BrightAccountsProduction v1.0.0 v1.0.0 2023-10-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is the construction of timber framed houses. 2 June 2025 NI051038 2024-09-30 NI051038 2023-09-30 NI051038 2022-09-30 NI051038 2023-10-01 2024-09-30 NI051038 2022-10-01 2023-09-30 NI051038 uk-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 NI051038 uk-curr:PoundSterling 2023-10-01 2024-09-30 NI051038 uk-bus:AbridgedAccounts 2023-10-01 2024-09-30 NI051038 uk-core:ShareCapital 2024-09-30 NI051038 uk-core:ShareCapital 2023-09-30 NI051038 uk-core:RetainedEarningsAccumulatedLosses 2024-09-30 NI051038 uk-core:RetainedEarningsAccumulatedLosses 2023-09-30 NI051038 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-09-30 NI051038 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-09-30 NI051038 uk-bus:FRS102 2023-10-01 2024-09-30 NI051038 uk-core:LandBuildings 2023-10-01 2024-09-30 NI051038 uk-core:PlantMachinery 2023-10-01 2024-09-30 NI051038 uk-core:FurnitureFittingsToolsEquipment 2023-10-01 2024-09-30 NI051038 uk-core:MotorVehicles 2023-10-01 2024-09-30 NI051038 uk-core:ParentEntities 2023-10-01 2024-09-30 NI051038 uk-countries:NorthernIreland 2023-10-01 2024-09-30 NI051038 uk-bus:Director1 2023-10-01 2024-09-30 NI051038 uk-bus:CompanySecretaryDirector1 2023-10-01 2024-09-30 NI051038 uk-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 xbrli:pure iso4217:GBP xbrli:shares
Company Registration Number: NI051038
 
 
Leadon Timber Frame Limited
 
Abridged Unaudited Financial Statements
 
for the financial year ended 30 September 2024
Leadon Timber Frame Limited
Company Registration Number: NI051038
ABRIDGED BALANCE SHEET
as at 30 September 2024

2024 2023
Notes £ £
 
Fixed Assets
Tangible assets 4 455,801 523,932
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Current Assets
Stocks 499,070 649,180
Debtors 1,738,507 1,451,609
Cash and cash equivalents 2,806,671 2,291,922
───────── ─────────
5,044,248 4,392,711
───────── ─────────
Creditors: amounts falling due within one year (2,119,705) (1,957,030)
───────── ─────────
Net Current Assets 2,924,543 2,435,681
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Total Assets less Current Liabilities 3,380,344 2,959,613
 
Creditors:
amounts falling due after more than one year (6,722) (14,667)
 
Provisions for liabilities (63,265) (76,850)
 
Government grants (100) (125)
───────── ─────────
Net Assets 3,310,257 2,867,971
═════════ ═════════
 
Capital and Reserves
Called up share capital 2 2
Retained earnings 3,310,255 2,867,969
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Equity attributable to owners of the company 3,310,257 2,867,971
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The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
           
The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Directors' Report.
For the financial year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Board and authorised for issue on 2 June 2025 and signed on its behalf by
           
           
           
________________________________          
Kieran Leadon          
Director          
           
           
           
________________________________
Eileen Leadon
Director
           



Leadon Timber Frame Limited
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 30 September 2024

   
1. General Information
 
Leadon Timber Frame Limited is a company limited by shares incorporated in Northern Ireland. 79 Dunnamore Road, Cookstown, Co Tyrone, BT80 9NX, Northern Ireland is the registered office, which is also the principal place of business of the company. . The principal activity of the company is the construction of timber framed houses. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 30 September 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Land and buildings freehold - 4% straight line
  Plant and machinery - 20% reducing balance
  Fixtures, fittings and equipment - 20% reducing balance
  Motor vehicles - 20% reducing balance
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Leasing and hire purchases
Tangible assets held under leasing and Hire Purchases arrangements which transfer substantially all the risks and rewards of ownership to the company are capitalised and included in the Balance Sheet at their cost or valuation, less depreciation. The corresponding commitments are recorded as liabilities. Payments in respect of these obligations are treated as consisting of capital and interest elements, with interest charged to the Profit and Loss Account.
 
Stocks
Stocks are valued at the lower of cost and net realisable value. Stocks are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition.  Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Borrowing costs
Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
 
Provisions
Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
 
Government grants
Capital grants received and receivable are treated as deferred income and amortised to the Profit and Loss Account annually over the useful economic life of the asset to which it relates. Revenue grants are credited to the Profit and Loss Account when received.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including directors, during the financial year was 49, (2023 - 50).
 
  2024 2023
  Number Number
 
Administration staff 2 2
Direct Staff 46 47
Directors 1 1
  ───────── ─────────
  49 50
  ═════════ ═════════
             
4. Tangible assets
  Land and Plant and Fixtures, Motor Total
  buildings machinery fittings and vehicles  
  freehold   equipment    
  £ £ £ £ £
Cost
At 1 October 2023 344,844 718,450 158,344 190,501 1,412,139
Additions - - 8,927 - 8,927
  ───────── ───────── ───────── ───────── ─────────
At 30 September 2024 344,844 718,450 167,271 190,501 1,421,066
  ───────── ───────── ───────── ───────── ─────────
Depreciation
At 1 October 2023 128,314 549,204 83,197 127,492 888,207
Charge for the financial year 13,793 33,849 16,814 12,602 77,058
  ───────── ───────── ───────── ───────── ─────────
At 30 September 2024 142,107 583,053 100,011 140,094 965,265
  ───────── ───────── ───────── ───────── ─────────
Net book value
At 30 September 2024 202,737 135,397 67,260 50,407 455,801
  ═════════ ═════════ ═════════ ═════════ ═════════
At 30 September 2023 216,530 169,246 75,147 63,009 523,932
  ═════════ ═════════ ═════════ ═════════ ═════════
       
5. Capital commitments
 
The company had no material capital commitments at the financial year-ended 30 September 2024.
   
6. Parent company
 
The company regards Leadon Holdings Ltd as its parent company.
 
The parent of the largest group in which the results are consolidated is Leadon Holdings Ltd.
Leadon Holdings Ltd is registered in Northern Ireland.
 
   
7. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial year-end.