The Plant Team Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—5

1. General Information

The Plant Team Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05634089 . The registered office is Cambourne House, 17 Courtenay Park, Newton Abbot, Devon, TQ12 2HD.

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 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

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	25% reducing balance
Motor Vehicles	25% reducing balance
Computer Equipment	25% reducing balance

2.4. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and 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 end of the reporting period.

Current for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current tax is also recognised in other comprehensive income or directly in equity respectively.

2.6. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2.7. Audit Information

The audit report is unqualified

Senior Statutory Auditor - Mr Peter Cattermole FCA, Senior Statutory Auditor

Firm -Xeinadin Audit Limited, Chartered Accountants and Statutory Auditors

Date of Audit Report - 25 September 2025

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The Plant Team Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.8. 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.

2.9. 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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 4 (2023: 3)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 January 2024	633	-	3,747	4,380
Additions	-	25,000	-	25,000
Disposals	-	-	(1,690 )	(1,690 )

As at 31 December 2024	633	25,000	2,057	27,690

Depreciation
As at 1 January 2024	366	-	2,203	2,569
Provided during the period	67	6,250	217	6,534
Disposals	-	-	(1,014 )	(1,014 )

As at 31 December 2024	433	6,250	1,406	8,089

Net Book Value
As at 31 December 2024	200	18,750	651	19,601

As at 1 January 2024	267	-	1,544	1,811

5. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	492,089	390,766
Taxation Debtor	20,156	-
Amounts owed by group undertakings	251,243	-

	763,488	390,766

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The Plant Team Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	245,302	138,028
Bank loans and overdrafts	26,000	61,496
Other loans	20,000	-
Corporation tax	-	192,512
Other taxes and social security	2,674	1,494
VAT	319,169	395,589
Other creditors	184	5,360
Pension creditor	969	361
Accruals and deferred income	61,527	55,034

	675,825	849,874

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

	2024	2023
	£	£
Other loans	80,049	-

8. Secured Creditors

Of the creditors the following amounts are secured by a fixed and floating charge over the assets of the company.

Bank loans £37,715 (2023 - £61,496)

9. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

10. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2024	2023
	£	£
Not later than one year	4,125	4,500
Later than one year and not later than five years	-	4,125

	4,125	8,625

11. Directors Advances, Credits and Guarantees

Currently there is a personal limited guarantee from the director, Mr Paul Moors, who resigned in May 2024 totalling £110,000 (2023 £110,000).

12. Dividends

	2024	2023
	£	£
On equity shares:
Interim dividend paid	729,818	400,000

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The Plant Team Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

13. Post Balance Sheet Events

Included in other loans greater than one year there is a repayment shortly after the year end of £50,000 which is considered a non-adjusting post balance sheet event.

14. Related Party Transactions

The company undertook transactions with related parties as follows:

The company made purchases of £5,686,219 (2023: £7,218,500) from companies which were part of an associated group until 24 May 2024 and then part of a 100% group from that date. At the year-end the company owed £209,968 (2023: £123,715) and the amounts were included in trade creditors.

The company made sales of £12,481 (2023: £104,120) to companies which were part of an associated group until 24 May 2024 and then part of a 100% group from that date. At the year-end the company owed £299 (2023: £26,258) and the amounts were included in trade debtors.

The company made purchases of £72,156 (£155,646) from a company which was part of an associated group until 24 May 2024 and then ceased to be a related party. At the year-end the company owed £nil (2023: £nil) to this company.

Interest-free loans were made to a fellow group company. At the year-end the company was owed £251,243 (2023: £nil).

The company made purchases of £97,341 (2023: £103,904) from an entity providing key management personnel services to the company. There was no outstanding balance at the year-end.

15. Ultimate Parent Undertaking and Controlling Party

The company's immediate parent is Holland Indoor Plants B.V. which owns 100% of the share capital of The Plant Team Limited

Holland Indoor Plants B.V. is incorporated in the Netherlands and has a registered office address at Cotoneaster 12, 1424 LB, De Kwakel, The Netherlands.

The ultimate controlling party is FM Group Holdings BV. which is incorporated in the Netherlands and owns 100% of the share capital of Holland Indoor Plants B.V.

16. Audit Information

The auditor's report on the accounts of The Plant Team Limited for the year ended 31 December 2024 was unqualified.

The auditor's report was signed by P Cattermole, FCA (Senior Statutory Auditor) for and on behalf of Xeinadin Audit Limited , Statutory Auditor.

Xeinadin Audit Limited

Wadebridge House

16 Wadebridge Square

Poundbury, Dorchester

DT1 3AQ

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		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		19,601		1,811

			19,601		1,811
CURRENT ASSETS
Debtors	5	763,488		390,766
Cash at bank and in hand		235,916		1,187,215

		999,404		1,577,981
Creditors: Amounts Falling Due Within One Year	6	(675,825 )		(849,874 )

NET CURRENT ASSETS (LIABILITIES)			323,579		728,107

TOTAL ASSETS LESS CURRENT LIABILITIES			343,180		729,918

Creditors: Amounts Falling Due After More Than One Year	7		(80,049 )		-

NET ASSETS			263,131		729,918

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			263,031		729,818

SHAREHOLDERS' FUNDS			263,131		729,918