Company Registration No. 09379662 (England and Wales)
LEY PLANT LIMITED
Unaudited accounts
for the year ended 29 February 2024
LEY PLANT LIMITED
Unaudited accounts
Contents
LEY PLANT LIMITED
Company Information
for the year ended 29 February 2024
Director
Julia Waveney Jayne Ley
Company Number
09379662 (England and Wales)
Registered Office
Solar Mink Farm
Gisleham
Lowestoft
Suffolk
NR33 8DR
England
LEY PLANT LIMITED
Statement of financial position
as at 29 February 2024
Called up share capital not paid
(2)
(2)
Tangible assets
1,956,988
1,722,239
Creditors: amounts falling due within one year
(580,918)
(861,067)
Net current liabilities
(51,484)
(147,965)
Total assets less current liabilities
1,905,602
1,574,372
Creditors: amounts falling due after more than one year
(1,162,814)
(861,208)
Provisions for liabilities
Deferred tax
(442,332)
(248,512)
Net assets
300,456
464,652
Profit and loss account
300,456
464,652
Shareholders' funds
300,456
464,652
For the year ending 29 February 2024 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 director acknowledges her 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 and authorised for issue on 11 September 2024 and were signed on its behalf by
Julia Waveney Jayne Ley
Director
Company Registration No. 09379662
LEY PLANT LIMITED
Notes to the Accounts
for the year ended 29 February 2024
LEY PLANT LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09379662. The registered office is Solar Mink Farm, Gisleham, Lowestoft, Suffolk, NR33 8DR, England.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 March 2023
2,854,053
169,108
92,392
8,516
3,124,069
Additions
456,279
-
-
-
456,279
At 29 February 2024
3,310,332
169,108
92,392
8,516
3,580,348
At 1 March 2023
1,278,532
105,476
11,794
6,028
1,401,830
Charge for the year
203,180
18,600
250
(500)
221,530
At 29 February 2024
1,481,712
124,076
12,044
5,528
1,623,360
At 29 February 2024
1,828,620
45,032
80,348
2,988
1,956,988
At 28 February 2023
1,575,521
63,632
80,598
2,488
1,722,239
5
Investments
Subsidiary undertakings
Valuation at 1 March 2023
100
Valuation at 29 February 2024
100
LEY PLANT LIMITED
Notes to the Accounts
for the year ended 29 February 2024
Amounts falling due within one year
Trade debtors
249,191
444,133
Amounts falling due after more than one year
Amounts due from group undertakings etc.
89,975
128,591
Other debtors
115,268
100,378
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
103,819
77,145
Obligations under finance leases and hire purchase contracts
180,918
279,675
Trade creditors
230,016
447,235
Taxes and social security
18,369
-
8
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
438,522
652,743
Loans from directors
634,292
42,292
9
Transactions with related parties
Ley Plant Ltd owed J W Ley £634,292 as 29.02.24
10
Average number of employees
During the year the average number of employees was 24 (2023: 29).