Pratley Flowers and Plants Limited

Registered number

10481526

Filleted Accounts

31 March 2025

Pratley Flowers and Plants Limited
Registered number:		10481526
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	4		87,086			115,216

Current assets
Debtors	5	118,504			125,193
Cash at bank and in hand		1,678,773			1,266,199
		1,797,277			1,391,392

Creditors: amounts falling due within one year	6	(398,737)			(365,421)

Net current assets			1,398,540			1,025,971

Total assets less current liabilities			1,485,626			1,141,187


Provisions for liabilities
Deferred taxation			(21,771)			(28,804)

Net assets			1,463,855			1,112,383

Capital and reserves
Called up share capital			100			100
Profit and loss account			1,463,755			1,112,283

Shareholder's funds			1,463,855			1,112,383

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr M Waite
Director
Approved by the board on 18 August 2025

Pratley Flowers and Plants Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:

	Plant and machinery	25% written down value
	Motor vehicles	25% written down value

	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.

	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.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Taxation			2025		2024
£					£
	Corporation tax			124,183		62,747
	Corporation tax - Prior year adjustments			(61)		-
	Deferred tax			(7,033)		28,804
				117,089		91,551


3	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			5		6


4	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 April 2024	4,922		152,290		157,212
	Additions	900		-		900
	At 31 March 2025	5,822		152,290		158,112

	Depreciation
	At 1 April 2024	3,924		38,072		41,996
	Charge for the year	475		28,555		29,030
	At 31 March 2025	4,399		66,627		71,026

	Net book value
	At 31 March 2025	1,423		85,663		87,086
	At 31 March 2024	998		114,218		115,216


5	Debtors			2025		2024
£					£

	Trade debtors			84,347		99,410
	Other debtors			34,157		25,783
				118,504		125,193

6	Creditors: amounts falling due within one year			2025		2024
£					£

	Trade creditors			198,071		174,299
	Taxation and social security costs			166,411		101,649
	Other creditors			34,255		89,473
				398,737		365,421


7	Other information

	Pratley Flowers and Plants Limited is a private company limited by shares and incorporated in England. Its registered office is:
	A16-21 Flower Market
	New Covent Garden
	London
	SW8 5EH