R and D (Leather) Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 06606646 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2026

for

R and D (Leather) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

R D Malone

REGISTERED OFFICE:

The Yard

19 Brooks Road

STREET

Somerset

BA16 0PN

REGISTERED NUMBER:

06606646 (England and Wales)

ACCOUNTANTS:

A C Mole LLP

Stafford House

Blackbrook Park Avenue

TAUNTON

Somerset

TA1 2PX

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

171,618

183,618

Investment property

6

140,000

311,618

323,618

CURRENT ASSETS

Stocks

45,469

38,500

Debtors

7

543,105

954,809

Cash at bank

737,373

716,922

1,325,947

1,710,231

CREDITORS

Amounts falling due within one year

8

339,160

756,575

NET CURRENT ASSETS

986,787

953,656

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,298,405

1,277,274

CREDITORS

Amounts falling due after more than one year

9

56,210

79,884

NET ASSETS

1,242,195

1,197,390

CAPITAL AND RESERVES

Called up share capital

1,000

Retained earnings

1,241,195

1,196,390

SHAREHOLDERS' FUNDS

1,242,195

1,197,390

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 director acknowledges his 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 director and authorised for issue on 12 August 2026 and were signed by:

R D Malone - Director

1.	STATUTORY INFORMATION

R and D (Leather) Ltd 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 the amount derived from ordinary activities, and stated after trade discounts, other sales taxes and net of VAT.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance

The Freehold property from which the company operates has been valued at cost and is not depreciated as it is considered that the residual value of the property is in excess of its cost and therefore, in accordance with FRS102, there is no depreciable amount. Annual impairment reviews are undertaken in respect of this property to ensure its carrying value can be supported.

Investment property

Investment property is shown at fair value, being the most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss in the year of valuation.

Stocks

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

Taxation

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2025 - 12 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

COST

At 1 April 2025

and 31 March 2026

2,000

1,000

3,000

AMORTISATION

At 1 April 2025

and 31 March 2026

2,000

1,000

3,000

NET BOOK VALUE

At 31 March 2026

-

At 31 March 2025

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 April 2025

126,538

154,987

281,525

Additions

-

20,941

Disposals

-

(46,280

)

(46,280

)

At 31 March 2026

126,538

129,648

256,186

DEPRECIATION

At 1 April 2025

-

97,907

Charge for year

-

17,746

Eliminated on disposal

-

(31,085

)

(31,085

)

At 31 March 2026

-

84,568

NET BOOK VALUE

At 31 March 2026

126,538

45,080

171,618

At 31 March 2025

126,538

57,080

183,618

At the year end the net book value of assets held on hire purchase was NIL (2025: £14,584).

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

and 31 March 2026

140,000

NET BOOK VALUE

At 31 March 2026

140,000

At 31 March 2025

140,000

The investment property was valued by an independent professional valuer during the prior year. The director believes the fair value of the property at the balance sheet date is in-line with this valuation.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade debtors

355,296

692,382

Other debtors

35,616

14,655

Payments on account

106,400

176,186

Director's current account

13,419

30,497

Prepayments

32,374

41,089

543,105

954,809

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Bank loans and overdrafts

23,302

244,573

Hire purchase contracts

-

5,415

Trade creditors

170,420

171,929

Tax

17,751

62,033

Social security and other taxes

18,862

17,914

VAT

100,094

244,361

Accrued expenses

8,731

10,350

339,160

756,575

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

Bank loans - 2-5 years

23,200

40,702

Bank loans - more than 5 years by instalments

33,010

39,182

56,210

79,884

Amounts falling due in more than five years:

Repayable by instalments

Bank loans - more than 5 years by instalments

33,010

39,182

10.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

Bank loan

79,512

324,457

Hire purchase

-

5,415

79,512

329,872

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2026 and 31 March 2025:

2026

2025

£

R D Malone

Balance outstanding at start of year

30,497

11,100

Amounts advanced

108,645

125,965

Amounts repaid

(125,723

)

(106,568

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

13,419

30,497

At the year end, a director had an overdrawn balance of £13,419 (2025: £30,497). This amount was fully repaid after the year end.