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REGISTERED NUMBER: 00755749 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

A.C. LESTER & SON LIMITED

A.C. LESTER & SON LIMITED (REGISTERED NUMBER: 00755749)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A.C. LESTER & SON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: R C Lester
C G Lester
H R K Lester
Ms V C Satchwell



REGISTERED OFFICE: 23 St Martin's Street
Wallingford
Oxfordshire
OX10 0AL



REGISTERED NUMBER: 00755749 (England and Wales)



ACCOUNTANTS: Orcom Civvals Limited
Accountants
50 Seymour Street
London
W1H 7JG



BANKERS: National Westminster Bank plc
Abingdon (C) Branch
11 Market Place
Abingdon
Oxfordshire
OX14 3HH

A.C. LESTER & SON LIMITED (REGISTERED NUMBER: 00755749)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 3,057,213 3,154,017
Investment property 5 2,050,000 2,849,034
5,107,213 6,003,051

CURRENT ASSETS
Debtors 6 97,524 64,521
Cash at bank and in hand 817,282 1,360,487
914,806 1,425,008
CREDITORS
Amounts falling due within one year 7 (325,887 ) (211,675 )
NET CURRENT ASSETS 588,919 1,213,333
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,696,132

7,216,384

PROVISIONS FOR LIABILITIES (309,109 ) (336,017 )
NET ASSETS 5,387,023 6,880,367

CAPITAL AND RESERVES
Called up share capital 8 24,000 24,000
Share premium 232,450 232,450
Fair value reserve 2,358,445 3,027,580
Retained earnings 2,772,128 3,596,337
SHAREHOLDERS' FUNDS 5,387,023 6,880,367

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

A.C. LESTER & SON LIMITED (REGISTERED NUMBER: 00755749)

BALANCE SHEET - continued
31 DECEMBER 2024


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 Board of Directors and authorised for issue on 4 August 2025 and were signed on its behalf by:





H R K Lester - Director


A.C. LESTER & SON LIMITED (REGISTERED NUMBER: 00755749)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

A.C. Lester & Son Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 balance sheet date.


A.C. LESTER & SON LIMITED (REGISTERED NUMBER: 00755749)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 January 2024 3,206,238 569,538 3,775,776
Additions - 270 270
At 31 December 2024 3,206,238 569,808 3,776,046
DEPRECIATION
At 1 January 2024 181,519 440,240 621,759
Charge for year 63,887 33,187 97,074
At 31 December 2024 245,406 473,427 718,833
NET BOOK VALUE
At 31 December 2024 2,960,832 96,381 3,057,213
At 31 December 2023 3,024,719 129,298 3,154,017

If the freehold property had not been revalued it would have been included at a historical cost of £1,321,263 (2023: £1,321,263).

A.C. LESTER & SON LIMITED (REGISTERED NUMBER: 00755749)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024 2,849,034
Additions 737
Disposals (736,222 )
Revaluations (63,549 )
At 31 December 2024 2,050,000
NET BOOK VALUE
At 31 December 2024 2,050,000
At 31 December 2023 2,849,034

If the investment properties had not been revalued they would have been included at a historical cost of £1,289,530 (2023: £1,489,178).

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 75,939 56,313
Other debtors 21,585 8,208
97,524 64,521

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 12,228 12,245
Taxation and social security 274,995 165,995
Other creditors 38,664 33,435
325,887 211,675

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
24,000 Ordinary £1 24,000 24,000

9. RELATED PARTY DISCLOSURES

There was no ultimate controlling party during the year.