1 01/09/2023 31/08/2024 2024-08-31 false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2023-09-01 Sage Accounts Production 24.0 - FRS102_2024 xbrli:pure xbrli:shares iso4217:GBP SC742562 2023-09-01 2024-08-31 SC742562 2024-08-31 SC742562 2023-08-31 SC742562 2022-09-01 2023-08-31 SC742562 2023-08-31 SC742562 2022-08-31 SC742562 core:PlantMachinery 2023-09-01 2024-08-31 SC742562 bus:RegisteredOffice 2023-09-01 2024-08-31 SC742562 bus:Director1 2023-09-01 2024-08-31 SC742562 bus:Director2 2023-09-01 2024-08-31 SC742562 core:PlantMachinery 2023-08-31 SC742562 core:PlantMachinery 2024-08-31 SC742562 core:WithinOneYear 2024-08-31 SC742562 core:WithinOneYear 2023-08-31 SC742562 core:ShareCapital 2024-08-31 SC742562 core:ShareCapital 2023-08-31 SC742562 core:RetainedEarningsAccumulatedLosses 2024-08-31 SC742562 core:RetainedEarningsAccumulatedLosses 2023-08-31 SC742562 core:PlantMachinery 2023-08-31 SC742562 bus:SmallEntities 2023-09-01 2024-08-31 SC742562 bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 SC742562 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 SC742562 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 SC742562 bus:FullAccounts 2023-09-01 2024-08-31
Company registration number: SC742562
PLUGS TO PLANTS LIMITED
Unaudited filleted financial statements
31 August 2024
PLUGS TO PLANTS LIMITED
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
PLUGS TO PLANTS LIMITED
Directors and other information
Directors Clair Morton
Tobias Morton
Company number SC742562
Registered office Craig Cottage
Drove Loan
Denny
FK6 5LE
Business address Craig Cottage
Drove Loan
Denny
FK6 5LE
PLUGS TO PLANTS LIMITED
Statement of financial position
31 August 2024
31/08/24 31/08/23
Note £ £ £ £
Fixed assets
Tangible assets 5 3,378 2,400
_______ _______
3,378 2,400
Current assets
Stocks 22,000 2,500
Debtors 6 22,344 13,474
Cash at bank and in hand - 521
_______ _______
44,344 16,495
Creditors: amounts falling due
within one year 7 ( 26,629) ( 18,629)
_______ _______
Net current assets/(liabilities) 17,715 ( 2,134)
_______ _______
Total assets less current liabilities 21,093 266
_______ _______
Net assets 21,093 266
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account 20,993 166
_______ _______
Shareholders funds 21,093 266
_______ _______
For the year ending 31 August 2024 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 financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 28 May 2026 , and are signed on behalf of the board by:
Tobias Morton
Director
Company registration number: SC742562
PLUGS TO PLANTS LIMITED
Notes to the financial statements
Year ended 31 August 2024
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is Craig Cottage, Drove Loan, Denny, FK6 5LE.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery - 25 % straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Tangible assets
Plant and machinery Total
£ £
Cost
At 1 September 2023 3,000 3,000
Additions 1,972 1,972
_______ _______
At 31 August 2024 4,972 4,972
_______ _______
Depreciation
At 1 September 2023 600 600
Charge for the year 994 994
_______ _______
At 31 August 2024 1,594 1,594
_______ _______
Carrying amount
At 31 August 2024 3,378 3,378
_______ _______
At 31 August 2023 2,400 2,400
_______ _______
6. Debtors
31/08/24 31/08/23
£ £
Trade debtors 1,354 7,304
Other debtors 20,990 6,170
_______ _______
22,344 13,474
_______ _______
7. Creditors: amounts falling due within one year
31/08/24 31/08/23
£ £
Bank loans and overdrafts 106 -
Trade creditors 2,867 -
Social security and other taxes - 2,226
Other creditors 23,656 16,403
_______ _______
26,629 18,629
_______ _______