John Lea & Sons Limited 10797967 false 2024-03-01 2025-02-28 2025-02-28 The principal activity of the company is agricultural contracting Digita Accounts Production Advanced 6.30.9574.0 true true 10797967 2024-03-01 2025-02-28 10797967 2025-02-28 10797967 bus:OrdinaryShareClass1 bus:OtherShareType 2025-02-28 10797967 core:CurrentFinancialInstruments 2025-02-28 10797967 core:CurrentFinancialInstruments core:WithinOneYear 2025-02-28 10797967 bus:SmallEntities 2024-03-01 2025-02-28 10797967 bus:AuditExemptWithAccountantsReport 2024-03-01 2025-02-28 10797967 bus:FullAccounts 2024-03-01 2025-02-28 10797967 bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 10797967 bus:RegisteredOffice 2024-03-01 2025-02-28 10797967 bus:Director1 2024-03-01 2025-02-28 10797967 bus:Director2 2024-03-01 2025-02-28 10797967 bus:Director3 2024-03-01 2025-02-28 10797967 bus:Director4 2024-03-01 2025-02-28 10797967 bus:OrdinaryShareClass1 bus:OtherShareType 2024-03-01 2025-02-28 10797967 bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 10797967 bus:Agent1 2024-03-01 2025-02-28 10797967 core:PlantMachinery 2024-03-01 2025-02-28 10797967 countries:England 2024-03-01 2025-02-28 10797967 2023-03-01 2024-02-29 10797967 2024-02-29 10797967 bus:OrdinaryShareClass1 bus:OtherShareType 2024-02-29 10797967 core:CurrentFinancialInstruments 2024-02-29 10797967 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-29 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 10797967

John Lea & Sons Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 28 February 2025

 

John Lea & Sons Limited

Contents

Company Information

1

Directors' Report

2

Accountants' Report

3

Balance Sheet

4 to 5

Notes to the Unaudited Financial Statements

6 to 8

 

John Lea & Sons Limited

Company Information

Directors

Mrs Caroline Ann Lea

Mr David Michael Lea

Mr Alan Charles Lea

Mr Matthew John Lea

Registered office

Home Farm
Longville
Much Wenlock
Shropshire
TF13 6DS

Accountants

Oakleys Professional Limited
14 St Owen Street
Hereford
HR1 2PL

 

John Lea & Sons Limited

Directors' Report for the Year Ended 28 February 2025

The directors present their report and the financial statements for the year ended 28 February 2025.

Directors of the company

The directors who held office during the year were as follows:

Mrs Caroline Ann Lea

Mr David Michael Lea

Mr Alan Charles Lea

Mr Matthew John Lea

Principal activity

The principal activity of the company is agricultural contracting

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved by the Board on 26 August 2025 and signed on its behalf by:

.........................................
Mrs Caroline Ann Lea
Director

.........................................
Mr Matthew John Lea
Director

.........................................
Mr David Michael Lea
Director

.........................................
Mr Alan Charles Lea
Director

     
 

Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
John Lea & Sons Limited
for the Year Ended 28 February 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of John Lea & Sons Limited for the year ended 28 February 2025 as set out on pages 4 to 8 from the company's accounting records and from information and explanations you have given us.

It is your duty to ensure that John Lea & Sons Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of John Lea & Sons Limited. You consider that John Lea & Sons Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of John Lea & Sons Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Oakleys Professional Limited
14 St Owen Street
Hereford
HR1 2PL

26 August 2025

 

John Lea & Sons Limited

(Registration number: 10797967)
Balance Sheet as at 28 February 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

2,960,842

2,443,236

Current assets

 

Stocks

48,157

40,122

Debtors

373,140

114,335

Cash at bank and in hand

 

10,951

76,009

 

432,248

230,466

Creditors: Amounts falling due within one year

(1,095,233)

(639,184)

Net current liabilities

 

(662,985)

(408,718)

Total assets less current liabilities

 

2,297,857

2,034,518

Provisions for liabilities

(530,020)

(430,666)

Net assets

 

1,767,837

1,603,852

Capital and reserves

 

Called up share capital

4

1,000

1,000

Share premium reserve

713,530

713,530

Retained earnings

1,053,307

889,322

Shareholders' funds

 

1,767,837

1,603,852

For the financial 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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 26 August 2025 and signed on its behalf by:
 

 

John Lea & Sons Limited

(Registration number: 10797967)
Balance Sheet as at 28 February 2025

.........................................
Mrs Caroline Ann Lea
Director

.........................................
Mr Matthew John Lea
Director

.........................................
Mr David Michael Lea
Director

.........................................
Mr Alan Charles Lea
Director

     
 

John Lea & Sons Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Home Farm
Longville
Much Wenlock
Shropshire
TF13 6DS

These financial statements were authorised for issue by the Board on 26 August 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

John Lea & Sons Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is provided on all tangible fixed assets at rates calculated to reduce the cost or valuation less residual value over its estimated useful economic life.

Asset class

Depreciation method and rate

Plant and machinery

20% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

The directors have chosen the fair value model basis for the valuation of biological assets under FRS 102.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

John Lea & Sons Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 8 (2024 - 8).

4

Share capital

Allotted, called up and fully paid shares

 

2025

2024

 

No.

£

No.

£

Ordinary shares of £1 each

1,000

1,000

1,000

1,000