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Registration number: 04806263

Petals For Plants Limited
Annual Report and Unaudited Filleted Financial Statements
for the Year Ended 31 July 2025

Petals For Plants Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 9

Petals For Plants Limited

Company Information

Directors | D P East D C East

Company secretary | D P East

Registered office | Petals For Plants Burwash Road Broad Oak Heathfield East Sussex TN21 8XG

Accountants | Manningtons 8 High Street Heathfield East Sussex TN21 8LS

Petals For Plants Limited

(Registration number: 04806263)
Balance Sheet as at 31 July 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 376,526 | 385,454
Current assets |  |  |
Stocks | 5 | 281,000 | 279,000
Debtors | 6 | 2,129 | 5,582
Cash at bank and in hand |  | 285,915 | 258,788
|  | 569,044 | 543,370
Creditors: Amounts falling due within one year | 7 | (702,647) | (720,476)
Net current liabilities |  | (133,603) | (177,106)
Total assets less current liabilities |  | 242,923 | 208,348
Creditors: Amounts falling due after more than one year | 7 | - | (20,833)
Net assets |  | 242,923 | 187,515
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Retained earnings |  | 242,823 | 187,415
Shareholders' funds |  | 242,923 | 187,515

For the financial year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 23 October 2025 and signed on its behalf by:

Petals For Plants Limited

(Registration number: 04806263)
Balance Sheet as at 31 July 2025

......................................... D P East Company secretary and director

Petals For Plants Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

1 | General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Petals For Plants
Burwash Road
Broad Oak
Heathfield
East Sussex
TN21 8XG

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentation currency of the financial statements is the Pound Sterling (£).

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Petals For Plants Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant & Machinery | 10% reducing balance
Office Equipment | 20% reducing balance
Furniture & Fittings | 20% reducing balance
Motor Vehicles | 20% reducing balance
Freehold Land & Buildings | 5% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised at the transaction price, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised at the transaction price.

Borrowings

Petals For Plants Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 24 (2024 - 23).

Petals For Plants Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

4 | Tangible assets

| Land and buildings £ | Furniture, fittings and equipment £ | Motor vehicles £ | Other tangible assets £ | Total £
Cost or valuation
At 1 August 2024 | 82,387 | 120,191 | 25,990 | 1,057,857 | 1,286,425
Additions | - | 3,926 | - | 27,495 | 31,421
At 31 July 2025 | 82,387 | 124,117 | 25,990 | 1,085,352 | 1,317,846
Depreciation
At 1 August 2024 | 7,450 | 103,253 | 21,111 | 769,157 | 900,971
Charge for the year | 3,579 | 4,173 | 975 | 31,622 | 40,349
At 31 July 2025 | 11,029 | 107,426 | 22,086 | 800,779 | 941,320
Carrying amount
At 31 July 2025 | 71,358 | 16,691 | 3,904 | 284,573 | 376,526
At 31 July 2024 | 74,937 | 16,938 | 4,879 | 288,700 | 385,454

Included within the net book value of land and buildings above is £71,358 (2024 - £74,937) in respect of freehold land and buildings.

Petals For Plants Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

5 | Stocks

| 2025 £ | 2024 £
Other inventories | 281,000 | 279,000

6 | Debtors

| 2025 £ | 2024 £
Trade debtors | - | 864
Prepayments | 2,129 | 1,593
Other debtors | - | 3,125
| 2,129 | 5,582

Petals For Plants Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Bank loans and overdrafts | 8 | 20,833 | 25,000
Trade creditors |  | 25,405 | 29,035
Taxation and social security |  | 51,775 | 54,635
Accruals and deferred income |  | 5,400 | 5,400
Other creditors |  | 1,139 | 958
Director loan account |  | 598,095 | 605,448
|  | 702,647 | 720,476

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 8 | - | 20,833

8 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | - | 20,833

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 20,833 | 25,000