ACCOUNTS - Final Accounts preparation

Company registration number: 00751740

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 DECEMBER 2025

	LEONARD OAKLEY CONTRACTS LIMITED


LEONARD OAKLEY CONTRACTS LIMITED

COMPANY INFORMATION

Director	D Cooke


Company secretary	D Cooke


Registered number	00751740


Registered office	109 Manor Road
	Walton on Thames
	Surrey
	KT12 2NZ


Accountants	Menzies LLP
	Chartered Accountants
	2nd Floor, Midas House
	62 Goldsworth Road
	Woking
	Surrey
	GU21 6LQ


LEONARD OAKLEY CONTRACTS LIMITED

CONTENTS

	Page
Statement of Financial Position	1 - 2
Notes to the Financial Statements	3 - 6


LEONARD OAKLEY CONTRACTS LIMITED REGISTERED NUMBER:00751740

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	4		132,790		150,486
			132,790		150,486
Current assets
Stocks		53,000		91,500
Debtors: amounts falling due within one year	5	327,739		143,136
Cash at bank and in hand		405,248		595,952
		785,987		830,588
Creditors: amounts falling due within one year	6	(230,954)		(289,924)
Net current assets			555,033		540,664
Total assets less current liabilities			687,823		691,150
Provisions for liabilities
Deferred tax		(18,926)		(12,589)
Other provisions	7	(135,000)		(135,000)
			(153,926)		(147,589)
Net assets			533,897		543,561

Capital and reserves
Called up share capital	37,500	37,500
Capital redemption reserve	37,500	37,500
Profit and loss account	458,897	468,561
	533,897	543,561

Page 1


LEONARD OAKLEY CONTRACTS LIMITED REGISTERED NUMBER:00751740

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 DECEMBER 2025

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

D Cooke

Director

Date: 13 August 2026

The notes on pages 3 to 6 form part of these financial statements.

Page 2


LEONARD OAKLEY CONTRACTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1.	General information

Leonard Oakley Contracts Limited is a private company limited by shares incorporated and domiciled in England and Wales under the Companies Act 2006. The registered number for Leonard Oakley Contracts Limited is 00751740. The address of the registered office and principal place of business is disclosed on the company information page

The Company's functional and presentational currency is GBP.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.3

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

Page 3


LEONARD OAKLEY CONTRACTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Leasehold improvements	-	20%	Straight line
Motor vehicles	-	25%	Reducing balance
Office furniture and equipment	-	33%	Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is 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.

2.6

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.

Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Increases in provisions are generally charged as an expense to profit or loss.

Employees

The average monthly number of employees, including directors, during the year was 11 (2024 - 9).

Page 4


LEONARD OAKLEY CONTRACTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

4.	Tangible fixed assets

	Leasehold Improvement	Motor vehicles	Office furniture and equipment	Total
	£	£	£	£
Cost or valuation
At 1 January 2025	135,000	165,644	847	301,491
Additions	-	42,433	-	42,433
Disposals	-	(30,565)	-	(30,565)
At 31 December 2025	135,000	177,512	847	313,359
Depreciation
At 1 January 2025	54,000	96,158	847	151,005
Charge for the year on owned assets	27,000	22,727	-	49,727
Disposals	-	(20,163)	-	(20,163)
At 31 December 2025	81,000	98,722	847	180,569
Net book value
At 31 December 2025	54,000	78,790	-	132,790
At 31 December 2024	81,000	69,486	-	150,486

Debtors

					2025	2024
					£	£


Trade debtors	318,499	134,261
Prepayments and accrued income	9,240	8,875
	327,739	143,136

Page 5


LEONARD OAKLEY CONTRACTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	53,905	63,246
Corporation tax	23,998	27,115
Other taxation and social security	104,282	62,305
Other creditors	17,575	10,982
Accruals and deferred income	31,194	126,276
	230,954	289,924

7.	Provisions

		Dilapidation provision
		£

	At 1 January 2025	135,000
	At 31 December 2025	135,000

The dilapidation provision represents management's best estimate of the cost required to restore the leased property to its original condition at the end of the lease term. This provision has been capitalised as part of the cost of the leasehold property and will be depreciated over the remaining life of the lease.

Page 6