| Registered Number:02985316 |
For the year ended 31 March 2025
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2025
PLANT PARTS LIMITED
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
PLANT PARTS LIMITED
Statement of Financial Position
2024
2025
| Property, plant and equipment |
2,183,275
2,188,275
2
2,183,275
2,188,275
4,539,291
4,974,865
3
| Trade and other receivables |
522,518
464,132
4
261,398
| Cash and cash equivalents |
36,516
5,475,513
5,323,207
| Trade and other payables: amounts falling due within one |
| year |
(1,505,848)
(1,447,067)
5
3,817,359
4,028,446
Net current assets
| Total assets less current liabilities |
6,211,721
6,005,634
| Trade and other payables: amounts falling due after more |
| than one year |
(676,463)
(591,968)
6
5,619,753
Net assets
5,329,171
200
6
5,619,553
5,329,165
5,619,753
5,329,171
Shareholders' funds
| For the year ended 31 March 2025 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
| The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006 |
| The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
| These financial statements were approved and authorised for issue by the Board on 11 December 2025 and were signed by: |
| The notes form part of these financial statements |
1 of 4
For the year ended 31 March 2025
PLANT PARTS LIMITED
Notes to the Financial Statements
Statutory Information
| PLANT PARTS LIMITED is a private limited company, limited by shares, domiciled in England and Wales, registration |
| number 02985316. |
CLIFFORD FINCH WAY
LADY LANE INDUSTRIAL ESTATE
HADLEIGH
SUFFOLK
IP7 6RD
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as |
| modified by the revaluation of certain assets. |
Revenue recognition
| Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Property, plant and equipment
| Tangible fixed assets, other than freehold land, are stated at cost less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Land and buildings
Plant and machinery
Motor vehicles
Inventories
| Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items.Stock is assumed to have moved on a first in first out basis.All stocks arebased on pounds sterling cost of the product including an allowance for inwards transport.All stock in the current year is valued at 100%.All stock in devalued in the subsequent 5 years at 25% per year.All stock more than current year + 5 years is valued at zero. |
Foreign currencies
| Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the profit and loss account. |
2 of 4
For the year ended 31 March 2025
PLANT PARTS LIMITED
Notes to the Financial Statements Continued
| 2. Property, plant and equipment |
2,307,958
289,438
2,018,520
2,018,520
289,438
2,307,958
| Provision for depreciation and impairment |
119,683
63,683
56,000
Charge for year
5,000
5,000
-
124,683
68,683
56,000
1,962,520
220,755
2,183,275
1,962,520
225,755
2,188,275
2024
2025
4,974,865
4,539,291
| 4. Trade and other receivables |
2024
2025
464,132
492,190
-
30,328
522,518
464,132
| 5. Trade and other payables: amounts falling due within one year |
2024
2025
150,745
150,745
960,940
1,101,552
| Taxation and social security |
209,068
121,801
126,314
131,750
1,447,067
1,505,848
3 of 4
For the year ended 31 March 2025
PLANT PARTS LIMITED
Notes to the Financial Statements Continued
| 6. Trade and other payables: amounts falling due after more than one year |
2024
2025
591,968
676,463
| 7. Average number of persons employed |
During the year the average number of employees was 29 (2024 : 29)
4 of 4