Company No: 10373936 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2026		2025
		£		£
Fixed assets
Tangible assets	4	709,335		713,735
		709,335		713,735
Current assets
Debtors	5	118,784		104,608
Cash at bank and in hand		93,715		30,002
		212,499		134,610
Creditors: amounts falling due within one year	6	( 252,500)		( 200,496)
Net current liabilities		(40,001)		(65,886)
Total assets less current liabilities		669,334		647,849
Creditors: amounts falling due after more than one year	7	( 332,205)		( 360,042)
Provision for liabilities		( 10,254)		( 11,354)
Net assets		326,875		276,453
Capital and reserves
Called-up share capital	8	140		140
Profit and loss account		326,735		276,313
Total shareholders' funds		326,875		276,453

For the financial year ending 31 March 2026 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements of Boyle Tricks Leonard Limited (registered number: 10373936) were approved and authorised for issue by the Board of Directors on 21 September 2026. They were signed on its behalf by:

Mrs J Leonard 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

Boyle Tricks Leonard 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 13 Queens Terrace, Exeter, EX4 4HR, United Kingdom.

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

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Revenue from services is recognised as they are delivered.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

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:

Computer software

3 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset over its expected useful life, as follows:

Land and buildings	not depreciated
Vehicles	25 % reducing balance
Fixtures and fittings	20 % reducing balance
Office equipment	25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	11		12

3. Intangible assets

	Computer software		Total
	£		£
Cost
At 01 April 2025	5,229		5,229
At 31 March 2026	5,229		5,229
Accumulated amortisation
At 01 April 2025	5,229		5,229
At 31 March 2026	5,229		5,229
Net book value
At 31 March 2026	0		0
At 31 March 2025	0		0

4. Tangible assets

	Land and buildings		Vehicles		Fixtures and fittings		Office equipment		Total
	£		£		£		£		£
Cost
At 01 April 2025	668,321		48,680		9,894		39,292		766,187
Additions	0		0		0		8,278		8,278
Disposals	0		0		0		( 1,331)		( 1,331)
At 31 March 2026	668,321		48,680		9,894		46,239		773,134
Accumulated depreciation
At 01 April 2025	0		21,298		6,453		24,701		52,452
Charge for the financial year	0		6,845		688		4,272		11,805
Disposals	0		0		0		( 458)		( 458)
At 31 March 2026	0		28,143		7,141		28,515		63,799
Net book value
At 31 March 2026	668,321		20,537		2,753		17,724		709,335
At 31 March 2025	668,321		27,382		3,441		14,591		713,735

5. Debtors

	2026		2025
	£		£
Trade debtors	103,711		89,019
Prepayments	10,923		9,464
Other debtors	4,150		6,125
	118,784		104,608

6. Creditors: amounts falling due within one year

	2026		2025
	£		£
Bank loans (secured)	11,740		11,244
Trade creditors	0		40,590
Amounts owed to directors	39,312		40,032
Accruals	3,575		3,325
Corporation tax	74,893		50,040
Other taxation and social security	81,104		25,204
Obligations under finance leases and hire purchase contracts (secured)	26,569		5,621
Other creditors	15,307		24,440
	252,500		200,496

7. Creditors: amounts falling due after more than one year

	2026		2025
	£		£
Bank loans (secured)	332,205		333,473
Obligations under finance leases and hire purchase contracts (secured)	0		26,569
	332,205		360,042

The bank loans are secured with a fixed charge against the freehold property and all of the undertaking of the company.

The finance lease and hire purchase contracts are secured against the assets to which they relate.

Amounts repayable after more than 5 years are included in creditors falling due over one year:

	2026		2025
	£		£
Bank loans (secured)	272,899		257,038

8. Called-up share capital

	2026		2025
	£		£
Allotted, called-up and fully-paid
140 Ordinary shares of £ 1.00 each	140		140