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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
Page
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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
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LEY PLANT LIMITED Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Called up share capital not paid
(2)
(2)
Fixed assets
Tangible assets
1,956,988 
1,722,239 
Investments
100 
100 
1,957,088 
1,722,339 
Current assets
Inventories
75,000 
40,000 
Debtors
454,434 
673,102 
529,434 
713,102 
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 
Capital and reserves
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
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LEY PLANT LIMITED Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
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.
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.
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 
Depreciation
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 
Net book value
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 
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LEY PLANT LIMITED Notes to the Accounts for the year ended 29 February 2024
6
Debtors
2024 
2023 
£ 
£ 
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 
205,243 
228,969 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
103,819 
77,145 
VAT
44,626 
57,012 
Obligations under finance leases and hire purchase contracts
180,918 
279,675 
Trade creditors
230,016 
447,235 
Taxes and social security
18,369 
- 
Accruals
3,170 
- 
580,918 
861,067 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
90,000 
166,173 
Obligations under finance leases and hire purchase contracts
438,522 
652,743 
Loans from directors
634,292 
42,292 
1,162,814 
861,208 
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).
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