REGISTERED NUMBER: 00206159 (England and Wales)

Group Strategic Report,

Report of the Directors and

Consolidated Financial Statements

for the Year Ended 31 July 2025

for

LECK GROUP LIMITED

Page

Company Information

1

Group Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

5

Consolidated Statement of Comprehensive Income

9

Consolidated Balance Sheet

10

Company Balance Sheet

11

Consolidated Statement of Changes in Equity

12

Company Statement of Changes in Equity

13

Consolidated Cash Flow Statement

14

Notes to the Consolidated Cash Flow Statement

15

Notes to the Consolidated Financial Statements

16

Directors:

D R Barker

V Barker

C M Barker

Secretary:

D R Barker

Registered office:

Leck House

80 Deansgate Lane

Timperley

Altrincham

Cheshire

WA14 1SP

Registered number:

00206159 (England and Wales)

Auditors:

S&W Audit

Northern Assurance Buildings

9-21 Princess Street

Manchester

M2 4DN

Bankers:

National Westminister Bank plc

PO Box No 305

Spring Gardens

Manchester

M60 2DB

The directors present their strategic report of the company and the group for the year ended 31 July 2025.

The principal activity of Leck Group Limited is the holding company for its subsidiary companies. The principal activities of the subsidiary companies continued to be that of building contractors, property developers and investment in property.

Review of business

The group's turnover has decreased by 11.8% from the previous year which is due to a shift in project mix, with fewer large-scale contracts and a higher proportion of smaller projects. The gross profit margin however has increased, rising from 15.34% to 20.36% due to a higher proportion of self-delivered work. Admin expenses have increased by 18.02%, primarily due to an increase in employment costs and other general overheads.

The Directors are satisfied with the results achieved during the year.

Principal risks and uncertainties

Due to the nature of the industry safety, health and environmental issues are ever changing. Accordingly the health and safety of our employees and third parties is our priority. Financial and commercial risks are a continual issue for the industry. Competitive pricing is keener than ever making it difficult to pass on cost increases in material and labour. The board continually review these risks and have policies in place to manage them.

Key performance indicators

The company's key financial and other performance indicators during the year were as follows:

Category

Unit

2025

2024

Sales

£

14,101,939

15,996,452

Gross profit

£

2,871,606

2,454,986

Gross margin

%

20.36

15.34

On behalf of the board:

D R Barker - Director

27 March 2026

The directors present their report with the financial statements of the company and the group for the year ended 31 July 2025.

Principal activities

Leck Group Limited is the holding company for its subsidiary companies. The principal activities of the subsidiary companies continued to be that of building contractors, property developers and investment in property.

Dividends

A dividend of £262,284 has been paid during the year.

Future developments

As for many businesses of our size, the environment in which the group and company operates continues to be challenging. The industry is subject to constraint on spending partly brought about by the uncertainty in the British economy and partly by other factors. With these risks and uncertainties in mind the directors are aware that any plans for future development of the group and company may be subject to unforeseen future events outside of their control. Nevertheless, the directors consider that the group is well placed to sustain the current level of activity in the foreseeable future.

Directors

The directors shown below have held office during the whole of the period from 1 August 2024 to the date of this report.

D R Barker

V Barker

C M Barker

Financial instruments

The business' principal financial instruments comprise bank balances, trade debtors and trade creditors. The main purpose of these instruments is to finance the business' operations.

In respect of bank balances, the liquidity risk is managed by maintaining a balance between the continuity of funding and flexibility through the use of overdrafts at floating rates of interest. All of the business' cash balances are held in such a way that achieves a competitive rate of interest.

Trade debtors are managed in respect of credit and cash flow risk by policies concerning the credit offered to customers and the regular monitoring of amounts outstanding for both time and credit limits. The amounts presented in the balance sheet are net of allowances for doubtful debtors.

Trade creditors' liquidity risk is managed by ensuring sufficient funds are available to meet amounts due.

Retirement of directors

In accordance with the Articles of Association V Barker retires by rotation, and being eligible, offers himself for re-election.

Statement of directors' responsibilities

The directors are responsible for preparing the Group Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Statement as to disclosure of information to auditors

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

On behalf of the board:

D R Barker - Director

27 March 2026

Opinion

We have audited the financial statements of Leck Group Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 July 2025 which comprise the Consolidated Statement of Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the group's and of the parent company affairs as at 31 July 2025 and of the group's profit for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the report of the directors, other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the report of the directors. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Group Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Group Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

-	the parent company financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on pages three and four, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below:

We obtained a general understanding of the company's legal and regulatory framework through enquiry of management concerning their understanding of relevant laws and regulations, the entity's policies and procedures regarding compliance, and how they identify, evaluate and account for litigation claims. We also drew on our existing understanding of the company's industry and regulation.

We understand that the company complies with the framework through outsourcing accounts preparation and tax compliance to external experts.

In the context of the audit, we considered those laws and regulations which determine the form and context of the financial statements, which are central to the company's ability to conduct its business, and where there is a risk that failure to comply could result n material penalties. We identified the following laws and regulations as being of significance in the context of the company:

- The Companies Act 2006 and FRS 102 in respect of the preparation and presentation of financial statements; and

- UK Taxation Law.

