REGISTERED NUMBER: 08092832 (England and Wales)

PLASTER PLUS INTERIORS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N E Jones

Mrs J Jones

REGISTERED OFFICE:

Grosvenor House

16 Grosvenor Road

Cheadle Hulme

Stockport

SK8 5QJ

REGISTERED NUMBER:

08092832 (England and Wales)

ACCOUNTANTS:

Clarke Nicklin LLP

Chartered Accountants

Clarke Nicklin House

Brooks Drive

Cheadle Royal Business Park

Cheadle

Cheshire

SK8 3TD

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

43,313

46,815

Investments

6

485,780

444,412

529,093

491,227

CURRENT ASSETS

Debtors

7

1,255,580

1,212,980

Cash at bank

4,097,774

3,066,336

5,353,354

4,279,316

CREDITORS

Amounts falling due within one year

8

1,272,856

637,155

NET CURRENT ASSETS

4,080,498

3,642,161

TOTAL ASSETS LESS CURRENT LIABILITIES

4,609,591

4,133,388

PROVISIONS FOR LIABILITIES

6,868

6,874

NET ASSETS

4,602,723

4,126,514

CAPITAL AND RESERVES

Called up share capital

10

124

124

Retained earnings

4,602,599

4,126,390

SHAREHOLDERS' FUNDS

4,602,723

4,126,514

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

N E Jones - Director

1.	STATUTORY INFORMATION

Plaster Plus Interiors Ltd 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. These financial statements are presented in Sterling (£).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Profit is recognised on long-term contracts, if the final outcome can be assessed with reasonable certainty, by including in the profit and loss account turnover and related costs as contract activity progresses. Turnover is calculated as that proportion of total contract value which costs to date bear to total expected costs for that contract.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of two years.

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.

Plant and machinery

-

20% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 18 (2023 - 19 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2023

and 30 September 2024

24,000

AMORTISATION

At 1 October 2023

and 30 September 2024

24,000

NET BOOK VALUE

At 30 September 2024

-

At 30 September 2023

-

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 October 2023

76,048

39,250

43,350

158,648

Additions

5,483

12,085

233

17,801

At 30 September 2024

81,531

51,335

43,583

176,449

DEPRECIATION

At 1 October 2023

54,645

19,456

37,732

111,833

Charge for year

11,181

7,969

2,153

21,303

At 30 September 2024

65,826

27,425

39,885

133,136

NET BOOK VALUE

At 30 September 2024

15,705

23,910

3,698

43,313

At 30 September 2023

21,403

19,794

5,618

46,815

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 October 2023

444,412

Additions

325,177

Disposals

(336,051

)

Revaluations

52,242

At 30 September 2024

485,780

NET BOOK VALUE

At 30 September 2024

485,780

At 30 September 2023

444,412

Cost or valuation at 30 September 2024 is represented by:

Other

investments

£

Valuation in 2023

434,412

Valuation in 2024

51,368

485,780

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts recoverable on contract

147,507

405,602

Other debtors

521,586

393,575

Director's loan accounts

222,933

295,744

VAT

354,661

96,825

Prepayments

8,893

21,234

1,255,580

1,212,980

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

578,916

105,585

Corporation tax

361,288

229,670

Social security and other taxes

23,772

14,209

Other creditors

246,920

246,441

Accruals and deferred income

61,960

41,250

1,272,856

637,155

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

87,762

87,762

Between one and five years

61,685

149,447

149,447

237,209

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

55

Ordinary A

£1

55

55

55

Ordinary B

£1

55

55

7

Ordinary C

£1

7

7

7

Ordinary D

£1

7

7

124

124

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2024 and 30 September 2023:

2024

2023

£

£

N E Jones and Mrs J Jones

Balance outstanding at start of year

295,744

(136,159

)

Amounts advanced

406,889

765,703

Amounts repaid

(479,700

)

(333,800

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

222,933

295,744

12.	ULTIMATE CONTROLLING PARTY

The controlling party is N E Jones.