REGISTERED NUMBER: 10665881 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

PLAN B RESTORATIONS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M Beeney

REGISTERED OFFICE:

29 Gildredge Road

Eastbourne

East Sussex

BN21 4RU

BUSINESS ADDRESS:

Unit 30, The Vinery

Arundel Road

Poling

West Sussex

BN18 9PY

REGISTERED NUMBER:

10665881 (England and Wales)

ACCOUNTANTS:

Advanta

Chartered Accountants

29 Gildredge Road

Eastbourne

East Sussex

BN21 4RU

FIXED ASSETS

Tangible assets

4

15,976

21,287

CURRENT ASSETS

Stocks

5

5,890

7,800

Debtors

6

10,183

7,041

Cash at bank

4,090

752

20,163

15,593

CREDITORS

Amounts falling due within one year

7

32,406

30,903

NET CURRENT LIABILITIES

(12,243

)

(15,310

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,733

5,977

CREDITORS

Amounts falling due after more than one year

8

(267

)

(1,867

)

PROVISIONS FOR LIABILITIES

10

(3,035

)

(4,045

)

NET ASSETS

431

65

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

429

63

SHAREHOLDERS' FUNDS

431

65

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 29 December 2025 and were signed by:

M Beeney - Director

1.	STATUTORY INFORMATION

Plan B Restorations Ltd 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 represents amounts receivable for restoration and repair of antique and vintage items net of VAT.

Revenue from the sale of services is recognised by reference to the stage of completion, costs incurred and costs to complete can be estimated reliably. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

Revenue from the sale of goods is recognised when the significant risks and rewards and ownership of the goods have been passed to the buyer (usually on dispatch of goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transactions will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant & machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

Straight line over 3 years

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant &

Furniture,fittings

Motor

Computer

machinery

& equipment

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

37,656

140

10,917

1,597

50,310

Additions

-

-

-

189

189

At 31 March 2025

37,656

140

10,917

1,786

50,499

DEPRECIATION

At 1 April 2024

22,741

61

4,777

1,444

29,023

Charge for year

3,729

20

1,535

216

5,500

At 31 March 2025

26,470

81

6,312

1,660

34,523

NET BOOK VALUE

At 31 March 2025

11,186

59

4,605

126

15,976

At 31 March 2024

14,915

79

6,140

153

21,287

5.

STOCKS

2025

2024

£

£

Stocks

5,890

7,800

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

6,120

2,956

Other debtors

3,525

3,525

Prepayments

538

560

10,183

7,041

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

2,965

4,261

Trade creditors

94

-

Tax

4,128

4,532

PAYE

850

10

VAT

2,233

2,371

Other creditors

747

100

Credit card

3,519

100

Directors' current accounts

16,281

17,813

Accrued expenses

1,589

1,716

32,406

30,903

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

267

1,600

Bank loans - 2-5 years

-

267

267

1,867

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

8,021

13,750

Between one and five years

-

8,021

8,021

21,771

10.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

3,035

4,045

Deferred

tax

£

Balance at 1 April 2024

4,045

Provided during year

(1,010

)

Balance at 31 March 2025

3,035

11.	ULTIMATE CONTROLLING PARTY

The controlling party is M Beeney.