REGISTERED NUMBER: 11681704 (England and Wales)

Unaudited Financial Statements

For The Year Ended 31 March 2025

for

PLUSH AUTOMOTIVE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

L J S Massy

REGISTERED OFFICE:

126 Station Road

Broughton Astley

Leicestershire

LE9 6PW

REGISTERED NUMBER:

11681704 (England and Wales)

ACCOUNTANTS:

TC Group

31 High View Close

Hamilton Office Park

Leicester

Leicestershire

LE4 9LJ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

39,697

47,348

39,697

47,348

CURRENT ASSETS

Stocks

98,140

69,723

Debtors

6

110,217

88,924

Cash at bank

16,984

2,845

225,341

161,492

CREDITORS

Amounts falling due within one year

7

103,421

97,492

NET CURRENT ASSETS

121,920

64,000

TOTAL ASSETS LESS CURRENT LIABILITIES

161,617

111,348

CREDITORS

Amounts falling due after more than one year

8

6,555

16,555

NET ASSETS

155,062

94,793

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

154,962

94,693

155,062

94,793

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

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 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 director and authorised for issue on 19 December 2025 and were signed by:

L J S Massy - Director

1.	STATUTORY INFORMATION

Plush Automotive 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.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of five years.

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

-

25% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

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 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 6 (2024 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

85,000

AMORTISATION

At 1 April 2024

and 31 March 2025

85,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

59,203

155,072

19,141

233,416

Additions

11,265

-

-

11,265

At 31 March 2025

70,468

155,072

19,141

244,681

DEPRECIATION

At 1 April 2024

54,883

117,455

13,730

186,068

Charge for year

6,438

9,405

3,073

18,916

At 31 March 2025

61,321

126,860

16,803

204,984

NET BOOK VALUE

At 31 March 2025

9,147

28,212

2,338

39,697

At 31 March 2024

4,320

37,617

5,411

47,348

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

68,666

88,420

Other debtors

41,551

504

110,217

88,924

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,112

10,112

Trade creditors

23,570

17,200

Taxation and social security

59,366

61,077

Other creditors

10,373

9,103

103,421

97,492

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

6,555

16,555

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

L J S Massy

Balance outstanding at start of year

(879

)

(33,204

)

Amounts advanced

80,528

81,840

Amounts repaid

(42,510

)

(49,515

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

37,139

(879

)

10.	RELATED PARTY DISCLOSURES

Other creditors contained a loan from 2024 of £879, which has subsequently been repaid during the year. No new loan has arisen during the period under review.

During the year, the directors took a loan from the company, as stated above, with interest paid at the official rate.

The company occupies the trading premises owned by the director, no rent is paid by the company to the director.