REGISTERED NUMBER: 06762548 (England and Wales)

Lucksbridge Horticulture Limited

Unaudited Financial Statements for the Year Ended 31 December 2024

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

S J Ball

Mrs J Ball

REGISTERED OFFICE:

32 The Crescent

Spalding

Lincolnshire

PE11 1AF

REGISTERED NUMBER:

06762548 (England and Wales)

ACCOUNTANTS:

Salway and Wright

32 The Crescent

Spalding

Lincolnshire

PE11 1AF

FIXED ASSETS

Tangible assets

4

425,478

556,382

CURRENT ASSETS

Stocks

312,577

338,314

Debtors

5

376,981

212,252

Cash at bank

35,255

31,076

724,813

581,642

CREDITORS

Amounts falling due within one year

6

220,530

236,807

NET CURRENT ASSETS

504,283

344,835

TOTAL ASSETS LESS CURRENT LIABILITIES

929,761

901,217

CREDITORS

Amounts falling due after more than one year

7

794,859

794,859

NET ASSETS

134,902

106,358

CAPITAL AND RESERVES

Called up share capital

-

10,000

Retained earnings

134,902

96,358

SHAREHOLDERS' FUNDS

134,902

106,358

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.

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 25 September 2025 and were signed on its behalf by:

S J Ball - Director

Mrs J Ball - Director

1.	STATUTORY INFORMATION

Lucksbridge Horticulture 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.

Turnover

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

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

-

5% on reducing balance

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 16 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

to

Freehold

leasehold

property

property

Lagoon

£

£

£

COST

At 1 January 2024

505,414

76,498

29,572

Disposals

-

-

-

At 31 December 2024

505,414

76,498

29,572

DEPRECIATION

At 1 January 2024

134,252

14,607

14,622

Charge for year

18,477

6,252

2,141

At 31 December 2024

152,729

20,859

16,763

NET BOOK VALUE

At 31 December 2024

352,685

55,639

12,809

At 31 December 2023

371,162

61,891

14,950

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 January 2024

212,491

34,702

63,363

922,040

Disposals

-

(34,702

)

-

(34,702

)

At 31 December 2024

212,491

-

63,363

887,338

DEPRECIATION

At 1 January 2024

117,681

28,627

55,869

365,658

Charge for year

21,414

40,777

7,141

96,202

At 31 December 2024

139,095

69,404

63,010

461,860

NET BOOK VALUE

At 31 December 2024

73,396

(69,404

)

353

425,478

At 31 December 2023

94,810

6,075

7,494

556,382

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

376,981

124,041

Other debtors

-

88,211

376,981

212,252

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

21,524

27,409

Hire purchase contracts

19,528

25,594

Trade creditors

174,747

181,319

Taxation and social security

2,857

2,485

Other creditors

1,874

-

220,530

236,807

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Other creditors

794,859

794,859