Company registration number 05714731 (England and Wales)
LEONARDT LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
PAGES FOR FILING WITH REGISTRAR
LEONARDT LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 8
LEONARDT LIMITED
BALANCE SHEET
AS AT
31 MARCH 2026
31 March 2026
- 1 -
2026
2025
Notes
£
£
£
£
Fixed assets
Tangible assets
4
644,452
683,568
Investments
5
5
5
644,457
683,573
Current assets
Stocks
1,331,775
1,230,647
Debtors
6
995,007
1,140,329
Cash at bank and in hand
37,011
137
2,363,793
2,371,113
Creditors: amounts falling due within one year
7
(1,261,947)
(1,267,760)
Net current assets
1,101,846
1,103,353
Total assets less current liabilities
1,746,303
1,786,926
Creditors: amounts falling due after more than one year
8
(19,778)
(19,265)
Provisions for liabilities
(141,847)
(148,022)
Net assets
1,584,678
1,619,639
Capital and reserves
Called up share capital
9
80,000
80,000
Profit and loss reserves
1,504,678
1,539,639
Total equity
1,584,678
1,619,639

The notes on pages 3 to 8 form part of these financial statements.

LEONARDT LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2026
31 March 2026
- 2 -

For the financial year ended 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 6 August 2026 and are signed on its behalf by:
Mr W A Parkin
Director
Company registration number 05714731 (England and Wales)
LEONARDT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
- 3 -
1
Accounting policies
Company information

Leonardt Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Upper Factory Main Road, Highley, Bridgnorth, Shropshire, WV16 6NN.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Intangible fixed assets - goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

1.4
Tangible fixed assets
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of original acquisition less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings Leasehold
10% straight line
Plant and machinery
10% / 15% / 20% / 33% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.6
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

LEONARDT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
1
Accounting policies
(Continued)
- 4 -
1.7
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.8
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.10
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

LEONARDT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
1
Accounting policies
(Continued)
- 5 -
1.11
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.12
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.13
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.14
Leases

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

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

1.15
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

LEONARDT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 6 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2026
2025
Number
Number
Total
52
50
3
Intangible fixed assets
Purchased Goodwill
Negative Goodwill
Total
£
£
£
Cost
At 1 April 2025 and 31 March 2026
49,300
(855,873)
(806,573)
Amortisation and impairment
At 1 April 2025 and 31 March 2026
49,300
(855,873)
(806,573)
Carrying amount
At 31 March 2026
-
0
-
0
-
0
At 31 March 2025
-
0
-
0
-
0

Negative goodwill arose on the purchase of the trade and assets of the company on 20 March 2006. It has been released to the profit and loss account in line with the depreciation of fixed assets as this is the asset category where the negative goodwill arose.

4
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 April 2025
78,250
3,083,037
3,161,287
Additions
-
0
89,685
89,685
Disposals
-
0
(27,908)
(27,908)
At 31 March 2026
78,250
3,144,814
3,223,064
Depreciation and impairment
At 1 April 2025
46,114
2,431,605
2,477,719
Depreciation charged in the year
2,158
126,391
128,549
Eliminated in respect of disposals
-
0
(27,656)
(27,656)
At 31 March 2026
48,272
2,530,340
2,578,612
Carrying amount
At 31 March 2026
29,978
614,474
644,452
At 31 March 2025
32,136
651,432
683,568
LEONARDT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 7 -
5
Fixed asset investments
2026
2025
£
£
Shares in group undertakings and participating interests
5
5
Fixed asset investments not carried at market value

The investments are carried at initial cost and reviewed annually by the directors.

6
Debtors
2026
2025
Amounts falling due within one year:
£
£
Trade debtors
712,587
898,421
Amounts owed by group undertakings
143,014
143,014
Other debtors
139,406
98,894
995,007
1,140,329
7
Creditors: amounts falling due within one year
2026
2025
£
£
Bank loans
10,355
18,612
Trade creditors
766,280
690,802
Corporation tax
73,817
69,332
Other taxation and social security
33,248
27,387
Other creditors
378,247
461,627
1,261,947
1,267,760
8
Creditors: amounts falling due after more than one year
2026
2025
£
£
Bank loans and overdrafts
-
0
10,354
Other creditors
19,778
8,911
19,778
19,265

The long-term loans are secured by fixed charges over the assets of the company.

