Registered number
07730425
Plant Displays Plus Limited
Unaudited Filleted Accounts
30 September 2024
Plant Displays Plus Limited
Registered number: 07730425
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 23,951 33,320
Current assets
Debtors 5 446,286 230,271
Cash at bank and in hand 26,083 71,095
472,369 301,366
Creditors: amounts falling due within one year 6 (123,869) (122,882)
Net current assets 348,500 178,484
Net assets 372,451 211,804
Capital and reserves
Called up share capital 100 100
Profit and loss account 372,351 211,704
Shareholders' funds 372,451 211,804
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A Taylor
Director
Approved by the board on 22 September 2025
Plant Displays Plus Limited
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 4
3 Intangible fixed assets £
Goodwill:
Cost
At 1 October 2023 634,880
At 30 September 2024 634,880
Amortisation
At 1 October 2023 634,880
At 30 September 2024 634,880
Net book value
At 30 September 2024 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 October 2023 50,352 44,799 95,151
At 30 September 2024 50,352 44,799 95,151
Depreciation
At 1 October 2023 49,124 12,707 61,831
Charge for the year 409 8,960 9,369
At 30 September 2024 49,533 21,667 71,200
Net book value
At 30 September 2024 819 23,132 23,951
At 30 September 2023 1,228 32,092 33,320
5 Debtors 2024 2023
£ £
Trade debtors 83,606 73,214
Other debtors 362,680 157,057
446,286 230,271
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts - (1,240)
Trade creditors 11,376 26,502
Taxation and social security costs 79,052 58,937
Other creditors 33,441 38,683
123,869 122,882
7 Related party transactions
At year end in other debtors there is a loan due from A&S Investments Limited, a company with the same shareholders of £330,084 (2023 -£156,860)
8 Other information
Plant Displays Plus Limited is a private company limited by shares and incorporated in England. Its registered office is:
38 Park Road
Surrey
TW15 1EY
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