Company No: 10373936 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	4	713,735		476,280
		713,735		476,280
Current assets
Debtors	5	104,608		130,425
Cash at bank and in hand		30,002		49,618
		134,610		180,043
Creditors: amounts falling due within one year	6	( 200,496)		( 162,065)
Net current (liabilities)/assets		(65,886)		17,978
Total assets less current liabilities		647,849		494,258
Creditors: amounts falling due after more than one year	7	( 360,042)		( 208,182)
Provision for liabilities		( 11,354)		( 13,685)
Net assets		276,453		272,391
Capital and reserves
Called-up share capital	8	140		140
Profit and loss account		276,313		272,251
Total shareholders' funds		276,453		272,391

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.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Boyle Tricks Leonard Limited (registered number: 10373936) were approved and authorised for issue by the Board of Directors on 13 December 2025. They were signed on its behalf by:

Mrs J Leonard Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Boyle Tricks Leonard Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 13 Queens Terrace, Exeter, EX4 4HR, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Revenue from services is recognised as they are delivered.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Computer software

3 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset over its expected useful life, as follows:

Land and buildings	not depreciated
Vehicles	25 % reducing balance
Fixtures and fittings	20 % reducing balance
Office equipment	25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	12		11

3. Intangible assets

	Computer software		Total
	£		£
Cost
At 01 April 2024	5,229		5,229
At 31 March 2025	5,229		5,229
Accumulated amortisation
At 01 April 2024	5,229		5,229
At 31 March 2025	5,229		5,229
Net book value
At 31 March 2025	0		0
At 31 March 2024	0		0

4. Tangible assets

	Land and buildings		Vehicles		Fixtures and fittings		Office equipment		Total
	£		£		£		£		£
Cost
At 01 April 2024	421,542		48,680		8,933		35,572		514,727
Additions	246,779		0		961		3,720		251,460
At 31 March 2025	668,321		48,680		9,894		39,292		766,187
Accumulated depreciation
At 01 April 2024	0		12,170		5,740		20,537		38,447
Charge for the financial year	0		9,128		713		4,164		14,005
At 31 March 2025	0		21,298		6,453		24,701		52,452
Net book value
At 31 March 2025	668,321		27,382		3,441		14,591		713,735
At 31 March 2024	421,542		36,510		3,193		15,035		476,280

5. Debtors

	2025		2024
	£		£
Trade debtors	89,019		114,396
Prepayments	9,464		8,174
Other debtors	6,125		7,855
	104,608		130,425

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans (secured)	11,244		7,439
Trade creditors	40,590		13,400
Amounts owed to directors	40,032		30,188
Accruals	3,325		3,100
Corporation tax	50,040		63,696
Other taxation and social security	25,204		23,989
Obligations under finance leases and hire purchase contracts (secured)	5,621		4,037
Other creditors	24,440		16,216
	200,496		162,065

7. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans (secured)	333,473		175,992
Obligations under finance leases and hire purchase contracts (secured)	26,569		32,190
	360,042		208,182

The bank loans are secured with a fixed charge against the freehold property and all of the undertaking of the company.

The finance lease and hire purchase contracts are secured against the assets to which they relate.

Amounts repayable after more than 5 years are included in creditors falling due over one year:

	2025		2024
	£		£
Bank loans (secured)	257,038		143,623

8. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
140 Ordinary shares of £ 1.00 each	140		140