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REGISTERED NUMBER: 01061853 (England and Wales)







B.H.LEAKE & SONS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024






B.H.LEAKE & SONS LIMITED (REGISTERED NUMBER: 01061853)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


B.H.LEAKE & SONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: B R Leake
L G Leake
D Rolinson
G Adams
A Leake





SECRETARY: L G Leake





REGISTERED OFFICE: 80 Dogpool Lane
Stirchley
Birmingham
B30 2XH





REGISTERED NUMBER: 01061853 (England and Wales)





ACCOUNTANTS: Prime
Chartered Accountants
Corner Oak
1 Homer Road
Solihull
B91 3QG

B.H.LEAKE & SONS LIMITED (REGISTERED NUMBER: 01061853)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 375,118 412,809

CURRENT ASSETS
Stocks 63,745 68,000
Debtors 5 421,893 370,299
Cash at bank and in hand 186,854 127,505
672,492 565,804
CREDITORS
Amounts falling due within one year 6 411,662 334,004
NET CURRENT ASSETS 260,830 231,800
TOTAL ASSETS LESS CURRENT
LIABILITIES

635,948

644,609

PROVISIONS FOR LIABILITIES 90,029 99,812
NET ASSETS 545,919 544,797

CAPITAL AND RESERVES
Called up share capital 32,000 32,000
Retained earnings 513,919 512,797
SHAREHOLDERS' FUNDS 545,919 544,797

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 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.

B.H.LEAKE & SONS LIMITED (REGISTERED NUMBER: 01061853)

BALANCE SHEET - continued
31 AUGUST 2024


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 12 February 2025 and were signed on its behalf by:





B R Leake - Director


B.H.LEAKE & SONS LIMITED (REGISTERED NUMBER: 01061853)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024


1. STATUTORY INFORMATION

B.H.Leake & Sons 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. 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.

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 - 4% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stock 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 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.

B.H.LEAKE & SONS LIMITED (REGISTERED NUMBER: 01061853)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet 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.

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 46 (2023 - 43 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 September 2023 120,632 1,375,412 44,378 44,032 1,584,454
Additions - 1,043 45 31,299 32,387
Disposals - - (3,780 ) (20,518 ) (24,298 )
At 31 August 2024 120,632 1,376,455 40,643 54,813 1,592,543
DEPRECIATION
At 1 September 2023 105,632 996,008 33,934 36,071 1,171,645
Charge for year - 57,002 827 6,958 64,787
Eliminated on disposal - - (3,449 ) (15,558 ) (19,007 )
At 31 August 2024 105,632 1,053,010 31,312 27,471 1,217,425
NET BOOK VALUE
At 31 August 2024 15,000 323,445 9,331 27,342 375,118
At 31 August 2023 15,000 379,404 10,444 7,961 412,809

Included in cost of land and buildings is freehold land of £ 15,000 (2023 - £ 15,000 ) which is not depreciated.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 391,129 339,672
Other debtors 30,764 30,627
421,893 370,299

B.H.LEAKE & SONS LIMITED (REGISTERED NUMBER: 01061853)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 113,752 110,350
Taxation and social security 163,811 103,221
Other creditors 134,099 120,433
411,662 334,004

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 41,514 43,114
Between one and five years 17,874 58,274
In more than five years 378 1,892
59,766 103,280