were signed by:

Mr C A Makepeace - Director

1.	STATUTORY INFORMATION

P & A Plant Supplies 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.

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.

Freehold property

-

2% on cost

Plant and machinery

-

10% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

10% 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.

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 7 (2023 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 January 2024

133,566

128,817

79,834

107,132

449,349

Additions

-

-

3,723

-

3,723

At 31 December 2024

133,566

128,817

83,557

107,132

453,072

DEPRECIATION

At 1 January 2024

54,661

99,922

48,335

38,930

241,848

Charge for year

1,768

2,888

3,532

6,820

15,008

At 31 December 2024

56,429

102,810

51,867

45,750

256,856

NET BOOK VALUE

At 31 December 2024

77,137

26,007

31,690

61,382

196,216

At 31 December 2023

78,905

28,895

31,499

68,202

207,501

Included in freehold property is freehold land and improvements costing £35,915 which is not depreciated.

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

Motor

vehicles

£

COST

At 1 January 2024

and 31 December 2024

22,000

DEPRECIATION

At 1 January 2024

4,180

Charge for year

1,443

At 31 December 2024

5,623

NET BOOK VALUE

At 31 December 2024

16,377

At 31 December 2023

17,820

5.

STOCKS

2024

2023

£

£

Other goods for resale

231,255

232,829

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

45,194

47,453

Other debtors

2,113

4,202

47,307

51,655

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

10,000

10,000

Hire purchase contracts

6,091

15,737

Trade creditors

56,374

63,349

Taxation and social security

34,843

19,810

Other creditors

83,918

98,220

191,226

207,116

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

9,167

19,167

Hire purchase contracts

-

6,091

9,167

25,258

9.	RELATED PARTY DISCLOSURES