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Registration number: NI058807

Bovill Lead Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 March 2026

Bovill Lead Limited

Contents

Balance Sheet | 1
Notes to the Unaudited Financial Statements | 2 to 6

Bovill Lead Limited

(Registration number: NI058807)
Balance Sheet as at 31 March 2026

| Note | 2026 £ | 2025 £
Fixed assets |  |  |
Tangible assets | 4 | 166,591 | 112,826
Current assets |  |  |
Stocks | 5 | 22,996 | 43,353
Debtors | 6 | 17,950 | 86,673
Cash at bank and in hand |  | 75,609 | 33,200
|  | 116,555 | 163,226
Creditors: Amounts falling due within one year | 8 | (70,503) | (103,492)
Net current assets |  | 46,052 | 59,734
Total assets less current liabilities |  | 212,643 | 172,560
Provisions for liabilities |  | (40,404) | (24,288)
Net assets |  | 172,239 | 148,272
Capital and reserves |  |  |
Called up share capital | 7 | 100 | 100
Retained earnings |  | 172,139 | 148,172
Shareholders' funds |  | 172,239 | 148,272

For the financial year ending 31 March 2026 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 accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 1 July 2026 and signed on its behalf by:

......................................... Mr Samuel Hugh Bovill Director

Bovill Lead Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

1 | General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is:
51-53 Thomas Street
Ballymena
Co. Antrim
BT43 6AZ
Northern Ireland

The principal place of business is:
170E Largy Road
Ahoghill
Ballymena
Co Antrim
BT42 2RQ

These financial statements were authorised for issue by the Board on 1 July 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Bovill Lead Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Land and buildings | 2% straight line
Plant and machinery | 20% straight line
Fixture and fittings | 20% straight line
Motor vehicles | 20% straight line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Bovill Lead Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2025 - 4).

Bovill Lead Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

4 | Tangible assets

| Land and buildings £ | Plant and machinery £ | Furniture, fittings and equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 April 2025 | 20,980 | 103,407 | 63,041 | 93,925 | 281,353
Additions | - | 50,896 | 916 | 64,458 | 116,270
Disposals | - | - | - | (26,896) | (26,896)
At 31 March 2026 | 20,980 | 154,303 | 63,957 | 131,487 | 370,727
Depreciation
At 1 April 2025 | 4,849 | 92,187 | 22,780 | 48,711 | 168,527
Charge for the year | 420 | 15,789 | 10,401 | 26,298 | 52,908
Eliminated on disposal | - | - | - | (17,299) | (17,299)
At 31 March 2026 | 5,269 | 107,976 | 33,181 | 57,710 | 204,136
Carrying amount
At 31 March 2026 | 15,711 | 46,327 | 30,776 | 73,777 | 166,591
At 31 March 2025 | 16,131 | 11,220 | 40,261 | 45,214 | 112,826

Included within the net book value of land and buildings above is £15,712 (2025 - £16,131) in respect of freehold land and buildings.

5 | Stocks

| 2026 £ | 2025 £
Work in progress | 282 | 1,923
Stock | 22,714 | 41,430
| 22,996 | 43,353

6 | Debtors

Current | 2026 £ | 2025 £
Trade debtors | 17,950 | 86,673
| 17,950 | 86,673

7 | Share capital

Allotted, called up and fully paid shares

Bovill Lead Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

| 2026 | 2025
| No. | £ | No. | £
Ordinary shares of £1 each | 100 | 100 | 100 | 100

8 | Creditors

Creditors: amounts falling due within one year

| Note | 2026 £ | 2025 £
Due within one year |  |  |
Trade creditors |  | 23,816 | 39,433
Amounts due to related parties |  | 2,029 | 2,822
Social security and other taxes |  | 948 | 19,122
Other payables |  | 3,211 | 1,287
Accruals |  | 6,084 | 6,167
Income tax liability |  | 34,415 | 34,661
|  | 70,503 | 103,492