Leo Joinery LLP

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: OC402095

		31 March 2025		31 March 2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		133,753		153,419

			133,753		153,419
CURRENT ASSETS
Debtors	5	1,153,008		891,097
Cash at bank and in hand		24,300		915

		1,177,308		892,012
Creditors: Amounts Falling Due Within One Year	6	(222,931 )		(158,208 )

NET CURRENT ASSETS (LIABILITIES)			954,377		733,804

TOTAL ASSETS LESS CURRENT LIABILITIES			1,088,130		887,223

NET ASSETS ATTRIBUTABLE TO MEMBERS			1,088,130		887,223

REPRESENTED BY:
Loans and other debts due to members within one year
Members' capital classified as a liability		1,039,745		857,857
Other amounts		48,385		29,366

			1,088,130		887,223

			1,088,130		887,223

TOTAL MEMBERS' INTEREST
Amounts due from members			(921,226)		(782,219)
Loans and other debts due to members within one year			1,088,130		887,223

			166,904		105,004

Page 1

Page 2

Leo Joinery LLP

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLPs subject to the small LLPs regime.)

The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.

On behalf of the members

Mr Christopher Tredgett

Designated Member

23rd December 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Leo Joinery LLP is a limited liability partnership, incorporated in England & Wales, registered number OC402095 . The Registered Office is Bruce Allen Llp Ground Floor Suite Crown House, 40 North Street, Hornchurch, RM11 1EW.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).

The financial statements are prepared in sterling which is the functional currency of the LLP.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	0
Plant & Machinery	25% on reducing balance
Motor Vehicles	25% on reducing balance
Fixtures & Fittings	25% on reducing balance
Computer Equipment	25% on reducing balance

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the LLP. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the year was: 6 (2024: 6)

Page 3

Page 4

Leo Joinery LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings
	£	£	£	£
Cost
As at 1 April 2024	91,682	126,519	36,160	432
Additions	1,725	733	-	-

As at 31 March 2025	93,407	127,252	36,160	432

Depreciation
As at 1 April 2024	-	91,948	12,807	386
Provided during the period	-	12,503	8,271	16

As at 31 March 2025	-	104,451	21,078	402

Net Book Value
As at 31 March 2025	93,407	22,801	15,082	30

As at 1 April 2024	91,682	34,571	23,353	46


	Computer Equipment	Total
	£	£
Cost
As at 1 April 2024	8,476	263,269
Additions	-	2,458

As at 31 March 2025	8,476	265,727

Depreciation
As at 1 April 2024	4,709	109,850
Provided during the period	1,334	22,124

As at 31 March 2025	6,043	131,974

Net Book Value
As at 31 March 2025	2,433	133,753

As at 1 April 2024	3,767	153,419

5. Debtors

	31 March 2025	31 March 2024
	£	£
Due within one year
Trade debtors	231,782	108,878
Amounts due from members	921,226	782,219

	1,153,008	891,097

Page 4

Page 5

Leo Joinery LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

6. Creditors: Amounts Falling Due Within One Year

	31 March 2025	31 March 2024
	£	£
Net obligations under finance lease and hire purchase contracts	23,192	28,365
Trade creditors	37,691	20,152
Bank loans and overdrafts	104,504	78,070
Other taxes and social security	35,087	15,176
VAT	20,632	15,753
Other creditors	1,825	692

	222,931	158,208

7. Obligations Under Finance Leases and Hire Purchase

	31 March 2025	31 March 2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	23,192	28,365

Page 5