REGISTERED NUMBER: SC291344 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

LEESON COACHWORKS LIMITED

Page

Abridged Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

406,628

124,018

CURRENT ASSETS

Stocks

32,792

35,379

Debtors

191,631

162,464

Cash at bank

59,070

89,243

283,493

287,086

CREDITORS

Amounts falling due within one year

342,246

359,569

NET CURRENT LIABILITIES

(58,753

)

(72,483

)

TOTAL ASSETS LESS CURRENT LIABILITIES

347,875

51,535

PROVISIONS FOR LIABILITIES

579

579

NET ASSETS

347,296

50,956

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

6

346,885

50,407

Retained earnings

311

449

SHAREHOLDERS' FUNDS

347,296

50,956

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

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

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 October 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 24 September 2025 and were signed on its behalf by:

D Leeson - Director

1.	STATUTORY INFORMATION

Leeson Coachworks Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address are as below:

Registered number:

SC291344

Registered office:

32 Garrell Place

Burnside Industrial Estate

Kilsyth

North Lanarkshire

G65 9JX

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 as modified by the revaluation of certain assets.

Turnover and revenue recognition

Turnover represents net invoiced sales of goods and services, excluding VAT. Revenue is recognised when goods and services are provided to the customer.

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

-

in accordance with the property

Plant and machinery

-

10% on cost

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

25% 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.

Financial instruments

The company only has basic financial assets and liabilities of a kind that qualify as basic financial instruments.

Basic financial instruments are initially recognised at transaction value and subsequently measured at their

settlement value.

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.

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 13 (2023 - 18 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST OR VALUATION

At 1 November 2023

414,950

Additions

6,001

Revaluations

296,477

At 31 October 2024

717,428

DEPRECIATION

At 1 November 2023

290,932

Charge for year

19,868

At 31 October 2024

310,800

NET BOOK VALUE

At 31 October 2024

406,628

At 31 October 2023

124,018

Cost or valuation at 31 October 2024 is represented by:

Totals

£

Valuation in 2024

717,428

If freehold property had not been revalued it would have been included at the following historical cost:

31.10.24

31.10.23

£

£

Cost

179,333

179,333

Aggregate depreciation

37,394

37,394

Freehold property was valued on an open market basis on 31 October 2013 by the company's surveyors .

5.	SECURED DEBTS

The following secured debts are included within creditors:

31.10.24

31.10.23

£

£

Bank loans

48,925

50,964

The bank loans and overdraft are secured by a floating charge over its whole property.

6.

RESERVES

Revaluation

reserve

£

At 1 November 2023

50,407

Property revaluation

296,478

At 31 October 2024

346,885

7.	ULTIMATE CONTROLLING PARTY

The controlling party is D Leeson.

The company is controlled by the directors.