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COMPANY REGISTRATION NUMBER: 06266920

Leighton Classics Ltd

Filleted Unaudited Financial Statements

30 June 2025

Leighton Classics Ltd

Statement of Financial Position

30 June 2025

| 2025 | 2024
Note | £ | £ | £

Current assets

Stocks | 170,800 |  | 154,200
Debtors | 4 | 7,334 |  | 5,966
Cash at bank and in hand | 21,164 |  | 8,799
| --------- |  | ---------
| 199,298 |  | 168,965

Creditors: amounts falling due within one year | 5 | 20 |  | 984
| --------- |  | ---------
Net current assets |  | 199,278 | 167,981
|  | --------- | ---------
Total assets less current liabilities |  | 199,278 | 167,981

Creditors: amounts falling due after more than one year | 6 |  | 244,952 | 244,952
|  | --------- | ---------
Net liabilities |  | ( 45,674) | ( 76,971)
|  | --------- | ---------

Capital and reserves

Called up share capital |  | 100 | 50
Profit and loss account |  | ( 45,774) | ( 77,021)
|  | -------- | --------
Shareholders deficit |  | ( 45,674) | ( 76,971)
|  | -------- | --------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 30 June 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 year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Leighton Classics Ltd

Statement of Financial Position (continued)

30 June 2025
These financial statements were approved by the board of directors and authorised for issue on 3 March 2026 , and are signed on behalf of the board by:

Mr D Morris
Director

Company registration number: 06266920

Leighton Classics Ltd

Notes to the Financial Statements

Year ended 30 June 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 4, Commerce Way, Leighton Buzzard, Bedfordshire, LU7 4RW.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
These accounts have been prepared under the going concern basis, assuming the continued support of the directors.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
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 entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
4. Debtors

| 2025 | 2024
| £ | £
Trade debtors | 2,500 | 600
Other debtors | 4,834 | 5,366
| ------- | -------
| 7,334 | 5,966
| ------- | -------

5. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Trade creditors | 20 | ( 66)
Other creditors | – | 1,050
| ---- | -------
| 20 | 984
| ---- | -------

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

| 2025 | 2024
| £ | £
Amounts owed to group undertakings and undertakings in which the company has a participating interest | 244,952 | 244,952
| --------- | ---------

7. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:

| 2025
|  | Balance brought forward | Advances/ (credits) to the directors | Balance outstanding
|  | £ | £ | £
| Mr D Morris | ( 525) | 525 | –
| Mrs C L Morris | ( 525) | 525 | –
|  | ------- | ------- | ----
|  | ( 1,050) | 1,050 | –
|  | ------- | ------- | ----

| 2024
|  | Balance brought forward | Advances/ (credits) to the directors | Balance outstanding
|  | £ | £ | £
| Mr D Morris | ( 3,049) | 2,523 | (526)
| Mrs C L Morris | ( 3,048) | 2,524 | (524)
|  | ------- | ------- | -------
|  | ( 6,097) | 5,047 | ( 1,050)
|  | ------- | ------- | -------

8. Related party transactions
The company was under the control of Mr & Mrs Morris throughout the current and previous year, both are directors and the majority shareholders. Included in the other creditors figure are balances owing to Ball Electronics Ltd £55,000 (2024 - £55,000), Overmould Ltd £25,000 (2024 - £25,000), Combined Test Solution Ltd £75,000 (2024 - £75,000) and Engineering Solution Limited (Liquidated) £89,951 (2024 - £89,951), companies which Mr & Mrs Morris are directors and shareholders.