The Plant Team Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—5

1. General Information

The Plant Team Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05634089 . The registered office is Cambourne House, 17 Courtenay Park, Newton Abbot, Devon, TQ12 2HD.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% reducing balance
Motor Vehicles	25% reducing balance
Computer Equipment	25% reducing balance

2.4. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Current for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current tax is also recognised in other comprehensive income or directly in equity respectively.

2.6. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

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The Plant Team Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.7. Audit Information

The audit report is unqualified

Senior Statutory Auditor - Mr Peter Cattermole BA FCA, Senior Statutory Auditor

Firm -Xeinadin Audit Limited, Chartered Accountants and Statutory Auditors

Date of Audit Report -

2.8. Debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

2.9. Creditors

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 4 (2024: 4)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 January 2025	633	25,000	2,057	27,690
Additions	-	46,400	-	46,400

As at 31 December 2025	633	71,400	2,057	74,090

Depreciation
As at 1 January 2025	433	6,250	1,406	8,089
Provided during the period	50	10,874	163	11,087

As at 31 December 2025	483	17,124	1,569	19,176

Net Book Value
As at 31 December 2025	150	54,276	488	54,914

As at 1 January 2025	200	18,750	651	19,601

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	422,851	492,089
Prepayments and accrued income	3,600	-
Taxation Debtor	48,023	20,156
Amounts owed by group undertakings	97,138	251,243

	571,612	763,488

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The Plant Team Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	276,217	245,302
Bank loans and overdrafts	10,605	26,000
Other loans	18,333	20,000
Other taxes and social security	1,713	2,674
VAT	215,177	319,169
Other creditors	17	184
Pension creditor	129	969
Accruals and deferred income	83,393	61,527

	605,584	675,825

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Other loans	-	80,049

8. Secured Creditors

Of the creditors the following amounts are secured by a fixed and floating charge over the assets of the company.

Bank loans £10,605 (2024 - £37,715)

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

10. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2025	2024
	£	£
Not later than one year	4,800	4,125
Later than one year and not later than five years	9,200	-

	14,000	4,125

11. Directors Advances, Credits and Guarantees

Currently there is a personal limited guarantee from the director, Mr Paul Moors, who resigned in May 2024 totalling £110,000 (2024 £110,000).

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The Plant Team Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

12. Dividends

	2025	2024
	£	£
On equity shares:
Interim dividend paid	-	729,818

13. Related Party Transactions

The company has taken exemption under Section 33.1A of FRS 102 from disclosing related party transactions between two or more 100% members of the same group.

The company made purchases of £106,464 (2024: £97,341) from an entity providing key management personnel services to the company. There was no outstanding balance at the year-end.

14. Ultimate Parent Undertaking and Controlling Party

The company's immediate parent is Holland Indoor Plants B.V. which owns 100% of the share capital of The Plant Team Limited

Holland Indoor Plants B.V. is incorporated in the Netherlands and has a registered office address at Cotoneaster 12, 1424 LB, De Kwakel, The Netherlands.

The ultimate controlling party and smallest group within which the subsidiary belongs and for which group financial statements are prepared is FM Group Holdings BV, which is incorporated in the Netherlands and owns 100% of the share capital of Holland Indoor Plants BV. Its registered address is Betula 31, 1424 LH, De Kwakel, The Netherlands.

15. Audit Information

The auditor's report on the accounts of The Plant Team Limited for the year ended 31 December 2025 was unqualified.

The auditor's report was signed by Peter Cattermole BA FCA (Senior Statutory Auditor) for and on behalf of Xeinadin Audit Limited , Statutory Auditor.

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		54,914		19,601

			54,914		19,601
CURRENT ASSETS
Debtors	5	571,612		763,488
Cash at bank and in hand		132,885		235,916

		704,497		999,404
Creditors: Amounts Falling Due Within One Year	6	(605,584 )		(675,825 )

NET CURRENT ASSETS (LIABILITIES)			98,913		323,579

TOTAL ASSETS LESS CURRENT LIABILITIES			153,827		343,180

Creditors: Amounts Falling Due After More Than One Year	7		-		(80,049 )

NET ASSETS			153,827		263,131

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			153,727		263,031

SHAREHOLDERS' FUNDS			153,827		263,131