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Registered number: 13773942
Leaf One Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2025
MAP ACCOUNTANTS LTD
16 Blackfriars Street
Manchester
M3 5BQ
Leaf One Ltd
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—6

Page 1
Leaf One Ltd
Balance Sheet
As At 30 November 2025
Balance Sheet
Registered number: 13773942

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Intangible Assets | 4 |  | 220,347 |  | 206,514
Tangible Assets | 5 |  | 3,496 |  | 4,661
|  |  | 223,843 |  | 211,175
CURRENT ASSETS
Debtors | 6 | 40,867 |  | 38,749 |
Cash at bank and in hand |  | 8,836 |  | 17,180 |
|  | 49,703 |  | 55,929 |
Creditors: Amounts Falling Due Within One Year | 7 | (203,594 ) |  | (189,598 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (153,891 ) |  | (133,669 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 69,952 |  | 77,506
Creditors: Amounts Falling Due After More Than One Year | 8 |  | (12,418 ) |  | (29,220 )
PROVISIONS FOR LIABILITIES
Deferred Taxation | 9 |  | (37,590 ) |  | (34,423 )
NET ASSETS |  |  | 19,944 |  | 13,863
CAPITAL AND RESERVES
Called up share capital | 10 |  | 100 |  | 100
Profit and Loss Account |  |  | 19,844 |  | 13,763
SHAREHOLDERS' FUNDS |  |  | 19,944 |  | 13,863

Page 1
Page 2
Leaf One Ltd
Balance Sheet (continued)
As At 30 November 2025
For the year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

Mr Ian Bufton Director
13th May 2026

The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Leaf One Ltd
Notes to the Financial Statements
For The Year Ended 30 November 2025
Notes to the Financial Statements
1. General Information
Leaf One Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13773942 . The registered office is 16 Blackfriars Street, Salford, England, M3 5BQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. Research and Development
Expenditure on research and development is written off in the year it is incurred, or capitalised where relevant. Research and development assets are amortised to the profit and loss account over its estimated economic life of 10 years. This represents investment in research and development that has been captialised as it is in the development phase and meets the critea set out in FRS 102, para 18.4.
2.5. 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:

Fixtures & Fittings | 25% Reducing Balance
Computer Equipment | 25% Reducing Balance

2.6. 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 company. 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.
Page 3
Page 4
Leaf One Ltd
Notes to the Financial Statements (continued)
For The Year Ended 30 November 2025
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2024: 4)
3 4
4. Intangible Assets

| Goodwill | Development Costs | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 December 2024 | 40,000 | 195,007 | 235,007
Additions | - | 37,647 | 37,647
As at 30 November 2025 | 40,000 | 232,654 | 272,654
Amortisation
As at 1 December 2024 | 10,000 | 18,493 | 28,493
Provided during the period | 4,000 | 19,814 | 23,814
As at 30 November 2025 | 14,000 | 38,307 | 52,307
Net Book Value
As at 30 November 2025 | 26,000 | 194,347 | 220,347
As at 1 December 2024 | 30,000 | 176,514 | 206,514

Page 4
Page 5
Leaf One Ltd
Notes to the Financial Statements (continued)
For The Year Ended 30 November 2025
5. Tangible Assets

| Fixtures & Fittings | Computer Equipment | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 December 2024 | 2,271 | 7,190 | 9,461
As at 30 November 2025 | 2,271 | 7,190 | 9,461
Depreciation
As at 1 December 2024 | 1,063 | 3,737 | 4,800
Provided during the period | 302 | 863 | 1,165
As at 30 November 2025 | 1,365 | 4,600 | 5,965
Net Book Value
As at 30 November 2025 | 906 | 2,590 | 3,496
As at 1 December 2024 | 1,208 | 3,453 | 4,661

6. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 25,472 |  | 19,230
Prepayments and accrued income | 3,055 |  | 4,804
Other debtors | 1,000 |  | 1,000
Corporation tax recoverable assets | 11,340 |  | 13,715
| 40,867 |  | 38,749

7. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 1,224 |  | 1,030
Bank loans and overdrafts | 17,343 |  | 17,343
Other taxes and social security | 1,915 |  | 3,003
VAT | 9,274 |  | 5,162
Net wages | 6,086 |  | -
Other creditors | 435 |  | 495
Accruals and deferred income | 20,722 |  | 15,970
Directors' loan accounts | 146,595 |  | 146,595
| 203,594 |  | 189,598

8. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank loans | 12,418 |  | 29,220

Page 5
Page 6
Leaf One Ltd
Notes to the Financial Statements (continued)
For The Year Ended 30 November 2025
9. Deferred Taxation
The provision for deferred tax is made up as follows:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Other timing differences | 37,590 |  | 34,423

11. Financial Instruments
At 30 November 2025, the company has a loan of £23,077 outstanding (2024: £34,615), which is secured by way of fixed and floating charges and a negative pledge.
12. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Not later than one year | 4,234 |  | 4,619
Later than one year and not later than five years | 1,764 |  | 6,544
| 5,998 |  | 11,163

13. Related Party Transactions
Ian BuftonShareholder and a Director of Leaf One LtdAs at the Year End November 2025, Leaf One Ltd owes an amount of £91,607 to Ian Bufton. The loan is interest-free, unsecured, and repayable on demand.

Ian Bufton

Shareholder and a Director of Leaf One Ltd

As at the Year End November 2025, Leaf One Ltd owes an amount of £91,607 to Ian Bufton. The loan is interest-free, unsecured, and repayable on demand.

Kathryn ToddShareholder and a Director of Leaf One LtdAs at the Year End November 2025, Leaf One Ltd owes an amount of £25,000 to Kathryn Todd. The loan is interest-free, unsecured, and repayable on demand.

Kathryn Todd

Shareholder and a Director of Leaf One Ltd

As at the Year End November 2025, Leaf One Ltd owes an amount of £25,000 to Kathryn Todd. The loan is interest-free, unsecured, and repayable on demand.

Roger MathersShareholder and a Director of Leaf One LtdAs at the Year End November 2025, Leaf One Ltd owes an amount of £29,988 to Roger Mathers. The loan is interest-free, unsecured, and repayable on demand.

Roger Mathers

Shareholder and a Director of Leaf One Ltd

As at the Year End November 2025, Leaf One Ltd owes an amount of £29,988 to Roger Mathers. The loan is interest-free, unsecured, and repayable on demand.

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