REGISTERED NUMBER: 05729536 (England and Wales)

L & D Flowers Limited

Unaudited Financial Statements

for the Year Ended 30 April 2025

Page

Company information

1

Chartered accountants' report

2

Statement of financial position

3

to

4

Notes to the financial statements

5

to

12

Directors:

Mr J A Lacey

Mr R A Lacey

Mrs J Lacey

Miss L S Cook

Mr R E Stevenson

Secretary:

Mrs J Lacey

Registered office:

The Poplars

Herdgate Lane

Pinchbeck

Spalding

Lincolnshire

PE11 3UP

Registered number:

05729536 (England and Wales)

Accountants:

Moore Thompson

Bank House

Broad Street

Spalding

Lincolnshire

PE11 1TB

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of financial position. Readers are cautioned that the Income statement and certain other primary statements and the Directors' report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of L & D Flowers Limited for the year ended 30 April 2025 which comprise the Statement of income and retained earnings, Statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of L & D Flowers Limited, as a body, in accordance with the terms of our engagement letter dated 17 August 2018. Our work has been undertaken solely to prepare for your approval the financial statements of L & D Flowers Limited and state those matters that we have agreed to state to the Board of Directors of L & D Flowers Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than L & D Flowers Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that L & D Flowers Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of L & D Flowers Limited. You consider that L & D Flowers 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 financial statements of L & D Flowers 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 financial statements.

Moore Thompson

Bank House

Broad Street

Spalding

Lincolnshire

PE11 1TB

8 December 2025

Fixed assets

Intangible assets

5

2,374

3,860

Tangible assets

6

3,461,600

2,798,387

Investments

7

50

50

3,464,024

2,802,297

Current assets

Stocks

3,016,026

2,388,948

Debtors

8

1,304,616

920,143

Cash at bank

7

7

4,320,649

3,309,098

Creditors

Amounts falling due within one year

9

5,096,231

3,224,734

Net current (liabilities)/assets

(775,582

)

84,364

Total assets less current liabilities

2,688,442

2,886,661

Creditors

Amounts falling due after more than one year

10

(1,362,398

)

(1,644,283

)

Provisions for liabilities

(339,733

)

(314,922

)

Net assets

986,311

927,456

Capital and reserves

Called up share capital

12

300

300

Retained earnings

986,011

927,156

Shareholders' funds

986,311

927,456

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 December 2025 and were signed on its behalf by:

Mr J A Lacey - Director

Miss L S Cook - Director

Mrs J Lacey - Director

Mr R A Lacey - Director

Mr R E Stevenson - Director

1.	Statutory information

L & D Flowers 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.	Statement of compliance

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.

3.	Accounting policies

Basis of preparing the financial statements

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Farm support income

Monies received and receivable from the Rural Payments Agency in respect of the Basic Payment Scheme and the Environmental Stewardship Scheme are recognised as other operating income in the period to which they relate.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.

Intangible assets acquired as part of a business combination are recorded at the fair value at the acquisition date.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

Entitlements - 5 years straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Depreciation

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

Freehold property

-

not depreciated

Plant and machinery

-

15% - 33% on reducing balance and 5 years straight line

Motor vehicles

-

25% on reducing balance

Office equipment

-

5 years straight line

Depreciation is not provided on freehold property where, in the opinion of the directors, the residual value of that property is such that any depreciation charge would be immaterial.

Tangible fixed assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

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 Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.

Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Lease income is recognised in profit or loss on a straight line basis over the lease term. The aggregate cost of lease incentives are recognised as a reduction to income over the lease term on a straight-line basis. Costs, including depreciation, incurred in earning the lease income are recognised as an expense. Any initial direct costs incurred in negotiating and arranging the operating lease are added to the carrying amount of the lease and recognised as an expense over the lease term on the same basis as the lease income.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

4.	Employees and directors

The average number of employees during the year was 29 (2024 - 31 ) .

5.	Intangible fixed assets

Other

intangible

assets

£

Cost

At 1 May 2024

and 30 April 2025

12,626

Amortisation

At 1 May 2024

8,766

Charge for year

1,486

At 30 April 2025

10,252

Net book value

At 30 April 2025

2,374

At 30 April 2024

3,860

6.	Tangible fixed assets

Freehold

Plant and

Motor

Office

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

Cost

At 1 May 2024

911,283

3,113,236

67,840

11,660

4,104,019

Additions

-

1,039,329

-

1,850

1,041,179

Disposals

-

(97,730

)

-

-

(97,730

)

At 30 April 2025

911,283

4,054,835

67,840

13,510

5,047,468

Depreciation

At 1 May 2024

-

1,282,940

18,588

4,104

1,305,632

Charge for year

-

328,334

12,313

2,581

343,228

Eliminated on disposal

-

(62,992

)

-

-

(62,992

)

At 30 April 2025

-

1,548,282

30,901

6,685

1,585,868

Net book value

At 30 April 2025

911,283

2,506,553

36,939

6,825

3,461,600

At 30 April 2024

911,283

1,830,296

49,252

7,556

2,798,387

7.	Investments

Other

investments

other

than

loans

£

Cost

At 1 May 2024

and 30 April 2025

50

Net book value

At 30 April 2025

50

At 30 April 2024

50

8.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

537,392

299,121

Other debtors

47

-

Directors' current accounts

2,896

3,625

Corporation tax

77,274

-

VAT

286,886

138,249

Prepayments and accrued income

400,121

479,148

1,304,616

920,143

9.

Creditors: amounts falling due within one year

2025

2024

£

£

Bank loans and overdrafts

932,934

613,319

Hire purchase contracts (see note 11)

500,389

421,798

Trade creditors

3,298,232

1,795,864

Social security and other taxes

10,467

25,323

Pension

9,700

6,057

Amounts owed to related

parties

199,825

172,535

Other creditors

-

17,290

Directors' current accounts

25,140

44,683

Accruals and deferred income

119,544

127,865

5,096,231

3,224,734

Included above are amounts due in relation to bank loans and overdrafts and hire purchase agreements. The bank loan and overdraft is secured by fixed and floating charges over the company's property and its undertakings. The hire purchase agreements are secured against the assets to which they relate.

10.

Creditors: amounts falling due after more than one year

2025

2024

£

£

Bank loans

523,192

637,636

Hire purchase contracts (see note 11)

795,961

927,112

Other creditors

43,245

79,535

1,362,398

1,644,283

Included above are amounts due in relation to bank loans and hire purchase agreements. The bank loan is secured by fixed and floating charges over the company's property and its undertakings. The hire purchase agreements are secured against the assets to which they relate.

Included within creditors: amounts falling due after more than one year is an amount of £385,109 (2024: £429,849) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.

11.	Leasing agreements

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

500,389

421,798

Between one and five years

795,961

927,112

1,296,350

1,348,910

Non-cancellable

operating leases

2025

2024

£

£

Within one year

730,958

586,776

Between one and five years

1,225,758

547,709

In more than five years

159,979

-

2,116,695

1,134,485

12.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary A shares

£1

100

100

200

Ordinary B shares

£1

200

200

300

300

13.	Directors' advances, credits and guarantees

At 30 April 2025 a director owed the company £2,896 (2024 - £3,625) in respect of their director's loan account.