LEISURE AND LETTINGS LIMITED


Directors	ELWELL, Carol
	ELWELL, David


Registered Address	Canal Yard
	York Street
	Stourport On Severn
	DY13 9EH


Registered Number	09230119 (England and Wales)

Statement of Financial Position
31 March 2026

	Notes	2026		2025
		£	£	£	£
Fixed assets
Tangible assets	3		4,838		5,723
			4,838		5,723
Current assets
Stocks	4	1,077,733		1,077,733
Debtors	5	2,330		2,281
Cash at bank and on hand		10,798		5,608
		1,090,861		1,085,622
Creditors amounts falling due within one year	6	(633,507)		(654,189)
Net current assets (liabilities)			457,354		431,433
Total assets less current liabilities			462,192		437,156
Creditors amounts falling due after one year	7		(344,228)		(343,662)
Net assets			117,964		93,494
Capital and reserves
Called up share capital			100		100
Profit and loss account			117,864		93,394
Shareholders' funds			117,964		93,494

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 24 June 2026, and are signed on its behalf by:

ELWELL, Carol
Director
Registered Company No. 09230119

LEISURE AND LETTINGS LIMITED

Notes to the Financial Statements
for the year ended 31 March 2026

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	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.

	Current taxation
	Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

Current taxation

Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income.

Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


		Straight line (years)
	Plant and machinery	4
	Vehicles	4
	Office Equipment	4

	Stocks and work in progress
	Work in progress is valued at the lower of cost and net realisable value. Cost is calculated using the first in, first out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

2.	Average number of employees


		2026		2025
	Average number of employees during the year	0		0

3.	Tangible fixed assets

	Plant & machinery	Vehicles	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 April 25	1,343	16,093	5,334	22,770
Additions	1,000	-	-	1,000
At 31 March 26	2,343	16,093	5,334	23,770
Depreciation and impairment
At 01 April 25	385	16,093	569	17,047
Charge for year	551	1,334	-	1,885
At 31 March 26	936	17,427	569	18,932
Net book value
At 31 March 26	1,407	(1,334)	4,765	4,838
At 31 March 25	958	-	4,765	5,723

4.	Stocks

	2026	2025
	£	£
Work in progress	1,077,733	1,077,733
Total	1,077,733	1,077,733

5.	Debtors: amounts due within one year

	2026	2025
	£	£
Trade debtors / trade receivables	1,442	1,442
Other debtors	211	120
Prepayments and accrued income	677	719
Total	2,330	2,281

6.	Creditors: amounts due within one year

	2026	2025
	£	£
Trade creditors / trade payables	400	96
Bank borrowings and overdrafts	1,916	4,089
Taxation and social security	9,205	6,294
Other creditors	621,986	643,710
Total	633,507	654,189

7.	Creditors: amounts due after one year

	2026	2025
	£	£
Bank borrowings and overdrafts	344,228	343,662
Total	344,228	343,662

8.	Secured creditors
	Included in bank loans in a secured debt in the favour of Barclays Bank PLC. The debt is secured against freehold properties which are held in stock.