REGISTERED NUMBER: SC582183 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 March 2026

for

LEASELOCO LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Director:

J R Wilmot

Registered office:

33-34 Arx Technology Centre James Watt A

East Kilbride

Glasgow

G75 0QD

Registered number:

SC582183 (Scotland)

Accountants:

Cooper Parry Advisory Limited

Broadwalk House, 5th Floor

5 Appold Street

Broadgate

London

EC2A 2AG

Fixed assets

Tangible assets

4

5,690

10,006

Current assets

Debtors

5

337,074

281,609

Cash at bank

1,651,440

1,112,249

1,988,514

1,393,858

Creditors

Amounts falling due within one year

6

(1,221,215

)

(930,436

)

Net current assets

767,299

463,422

Total assets less current liabilities

772,989

473,428

Capital and reserves

Called up share capital

7

1,596

1,596

Share premium

2,094,578

2,094,578

Other reserves

157,426

157,426

Retained earnings

(1,480,611

)

(1,780,172

)

Shareholders' funds

772,989

473,428

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 September 2026 and were signed by:

J R Wilmot - Director

1.	Statutory information

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

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Going concern

The financial statements have been prepared on a going concern basis. The Director has reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment. The director is therefore of the opinion that they should continue to adopt the going concern basis of accounting in preparing the financial statements

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Fixtures and fittings

-

20% on cost

Computer equipment

-

33% on cost

Financial instruments

Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

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 statement of financial position date.

Tax credits shown on the income statement represent tax credits received or receivable from HMRC as a result of claims made under HMRC's R&D tax relief schemes.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the statement of financial position. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.

3.	Employees and directors

The average number of employees during the year was 17 (2025 - 16 ) .

4.	Tangible fixed assets

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

Cost

At 1 April 2025

9,061

34,549

43,610

Additions

492

499

991

At 31 March 2026

9,553

35,048

44,601

Depreciation

At 1 April 2025

8,199

25,405

33,604

Charge for year

530

4,777

5,307

At 31 March 2026

8,729

30,182

38,911

Net book value

At 31 March 2026

824

4,866

5,690

At 31 March 2025

862

9,144

10,006

5.

Debtors: amounts falling due within one year

2026

2025

£

£

Trade debtors

131,987

96,025

Other debtors

205,087

185,584

337,074

281,609

6.

Creditors: amounts falling due within one year

2026

2025

£

£

Trade creditors

493,993

351,181

Taxation and social security

423,798

338,883

Other creditors

303,424

240,372

1,221,215

930,436

7.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

159,553

Ordinary

£0.01

1,596

1,596

8.	Related party disclosures

During the year the company advanced loans to the director of £171,983 and repaid loans of £134,901. At the date of the financial statements the director owed the company £175,018 (2025: £137,936). The loan is charged at an interest rate of 2.25% and is repayable on demand.

9.	Share-based payment transactions

The company operates an EMI qualifying share option scheme and the company has granted 5,087 (2025:5,087) EMI qualifying share options up to the date of the statement of financial position to employees at an average weighted exercise price of £9.918 (2025: £9.918) per share. 5,087 (2025:5,087) share options vested at the date of the statement of financial position, no share options lapsed and no options were exercised. An amount of £nil (2025:£nil) has been charged to the income statement in respect of the EMI qualifying share options.