REGISTERED NUMBER: 03571313 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2026

for

LEARY BROTHERS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C V Leary

Mrs J Leary

SECRETARY:

Mrs J Leary

REGISTERED OFFICE:

153-155 London Road

Hemel Hempstead

Hertfordshire

HP3 9SQ

REGISTERED NUMBER:

03571313 (England and Wales)

FIXED ASSETS

Tangible assets

4

113,200

129,936

CURRENT ASSETS

Stocks

965,269

879,547

Debtors

5

200,704

1,182,769

Cash at bank

1,877,779

1,350,438

3,043,752

3,412,754

CREDITORS

Amounts falling due within one year

6

1,309,856

2,083,747

NET CURRENT ASSETS

1,733,896

1,329,007

TOTAL ASSETS LESS CURRENT LIABILITIES

1,847,096

1,458,943

CREDITORS

Amounts falling due after more than one year

7

-

(1,060

)

PROVISIONS FOR LIABILITIES

8

(28,300

)

(32,484

)

NET ASSETS

1,818,796

1,425,399

CAPITAL AND RESERVES

Called up share capital

9

2

2

Capital redemption reserve

10

1

1

Retained earnings

10

1,818,793

1,425,396

SHAREHOLDERS' FUNDS

1,818,796

1,425,399

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2026 and were signed on its behalf by:

Mrs J Leary - Director

1.	STATUTORY INFORMATION

Leary Brothers 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.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Motor vehicles

-

25% on cost

Stocks

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

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Assets acquired under hire purchase agreements and finance leases are capitalised in the balance sheet and are depreciated in accordance with the company's normal policy. The outstanding liabilities under such agreements less interest not yet due are included in creditors. Interest on such agreements is charged to the profit and loss account over the term of each agreement and represents a constant proportion of the balance of capital repayments outstanding.

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.

Going concern

After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company, therefore, continues to adopt the going concern basis in preparing its financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2025 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Motor

vehicles

£

COST

At 1 April 2025

304,723

Additions

29,395

Disposals

(19,500

)

At 31 March 2026

314,618

DEPRECIATION

At 1 April 2025

174,787

Charge for year

46,131

Eliminated on disposal

(19,500

)

At 31 March 2026

201,418

NET BOOK VALUE

At 31 March 2026

113,200

At 31 March 2025

129,936

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 April 2025

and 31 March 2026

35,280

DEPRECIATION

At 1 April 2025

17,664

Charge for year

8,200

At 31 March 2026

25,864

NET BOOK VALUE

At 31 March 2026

9,416

At 31 March 2025

17,616

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

177,141

1,161,520

Other debtors

23,563

21,249

200,704

1,182,769

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Hire purchase contracts

1,060

12,328

Trade creditors

397,016

342,210

Taxation and social security

290,054

517,020

Other creditors

621,726

1,212,189

1,309,856

2,083,747

Other creditors includes an amount of £531,181 (2025: £945,633 which represents work billed on account of projects that were incomplete at the year end.

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Hire purchase contracts

-

1,060

8.	PROVISIONS FOR LIABILITIES

2026

2025

£

£

Deferred tax

Accelerated capital allowances

28,300

32,484

Deferred

tax

£

Balance at 1 April 2025

32,484

Credit to Income Statement during year

(4,184

)

Balance at 31 March 2026

28,300

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

2

Ordinary

£1

2

2

During the year, one ordinary share was cancelled on the purchase of the share out of reserves by the company.

10.

RESERVES

Capital

Retained

redemption

earnings

reserve

Totals

£

£

£

At 1 April 2025

1,425,396

1

1,425,397

Profit for the year

543,397

543,397

Dividends

(150,000

)

(150,000

)

At 31 March 2026

1,818,793

1

1,818,794