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REGISTERED NUMBER: 00467249 (England and Wales)














Leeson's Garage Limited

Unaudited Financial Statements

for the Year Ended 31 December 2024






Leeson's Garage Limited (Registered number: 00467249)

Contents of the Financial Statements
for the Year Ended 31 December 2024










Page

Company information 1

Chartered accountants' report 2

Statement of financial position 3

Notes to the financial statements 5


Leeson's Garage Limited

Company Information
for the Year Ended 31 December 2024







Directors: J A Cooper
S Cooper





Registered office: Railway Lane
Sutton Bridge
Spalding
Lincolnshire
PE12 9XD





Registered number: 00467249 (England and Wales)





Accountants: Moore Thompson
Monica House
St Augustines Road
Wisbech
Cambridgeshire
PE13 3AD

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Leeson's Garage Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of financial position. Readers are cautioned that the Income statement and certain other primary statements and the Directors' report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Leeson's Garage Limited for the year ended 31 December 2024 which comprise the Statement of income and retained earnings, Statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Leeson's Garage Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Leeson's Garage Limited and state those matters that we have agreed to state to the Board of Directors of Leeson's Garage Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Leeson's Garage Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Leeson's Garage Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Leeson's Garage Limited. You consider that Leeson's Garage Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Leeson's Garage Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Moore Thompson
Monica House
St Augustines Road
Wisbech
Cambridgeshire
PE13 3AD


9 May 2025

Leeson's Garage Limited (Registered number: 00467249)

Statement of Financial Position
31 December 2024

2024 2023
Notes £    £    £   
Fixed assets
Tangible assets 5 464,593 441,481

Current assets
Stocks 465,127 477,219
Debtors 6 100,062 80,120
Cash at bank and in hand 576,617 651,399
1,141,806 1,208,738
Creditors
Amounts falling due within one year 7 109,783 185,759
Net current assets 1,032,023 1,022,979
Total assets less current liabilities 1,496,616 1,464,460

Provisions for liabilities 23,684 17,906
Net assets 1,472,932 1,446,554

Capital and reserves
Called up share capital 1,996 1,996
Retained earnings 1,470,936 1,444,558
1,472,932 1,446,554

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

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

Leeson's Garage Limited (Registered number: 00467249)

Statement of Financial Position - continued
31 December 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 May 2025 and were signed on its behalf by:





J A Cooper - Director


Leeson's Garage Limited (Registered number: 00467249)

Notes to the Financial Statements
for the Year Ended 31 December 2024


1. Statutory information

Leeson's Garage 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. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
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 - Not depreciated
Plant and machinery - 25% on a straight line basis
Motor vehicles - 25% on a straight line basis
Equipment - 25% on a straight line basis

Freehold property has not been depreciated. The freehold property used by the company has not been depreciated, as in the opinion of the director, taking account of the estimated useful life and realisable value of the property, any charge to depreciation would be immaterial.

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 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 statement of financial position date.


Leeson's Garage Limited (Registered number: 00467249)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


3. Accounting policies - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4. Employees and directors

The average number of employees during the year was 19 (2023 - 17 ) .

5. Tangible fixed assets
Freehold Plant and Motor
property machinery vehicles Equipment Totals
£    £    £    £    £   
Cost
At 1 January 2024 420,809 160,993 6,004 20,684 608,490
Additions - - 32,396 2,873 35,269
At 31 December 2024 420,809 160,993 38,400 23,557 643,759
Depreciation
At 1 January 2024 - 143,224 5,943 17,842 167,009
Charge for year - 4,442 6,765 950 12,157
At 31 December 2024 - 147,666 12,708 18,792 179,166
Net book value
At 31 December 2024 420,809 13,327 25,692 4,765 464,593
At 31 December 2023 420,809 17,769 61 2,842 441,481

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 58,744 62,139
Other debtors 28,417 5,487
Prepayments 12,901 12,494
100,062 80,120

Leeson's Garage Limited (Registered number: 00467249)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


7. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 36,428 53,978
Tax 9,100 58,562
Social security and other taxes 8,973 14,418
VAT 11,868 17,309
Other creditors 9,095 12,669
Directors' current accounts 18,971 21,515
Accruals and deferred income 15,348 7,308
109,783 185,759

8. Related party disclosures

During the year the directors have made a loan to the company. The loan is unsecured, interest free and repayable on demand. The balance owed at the year end was £18,971 (2023: £21,515).