Plemont Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 05419694

PLEMONT LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

28 February 2025

PLEMONT LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 28 FEBRUARY 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

PLEMONT LIMITED

STATEMENT OF FINANCIAL POSITION

28 February 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	6		20,117	23,677

Current assets

Stocks		96,667	99,537
Debtors	7	10,200	8,463
Cash at bank and in hand		477,776	422,452
		---------	---------
		584,643	530,452

Creditors: amounts falling due within one year	8	123,575		184,679
		---------		---------
Net current assets			461,068	345,773
			---------	---------
Total assets less current liabilities			481,185	369,450

Provisions

Taxation including deferred tax	3,837	7,862
	---------	---------
Net assets	477,348	361,588
	---------	---------

Capital and reserves

Called up share capital	9	1,000	1,000
Profit and loss account		476,348	360,588
		---------	---------
Shareholders funds		477,348	361,588
		---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

PLEMONT LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

28 February 2025

These financial statements were approved by the board of directors and authorised for issue on 30 October 2025 , and are signed on behalf of the board by:

S A Kosky
Director

Company registration number: 05419694

PLEMONT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 28 FEBRUARY 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 5 The Chambers, Vineyard, Abingdon-on-Thames. The trading address is 7 Broad Street, Oxford.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Trade and other debtors

Trade and other debtors are stated at cost less impairment losses for bad and doubtful debts.

Revenue recognition

The turnover shown in the profit and loss account represents shop takings during the year, exclusive of Value Added Tax.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

Taxation

Tax on income represents the sum of tax currently payable and deferred tax. The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the note to the accounts because of items of that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using the tax rates that have been enacted or subsequently enacted by the end of the accounting period. Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when timing differences reverse, based on current tax rates and laws. Current or deferred tax for the year is recognised in the statement of income and retained earnings.

Related parties

For the purposes of these financial statements, a party is considered to be related to the Company if:

(i) the party has the ability, directly or indirectly, through one or more intermediaries, to control the Company or exercise significant influence over the Company in making financial and operating policy decisions, or has joint control over the Company;

(ii) the Company and the party are subject to common control;

(iii) the party is an associate of the Company or a joint venture in which the Company is a venturer;

(iv) the party is a member of key management personnel of the Company or the Company's parent, or a close family member of such an individual, or is an entity under the control, joint control or significant influence of such individuals;

(v) the party is a close family member of a party referred to in (i) or is an entity under the control, joint control or significant influence of such individuals; or

(vi) the party is a post-employment benefit plan which is for the benefit of employees of the Company or of any entity that is a related party of the Company.

Close family members of an individual are those family members who it may be expected to influence, or be influenced by, that individual in their dealings with the entity.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	7 years straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Leasehold property	-	5% straight line
Fixtures and fittings	-	15% reducing balance
Computers and equipment	-	33% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition. When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 6 (2024: 5 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 March 2024 and 28 February 2025	751,500
	---------
Amortisation
At 1 March 2024 and 28 February 2025	751,500
	---------
Carrying amount
At 28 February 2025	–
	---------
At 29 February 2024	–
	---------

The useful economic life of purchased goodwill has been fully amortised.

6. Tangible assets

	Leasehold property	Fixtures and fittings	Computers and equipment	Total
	£	£	£	£
Cost
At 1 March 2024 and 28 February 2025	19,630	108,015	2,674	130,319
	--------	---------	-------	---------
Depreciation
At 1 March 2024	12,505	91,734	2,403	106,642
Charge for the year	982	2,446	132	3,560
	--------	---------	-------	---------
At 28 February 2025	13,487	94,180	2,535	110,202
	--------	---------	-------	---------
Carrying amount
At 28 February 2025	6,143	13,835	139	20,117
	--------	---------	-------	---------
At 29 February 2024	7,125	16,281	271	23,677
	--------	---------	-------	---------

7. Debtors

	2025	2024
	£	£
Other debtors	10,200	8,463
	--------	-------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	20,206	30,602
Corporation tax	36,343	35,019
Social security and other taxes	12,642	46,742
Other creditors	54,384	72,316
	---------	---------
	123,575	184,679
	---------	---------

9. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	1,000	1,000	1,000	1,000
	-------	-------	-------	-------

10. Operating leases

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

	2025	2024
	£	£
Not later than 1 year	95,500	95,500
Later than 1 year and not later than 5 years	198,958	294,458
	---------	---------
	294,458	389,958
	---------	---------