The senior statutory auditor led a discussion with senior members of the engagement team regarding the susceptibility in the entity's financial statements to material misstatement including how fraud might occur, The areas identifies in this discussion were:

- Manipulation of financial statements, especially revenue, via fraudulent journal entries, particularly as the size of the company means there is little opportunity for segregation of duties; and

- Manipulation of financial statements via fraudulent journal entries.

These areas were communicated to the other members of the engagement team not present at the discussion.

The procedures we carried out to gain evidence in the above areas included:

- Identifying and assessing the design and effectiveness of controls that management have in place to prevent and detect fraud;

- Understanding how those charged with governance considered and addressed the potential for override of controls or other inappropriate influence over the financial reporting process.

- Discussions with management including consideration of known or suspected instances of non-compliance with laws and regulation and fraud;

- Identifying and testing journal entries, in particular any journal entries posted with unusual account combinations and unusual words;

- Revenue recognition, we reviewed all jobs including amounts recoverable on contracts for movements in the year and investigated any inconsistencies to cover completeness;

- Rental income, we completed a proof in total, agreeing underlying agreements and documentation, investigating any anomalies; and

- Challenging assumptions and judgements made by management in their significant accounting estimates, in particular those relating to the valuation of amounts recoverable on contract, contract accruals and investment properties.

Overall, the senior statutory auditor was satisfied that the engagement team collectively had the appropriate competence and capabilities to identify or recognise irregularities.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Angela Chorlton FCA (Senior Statutory Auditor)

for and on behalf of S&W Audit

Northern Assurance Buildings

9-21 Princess Street

Manchester

M2 4DN

27 March 2026

Turnover

4

14,101,939

15,996,452

Cost of sales

(11,230,333

)

(13,541,466

)

Gross profit

2,871,606

2,454,986

Administrative expenses

(2,947,204

)

(2,497,266

)

(75,598

)

(42,280

)

Other operating income

527,700

651,031

Operating profit

6

452,102

608,751

Income from fixed asset investments

2,554

2,583

Interest receivable and similar income

213,468

167,626

Profit before taxation

668,124

778,960

Tax on profit

7

(124,015

)

(143,618

)

Profit for the financial year

544,109

635,342

Other comprehensive income

Purchase of own shares

(7,511

)

-

Income tax relating to other comprehensive income

-

-

Other comprehensive income for the year, net of income tax

(7,511

)

-

Total comprehensive income for the year

536,598

635,342

Profit attributable to:

Owners of the parent

544,109

635,342

Total comprehensive income attributable to:

Owners of the parent

536,598

635,342

Fixed assets

Tangible assets

10

434,385

449,726

Investments

11

60,954

58,569

Investment property

12

6,244,890

5,695,713

6,740,229

6,204,008

Current assets

Stocks

13

1,035,119

22,502

Debtors

14

3,753,549

3,789,197

Investments

15

6,709

6,709

Cash at bank and in hand

4,752,362

5,844,489

9,547,739

9,662,897

Creditors

Amounts falling due within one year

16

4,708,341

4,435,651

Net current assets

4,839,398

5,227,246

Total assets less current liabilities

11,579,627

11,431,254

Creditors

Amounts falling due after more than one year

17

(59,025

)

(90,830

)

Provisions for liabilities

18

(285,302

)

(379,404

)

Net assets

11,235,300

10,961,020

Capital and reserves

Called up share capital

19

52,457

52,491

Other reserves

20

64,680

64,646

Fair value reserve

20

2,493,537

2,416,793

Retained earnings

20

8,624,626

8,427,090

Shareholders' funds

11,235,300

10,961,020

The financial statements were approved by the Board of Directors and authorised for issue on 27 March 2026 and were signed on its behalf by:

D R Barker - Director

Fixed assets

Tangible assets

10

-

-

Investments

11

227,153

224,768

Investment property

12

-

-

227,153

224,768

Current assets

Debtors

14

3,750,681

2,508,358

Cash at bank

4,546,755

5,358,105

8,297,436

7,866,463

Creditors

Amounts falling due within one year

16

640,855

306,241

Net current assets

7,656,581

7,560,222

Total assets less current liabilities

7,883,734

7,784,990

Provisions for liabilities

18

-

5,500

Net assets

7,883,734

7,779,490

Capital and reserves

Called up share capital

19

52,457

52,491

Other reserves

20

66,542

66,508

Fair value reserve

20

27,051

26,918

Retained earnings

20

7,737,684

7,633,573

Shareholders' funds

7,883,734

7,779,490

Company's profit for the financial year

374,073

385,840

The financial statements were approved by the Board of Directors and authorised for issue on 27 March 2026 and were signed on its behalf by:

D R Barker - Director

Called up

Fair

share

Retained

Other

value

Total

capital

earnings

reserves

reserve

equity

£

£

£

£

£

Balance at 1 August 2023

52,491

8,199,054

64,646

2,221,376

10,537,567

Changes in equity

Dividends

-

(211,889

)

-

-

(211,889

)

