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REGISTERED NUMBER: 04129037 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

F.W. LEALAN & SON LIMITED

| F.W. LEALAN & SON LIMITED (REGISTERED NUMBER: 04129037) |

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 |

| F.W. LEALAN & SON LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2024

| DIRECTORS: | P F Lealan

| Mrs A E Winwood

| REGISTERED OFFICE: | The Nurseries

| Bridgnorth Road

| Shipley, Pattingham

| Wolverhampton

| West Midlands

| WV6 7EZ

| REGISTERED NUMBER: | 04129037 (England and Wales)

| ACCOUNTANTS: | Astbury Accountants Limited

| 12 Northgate

| Bridgnorth

| Shropshire

| WV16 4ER

| F.W. LEALAN & SON LIMITED (REGISTERED NUMBER: 04129037) |

BALANCE SHEET

31 DECEMBER 2024

| 2024 | 2023 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 599,450 |  | 613,041 |  |

CURRENT ASSETS

Stocks | 242,177 |  | 229,330 |  |

Debtors | 5 | 19,288 |  | 19,534 |  |

Cash at bank and in hand | 60,093 |  | 69,091 |  |

321,558 |  | 317,955 |  |

CREDITORS

Amounts falling due within one year | 6 | 431,979 |  | 402,740 |  |

NET CURRENT LIABILITIES | (110,421 | ) | (84,785 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 489,029 |  | 528,256 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (30,886 | ) | (26,332 | ) |

PROVISIONS FOR LIABILITIES | (77,318 | ) | (65,559 | ) |

NET ASSETS | 380,825 |  | 436,365 |  |

CAPITAL AND RESERVES

Called up share capital | 8 | 84,000 |  | 84,000 |  |

Revaluation reserve | 9 | 175,010 |  | 175,010 |  |

Retained earnings | 121,815 |  | 177,355 |  |

SHAREHOLDERS' FUNDS | 380,825 |  | 436,365 |  |

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.

| F.W. LEALAN & SON LIMITED (REGISTERED NUMBER: 04129037) |

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 20 August 2025 and were signed on its behalf by:

P F Lealan - Director

Mrs A E Winwood - Director

| F.W. LEALAN & SON LIMITED (REGISTERED NUMBER: 04129037) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1. | STATUTORY INFORMATION

| F.W. Lealan & 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.

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

| The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts supported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

| The judgements that the management have made in the process of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements are as follows:

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates and value added tax.

| Turnover from the sale of plants, fertilizers and chemicals, garden furniture and equipment, is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on receipt of payment.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Land and buildings | - | in accordance with the property

| Plant and machinery etc | - | 33% on reducing balance, 25% on reducing balance and 10% on reducing balance

| Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Financial instruments

| (i) Cash and cash Equivalents

| Cash and cash equivalents are basic financial instruments and include cash in hand, deposits held at call with banks, and bank overdrafts.

| (ii) Debtors and creditors receivable/payable within one year

| Debtors and creditors with no stated interest rate and receivable or payable within one year are stated at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

| F.W. LEALAN & SON LIMITED (REGISTERED NUMBER: 04129037) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

2. | ACCOUNTING POLICIES - continued

| 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.

| 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.

| Hire purchase and leasing commitments

| Assets acquired under hire purchase are capitalised and depreciated over the expected useful life of the asset. Hire purchase payments are apportioned between the finance charge and the reduction of the outstanding hire purchase liability using the effective interest method. The related obligations, net of future finance charges, are included in creditors.

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| 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.

| Impairment

| Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the assets cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in the profit and loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 17 (2023 - 17 ) .

| F.W. LEALAN & SON LIMITED (REGISTERED NUMBER: 04129037) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

4. | TANGIBLE FIXED ASSETS

| Plant and |

| Land and |  | machinery |

| buildings |  | etc |  | Totals

£ | £ | £ |

| COST

| At 1 January 2024 | 431,979 |  | 506,049 |  | 938,028 |  |

| Additions | 2,437 |  | 57,445 |  | 59,882 |  |

| Disposals | - |  | (33,725 | ) | (33,725 | ) |

| At 31 December 2024 | 434,416 |  | 529,769 |  | 964,185 |  |

| DEPRECIATION

| At 1 January 2024 | 81,589 |  | 243,398 |  | 324,987 |  |

| Charge for year | 5,057 |  | 40,241 |  | 45,298 |  |

| Eliminated on disposal | - |  | (5,550 | ) | (5,550 | ) |

| At 31 December 2024 | 86,646 |  | 278,089 |  | 364,735 |  |

| NET BOOK VALUE

| At 31 December 2024 | 347,770 |  | 251,680 |  | 599,450 |  |

| At 31 December 2023 | 350,390 |  | 262,651 |  | 613,041 |  |

| Included in cost of land and buildings is freehold land of £ 100,000 (2023 - £ 100,000 ) which is not depreciated.

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Other debtors | 19,288 |  | 19,534 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Hire purchase contracts | 10,056 |  | 9,177 |  |

| Trade creditors | 102,885 |  | 117,633 |  |

| Taxation and social security | 34,165 |  | 18,727 |  |

| Other creditors | 284,873 |  | 257,203 |  |

431,979 |  | 402,740 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2024 | 2023 |

£ | £ |

| Hire purchase contracts | 30,886 |  | 26,332 |  |

8. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2024 | 2023 |

| value: | £ | £ |

| 84,000 | Ordinary | 1 | 84,000 |  | 84,000 |  |

| F.W. LEALAN & SON LIMITED (REGISTERED NUMBER: 04129037) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

9. | RESERVES

| Revaluation

| reserve

£ |

| At 1 January 2024

| and 31 December 2024 | 175,010 |  |

10. | OTHER FINANCIAL COMMITMENTS

| Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £5,980 (2023 £11,500).