REGISTERED NUMBER: 08375193 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Leawood Builders (Leicester) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

P R Norman

Mrs B S Norman

REGISTERED OFFICE:

The Oval

57 New Walk

Leicester

Leicestershire

LE1 7EA

REGISTERED NUMBER:

08375193 (England and Wales)

Fixed assets

Intangible assets

3

260,000

280,000

Tangible assets

4

56,154

44,484

316,154

324,484

Current assets

Stocks

88,001

159,198

Debtors

5

85,198

82,731

Cash at bank

106,356

46,911

279,555

288,840

Creditors

Amounts falling due within one year

6

202,966

258,703

Net current assets

76,589

30,137

Total assets less current liabilities

392,743

354,621

Capital and reserves

Called up share capital

100

100

Retained earnings

392,643

354,521

Shareholders' funds

392,743

354,621

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.

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 3 July 2025 and were signed on its behalf by:

P R Norman - Director

1.	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 0, is being amortised evenly over its estimated useful life of nil 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.

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 Income Statement, 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.

2.	Employees and directors

The average number of employees during the year was 17 (2024 - 16 ) .

3.	Intangible fixed assets

Goodwill

£

Cost

At 1 April 2024

and 31 March 2025

400,000

Amortisation

At 1 April 2024

120,000

Charge for year

20,000

At 31 March 2025

140,000

Net book value

At 31 March 2025

260,000

At 31 March 2024

280,000

4.	Tangible fixed assets

Plant and

machinery

etc

£

Cost

At 1 April 2024

97,028

Additions

21,649

At 31 March 2025

118,677

Depreciation

At 1 April 2024

52,544

Charge for year

9,979

At 31 March 2025

62,523

Net book value

At 31 March 2025

56,154

At 31 March 2024

44,484

5.

Debtors: amounts falling due within one year

31.3.25

31.3.24

£

£

Trade debtors

85,198

82,731

6.

Creditors: amounts falling due within one year

31.3.25

31.3.24

£

£

Trade creditors

77,742

81,199

Taxation and social security

63,139

53,269

Other creditors

62,085

124,235

202,966

258,703