REGISTERED NUMBER: 05965856 (England and Wales)

Bernard Leach Enterprises Limited

Audited Financial Statements

for the Year Ended 31st March 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs E A Mitton

G J Topp

SECRETARY:

Ms M M Parma

REGISTERED OFFICE:

Leach Pottery

Higher Stennack

St Ives

Cornwall

TR26 2HE

REGISTERED NUMBER:

05965856 (England and Wales)

AUDITORS:

BK Plus Audit Limited

3 Chapel Street

Redruth

Cornwall

TR15 2BY

BANKERS:

Barclays Bank plc

14 King Street

Truro

Cornwall

TR1 2RB

FIXED ASSETS

Tangible assets

4

2,322

2,910

CURRENT ASSETS

Stocks

5

28,450

27,911

Debtors

6

32,392

18,789

Cash at bank

49,928

37,955

110,770

84,655

CREDITORS

Amounts falling due within one year

7

(108,563

)

(82,448

)

NET CURRENT ASSETS

2,207

2,207

TOTAL ASSETS LESS CURRENT LIABILITIES

4,529

5,117

CAPITAL AND RESERVES

Called up share capital

8

1

1

Retained earnings

4,528

5,116

SHAREHOLDERS' FUNDS

4,529

5,117

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 15th December 2025 and were signed on its behalf by:

G J Topp - Director

1.	STATUTORY INFORMATION

Bernard Leach Enterprises Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

Monetary amounts in these financial statements are rounded to the nearest 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

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.

Going concern

The Company's Directors have a reasonable expectation that the Company will be able to continue in operational existence for the for the foreseeable future and meet its liabilities as they fall due. Thus, they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1st April 2024

and 31st March 2025

12,480

1,168

13,648

DEPRECIATION

At 1st April 2024

9,687

1,051

10,738

Charge for year

559

29

588

At 31st March 2025

10,246

1,080

11,326

NET BOOK VALUE

At 31st March 2025

2,234

88

2,322

At 31st March 2024

2,793

117

2,910

5.

STOCKS

2025

2024

£

£

Raw materials

6,316

3,400

Work-in-progress

4,483

13,338

Finished goods

17,651

11,173

28,450

27,911

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

32,392

18,789

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

614

2,153

Amounts owed to group undertakings

95,901

64,265

Social security and other taxes

1,992

2,259

VAT

3,642

7,744

Other creditors

514

537

Accrued expenses

5,900

5,490

108,563

82,448

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1

Ordinary

£1

1

1

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Auditors' Report was unqualified.

David Hastings FMAAT ACA (Senior Statutory Auditor)

for and on behalf of BK Plus Audit Limited

10.	RELATED PARTY DISCLOSURES

Advantage has been taken of the exemption available under Financial Reporting Standard 102 (FRS 102) not to disclose intergroup transactions with the parent undertaking, Bernard Leach (St Ives) Trust Limited, due to this company being a 100% subsidiary.

Bernard Leach (St Ives) Trust Limited is the parent of the group which draws up the consolidated accounts and in which this company is a member. Bernard Leach (St Ives) Trust Limited is a charity registered in England and Wales, and its registered office is Leach Pottery, Higher Stennack, St Ives, Cornwall, TR26 2HE.