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
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
LEY PLANT LIMITED
Statement of financial position
as at 28 February 2025
Called up share capital not paid
-
(2)
Tangible assets
1,884,129
1,956,988
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
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
LEY PLANT LIMITED
Notes to the Accounts
for the year ended 28 February 2025
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:
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.
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 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.
LEY PLANT LIMITED
Notes to the Accounts
for the year ended 28 February 2025
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.
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
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
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
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
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
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
8
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
366,030
438,522
Loans from directors
612,599
634,292
9
Average number of employees
During the year the average number of employees was 24 (2024: 24).