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REGISTERED NUMBER: 03571313 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2025

for

LEARY BROTHERS LIMITED

LEARY BROTHERS LIMITED (REGISTERED NUMBER: 03571313)

Contents of the Financial Statements
for the Year Ended 31 March 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LEARY BROTHERS LIMITED

Company Information
for the Year Ended 31 March 2025







DIRECTORS: C V Leary
Mrs J Leary





SECRETARY: Mrs J Leary





REGISTERED OFFICE: 153-155 London Road
Hemel Hempstead
Hertfordshire
HP3 9SQ





REGISTERED NUMBER: 03571313 (England and Wales)

LEARY BROTHERS LIMITED (REGISTERED NUMBER: 03571313)

Balance Sheet
31 March 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 129,936 80,866

CURRENT ASSETS
Stocks 879,547 489,852
Debtors 5 1,182,769 615,849
Cash at bank 1,350,438 1,443,291
3,412,754 2,548,992
CREDITORS
Amounts falling due within one year 6 2,083,747 1,640,931
NET CURRENT ASSETS 1,329,007 908,061
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,458,943

988,927

CREDITORS
Amounts falling due after more than one
year

7

(1,060

)

(13,926

)

PROVISIONS FOR LIABILITIES 8 (32,484 ) -
NET ASSETS 1,425,399 975,001

CAPITAL AND RESERVES
Called up share capital 9 2 2
Capital redemption reserve 10 1 1
Retained earnings 10 1,425,396 974,998
SHAREHOLDERS' FUNDS 1,425,399 975,001

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

LEARY BROTHERS LIMITED (REGISTERED NUMBER: 03571313)

Balance Sheet - continued
31 March 2025


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 30 April 2025 and were signed on its behalf by:





Mrs J Leary - Director


LEARY BROTHERS LIMITED (REGISTERED NUMBER: 03571313)

Notes to the Financial Statements
for the Year Ended 31 March 2025


1. STATUTORY INFORMATION

Leary Brothers 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 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Motor vehicles - 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Assets acquired under hire purchase agreements and finance leases are capitalised in the balance sheet and are depreciated in accordance with the company's normal policy. The outstanding liabilities under such agreements less interest not yet due are included in creditors. Interest on such agreements is charged to the profit and loss account over the term of each agreement and represents a constant proportion of the balance of capital repayments outstanding.

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.

Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company, therefore, continues to adopt the going concern basis in preparing its financial statements.

LEARY BROTHERS LIMITED (REGISTERED NUMBER: 03571313)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 12 ) .

4. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
At 1 April 2024 226,753
Additions 77,970
At 31 March 2025 304,723
DEPRECIATION
At 1 April 2024 145,887
Charge for year 28,900
At 31 March 2025 174,787
NET BOOK VALUE
At 31 March 2025 129,936
At 31 March 2024 80,866

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2024
and 31 March 2025 35,280
DEPRECIATION
At 1 April 2024 8,844
Charge for year 8,820
At 31 March 2025 17,664
NET BOOK VALUE
At 31 March 2025 17,616
At 31 March 2024 26,436

LEARY BROTHERS LIMITED (REGISTERED NUMBER: 03571313)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 1,161,520 597,327
Other debtors 21,249 18,522
1,182,769 615,849

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Hire purchase contracts 12,328 11,455
Trade creditors 342,210 251,953
Taxation and social security 517,020 366,170
Other creditors 1,212,189 1,011,353
2,083,747 1,640,931

Other creditors includes an amount of £945,633 (2024: £834,972), which represents work billed on account of projects that were incomplete at the year end.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Hire purchase contracts 1,060 13,926

8. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax
Accelerated capital allowances 32,484 -

Deferred
tax
£   
Provided during year 32,484
Balance at 31 March 2025 32,484

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
2 Ordinary £1 2 2

LEARY BROTHERS LIMITED (REGISTERED NUMBER: 03571313)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025


9. CALLED UP SHARE CAPITAL - continued

During the year, one ordinary share was cancelled on the purchase of the share out of reserves by the company.

10. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 April 2024 974,998 1 974,999
Profit for the year 596,398 596,398
Dividends (146,000 ) (146,000 )
At 31 March 2025 1,425,396 1 1,425,397

11. PURCHASE OF OWN SHARES

On 2nd August 2023, the company purchased the share of S Leary out of distributable reserves for an amount of £574,992. His share in the company was transferred to a capital redemption reserve.