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REGISTERED NUMBER: 04684673 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Leach & Clegg Limited

Leach & Clegg Limited (Registered number: 04684673)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Leach & Clegg Limited

Company Information
for the Year Ended 30 June 2023







DIRECTOR: J P Clegg





REGISTERED OFFICE: Lily St Mills
Milnrow
Rochdale
Lancashire
OL16 3NQ





REGISTERED NUMBER: 04684673 (England and Wales)





ACCOUNTANTS: PKW Chartered Accountants LLP
Cloth Hall
150 Drake Street
Rochdale
Lancashire
OL16 1PX

Leach & Clegg Limited (Registered number: 04684673)

Balance Sheet
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 15,405 19,216
15,405 19,216

CURRENT ASSETS
Stocks and Work in Progress 13,375 12,621
Debtors 6 12,581 33,007
Investments 7 360,000 360,000
Cash at bank 132,477 125,381
518,433 531,009
CREDITORS
Amounts falling due within one year 8 79,846 75,117
NET CURRENT ASSETS 438,587 455,892
TOTAL ASSETS LESS CURRENT
LIABILITIES

453,992

475,108

PROVISIONS FOR LIABILITIES 2,927 3,651
NET ASSETS 451,065 471,457

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 450,965 471,357
SHAREHOLDERS' FUNDS 451,065 471,457

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 November 2023 and were signed by:





J P Clegg - Director


Leach & Clegg Limited (Registered number: 04684673)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Leach & Clegg 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 represents the value of goods and services supplied to customers during the year and net of Value Added Tax.

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.
Plant, Machinery and Computer - 15% on reducing balance
Fixtures and Fittings - 15% on reducing balance
Motor Vehicles - 25% on reducing balance

Stocks
Stocks and work in progress 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 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.

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 3 (2022 - 3 ) .

Leach & Clegg Limited (Registered number: 04684673)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2022
and 30 June 2023 70,000
AMORTISATION
At 1 July 2022
and 30 June 2023 70,000
NET BOOK VALUE
At 30 June 2023 -
At 30 June 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2022
and 30 June 2023 99,467
DEPRECIATION
At 1 July 2022 80,251
Charge for year 3,811
At 30 June 2023 84,062
NET BOOK VALUE
At 30 June 2023 15,405
At 30 June 2022 19,216

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,467 17,124
Other debtors 10,114 15,883
12,581 33,007

7. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Other 360,000 360,000

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 26,669 19,497
Taxation and social security 6,123 47,236
Other creditors 47,054 8,384
79,846 75,117

Leach & Clegg Limited (Registered number: 04684673)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

9. RELATED PARTY DISCLOSURES

Goods to the value of £41,999 (2022 - £70,478) and management fees to the value of £1,770 (2022 - £4,302) were invoiced to Leach & Clegg Joinery Ltd. An amount of £1,687 (2022- £9,150) was outstanding at the year end in relation to this trading.

Other creditors include an amount of £2,822 (2022 - £1,492) owed by Leach & Clegg Joinery Ltd at the year end.

Leach & Clegg Ltd & Leach & Clegg Joinery Ltd are both under common control.

10. ULTIMATE CONTROLLING PARTY

The company is controlled by Mr J.P.Clegg..