REGISTERED NUMBER: 05760478 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

E Lease Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs J Watts

REGISTERED OFFICE:

Park House

37 Clarence Street

Leicester

LE1 3RW

REGISTERED NUMBER:

05760478 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

Park House

37 Clarence Street

Leicester

Leicestershire

LE1 3RW

FIXED ASSETS

Tangible assets

4

4,177

4,741

CURRENT ASSETS

Stocks

251,020

309,638

Debtors

5

5,561

17,574

Cash in hand

1,978

4,934

258,559

332,146

CREDITORS

Amounts falling due within one year

6

(202,737

)

(232,111

)

NET CURRENT ASSETS

55,822

100,035

TOTAL ASSETS LESS CURRENT LIABILITIES

59,999

104,776

CREDITORS

Amounts falling due after more than one year

7

(4,167

)

(11,667

)

NET ASSETS

55,832

93,109

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

54,832

92,109

SHAREHOLDERS' FUNDS

55,832

93,109

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 director acknowledges her 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 December 2025 and were signed by:

Mrs J Watts - Director

1.	STATUTORY INFORMATION

E Lease 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.

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.

Log Cabin

-

10% on reducing balance

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Log Cabin

machinery

fittings

£

£

£

COST

At 1 April 2024

and 31 March 2025

15,248

620

14,873

DEPRECIATION

At 1 April 2024

12,274

586

13,140

Charge for year

297

7

260

At 31 March 2025

12,571

593

13,400

NET BOOK VALUE

At 31 March 2025

2,677

27

1,473

At 31 March 2024

2,974

34

1,733

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

9,450

9,193

49,384

DEPRECIATION

At 1 April 2024

9,450

9,193

44,643

Charge for year

-

-

564

At 31 March 2025

9,450

9,193

45,207

NET BOOK VALUE

At 31 March 2025

-

-

4,177

At 31 March 2024

-

-

4,741

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

4,499

-

Other debtors

1,062

17,574

5,561

17,574

Other debtors includes prepayments and accrued income of £1,062 (2024 - £2,074).

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

92,640

98,187

Trade creditors

17,117

6,433

Taxation and social security

4,059

9,133

Other creditors

88,921

118,358

202,737

232,111

Other creditors includes accruals and deferred income of £4,100 (2024 - £4,100).

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

4,167

11,667

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank overdrafts

82,640

88,187

The bank overdraft is secured by way of a fixed and floating charge over all assets of the company.