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Company Registration No. 09379662 (England and Wales)
LEY PLANT LIMITED Unaudited accounts for the year ended 28 February 2025
LEY PLANT LIMITED Unaudited accounts Contents
Page
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LEY PLANT LIMITED Company Information for the year ended 28 February 2025
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 28 February 2025
2025 
2024 
Notes
£ 
£ 
Called up share capital not paid
- 
(2)
Fixed assets
Tangible assets
1,884,129 
1,956,988 
Investments
100 
100 
1,884,229 
1,957,088 
Current assets
Inventories
75,000 
75,000 
Debtors
513,453 
454,434 
588,453 
529,434 
Creditors: amounts falling due within one year
(642,359)
(580,918)
Net current liabilities
(53,906)
(51,484)
Total assets less current liabilities
1,830,323 
1,905,602 
Creditors: amounts falling due after more than one year
(1,008,629)
(1,162,814)
Provisions for liabilities
Deferred tax
(358,534)
(442,332)
Net assets
463,160 
300,456 
Capital and reserves
Profit and loss account
463,160 
300,456 
Shareholders' funds
463,160 
300,456 
For the year ending 28 February 2025 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 4 August 2025 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 28 February 2025
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: Depreciation is provided on the following basis: Plant and machinery 10% Reducing Balance Motor vehicles 25% Reducing Balance Office equipment 25% Reducing Balance The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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LEY PLANT LIMITED Notes to the Accounts for the year ended 28 February 2025
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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 2024
3,310,332 
169,108 
92,392 
8,516 
3,580,348 
Additions
125,835 
- 
- 
- 
125,835 
At 28 February 2025
3,436,167 
169,108 
92,392 
8,516 
3,706,183 
Depreciation
At 1 March 2024
1,481,712 
124,076 
12,044 
5,528 
1,623,360 
Charge for the year
170,160 
- 
- 
- 
170,160 
On disposals
28,534 
- 
- 
- 
28,534 
At 28 February 2025
1,680,406 
124,076 
12,044 
5,528 
1,822,054 
Net book value
At 28 February 2025
1,755,761 
45,032 
80,348 
2,988 
1,884,129 
At 29 February 2024
1,828,620 
45,032 
80,348 
2,988 
1,956,988 
5
Investments
Subsidiary undertakings 
£ 
Valuation at 1 March 2024
100 
Valuation at 28 February 2025
100 
6
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Trade debtors
304,995 
249,191 
Amounts falling due after more than one year
Amounts due from group undertakings etc.
47,389 
89,975 
Other debtors
161,069 
115,268 
208,458 
205,243 
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LEY PLANT LIMITED Notes to the Accounts for the year ended 28 February 2025
7
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Bank loans and overdrafts
224,981 
103,819 
VAT
19,506 
44,626 
Obligations under finance leases and hire purchase contracts
167,816 
180,918 
Trade creditors
213,056 
230,016 
Taxes and social security
17,000 
18,369 
Accruals
- 
3,170 
642,359 
580,918 
8
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Bank loans
30,000 
90,000 
Obligations under finance leases and hire purchase contracts
366,030 
438,522 
Loans from directors
612,599 
634,292 
1,008,629 
1,162,814 
9
Average number of employees
During the year the average number of employees was 24 (2024: 24).
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