REGISTERED NUMBER: 09949158 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2025

for

Direct Plants Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs L O'Brien

P O'Brien

S O'Brien

REGISTERED OFFICE:

Mill Hill Nursery

Cliff-En-Howe Road

Pott Row

Kings Lynn

Norfolk

PE32 1BY

REGISTERED NUMBER:

09949158 (England and Wales)

ACCOUNTANTS:

Ewing Accounts Services Ltd

4 St Nicholas Court

Church Lane

Dersingham

Kings Lynn

Norfolk

PE31 6GZ

BANKERS:

NatWest Bank

4 Tuesday Market Place

Kings Lynn

Norfolk

PE30 1YY

FIXED ASSETS

Tangible assets

4

931,209

735,295

CURRENT ASSETS

Stocks

65,000

58,330

Debtors

50,102

21,169

Cash at bank

12,093

375,607

127,195

455,106

CREDITORS

Amounts falling due within one year

186,158

103,549

NET CURRENT (LIABILITIES)/ASSETS

(58,963

)

351,557

TOTAL ASSETS LESS CURRENT LIABILITIES

872,246

1,086,852

CREDITORS

Amounts falling due after more than one year

(333,933

)

(291,633

)

PROVISIONS FOR LIABILITIES

6

-

(11,990

)

NET ASSETS

538,313

783,229

CAPITAL AND RESERVES

Called up share capital

7

3

4

Undistributable reserves

8

(150,625

)

41,395

Retained earnings

8

688,935

741,830

SHAREHOLDERS' FUNDS

538,313

783,229

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 31 January 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 13 October 2025 and were signed on its behalf by:

S O'Brien - Director

1.	STATUTORY INFORMATION

Direct Plants 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 as modified by the revaluation of certain assets.

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.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% 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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST OR VALUATION

At 1 February 2024

797,192

Additions

232,054

Disposals

(1,650

)

At 31 January 2025

1,027,596

DEPRECIATION

At 1 February 2024

61,897

Charge for year

34,490

At 31 January 2025

96,387

NET BOOK VALUE

At 31 January 2025

931,209

At 31 January 2024

735,295

Cost or valuation at 31 January 2025 is represented by:

Totals

£

Valuation in 2025

1,027,596

5.	SECURED DEBTS

The following secured debts are included within creditors:

31.1.25

31.1.24

£

£

Bank loans

234,311

314,687

Hire purchase Contracts

213,099

-

447,410

314,687

The bank loan is secured by a fixed and floating charge over the assets of the company.

6.	PROVISIONS FOR LIABILITIES

31.1.25

31.1.24

£

£

Deferred tax

-

11,990

Deferred

tax

£

Balance at 1 February 2024

11,990

Credit to Statement of Income and Retained Earnings during year

(11,990

)

Balance at 31 January 2025

-

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.25

31.1.24

value:

£

£

3

Ordinary

1

3

4

8.

RESERVES

Retained

Undistributable

earnings

reserves

Totals

£

£

£

At 1 February 2024

741,830

41,395

783,225

Deficit for the year

(52,895

)

(52,895

)

Purchase of own shares

-

(192,020

)

(192,020

)

At 31 January 2025

688,935

(150,625

)

538,310

9.	RELATED PARTY DISCLOSURES

The company paid rent to Mrs L O'Brien, a director of the company, on a commercial basis which amounted to £31,200 (2024 - £36,400). There is no outstanding balance at 31 January 2025 (2024 - £Nil).