REGISTERED NUMBER: 06771266 (England and Wales)

NEW LEAF PLANTS LTD

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

7

DIRECTOR:

D F Higginson

REGISTERED OFFICE:

Ross House

The Square

Stow On The Wold

Gloucestershire

GL54 1AF

REGISTERED NUMBER:

06771266 (England and Wales)

ACCOUNTANTS:

William Hinton Limited

Chartered Accountants

Ross House

The Square

Stow On The Wold

Gloucestershire

GL54 1AF

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

748,108

865,870

748,108

865,870

CURRENT ASSETS

Stocks

3,400,300

3,412,857

Debtors

6

1,634,102

1,751,386

Cash at bank and in hand

101,971

284

5,136,373

5,164,527

CREDITORS

Amounts falling due within one year

7

1,284,674

1,143,335

NET CURRENT ASSETS

3,851,699

4,021,192

TOTAL ASSETS LESS CURRENT LIABILITIES

4,599,807

4,887,062

CREDITORS

Amounts falling due after more than one year

8

(524,076

)

(357,040

)

PROVISIONS FOR LIABILITIES

(99,092

)

(99,092

)

NET ASSETS

3,976,639

4,430,930

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

3,976,539

4,430,830

SHAREHOLDERS' FUNDS

3,976,639

4,430,930

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 director acknowledges his 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 director and authorised for issue on 4 November 2025 and were signed by:

D F Higginson - Director

1.	STATUTORY INFORMATION

New Leaf Plants Ltd 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

-

10% on reducing balance

Plant and machinery

-

25% 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.

Hire purchase and leasing commitments

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 49 (2023 - 53 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

840,000

AMORTISATION

At 1 January 2024

and 31 December 2024

840,000

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 January 2024

500,343

1,608,073

7,288

Additions

-

107,227

-

Disposals

-

(76,669

)

-

At 31 December 2024

500,343

1,638,631

7,288

DEPRECIATION

At 1 January 2024

300,764

1,135,090

3,964

Charge for year

19,959

99,105

693

Eliminated on disposal

-

(58,448

)

-

At 31 December 2024

320,723

1,175,747

4,657

NET BOOK VALUE

At 31 December 2024

179,620

462,884

2,631

At 31 December 2023

199,579

472,983

3,324

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2024

258,059

34,631

2,408,394

Additions

37,025

549

144,801

Disposals

(118,655

)

-

(195,324

)

At 31 December 2024

176,429

35,180

2,357,871

DEPRECIATION

At 1 January 2024

76,349

26,357

1,542,524

Charge for year

27,831

2,137

149,725

Eliminated on disposal

(24,038

)

-

(82,486

)

At 31 December 2024

80,142

28,494

1,609,763

NET BOOK VALUE

At 31 December 2024

96,287

6,686

748,108

At 31 December 2023

181,710

8,274

865,870

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

95,237

211,685

Amounts owed by participating interests

1,538,865

1,528,165

Other debtors

-

11,536

1,634,102

1,751,386

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

906,034

504,165

Hire purchase contracts

21,858

43,434

Trade creditors

32,150

167,804

Taxation and social security

182,699

259,493

Other creditors

141,933

168,439

1,284,674

1,143,335

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

469,933

245,000

Hire purchase contracts

54,143

112,040

524,076

357,040

9.	ULTIMATE CONTROLLING PARTY

The company is controlled by DFH Estates Limited, a company incorporated in England and Wales.