REGISTERED NUMBER: 07181532 (England and Wales)

Financial Statements for the Year Ended 31 March 2025

for

Leedex Construction Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

H Tayefi

Dr P Tayefi

REGISTERED OFFICE:

Unit 4A Lodge Works

Birchall Road

Knowsley Industrial Park

Liverpool

Merseyside

L33 7TD

REGISTERED NUMBER:

07181532 (England and Wales)

ACCOUNTANTS:

Cobham Murphy PHD Limited

116 Duke Street

Liverpool

L1 5JW

FIXED ASSETS

Tangible assets

4

55,235

68,062

Investments

5

673

673

55,908

68,735

CURRENT ASSETS

Stocks

-

207,000

Debtors

6

198,259

176,585

Cash at bank and in hand

236,337

133,407

434,596

516,992

CREDITORS

Amounts falling due within one year

7

340,501

457,760

NET CURRENT ASSETS

94,095

59,232

TOTAL ASSETS LESS CURRENT LIABILITIES

150,003

127,967

CREDITORS

Amounts falling due after more than one year

8

(43,103

)

(95,686

)

PROVISIONS FOR LIABILITIES

(13,808

)

(17,015

)

NET ASSETS

93,092

15,266

CAPITAL AND RESERVES

Called up share capital

300

300

Retained earnings

92,792

14,966

SHAREHOLDERS' FUNDS

93,092

15,266

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 16 December 2025 and were signed on its behalf by:

H Tayefi - Director

1.	STATUTORY INFORMATION

Leedex Construction Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 07181532 and the registered office is Unit 4A Lodge Works, Birchall Road, Knowsley Industrial Park, Liverpool L33 7TD.

The presentation and functional currency of the financial statements is the Pound Sterling (£).

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.

Significant judgements and estimates

There are no judgements (apart from those involving estimates) that have a significant effect on amounts recognised in the financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable on construction services, excluding discounts, rebates, value added tax and other sales taxes. revenue is recognised on completion of the developments.

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 etc

-

33% on cost and 25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and new realisable value.

In accordance with FRS 102 para 25.2 the company adopts a policy of capitalising borrowing costs that are directly attributable to acquisition, construction, and production of a qualifying asset. Work in progress is an asset that takes a substantial period of time to get ready for its intended use or sale and meets the FRS 102 definition of a qualifying asset.

Financial instruments

Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Other loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

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.

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.

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.

Fixed asset investments

Fixed asset investments are stated at fair value, which is market value. Any changes in value of investments is written to the profit and loss account in the year it is incurred.

No depreciation is provided for in respect of fixed asset investments . Such assets are held for their investment potential and not for consumption within the business. This is a departure from the Companies Act 2006 which requires all fixed assets to be depreciated, the directors consider that to depreciate them would not enable the financial statements to give a true and fair view.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

192,883

Additions

2,234

At 31 March 2025

195,117

DEPRECIATION

At 1 April 2024

124,821

Charge for year

15,061

At 31 March 2025

139,882

NET BOOK VALUE

At 31 March 2025

55,235

At 31 March 2024

68,062

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

64,047

DEPRECIATION

At 1 April 2024

32,296

Charge for year

6,350

At 31 March 2025

38,646

NET BOOK VALUE

At 31 March 2025

25,401

At 31 March 2024

31,751

5.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

31.3.25

31.3.24

£

£

Other investments

673

673

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

-

15,011

Amounts owed by participating interests

151,041

148,758

Other debtors

47,218

12,816

198,259

176,585

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

45,455

45,455

Hire purchase contracts

8,061

8,061

Trade creditors

84,536

77,125

Amounts owed to participating interests

11,738

203,347

Taxation and social security

38,995

40,465

Other creditors

151,716

83,307

340,501

457,760

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

15,172

60,643

Hire purchase contracts

27,931

35,043

43,103

95,686

9.	RELATED PARTY DISCLOSURES