Plum Kitchens & Home Improvements Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—7

1. General Information

Plum Kitchens & Home Improvements Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10406546 . The registered office is Unit 17 Weights Farm Business Park, Weights Lane,Redditch, Worcestershire, B97 6RG.

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. Going Concern Disclosure

The financial statements have been prepared on a going concern basis.

2.3. Significant judgements and estimations

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The

estimates and associated assumptions are based on historical experience and other factors that are considered to be

relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are

recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of

the revision and future periods where the revision affects both current and future periods.

2.4. 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.

2.5. Intangible Fixed Assets and Amortisation - Goodwill

Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

Page 3

Page 4

Plum Kitchens & Home Improvements Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

2.6. 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:

Freehold	Over 10 years
Leasehold	Over 10 years
Plant & Machinery	25% Straight line to 15% reducing Balance
Motor Vehicles	Over 4 years
Fixtures & Fittings	Over 4 years

2.7. Leasing and Hire Purchase Contracts

A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

2.8. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.9. Taxation

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

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 years 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.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

...CONTINUED

Page 4

Page 5

Plum Kitchens & Home Improvements Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

2.9. Taxation - continued

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

2.10. Pensions

Contributions to defined contribution plans are expensed in the period to which they relate.

2.11. 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.

2.12. 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.

2.13. Provisions

Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 5 (2024: 3)

4. Intangible Assets

	Goodwill	Other	Total
	£	£	£
Cost
As at 1 October 2024	1	14,340	14,341
Additions	-	4,832	4,832

As at 30 September 2025	1	19,172	19,173

Amortisation
As at 1 October 2024	-	14,340	14,340
Provided during the period	-	252	252

As at 30 September 2025	-	14,592	14,592

...CONTINUED

Page 5

Page 6

Plum Kitchens & Home Improvements Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

Net Book Value
As at 30 September 2025	1	4,580	4,581

As at 1 October 2024	1	-	1

Intangible fixed assets include:

Goodwill with a cost of £1 acquired on 1st October 2016.

CAD software and Websites having a cost of £19,172 and amortising over an estimated economic life of 3 years.

5. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Total
	£	£	£	£
Cost
As at 1 October 2024	52,356	40,687	81,402	174,445
Additions	-	19,143	5,500	24,643

As at 30 September 2025	52,356	59,830	86,902	199,088

Depreciation
As at 1 October 2024	21,735	32,607	65,015	119,357
Provided during the period	5,235	4,560	8,336	18,131

As at 30 September 2025	26,970	37,167	73,351	137,488

Net Book Value
As at 30 September 2025	25,386	22,663	13,551	61,600

As at 1 October 2024	30,621	8,080	16,387	55,088

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	66,628	69,137
Other debtors	40,244	24,924

	106,872	94,061

Page 6

Page 7

Plum Kitchens & Home Improvements Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	63,148	30,729
Bank loans and overdrafts	6,667	10,000
Other creditors	50,806	32,598
Taxation and social security	66,165	78,766

	186,786	152,093

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

	2025	2024
	£	£
Bank loans	-	6,667

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1,000	1,000

Page 7

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		4,581		1
Tangible Assets	5		61,600		55,088

			66,181		55,089
CURRENT ASSETS
Stocks		38,550		19,581
Debtors	6	106,872		94,061
Cash at bank and in hand		75,435		96,348

		220,857		209,990
Creditors: Amounts Falling Due Within One Year	7	(186,786 )		(152,093 )

NET CURRENT ASSETS (LIABILITIES)			34,071		57,897

TOTAL ASSETS LESS CURRENT LIABILITIES			100,252		112,986

Creditors: Amounts Falling Due After More Than One Year	8		-		(6,667 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(15,937 )		(8,993 )

NET ASSETS			84,315		97,326

CAPITAL AND RESERVES
Called up share capital	9		1,000		1,000
Share premium account			2,958		2,958
Profit and Loss Account			80,357		93,368

SHAREHOLDERS' FUNDS			84,315		97,326