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Registration number: 04695156

Leo Car Company Limited
trading as Riverside Cars
Unaudited Filleted Financial Statements
for the Year Ended 31 March 2025

Leo Car Company Limited
trading as Riverside Cars

Contents

Company Information | 1
Accountants' Report | 2
Profit and Loss Account and Statement of Retained Earnings | 3
Balance Sheet | 4
Notes to the Unaudited Financial Statements | 5 to 10

Leo Car Company Limited
trading as Riverside Cars

Company Information

Director | Mr John William Woodier

Registered office | Beaumont Accountancy Services Second Floor Enterprise House 202-206 Linthorpe Road Middlesbrough Cleveland TS1 3QW

Accountants | Beaumont Accountancy Services Beaumont Accountancy Services First Floor Enterprise House 202-206 Linthorpe Road Middlesbrough Cleveland TS1 3QW

Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Leo Car Company Limited
trading as Riverside Cars
for the Year Ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Leo Car Company Limited for the year ended 31 March 2025 as set out on pages 3 to 10 from the company's accounting records and from information and explanations you have given us.

It is your duty to ensure that Leo Car Company Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Leo Car Company Limited. You consider that Leo Car Company Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Leo Car Company Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................
Beaumont Accountancy Services
Beaumont Accountancy Services First Floor Enterprise House
202-206 Linthorpe Road
Middlesbrough
Cleveland
TS1 3QW

20 November 2025

Leo Car Company Limited
trading as Riverside Cars

Profit and Loss Account and Statement of Retained Earnings for the Year Ended 31 March 2025

| Note | 2025 £ | 2024 £
Turnover |  | 16,948,811 | 18,431,057
Cost of sales |  | (16,328,806) | (17,728,967)
Gross profit |  | 620,005 | 702,090
Administrative expenses |  | (587,726) | (554,494)
Operating profit |  | 32,279 | 147,596
Other interest receivable and similar income |  | 453 | 497
Interest payable and similar charges |  | (28,245) | (297)
|  | (27,792) | 200
Profit before tax |  | 4,487 | 147,796
Taxation |  | (3,298) | (28,552)
Profit for the financial year |  | 1,189 | 119,244
Retained earnings brought forward |  | 1,099,005 | 1,079,762
Dividends paid |  | (109,000) | (100,000)
Retained earnings carried forward |  | 991,194 | 1,099,006

Leo Car Company Limited
trading as Riverside Cars

(Registration number: 04695156)
Balance Sheet as at 31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 230,545 | 244,808
Current assets |  |  |
Stocks | 5 | 1,518,366 | 1,392,365
Debtors | 6 | 108,112 | 335,404
Cash at bank and in hand |  | 119,508 | 146,318
|  | 1,745,986 | 1,874,087
Creditors: Amounts falling due within one year | 7 | (905,426) | (906,510)
Net current assets |  | 840,560 | 967,577
Total assets less current liabilities |  | 1,071,105 | 1,212,385
Creditors: Amounts falling due after more than one year | 7 | (79,909) | (113,377)
Net assets |  | 991,196 | 1,099,008
Capital and reserves |  |  |
Called up share capital | 8 | 2 | 2
Retained earnings |  | 991,194 | 1,099,006
Shareholders' funds |  | 991,196 | 1,099,008

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 20 November 2025

......................................... Mr John William Woodier Director |  |

Leo Car Company Limited
trading as Riverside Cars

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1 | General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Beaumont Accountancy Services Second Floor Enterprise House
202-206 Linthorpe Road
Middlesbrough
Cleveland
TS1 3QW
England

These financial statements were authorised for issue by the director on 20 November 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Leo Car Company Limited
trading as Riverside Cars

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant & Machinery | 15% Reducing
Fittings and Fixtures | 15% Reducing

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Leo Car Company Limited
trading as Riverside Cars

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 8 (2024 - 9).

Leo Car Company Limited
trading as Riverside Cars

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4 | Tangible assets

| Land and buildings £ | Furniture, fittings and equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 April 2024 | 168,039 | 135,237 | 58,831 | 362,107
Additions | - | 4,729 | - | 4,729
Disposals | - | (2,121) | - | (2,121)
At 31 March 2025 | 168,039 | 137,845 | 58,831 | 364,715
Depreciation
At 1 April 2024 | 3,361 | 69,069 | 44,870 | 117,300
Charge for the year | 3,361 | 10,748 | 3,490 | 17,599
Eliminated on disposal | - | (729) | - | (729)
At 31 March 2025 | 6,722 | 79,088 | 48,360 | 134,170
Carrying amount
At 31 March 2025 | 161,317 | 58,757 | 10,471 | 230,545
At 31 March 2024 | 164,678 | 66,169 | 13,961 | 244,808

Included within the net book value of land and buildings above is £161,318 (2024 - £164,678) in respect of freehold land and buildings.

5 | Stocks

| 2025 £ | 2024 £
Other inventories | 1,518,366 | 1,392,365

6 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 105,540 | 203,603
Other debtors | 2,572 | 131,801
| 108,112 | 335,404

Leo Car Company Limited
trading as Riverside Cars

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 9 | 147,689 | 243,465
Trade creditors |  | 562,486 | 471,404
Amounts owed to group undertakings and undertakings in which the company has a participating interest |  | 160,000 | 120,000
Taxation and social security |  | 33,479 | 70,150
Other creditors |  | 1,772 | 1,491
|  | 905,426 | 906,510

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 9 | 79,909 | 113,377

8 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary of £1 each | 2 | 2 | 2 | 2

9 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 56,624 | 77,944
Hire purchase contracts | 23,285 | 35,433
| 79,909 | 113,377

Current loans and borrowings

Leo Car Company Limited
trading as Riverside Cars

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

| 2025 £ | 2024 £
Other borrowings | 147,689 | 243,465

10 | Dividends

Interim dividends paid

|  | 2025 £ |  | 2024 £
Interim dividend of £54,500.00 (2024 - £50,000.00) per each Ordinary |  | 109,000 |  | 100,000