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REGISTERED NUMBER: 04282112 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 January 2025

for

Leeds Test Objects Limited

Leeds Test Objects Limited (Registered number: 04282112)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Leeds Test Objects Limited

Company Information
for the Year Ended 31 January 2025







DIRECTORS: A P Walker
K Watson





SECRETARY: E M Walker





REGISTERED OFFICE: Miro House Becklands Close
Bar Lane
Roecliffe
York
YO51 9NR





REGISTERED NUMBER: 04282112 (England and Wales)





ACCOUNTANTS: Clive Owen LLP
Chartered Accountants
Oak Tree House, Harwood Road
Northminster Business Park
Upper Poppleton
York
YO26 6QU

Leeds Test Objects Limited (Registered number: 04282112)

Balance Sheet
31 January 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 19,032 29,331
Tangible assets 5 87,949 69,979
106,981 99,310

CURRENT ASSETS
Stocks 6 398,032 393,518
Debtors 7 326,682 344,381
Cash at bank and in hand 1,270,422 1,942,874
1,995,136 2,680,773
CREDITORS
Amounts falling due within one year 8 93,336 301,652
NET CURRENT ASSETS 1,901,800 2,379,121
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,008,781

2,478,431

PROVISIONS FOR LIABILITIES 10 11,604 5,236
NET ASSETS 1,997,177 2,473,195

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 1,997,077 2,473,095
SHAREHOLDERS' FUNDS 1,997,177 2,473,195

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

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

Leeds Test Objects Limited (Registered number: 04282112)

Balance Sheet - continued
31 January 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 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 13 August 2025 and were signed on its behalf by:





A P Walker - Director


Leeds Test Objects Limited (Registered number: 04282112)

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

1. STATUTORY INFORMATION

Leeds Test Objects 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.

There were no material departures from that standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Income recognition
Turnover is recognised at the point at which the risks and rewards of the goods are transferred to the customer and the services are rendered.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Intellectual property are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures, fittings & equipment - 33.33% on cost, 25% reducing balance, 20% on cost and 12.5% on cost
Motor vehicles - 25% on cost
Computer equipment - 33.33% on cost, 25% reducing balance and 20% on cost

Tangible fixed assets are measured at cost less accumulated depreciation and impairment.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.


Leeds Test Objects Limited (Registered number: 04282112)

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

2. ACCOUNTING POLICIES - continued
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 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.

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

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.

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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2024 - 13 ) .

Leeds Test Objects Limited (Registered number: 04282112)

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

4. INTANGIBLE FIXED ASSETS
Intellectual
Goodwill property Totals
£    £    £   
COST
At 1 February 2024
and 31 January 2025 46,996 4,500 51,496
AMORTISATION
At 1 February 2024 20,365 1,800 22,165
Amortisation for year 9,399 900 10,299
At 31 January 2025 29,764 2,700 32,464
NET BOOK VALUE
At 31 January 2025 17,232 1,800 19,032
At 31 January 2024 26,631 2,700 29,331

5. TANGIBLE FIXED ASSETS
Fixtures,
fittings Motor Computer
& equipment vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2024 62,745 62,180 13,481 138,406
Additions 13,102 42,245 1,732 57,079
At 31 January 2025 75,847 104,425 15,213 195,485
DEPRECIATION
At 1 February 2024 42,699 16,840 8,888 68,427
Charge for year 12,127 25,227 1,755 39,109
At 31 January 2025 54,826 42,067 10,643 107,536
NET BOOK VALUE
At 31 January 2025 21,021 62,358 4,570 87,949
At 31 January 2024 20,046 45,340 4,593 69,979

6. STOCKS
2025 2024
£    £   
Stocks 398,032 393,518

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 241,208 307,792
Tax debtor 58,760 -
Prepayments 26,714 36,589
326,682 344,381

Leeds Test Objects Limited (Registered number: 04282112)

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 50,859 68,864
Taxation and social security 26,897 214,326
Other creditors 66 -
Accruals and deferred income 15,514 18,462
93,336 301,652

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2025 2024
£    £   
Within one year 27,084 46,000
Between one and five years 31,850 99,667
58,934 145,667

10. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax 11,604 5,236

Deferred
tax
£   
Balance at 1 February 2024 5,236
Provided during year 6,368
Movement in the year
Balance at 31 January 2025 11,604

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
100 Ordinary £1 100 100

12. ULTIMATE CONTROLLING PARTY

The company is controlled by Walker Medical & Scientific Ltd, a private company, limited by shares, registered in England and Wales. The company's registered office is Miro House, Becklands Close, Boroughbridge, York, North Yorkshire, YO51 9NR.