Leach Brothers Limited

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

Registered number: 04856107

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible assets	4		691,191		415,139

			691,191		415,139
CURRENT ASSETS
Stocks		107,107		157,703
Debtors	5	1,125,914		831,788
Cash at bank and in hand		318,531		930,840

		1,551,552		1,920,331
Creditors: Amounts Falling Due Within One Year	6	(725,152 )		(516,513 )

NET CURRENT ASSETS (LIABILITIES)			826,400		1,403,818

TOTAL ASSETS LESS CURRENT LIABILITIES			1,517,591		1,818,957

Creditors: Amounts Falling Due After More Than One Year	7		(15,500 )		-

PROVISIONS FOR LIABILITIES
Deferred Taxation			(102,150 )		(103,785 )

NET ASSETS			1,399,941		1,715,172

CAPITAL AND RESERVES
Called up share capital	9		50		100
Capital redemption reserve			50		-
Profit and Loss Account			1,399,841		1,715,072

SHAREHOLDERS' FUNDS			1,399,941		1,715,172

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Leach Brothers Limited

Balance Sheet (continued)

As At 31 August 2025

For the year ending 31 August 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 T F Leach

Director

29th May 2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Leach Brothers Limited is a private company, limited by shares, incorporated in England & Wales. The company's registered number and registered office address can be found on the Company Information page.

The company's place of business is Old Market Field Industrial Estate, Witheridge, Tiverton, Devon, EX16 8TA .

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

This is measured at the fair value of the consideration received or receivable from the sale of goods and services, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised when goods and services are delivered to customers such that risks and rewards of ownership have been transferred to them and that there is sufficient reliable evidence that delivery of goods and services has occurred.

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% reducing balance
Plant & Machinery	15% & 25% reducing balance and 20% straight line

2.4. Leasing and Hire Purchase Contracts

Leases are classified as finance leases when the terms of the lease transfer substantially all the risks and rewards of ownership to the company. All other leases are classified as operating leases.

Rentals payable under operating leases are charged to the profit and loss on a straight-line basis over the term of the lease.

2.5. Stocks and Work in Progress

Stocks have been valued at the lower of cost and estimated selling price less costs to complete and sell.

Cost is calculated on a first in first out basis.

In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of completion

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Leach Brothers Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

2.6. Taxation

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 11 (2024: 9)

4. Tangible assets

	Land & Buildings	Plant & Machinery etc.	Total
	£	£	£
Cost
As at 1 September 2024	-	1,096,696	1,096,696
Additions	282,592	124,404	406,996
Disposals	-	(196,975 )	(196,975 )

As at 31 August 2025	282,592	1,024,125	1,306,717

Depreciation
As at 1 September 2024	-	681,557	681,557
Provided during the period	-	84,904	84,904
Disposals	-	(150,935 )	(150,935 )

As at 31 August 2025	-	615,526	615,526

Net Book Value
As at 31 August 2025	282,592	408,599	691,191

As at 1 September 2024	-	415,139	415,139

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Leach Brothers Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:

	2025	2024
	£	£
Plant & Machinery	68,850	-

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	1,096,718	811,376
Other debtors	29,196	20,412

	1,125,914	831,788

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	15,600	-
Trade creditors	281,794	324,413
Other creditors	224,840	142,606
Taxation and social security	202,918	49,494

	725,152	516,513

The company's bankers, NatWest Bank PLC, hold a debenture over the company's assets dated 9th July 2004.

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

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	15,500	-

8. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	15,600	-
Later than one year and not later than five years	15,500	-

	31,100	-

	31,100	-

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Leach Brothers Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	50	100

Purchase of own shares

During the year the company purchased 50 of its own £1 ordinary shares at a total consideration of £500,000. The shares were acquired out of the company’s distributable profits and have subsequently been cancelled. The nominal value of the cancelled shares (£50) was transferred to a capital redemption reserve.

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