LESLIE BIKE SHOP LTD


Director	Bryan Thomas MOODIE


Registered Address	Bankhead Industrial Estate
	Blackwood Way
	Glenrothes
	KY7 6JF


Registered Number	SC368476 (Scotland)

Balance Sheet as at
30 November 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	3		100,000		100,000
Tangible assets	4		25,811		33,124
			125,811		133,124
Current assets
Stocks		387,640		333,547
Debtors		3,081		8,548
Cash at bank and on hand		210,782		194,129
		601,503		536,224
Creditors amounts falling due within one year		(177,868)		(143,749)
Net current assets (liabilities)			423,635		392,475
Total assets less current liabilities			549,446		525,599
Net assets			549,446		525,599
Capital and reserves
Called up share capital			100		100
Profit and loss account			549,346		525,499
Shareholders' funds			549,446		525,599

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Director on 31 August 2026, and are signed on its behalf by:

Bryan Thomas MOODIE
Director
Registered Company No. SC368476

LESLIE BIKE SHOP LTD

Notes to the Financial Statements
for the year ended 30 November 2025

1.	Accounting policies

	Statutory information
	Leslie Bikeshop Ltd is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with FRS 102, including the provisions of Section 1A. There were no material departures from the reporting standard.

	Basis of preparation
	The accounts have been prepared under the historical cost convention.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Going concern
	At the time of signing these financial statements, the director has a reasonable expectation that the company has adequate resource to continue in operational existence for the foreseeable future. In reaching this conclusion, the director has assessed the ongoing cashflow requirements of the company, also setting realistic targets on sales, stock purchasing and cost control measures in the coming year. The director has therefore concluded that they can continue to adopt the going concern basis in preparing these financial statements.

Going concern

At the time of signing these financial statements, the director has a reasonable expectation that the company has adequate resource to continue in operational existence for the foreseeable future.

In reaching this conclusion, the director has assessed the ongoing cashflow requirements of the company, also setting realistic targets on sales, stock purchasing and cost control measures in the coming year.

The director has therefore concluded that they can continue to adopt the going concern basis in preparing these financial statements.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Employee benefits
	The company operates a defined contribution pension scheme. Payments to defined contribution plans are expensed in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 

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. 

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. 

Current and deferred tax assets and liabilities are not discounted.

	Intangible assets
	Intangible fixed assets are measured at cost less any accumulated amortisation and impairment losses where applicable.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

	Stocks and work in progress
	Stock is valued at the lower of cost and estimated selling price, less any associated costs to enable such sales to complete. Costs include all amounts related to the purchase, conversion and other processes in bringing stock to its present location and condition ready for sale. Cost is calculated using the "First-in, First-out" basis. Provision is made for damaged, obsolete and slow moving items of stock where appropriate.

Stocks and work in progress

Stock is valued at the lower of cost and estimated selling price, less any associated costs to enable such sales to complete. 

Costs include all amounts related to the purchase, conversion and other processes in bringing stock to its present location and condition ready for sale.

Cost is calculated using the "First-in, First-out" basis.

Provision is made for damaged, obsolete and slow moving items of stock where appropriate.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	8		8

3.	Intangible assets

		Total
		£
	Cost or valuation
	At 01 December 24	100,000
	At 30 November 25	100,000
	Net book value
	At 30 November 25	100,000
	At 30 November 24	100,000

4.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 December 24	54,151
	Additions	2,957
	At 30 November 25	57,108
	Depreciation and impairment
	At 01 December 24	21,027
	Charge for year	10,270
	At 30 November 25	31,297
	Net book value
	At 30 November 25	25,811
	At 30 November 24	33,124

5.	Related party transactions
	The company is a wholly owned subsidiary of Lomond Bicycle Services Limited, company number SC639839, of registered address 41 Westbank, Auchtermuchty, Cupar, Fife, KY14 7LA.