Company registration number 13483400 (England and Wales)
L4 AGRICULTURE LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
PAGES FOR FILING WITH REGISTRAR
L4 AGRICULTURE LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 6
L4 AGRICULTURE LTD
BALANCE SHEET
AS AT
31 MARCH 2026
31 March 2026
- 1 -
2026
2025
Notes
£
£
£
£
Fixed assets
Tangible assets
3
404,985
251,226
Current assets
Stocks
51,578
49,128
Debtors
4
81,517
123,408
Cash at bank and in hand
66,806
5,883
199,901
178,419
Creditors: amounts falling due within one year
5
(204,727)
(174,429)
Net current (liabilities)/assets
(4,826)
3,990
Total assets less current liabilities
400,159
255,216
Creditors: amounts falling due after more than one year
6
(75,020)
(60,297)
Net assets
325,139
194,919
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
325,039
194,819
Total equity
325,139
194,919

For the financial year ended 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 3 June 2026
R Lanfear
Director
Company registration number 13483400 (England and Wales)
L4 AGRICULTURE LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
- 2 -
1
Accounting policies
Company information

L4 Agriculture Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 4th Floor, Llanthony Warehouse, The Docks, Gloucester, Gloucestershire, United Kingdom, GL1 2EH.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Revenue

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
25% on reducing balance
Computers
33% on straight line
Motor vehicles
25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

L4 AGRICULTURE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
1
Accounting policies
(Continued)
- 3 -
1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

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 company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

L4 AGRICULTURE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
1
Accounting policies
(Continued)
- 4 -
1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.9
Leases
As lessee

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2026
2025
Number
Number
Total
1
1
L4 AGRICULTURE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 5 -
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2025
345,506
Additions
393,770
Disposals
(140,450)
At 31 March 2026
598,826
Depreciation and impairment
At 1 April 2025
94,280
Depreciation charged in the year
135,087
Eliminated in respect of disposals
(35,526)
At 31 March 2026
193,841
Carrying amount
At 31 March 2026
404,985
At 31 March 2025
251,226
4
Debtors
2026
2025
Amounts falling due within one year:
£
£
Trade debtors
25,114
123,408
Other debtors
56,403
-
0
81,517
123,408
5
Creditors: amounts falling due within one year
2026
2025
£
£
Trade creditors
39,548
15,779
Taxation and social security
(1,628)
3,541
Other creditors
166,807
155,109
204,727
174,429
6
Creditors: amounts falling due after more than one year
2026
2025
£
£
Other creditors
75,020
60,297
L4 AGRICULTURE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 6 -
7
Called up share capital
2026
2025
2026
2025
Ordinary share capital
Number
Number
£
£
Issued and fully paid
A Ordinary of £1 each
96
96
96
96
B Ordinary of £1 each
1
1
1
1
C Ordinary of £1 each
1
1
1
1
D Ordinary of £1 each
1
1
1
1
E Ordinary of £1 each
1
1
1
1
100
100
100
100
8
Directors' transactions

At the year end the director, Ryan Lanfear, was owed £108,660 ( 2025 - £136,190 ) by the company, for which there are no fixed repayment terms and no interest charged.

2026-03-31 2025-04-01 false false false 03 June 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity R Lanfear 13483400 2025-04-01 2026-03-31 13483400 2026-03-31 13483400 2025-03-31 13483400 core:OtherPropertyPlantEquipment 2026-03-31 13483400 core:OtherPropertyPlantEquipment 2025-03-31 13483400 core:CurrentFinancialInstruments core:WithinOneYear 2026-03-31 13483400 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 13483400 core:Non-currentFinancialInstruments core:AfterOneYear 2026-03-31 13483400 core:Non-currentFinancialInstruments core:AfterOneYear 2025-03-31 13483400 core:CurrentFinancialInstruments 2026-03-31 13483400 core:CurrentFinancialInstruments 2025-03-31 13483400 core:ShareCapital 2026-03-31 13483400 core:ShareCapital 2025-03-31 13483400 core:RetainedEarningsAccumulatedLosses 2026-03-31 13483400 core:RetainedEarningsAccumulatedLosses 2025-03-31 13483400 core:ShareCapitalOrdinaryShareClass1 2026-03-31 13483400 core:ShareCapitalOrdinaryShareClass1 2025-03-31 13483400 core:ShareCapitalOrdinaryShareClass2 2026-03-31 13483400 core:ShareCapitalOrdinaryShareClass2 2025-03-31 13483400 core:ShareCapitalOrdinaryShareClass3 2026-03-31 13483400 core:ShareCapitalOrdinaryShareClass3 2025-03-31 13483400 core:ShareCapitalOrdinaryShareClass4 2026-03-31 13483400 core:ShareCapitalOrdinaryShareClass4 2025-03-31 13483400 core:ShareCapitalOrdinaryShareClass5 2026-03-31 13483400 core:ShareCapitalOrdinaryShareClass5 2025-03-31 13483400 core:ShareCapitalOrdinaryShares 2026-03-31 13483400 core:ShareCapitalOrdinaryShares 2025-03-31 13483400 bus:Director1 2025-04-01 2026-03-31 13483400 core:PlantMachinery 2025-04-01 2026-03-31 13483400 core:ComputerEquipment 2025-04-01 2026-03-31 13483400 core:MotorVehicles 2025-04-01 2026-03-31 13483400 2024-04-01 2025-03-31 13483400 core:OtherPropertyPlantEquipment 2025-03-31 13483400 core:OtherPropertyPlantEquipment 2025-04-01 2026-03-31 13483400 core:Non-currentFinancialInstruments 2026-03-31 13483400 core:Non-currentFinancialInstruments 2025-03-31 13483400 bus:OrdinaryShareClass1 2025-04-01 2026-03-31 13483400 bus:OrdinaryShareClass2 2025-04-01 2026-03-31 13483400 bus:OrdinaryShareClass3 2025-04-01 2026-03-31 13483400 bus:OrdinaryShareClass4 2025-04-01 2026-03-31 13483400 bus:OrdinaryShareClass5 2025-04-01 2026-03-31 13483400 bus:OrdinaryShareClass1 2026-03-31 13483400 bus:OrdinaryShareClass1 2025-03-31 13483400 bus:OrdinaryShareClass2 2026-03-31 13483400 bus:OrdinaryShareClass2 2025-03-31 13483400 bus:OrdinaryShareClass3 2026-03-31 13483400 bus:OrdinaryShareClass3 2025-03-31 13483400 bus:OrdinaryShareClass4 2026-03-31 13483400 bus:OrdinaryShareClass4 2025-03-31 13483400 bus:OrdinaryShareClass5 2026-03-31 13483400 bus:OrdinaryShareClass5 2025-03-31 13483400 bus:AllOrdinaryShares 2026-03-31 13483400 bus:AllOrdinaryShares 2025-03-31 13483400 bus:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 13483400 bus:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-31 13483400 bus:FRS102 2025-04-01 2026-03-31 13483400 bus:AuditExemptWithAccountantsReport 2025-04-01 2026-03-31 13483400 bus:FullAccounts 2025-04-01 2026-03-31 xbrli:pure xbrli:shares iso4217:GBP