REGISTERED NUMBER: 04282112 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 January 2026

for

Leeds Test Objects Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A P Walker

K Watson

SECRETARY:

E M Walker

REGISTERED OFFICE:

Miro House Becklands Close

Bar Lane

Roecliffe

York

YO51 9NR

REGISTERED NUMBER:

04282112 (England and Wales)

ACCOUNTANTS:

Clive Owen LLP

Chartered Accountants

Oak Tree House, Harwood Road

Northminster Business Park

Upper Poppleton

York

YO26 6QU

FIXED ASSETS

Intangible assets

4

8,733

19,032

Tangible assets

5

250,683

87,949

259,416

106,981

CURRENT ASSETS

Stocks

6

428,429

398,032

Debtors

7

153,394

326,682

Cash at bank and in hand

1,394,416

1,270,422

1,976,239

1,995,136

CREDITORS

Amounts falling due within one year

8

120,167

93,336

NET CURRENT ASSETS

1,856,072

1,901,800

TOTAL ASSETS LESS CURRENT LIABILITIES

2,115,488

2,008,781

PROVISIONS FOR LIABILITIES

10

54,087

11,604

NET ASSETS

2,061,401

1,997,177

CAPITAL AND RESERVES

Called up share capital

11

100

100

Retained earnings

2,061,301

1,997,077

SHAREHOLDERS' FUNDS

2,061,401

1,997,177

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 June 2026 and were signed on its behalf by:

A P Walker - Director

1.	STATUTORY INFORMATION

Leeds Test Objects 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 Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

There were no material departures from that standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Income recognition

Turnover is recognised at the point at which the risks and rewards of the goods are transferred to the customer and the services are rendered.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Intellectual property are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures, fittings & equipment

-

33.33% on cost, 25% reducing balance, 20% on cost and 12.5% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

33.33% on cost, 25% reducing balance and 20% on cost

Tangible fixed assets are measured at cost less accumulated depreciation and impairment.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2025 - 16 ) .

4.	INTANGIBLE FIXED ASSETS

Intellectual

Goodwill

property

Totals

£

£

£

COST

At 1 February 2025

and 31 January 2026

46,996

4,500

51,496

AMORTISATION

At 1 February 2025

29,764

2,700

32,464

Amortisation for year

9,399

900

10,299

At 31 January 2026

39,163

3,600

42,763

NET BOOK VALUE

At 31 January 2026

7,833

900

8,733

At 31 January 2025

17,232

1,800

19,032

5.	TANGIBLE FIXED ASSETS

Fixtures,

fittings

Motor

Computer

& equipment

vehicles

equipment

Totals

£

£

£

£

COST

At 1 February 2025

75,847

104,425

15,213

195,485

Additions

209,730

-

1,569

211,299

At 31 January 2026

285,577

104,425

16,782

406,784

DEPRECIATION

At 1 February 2025

54,826

42,067

10,643

107,536

Charge for year

20,886

26,106

1,573

48,565

At 31 January 2026

75,712

68,173

12,216

156,101

NET BOOK VALUE

At 31 January 2026

209,865

36,252

4,566

250,683

At 31 January 2025

21,021

62,358

4,570

87,949

6.

STOCKS

2026

2025

£

£

Stocks

428,429

398,032

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

119,291

241,208

Tax debtor

18,789

58,760

Prepayments

15,314

26,714

153,394

326,682

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

94,603

50,859

Taxation and social security

14,435

26,897

Other creditors

-

66

Accruals and deferred income

11,129

15,514

120,167

93,336

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2026

2025

£

£

Within one year

27,300

27,084

Between one and five years

4,550

31,850

31,850

58,934

10.	PROVISIONS FOR LIABILITIES

2026

2025

£

£

Deferred tax

54,087

11,604

Deferred

tax

£

Balance at 1 February 2025

11,604

Provided during year

42,483

Movement in the year

Balance at 31 January 2026

54,087

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

100

Ordinary

£1

100

100

12.	ULTIMATE CONTROLLING PARTY

The company is controlled by Walker Medical & Scientific Ltd, a private company, limited by shares, registered in England and Wales. The company's registered office is Miro House, Becklands Close, Boroughbridge, York, North Yorkshire, YO51 9NR.