Company No: 07790106 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	Mr I Leighton
	Mrs W J Leighton

REGISTERED OFFICE	11 Osborne Avenue
	Jesmond
	Newcastle Upon Tyne
	NE2 1JQ
	United Kingdom

COMPANY NUMBER

07790106 (England and Wales)

ACCOUNTANT	S&W Partners Newcastle Limited
	17 Queens Lane
	Newcastle
	NE1 1RN

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	4	12,345		14,301
		12,345		14,301
Current assets
Debtors	5	9,984		111,875
Cash at bank and in hand		282,690		336,977
		292,674		448,852
Creditors: amounts falling due within one year	6	( 35,517)		( 143,569)
Net current assets		257,157		305,283
Total assets less current liabilities		269,502		319,584
Net assets		269,502		319,584
Capital and reserves
Called-up share capital		2		2
Profit and loss account		269,500		319,582
Total shareholders' funds		269,502		319,584

For the financial year ending 30 November 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Leighton Menswear Limited (registered number: 07790106) were approved and authorised for issue by the Board of Directors on 24 August 2026. They were signed on its behalf by:

Mr I Leighton Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Leighton Menswear Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 11 Osborne Avenue, Jesmond, Newcastle Upon Tyne, NE2 1JQ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of Leighton Menswear Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

These financial statements are separate financial statements.

Foreign currency

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.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for sale of goods and services in the ordinary nature of the business. Turnover is shown net of Value Added Tax, of goods and services provided to customers. Turnover is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.

Employee benefits

Short term benefits
Short term employee benefits are recognised as an expense in the period in which they are incurred.

Taxation

Current tax
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill

Goodwill

Goodwill is initially measured at cost. After initial recognition, goodwill is measured at cost less any accumulated amortisation and any accumulated impairment losses.

Goodwill, being the amounts paid in connection with acquisitions of business in 2011 and 2013, is being amortised evenly over its estimated useful life of 5 years.

In the opinion of the directors this represents the period over which the goodwill is effective.

Tangible fixed assets

Tangible fixed assets are included at cost less depreciation and impairment. Depreciation has been computed to write off the cost of tangible fixed assets over their expected useful lives as follows:

Plant and machinery etc.

10 - 25 % reducing balance

Impairment of assets

At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments on non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		0

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 December 2024	270,546		270,546
At 30 November 2025	270,546		270,546
Accumulated amortisation
At 01 December 2024	270,546		270,546
At 30 November 2025	270,546		270,546
Net book value
At 30 November 2025	0		0
At 30 November 2024	0		0

4. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 December 2024	39,364		39,364
At 30 November 2025	39,364		39,364
Accumulated depreciation
At 01 December 2024	25,063		25,063
Charge for the financial year	1,956		1,956
At 30 November 2025	27,019		27,019
Net book value
At 30 November 2025	12,345		12,345
At 30 November 2024	14,301		14,301

5. Debtors

	2025		2024
	£		£
Trade debtors	3,337		105,878
Other debtors	6,647		5,997
	9,984		111,875

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	908		65,233
Taxation and social security	21,484		68,909
Other creditors	13,125		9,427
	35,517		143,569

7. Related party transactions

Transactions with the entity's directors

	2025		2024
	£		£
Director loan account - opening balance	(1,356)		24,904
Director loan account - Amount advance	138,752		154,556
Director loan account - Amount repaid	(132,744)		(180,816)
Director loan account - Closing balance	4,652		(1,356)

The above loan is interest free and is repayable on demand.