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Company Registration No. 01241746 (England and Wales)
Plantcraft Limited Unaudited accounts for the year ended 31 October 2025
Plantcraft Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Plantcraft Limited Company Information for the year ended 31 October 2025
Directors
Mr N Vessey Mrs C A Vessey
Company Number
01241746 (England and Wales)
Registered Office
MULVIN HOUSE SIXTH AVENUE FLIXBOROUGH INDUSTRIAL ESTATE SCUNTHORPE NORTH LINCOLNSHIRE DN15 8SH
Accountants
Westlands Chartered Accountants McMillan House 6 Wolfreton Drive Anlaby East Riding of Yorkshire HU10 7BY
- 3 -
Plantcraft Limited Statement of financial position as at 31 October 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
19,495
25,469
Current assets
Debtors
5
208,765
193,915
Creditors: amounts falling due within one year
6
(129,830)
(85,604)
Net current assets
78,935
108,311
Total assets less current liabilities
98,430
133,780
Creditors: amounts falling due after more than one year
7
(32,005)
(39,502)
Provisions for liabilities
Deferred tax
(3,704)
(9,476)
Net assets
62,721
84,802
Capital and reserves
Called up share capital
100
100
Profit and loss account
62,621
84,702
Shareholders' funds
62,721
84,802
For the year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 July 2026 and were signed on its behalf by
Mr N Vessey Director Company Registration No. 01241746
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Plantcraft Limited Notes to the Accounts for the year ended 31 October 2025
1
Statutory information
Plantcraft Limited is a private company, limited by shares, registered in England and Wales, registration number 01241746. The registered office is MULVIN HOUSE SIXTH AVENUE, FLIXBOROUGH INDUSTRIAL ESTATE, SCUNTHORPE, NORTH LINCOLNSHIRE, DN15 8SH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% on cost
Motor vehicles
20% on cost
Fixtures & fittings
10% on cost
Other tangible fixed assets
10% on cost
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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Plantcraft Limited Notes to the Accounts for the year ended 31 October 2025
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 November 2024
345,519
22,542
172,522
540,583
At 31 October 2025
345,519
22,542
172,522
540,583
Depreciation
At 1 November 2024
320,052
22,541
172,521
515,114
Charge for the year
5,974
-
-
5,974
At 31 October 2025
326,026
22,541
172,521
521,088
Net book value
At 31 October 2025
19,493
1
1
19,495
At 31 October 2024
25,467
1
1
25,469
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
71,789
62,546
Other debtors
136,976
131,369
208,765
193,915
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
43,384
29,732
VAT
10,107
12,081
Trade creditors
69,826
31,748
Taxes and social security
5,213
10,743
Other creditors
1,300
1,300
129,830
85,604
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
32,005
39,502
8
Transactions with related parties
At the balance sheet date Mr N Vessey owed the company £25,325 (2024: £19,718), by the way of a loan. Interest is charged at 3.25% and is repayable upon demand. The company is related to Neil Vessey (Storage Tanks) Limited, by the way of common directors and shareholders. At the balance sheet date the company owed Neil Vessey (Storage Tanks) Limited £111,651 (2024: £111,651).
9
Controlling party
The company is under the control of Mrs C A Vessey, the director and majority shareholder of the company.
- 6 -
Plantcraft Limited Notes to the Accounts for the year ended 31 October 2025
10
Average number of employees
During the year the average number of employees was 2 (2024: 2).
- 7 -