IRIS Accounts Production v24.1.9.2 SC291344 Board of Directors 1.11.22 31.10.23 31.10.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC2913442022-10-31SC2913442023-10-31SC2913442022-11-012023-10-31SC2913442021-10-31SC2913442021-11-012022-10-31SC2913442022-10-31SC291344ns15:Scotland2022-11-012023-10-31SC291344ns14:PoundSterling2022-11-012023-10-31SC291344ns10:Director12022-11-012023-10-31SC291344ns10:PrivateLimitedCompanyLtd2022-11-012023-10-31SC291344ns10:SmallEntities2022-11-012023-10-31SC291344ns10:AuditExempt-NoAccountantsReport2022-11-012023-10-31SC291344ns10:SmallCompaniesRegimeForDirectorsReport2022-11-012023-10-31SC291344ns10:SmallCompaniesRegimeForAccounts2022-11-012023-10-31SC291344ns10:AbridgedAccounts2022-11-012023-10-31SC291344ns5:CurrentFinancialInstruments2023-10-31SC291344ns5:CurrentFinancialInstruments2022-10-31SC291344ns5:Non-currentFinancialInstruments2023-10-31SC291344ns5:Non-currentFinancialInstruments2022-10-31SC291344ns5:ShareCapital2023-10-31SC291344ns5:ShareCapital2022-10-31SC291344ns5:RevaluationReserve2023-10-31SC291344ns5:RevaluationReserve2022-10-31SC291344ns5:RetainedEarningsAccumulatedLosses2023-10-31SC291344ns5:RetainedEarningsAccumulatedLosses2022-10-31SC291344ns10:RegisteredOffice2022-11-012023-10-31SC291344ns5:OwnedOrFreeholdAssetsns5:LandBuildings2022-11-012023-10-31SC291344ns5:PlantMachinery2022-11-012023-10-31SC291344ns5:FurnitureFittings2022-11-012023-10-31SC291344ns5:MotorVehicles2022-11-012023-10-31SC291344ns5:ComputerEquipment2022-11-012023-10-31SC291344ns5:Secured2023-10-31SC291344ns5:Secured2022-10-31SC291344ns5:RevaluationReserve2022-10-31
REGISTERED NUMBER: SC291344 (Scotland)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

LEESON COACHWORKS LIMITED

LEESON COACHWORKS LIMITED (REGISTERED NUMBER: SC291344)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2023




Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


LEESON COACHWORKS LIMITED (REGISTERED NUMBER: SC291344)

ABRIDGED BALANCE SHEET
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 124,018 143,720

CURRENT ASSETS
Stocks 35,379 26,221
Debtors 162,464 155,226
Cash at bank 89,243 80,994
287,086 262,441
CREDITORS
Amounts falling due within one year 359,569 241,368
NET CURRENT (LIABILITIES)/ASSETS (72,483 ) 21,073
TOTAL ASSETS LESS CURRENT
LIABILITIES

51,535

164,793

CREDITORS
Amounts falling due after more than one
year

5

-

(56,193

)

PROVISIONS FOR LIABILITIES (579 ) (579 )
NET ASSETS 50,956 108,021

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 7 50,407 50,407
Retained earnings 449 57,514
SHAREHOLDERS' FUNDS 50,956 108,021

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

LEESON COACHWORKS LIMITED (REGISTERED NUMBER: SC291344)

ABRIDGED BALANCE SHEET - continued
31 October 2023


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 October 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 30 July 2024 and were signed on its behalf by:





D Leeson - Director


LEESON COACHWORKS LIMITED (REGISTERED NUMBER: SC291344)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Leeson Coachworks Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address are as below:

Registered number: SC291344

Registered office: 32 Garrell Place
Burnside Industrial Estate
Kilsyth
North Lanarkshire
G65 9JX

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 and revenue recognition
Turnover represents net invoiced sales of goods and services, excluding VAT. Revenue is recognised when goods and services are provided to the customer.

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 - in accordance with the property
Plant and machinery - 10% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

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.

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 18 (2022 - 12 ) .

LEESON COACHWORKS LIMITED (REGISTERED NUMBER: SC291344)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2022
and 31 October 2023 414,950
DEPRECIATION
At 1 November 2022 271,230
Charge for year 19,702
At 31 October 2023 290,932
NET BOOK VALUE
At 31 October 2023 124,018
At 31 October 2022 143,720

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
31.10.23 31.10.22
£    £   
Repayable by instalments
Bank loans more 5 yr by instal - 12,401

6. SECURED DEBTS

The following secured debts are included within creditors:

31.10.23 31.10.22
£    £   
Bank loans 50,964 66,717

The bank loans and overdraft are secured by a floating charge over its whole property.

7. RESERVES
Revaluation
reserve
£   
At 1 November 2022
and 31 October 2023 50,407

8. ULTIMATE CONTROLLING PARTY

The controlling party is D Leeson.

The company is controlled by the directors.