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REGISTERED NUMBER: 09316574 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

LF PLANT LIMITED

LF PLANT LIMITED (REGISTERED NUMBER: 09316574)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024




Page

Statement of Financial Position 1

Notes to the Financial Statements 2


LF PLANT LIMITED (REGISTERED NUMBER: 09316574)

STATEMENT OF FINANCIAL POSITION
30 NOVEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Property, plant and equipment 4 1,753,844 2,364,608

CURRENT ASSETS
Debtors 5 824,846 218,233
Cash at bank and in hand 11,326 1,022
836,172 219,255
CREDITORS
Amounts falling due within one year 6 1,623,122 1,399,181
NET CURRENT LIABILITIES (786,950 ) (1,179,926 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

966,894

1,184,682

CREDITORS
Amounts falling due after more than one year 7 520,887 890,716
NET ASSETS 446,007 293,966

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 445,907 293,866
SHAREHOLDERS' FUNDS 446,007 293,966

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 May 2025 and were signed by:





Mr F Kane - Director


LF PLANT LIMITED (REGISTERED NUMBER: 09316574)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1. STATUTORY INFORMATION

LF Plant Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 09316574

Registered office: 6 Water End Barns
New Water End
Eversholt
Bedfordshire
MK17 9EA

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period. or in the period of the revision and future periods where the revision affects both current and future periods.

There are no significant judgements or estimates involved in the preparation of the financial statements.

Revenue
Revenue is recognized when the company obtains the right to consideration in exchange for its performance. It is measured at the fair value of the consideration received, excluding discounts, rebates, VAT, and other sales taxes or duties. The following conditions must be met for revenue recognition:

Sale of Goods
Revenue from the sale of goods is recognized when:

- Significant risks and rewards of ownership have transferred to the buyer, generally upon dispatch of goods.
- The amount of revenue can be measured reliably.
- It is probable that the economic benefits associated with the transaction will flow to the entity.
- The costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of Services
Revenue from rendering services is recognized based on the stage of completion of the contract. The stage of completion is determined by comparing costs incurred for work performed to date with total estimated contract costs. If the outcome of the contract cannot be estimated reliably, revenue is recognized only to the extent of recoverable expenses.

LF PLANT LIMITED (REGISTERED NUMBER: 09316574)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

2. ACCOUNTING POLICIES - continued

Property plant & equipment
Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses. Such cost includes costs directly attributable to making the assets capable of operating as intended.

The carrying value of tangible assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant & Machinery - 20% on reducing balance
Fixtures & fittings - 20% on reducing balance
Motor Vehicles - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce constant periodic rates of charge on the net obligations outstanding in each period.

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.

Cash and cash equivalents
Cash and cash equivalents in the statement of financial position comprise cash at banks and in hand, short term deposits with an original maturity date of one month. Cash equivalents are defined as short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.

Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.

LF PLANT LIMITED (REGISTERED NUMBER: 09316574)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 December 2023 3,908,881 49,354 811,042 4,769,277
Additions 170,086 - 62,647 232,733
Disposals (831,712 ) - (189,184 ) (1,020,896 )
At 30 November 2024 3,247,255 49,354 684,505 3,981,114
DEPRECIATION
At 1 December 2023 1,969,253 18,395 417,022 2,404,670
Charge for year 348,153 6,192 84,116 438,461
Eliminated on disposal (462,763 ) - (153,098 ) (615,861 )
At 30 November 2024 1,854,643 24,587 348,040 2,227,270
NET BOOK VALUE
At 30 November 2024 1,392,612 24,767 336,465 1,753,844
At 30 November 2023 1,939,628 30,959 394,020 2,364,607

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

20242023
£   £   
Plant and machinery - cost 1,849,424 1,714,674
Depreciation-Accumulated(556,401)(266,832)
Depreciation-Charge for the year(258,605)(289,568)
Net book value 1,034,418 1,158,273


20242023
£   £   
Vehicle - Cost504,841442,194
Depreciation-Accumulated(164,574)(95,170)
Depreciation-Charge for the year(68,053)(69,405)
Net book value272,213277,620

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 824,846 218,233

LF PLANT LIMITED (REGISTERED NUMBER: 09316574)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 609,178 785,532
Trade creditors 771,855 450,616
Taxation and social security 185,927 23,712
Other creditors 56,162 139,321
1,623,122 1,399,181

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 520,887 890,716

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 1,130,065 1,676,248

The hire purchase contracts include a fixed and floating charge over the company which contain a negative pledge, further the director has also provided a personal guarantee towards the contract liability.

The company has also provided a cross-company guarantee to a company under common control.

9. RELATED PARTY DISCLOSURES

Included in other debtors due within a year is an amount of £496,943 (2023: £145,816) due from a connected company with common control. The loan was interest free and repayable on demand.

Included in other creditors due within a year is an amount of £44,660 (2023: £31,450) due to a connected company with common control. The loan was interest free and repayable on demand.

During the year, the company incurred management cost of £126,000 (2023: £66,000) from a connected company with common directorship.