9
Called up share capital
2026
2025
2026
2025
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
80,000
80,000
80,000
80,000
LEONARDT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 8 -
10
Operating lease commitments
As lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2026
2025
£
£
Total commitments
1,062,000
1,167,385
11
Parent company

The company's ultimate parent company at the balance sheet date was Leonardt (Holdings) Limited, a company registered in England and Wales.

2026-03-31 2025-04-01 false false false 05 August 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity Mr W A Parkin Mr R E Moorcroft Mr D A Sherwood Mr K J Harrison 05714731 2025-04-01 2026-03-31 05714731 2026-03-31 05714731 2025-03-31 05714731 core:LandBuildings 2026-03-31 05714731 core:OtherPropertyPlantEquipment 2026-03-31 05714731 core:LandBuildings 2025-03-31 05714731 core:OtherPropertyPlantEquipment 2025-03-31 05714731 core:CurrentFinancialInstruments core:WithinOneYear 2026-03-31 05714731 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 05714731 core:Non-currentFinancialInstruments core:AfterOneYear 2026-03-31 05714731 core:Non-currentFinancialInstruments core:AfterOneYear 2025-03-31 05714731 core:CurrentFinancialInstruments 2026-03-31 05714731 core:CurrentFinancialInstruments 2025-03-31 05714731 core:Non-currentFinancialInstruments 2026-03-31 05714731 core:Non-currentFinancialInstruments 2025-03-31 05714731 core:ShareCapital 2026-03-31 05714731 core:ShareCapital 2025-03-31 05714731 core:RetainedEarningsAccumulatedLosses 2026-03-31 05714731 core:RetainedEarningsAccumulatedLosses 2025-03-31 05714731 core:ShareCapitalOrdinaryShareClass1 2026-03-31 05714731 core:ShareCapitalOrdinaryShareClass1 2025-03-31 05714731 bus:Director1 2025-04-01 2026-03-31 05714731 core:Goodwill 2025-04-01 2026-03-31 05714731 core:LandBuildings core:LongLeaseholdAssets 2025-04-01 2026-03-31 05714731 core:PlantMachinery 2025-04-01 2026-03-31 05714731 2024-04-01 2025-03-31 05714731 core:Goodwill 2025-03-31 05714731 core:PatentsTrademarksLicencesConcessionsSimilar 2025-03-31 05714731 2025-03-31 05714731 core:Goodwill 2026-03-31 05714731 core:PatentsTrademarksLicencesConcessionsSimilar 2026-03-31 05714731 core:Goodwill 2025-03-31 05714731 core:PatentsTrademarksLicencesConcessionsSimilar 2025-03-31 05714731 core:LandBuildings 2025-03-31 05714731 core:OtherPropertyPlantEquipment 2025-03-31 05714731 core:LandBuildings 2025-04-01 2026-03-31 05714731 core:OtherPropertyPlantEquipment 2025-04-01 2026-03-31 05714731 bus:OrdinaryShareClass1 2025-04-01 2026-03-31 05714731 bus:OrdinaryShareClass1 2026-03-31 05714731 bus:OrdinaryShareClass1 2025-03-31 05714731 bus:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 05714731 bus:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-31 05714731 bus:FRS102 2025-04-01 2026-03-31 05714731 bus:AuditExemptWithAccountantsReport 2025-04-01 2026-03-31 05714731 bus:Director2 2025-04-01 2026-03-31 05714731 bus:Director3 2025-04-01 2026-03-31 05714731 bus:Director4 2025-04-01 2026-03-31 05714731 bus:FullAccounts 2025-04-01 2026-03-31 xbrli:pure xbrli:shares iso4217:GBP