LEEMING & PEEL LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M Thomas

REGISTERED OFFICE:

Fairfax House

6a Mill Field Road

Cottingley Business Park

Cottingley

West Yorkshire

BD16 1PY

REGISTERED NUMBER:

03876471 (England and Wales)

ACCOUNTANTS:

Wilkinson and Partners

Chartered Accountants

Fairfax House

6a Mill Field Road

Cottingley Business Park

Bradford

West Yorkshire

BD16 1PY

FIXED ASSETS

Intangible assets

4

3

3,468

Tangible assets

5

207,730

211,664

207,733

215,132

CURRENT ASSETS

Stocks

40,620

41,245

Debtors

6

93,672

69,639

Cash at bank and in hand

85,016

69,840

219,308

180,724

CREDITORS

Amounts falling due within one year

7

125,913

97,870

NET CURRENT ASSETS

93,395

82,854

TOTAL ASSETS LESS CURRENT LIABILITIES

301,128

297,986

CREDITORS

Amounts falling due after more than one year

8

(3,030

)

(21,212

)

PROVISIONS FOR LIABILITIES

9

(772

)

(1,307

)

NET ASSETS

297,326

275,467

CAPITAL AND RESERVES

Called up share capital

10

15

15

Retained earnings

297,311

275,452

SHAREHOLDERS' FUNDS

297,326

275,467

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 28 August 2025 and were signed by:

M Thomas - Director

1.	STATUTORY INFORMATION

Leeming & Peel 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.

In accordance with Section 444 of the Companies Act 2006, the Directors Report has not been delivered.

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of twenty 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.

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.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% 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.

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

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.

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 9 (2024 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2024

and 30 April 2025

69,306

AMORTISATION

At 1 May 2024

65,838

Amortisation for year

3,465

At 30 April 2025

69,303

NET BOOK VALUE

At 30 April 2025

3

At 30 April 2024

3,468

5.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

COST

At 1 May 2024

95,656

98,334

486,987

Additions

-

-

-

At 30 April 2025

95,656

98,334

486,987

DEPRECIATION

At 1 May 2024

-

-

471,251

Charge for year

-

-

3,934

At 30 April 2025

-

-

475,185

NET BOOK VALUE

At 30 April 2025

95,656

98,334

11,802

At 30 April 2024

95,656

98,334

15,736

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 May 2024

15,121

10,000

1,124

707,222

Additions

-

-

740

740

At 30 April 2025

15,121

10,000

1,864

707,962

DEPRECIATION

At 1 May 2024

13,945

9,249

1,113

495,558

Charge for year

294

188

258

4,674

At 30 April 2025

14,239

9,437

1,371

500,232

NET BOOK VALUE

At 30 April 2025

882

563

493

207,730

At 30 April 2024

1,176

751

11

211,664

The net book value of tangible fixed assets includes £NIL in respect of assets held under hire purchase contracts or finance leases.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Trade debtors

89,080

65,349

Other debtors

2,479

2,479

Prepayments

2,113

1,811

93,672

69,639

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Bank loans and overdrafts

18,182

18,182

Trade creditors

52,176

38,573

Tax

20,990

10,842

Social security and other taxes

5,068

4,324

VAT

19,708

17,272

Other creditors

1,417

1,417

Directors' current accounts

3,670

1,997

Accrued expenses

4,702

5,263

125,913

97,870

The director's loan is interest free and repayable on demand.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.25

30.4.24

£

£

Bank loans - 1-2 years

3,030

18,182

Bank loans - 2-5 years

-

3,030

3,030

21,212

9.	PROVISIONS FOR LIABILITIES

30.4.25

30.4.24

£

£

Deferred tax

772

1,307

Deferred

tax

£

Balance at 1 May 2024

1,307

Accelerated capital allowances

(535

)

Balance at 30 April 2025

772

The entire provision for deferred tax is relating to accelerated capital allowances.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.25

30.4.24

value:

£

£

5

Ordinary

1

5

5

10

A Ordinary

1

10

10

15

15

11.	ULTIMATE CONTROLLING PARTY

The company is not controlled by any individual shareholder, but the company was under the collective control of the shareholders.