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Registered number: 0680603
Plamil Foods Limited
Unaudited Financial Statements
For The Year Ended 31 January 2026
Beresfords
Chartered Certified Accountants
1-2 Rhodium Point
Spindle Close
Hawkinge, Folkestone
Kent
CT18 7TQ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 0680603
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 919,440 842,624
Investments 6 100 100
919,540 842,724
CURRENT ASSETS
Stocks 7 593,031 584,316
Debtors 8 637,110 594,576
Cash at bank and in hand 1,300,779 1,751,652
2,530,920 2,930,544
Creditors: Amounts Falling Due Within One Year 9 (530,886 ) (953,726 )
NET CURRENT ASSETS (LIABILITIES) 2,000,034 1,976,818
TOTAL ASSETS LESS CURRENT LIABILITIES 2,919,574 2,819,542
PROVISIONS FOR LIABILITIES
Deferred Taxation (74,541 ) (104,060 )
NET ASSETS 2,845,033 2,715,482
CAPITAL AND RESERVES
Called up share capital 10 54,125 54,125
Revaluation reserve 42,566 42,566
Capital redemption reserve 1,000 1,000
Profit and Loss Account 2,747,342 2,617,791
SHAREHOLDERS' FUNDS 2,845,033 2,715,482
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For the year ending 31 January 2026 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr A Ling
Director
Miss P Milton
Director
21/10/2026
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Plamil Foods Limited is a private company, limited by shares, incorporated in England & Wales, registered number 0680603 . The registered office is Plamil House, Bowles Well Gardens, Folkestone , Kent, CT19 6PQ.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
2. Statement of Compliance
The financial statements have been prepared 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.
3. Accounting Policies
3.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention.
3.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
3.3. Significant judgements and estimations
No judgements have been made in the process of applying the accounting policies that have had a significant effect on the amounts recognised in the financial statements.
No key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date which have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year have been made.
3.4. 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.
3.5. 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 Are not depreciated
Leasehold 10% on cost
Plant & Machinery 10% or 20% on cost
Computer Equipment 10%, 20% or 33.3% on cost
3.6. 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.
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3.7. 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.
3.8. Interest Receivable
Interest income is recognised in the profit and loss account using the effective interest method.
3.9. Interest Payable
Finance costs are charged to the profit and loss account over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
3.10. 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.
3.11. 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.
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.
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Page 5
4. Average Number of Employees
Average number of employees, including directors, during the year was: 22 (2025: 24)
22 24
5. Tangible Assets
Land & Property
Freehold Leasehold Plant & Machinery Computer Equipment Total
£ £ £ £ £
Cost
As at 1 February 2025 255,015 614,021 1,931,362 143,688 2,944,086
Additions - 156,970 34,894 1,281 193,145
As at 31 January 2026 255,015 770,991 1,966,256 144,969 3,137,231
Depreciation
As at 1 February 2025 - 237,556 1,775,439 88,467 2,101,462
Provided during the period - 54,189 47,363 14,777 116,329
As at 31 January 2026 - 291,745 1,822,802 103,244 2,217,791
Net Book Value
As at 31 January 2026 255,015 479,246 143,454 41,725 919,440
As at 1 February 2025 255,015 376,465 155,923 55,221 842,624
Included within the net book value of land and buildings above is £255,015 (2025 - £255,015) in respect of freehold land and buildings and £570,006 (2025 - £376,465) in respect of short leasehold land and buildings.
6. Investments
Subsidiaries
£
Cost
As at 1 February 2025 100
As at 31 January 2026 100
Provision
As at 1 February 2025 -
As at 31 January 2026 -
Net Book Value
As at 31 January 2026 100
As at 1 February 2025 100
Subsidiaries
Details of the company's subsidiaries as at 31 January 2026 are as follows:
Name of undertaking Registered Office Class of shares held Direct holding Indirect holding
The Kent Dark Chocolate Company Limited Plamil House, Bowles Well Gardens, Folkestone, Kent, CT19 6PQ Ordinary shared 100.00% -
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7. Stocks
2026 2025
£ £
Materials 470,722 489,514
Finished goods 122,309 94,802
593,031 584,316
8. Debtors
2026 2025
£ £
Due within one year
Trade debtors 484,465 528,480
Prepayments and accrued income 60,432 44,755
Other debtors 17,920 -
VAT 27,966 21,341
Directors' loan accounts 46,327 -
637,110 594,576
9. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors 358,363 635,064
Corporation tax 50,166 85,829
Other taxes and social security 28,549 38,337
Other creditors 40,440 38,993
Pension due 2,862 6,230
Credit card 583 241
Accruals and deferred income 49,923 149,032
530,886 953,726
10. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 54,125 54,125
11. Pension Commitments
At the balance sheet date contributions of £2,862 (2025: £6,230) were due to the fund and are included in creditors.
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12. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 February 2025 Amounts advanced Amounts repaid Amounts written off As at 31 January 2026
£ £ £ £ £
Mr Adrian Ling - 56,000 11,450 - 44,550
The above loan is unsecured, interest is charged on the advnce made and being repaid.
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