REGISTERED NUMBER: 06295103 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2025

for

Plus Retail Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J R W Sibcy

Mrs S E Sibcy

M R Tanner

SECRETARY:

Mrs S E Sibcy

REGISTERED OFFICE:

128 High Street

Crediton

Devon

EX17 3LQ

REGISTERED NUMBER:

06295103 (England and Wales)

ACCOUNTANTS:

Bedford & Co Limited

128 High Street

Crediton

Devon

EX17 3LQ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

181,959

173,481

181,959

173,481

CURRENT ASSETS

Stocks

453,850

309,136

Debtors

6

11,901

9,451

Cash at bank

713,928

946,948

1,179,679

1,265,535

CREDITORS

Amounts falling due within one year

7

331,490

348,591

NET CURRENT ASSETS

848,189

916,944

TOTAL ASSETS LESS CURRENT LIABILITIES

1,030,148

1,090,425

CREDITORS

Amounts falling due after more than one year

8

(3,353

)

-

PROVISIONS FOR LIABILITIES

(37,016

)

(34,897

)

NET ASSETS

989,779

1,055,528

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

989,679

1,055,428

SHAREHOLDERS' FUNDS

989,779

1,055,528

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2025 and were signed on its behalf by:

J R W Sibcy - Director

1.	STATUTORY INFORMATION

Plus Retail 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.

The company's place of business is Unit 3, Beechlea Industrial Estate, Winkleigh, Devon, EX19 8DH.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable from the sale of services, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised when services are delivered to customers such that risks and rewards of ownership have been transferred to them and that there is sufficient reliable evidence that delivery of goods has occurred.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, has been fully amortised evenly over its estimated useful life of one year.

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 etc

-

25% on reducing balance, 15% on reducing balance and in accordance with the property

Stocks

Stocks have been valued at the lower of cost and estimated selling price less costs to complete and sell.

Cost is calculated on a first in first out basis.

In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacture/completion.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 16 (2024 - 13 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 July 2024

and 30 June 2025

15,000

AMORTISATION

At 1 July 2024

and 30 June 2025

15,000

NET BOOK VALUE

At 30 June 2025

-

At 30 June 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2024

386,222

Additions

45,637

Disposals

(26,880

)

At 30 June 2025

404,979

DEPRECIATION

At 1 July 2024

212,741

Charge for year

32,514

Eliminated on disposal

(22,235

)

At 30 June 2025

223,020

NET BOOK VALUE

At 30 June 2025

181,959

At 30 June 2024

173,481

Included in the above figures are assets under hire purchase and finance lease agreements with a net book value of £31,406 (2024 - nil). The depreciation charged on these assets during the year was £7,851 (2024 - nil).

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Other debtors

11,901

9,451

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Hire purchase contracts

2,683

-

Trade creditors

183,266

169,764

Taxation and social security

126,532

101,135

Other creditors

19,009

77,692

331,490

348,591

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.25

30.6.24

£

£

Hire purchase contracts

3,353

-

9.	SECURED DEBTS

The following secured debts are included within creditors:

30.6.25

30.6.24

£

£

Hire purchase contracts

6,036

-