Total comprehensive income

-

439,925

-

195,417

635,342

Balance at 31 July 2024

52,491

8,427,090

64,646

2,416,793

10,961,020

Changes in equity

Reduction in share capital

(34

)

-

-

-

(34

)

Dividends

-

(262,284

)

-

-

(262,284

)

Total comprehensive income

-

459,820

34

76,744

536,598

Balance at 31 July 2025

52,457

8,624,626

64,680

2,493,537

11,235,300

Called up

Fair

share

Retained

Other

value

Total

capital

earnings

reserves

reserve

equity

£

£

£

£

£

Balance at 1 August 2023

52,491

7,466,644

66,508

19,896

7,605,539

Changes in equity

Dividends

-

(211,889

)

-

-

(211,889

)

Total comprehensive income

-

378,818

-

7,022

385,840

Balance at 31 July 2024

52,491

7,633,573

66,508

26,918

7,779,490

Changes in equity

Reduction in share capital

(34

)

-

-

-

(34

)

Dividends

-

(262,284

)

-

-

(262,284

)

Total comprehensive income

-

366,395

34

133

366,562

Balance at 31 July 2025

52,457

7,737,684

66,542

27,051

7,883,734

Cash flows from operating activities

Cash generated from operations

1

(510,442

)

434,150

Tax paid

40,096

(42,285

)

Net cash from operating activities

(470,346

)

391,865

Cash flows from investing activities

Purchase of tangible fixed assets

(123,877

)

(134,434

)

Purchase of fixed asset investments

(2,202

)

(2,094

)

Purchase of investment property

(469,195

)

-

Sale of tangible fixed assets

27,300

852

Interest received

213,468

167,626

Dividends received

2,554

2,583

Net cash from investing activities

(351,952

)

34,533

Cash flows from financing activities

Amount introduced by directors

-

271

Share issue

(34

)

-

Purchase of own shares

(7,511

)

-

Equity dividends paid

(262,284

)

(211,889

)

Net cash from financing activities

(269,829

)

(211,618

)

(Decrease)/increase in cash and cash equivalents

(1,092,127

)

214,780

Cash and cash equivalents at beginning of year

2

5,844,489

5,629,709

Cash and cash equivalents at end of year

2

4,752,362

5,844,489

1.	Reconciliation of profit before taxation to cash generated from operations

2025

2024

£

£

Profit before taxation

668,124

778,960

Depreciation charges

135,633

139,273

Profit on disposal of fixed assets

(23,718

)

(635

)

Fair value adjustment

(80,165

)

(217,217

)

Finance income

(216,022

)

(170,209

)

483,852

530,172

(Increase)/decrease in stocks

(1,012,617

)

372,892

Decrease/(increase) in trade and other debtors

24,108

(1,767,835

)

(Decrease)/increase in trade and other creditors

(5,785

)

1,298,921

Cash generated from operations

(510,442

)

434,150

2.	Cash and cash equivalents

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 July 2025

31/7/25

1/8/24

£

£

Cash and cash equivalents

4,752,362

5,844,489

Year ended 31 July 2024

31/7/24

1/8/23

£

£

Cash and cash equivalents

5,844,489

5,629,709

3.	Analysis of changes in net funds

At 1/8/24

Cash flow

At 31/7/25

£

£

£

Net cash

Cash at bank and in hand

5,844,489

(1,092,127

)

4,752,362

5,844,489

(1,092,127

)

4,752,362

Liquid resources

Current asset investments

6,709

-

6,709

6,709

-

6,709

Total

5,851,198

(1,092,127

)

4,759,071

1.	Statutory information

Leck Group 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 General Information page.

2.	Statement of compliance

The Group and individual financial statements of Leck Group Limited have been prepared in compliance with United Kingdom Accounting Standards, including Financial Reporting Standard 102, ‘‘The Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland’’ (‘‘FRS 102’’) and the Companies Act 2006.

3.	Accounting policies

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Basis of consolidation

The group financial statements consolidate the financial statements of the company and its subsidiary undertakings drawn up to 31 July 2025.

Subsidiary undertakings are included using the acquisitions method of accounting. Under this method the group profit and loss account and statement of cashflows include the results and cashflows of subsidiaries from the date of acquisition and to the date of sale outside the group in the case of disposals of subsidiaries. The purchase consideration has been allocated to the assets and liabilities on the basis of fair value at the date of acquisition.

Significant judgements and estimates

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

There are not considered to be any critical judgements in applying the company's accounting policies.

The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amounts of assets or liabilities within the next financial year are addressed below.

(i) Provisions

Provision is made for work which has been undertaken by sub-contractors during the year but not invoiced at the year end. This provision requires management's best estimate of these costs.

(ii) Investment property

Investment property is shown at fair value. Any aggregate surplus or deficit arising from changes in market value is charged or credited to the profit and loss account and then transferred to a non-distributable reserve, net of any deferred tax. The fair value of the investment property is calculated from reviewing market data available and looking at yields of similar properties and adjusting accordingly to reflect the condition of the properties.

Although this accounting policy is in accordance with FRS 102 it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view.