REGISTERED NUMBER: 01975062 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

PLANGLOW LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N D Steadman

R Sawtell

M Walker

R A Newman

REGISTERED OFFICE:

Suite 6a1 Whitefriars

Lewins Mead

Bristol

BS1 2NT

REGISTERED NUMBER:

01975062 (England and Wales)

ACCOUNTANTS:

Gravita

Bath House

6-8 Bath Street

Bristol

BS1 6HL

BANKERS:

Handelsbanken

40 Queen Square

Bristol

BS1 4QP

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

16,779

17,152

Investments

6

6,055

-

22,834

17,152

CURRENT ASSETS

Stocks

621,760

580,550

Debtors

7

2,480,781

1,942,445

Cash in hand

558,008

801,541

3,660,549

3,324,536

CREDITORS

Amounts falling due within one year

8

(825,325

)

(834,913

)

NET CURRENT ASSETS

2,835,224

2,489,623

TOTAL ASSETS LESS CURRENT LIABILITIES

2,858,058

2,506,775

CAPITAL AND RESERVES

Called up share capital

10

750

750

Share premium

57,700

57,700

Capital redemption reserve

200

200

Retained earnings

2,799,408

2,448,125

SHAREHOLDERS' FUNDS

2,858,058

2,506,775

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 November 2025 and were signed on its behalf by:

R Sawtell - Director

1.	COMPANY INFORMATION

Planglow Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The company's principal activities are the sale of computer labels and packaging to the catering trade.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared on the historical cost convention. The principal accounting policies adopted are set out below.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of discounts, VAT and other sales related taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of one years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

20% on cost

Plant and machinery

-

50% on cost

Fixtures and fittings

-

50% on cost

Stocks

Stocks are stated at the lower of cost and net realisable value. Cost comprises direct materials and where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.

Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks and other short-term liquid investments with original maturities of three months or less.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Financial assets

Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost. Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Financial liabilities

Basic financial liabilities, including trade and other creditors are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Financial liabilities are derecognised when, and only when, the company's contractual obligations are discharged, cancelled, or they expire.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2024 - 29 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2024

and 31 March 2025

122,075

AMORTISATION

At 1 April 2024

and 31 March 2025

122,075

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

Totals

£

£

£

£

COST

At 1 April 2024

18,767

38,321

-

57,088

Additions

-

5,079

1,456

6,535

At 31 March 2025

18,767

43,400

1,456

63,623

DEPRECIATION

At 1 April 2024

3,441

36,495

-

39,936

Charge for year

3,753

2,488

667

6,908

At 31 March 2025

7,194

38,983

667

46,844

NET BOOK VALUE

At 31 March 2025

11,573

4,417

789

16,779

At 31 March 2024

15,326

1,826

-

17,152

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

Additions

10,000

Revaluations

(3,945

)

At 31 March 2025

6,055

NET BOOK VALUE

At 31 March 2025

6,055

Cost or valuation at 31 March 2025 is represented by:

Other

investments

£

Valuation in 2025

(3,945

)

Cost

10,000

6,055

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

754,558

782,296

Amounts owed by group undertakings

1,662,028

1,099,505

Prepayments and accrued income

64,195

60,644

2,480,781

1,942,445

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

390,848

367,568

Tax

175,806

153,553

Social security and other taxes

24,944

25,543

VAT

131,562

129,168

Other creditors

5,876

-

Accruals and deferred income

96,289

159,081

825,325

834,913

Handelsbanken Plc hold a floating charge over the assets of the company in respect of any liability due on their bank accounts. At the year end liabilities due on Handelsbanken Plc bank accounts were £Nil. (2024: £Nil)

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

128,708

97,429

Between one and five years

102,660

198,912

In more than five years

-

186,736

231,368

483,077

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

750

Ordinary

1

750

750

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

J Scott

Balance outstanding at start of year

-

230,000

Amounts repaid

-

(230,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

N D Steadman

Balance outstanding at start of year

-

45

Amounts repaid

-

(45

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

12.	ULTIMATE CONTROLLING PARTY

During the year the parent and controlling party was ZBAR Investments Limited.