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REGISTERED NUMBER: 08375193 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Leawood Builders (Leicester) Limited

Leawood Builders (Leicester) Limited (Registered number: 08375193)

Contents of the Financial Statements
for the Year Ended 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Leawood Builders (Leicester) Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: P R Norman
Mrs B S Norman





REGISTERED OFFICE: The Oval
57 New Walk
Leicester
Leicestershire
LE1 7EA





REGISTERED NUMBER: 08375193 (England and Wales)






Leawood Builders (Leicester) Limited (Registered number: 08375193)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
Fixed assets
Intangible assets 3 300,000 320,000
Tangible assets 4 33,527 38,855
333,527 358,855

Current assets
Stocks 188,065 173,101
Debtors 5 181,515 177,689
Cash at bank - 16,259
369,580 367,049
Creditors
Amounts falling due within one year 6 423,825 454,617
Net current liabilities (54,245 ) (87,568 )
Total assets less current liabilities 279,282 271,287

Capital and reserves
Called up share capital 100 100
Retained earnings 279,182 271,187
Shareholders' funds 279,282 271,287

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 7 September 2023 and were signed on its behalf by:



P R Norman - Director


Leawood Builders (Leicester) Limited (Registered number: 08375193)

Notes to the Financial Statements
for the Year Ended 31 March 2023


1. 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 0, is being amortised evenly over its estimated useful life of nil 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.

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.

2. Employees and directors

The average number of employees during the year was 17 (2022 - 18 ) .

Leawood Builders (Leicester) Limited (Registered number: 08375193)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


3. Intangible fixed assets
Goodwill
£   
Cost
At 1 April 2022
and 31 March 2023 400,000
Amortisation
At 1 April 2022 80,000
Charge for year 20,000
At 31 March 2023 100,000
Net book value
At 31 March 2023 300,000
At 31 March 2022 320,000

4. Tangible fixed assets
Plant and
machinery
etc
£   
Cost
At 1 April 2022 74,811
Additions 3,300
Disposals (3,161 )
At 31 March 2023 74,950
Depreciation
At 1 April 2022 35,956
Charge for year 7,799
Eliminated on disposal (2,332 )
At 31 March 2023 41,423
Net book value
At 31 March 2023 33,527
At 31 March 2022 38,855

5. Debtors: amounts falling due within one year
31.3.23 31.3.22
£    £   
Trade debtors 181,515 177,689

Leawood Builders (Leicester) Limited (Registered number: 08375193)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


6. Creditors: amounts falling due within one year
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 73,137 12,849
Trade creditors 128,497 120,842
Taxation and social security 39,956 64,905
Other creditors 182,235 256,021
423,825 454,617