Leach-Ross and Associates Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 07309729

Leach-Ross and Associates Limited

Filleted Unaudited Abridged Financial Statements

31 July 2026

Leach-Ross and Associates Limited

Abridged Statement of Financial Position

31 July 2026

	2026		2025
Note	£	£	£

Fixed assets

Intangible assets	5	756,250	787,500
Tangible assets	6	143,270	62,821
		---------	---------
		899,520	850,321

Current assets

Debtors	95,515	431,084
Cash at bank and in hand	165,301	139,825
	---------	---------
	260,816	570,909

Creditors: amounts falling due within one year	84,613		312,822
	---------		---------
Net current assets		176,203	258,087
		------------	------------
Total assets less current liabilities		1,075,723	1,108,408

Provisions

Taxation including deferred tax	35,817	15,705
	------------	------------
Net assets	1,039,906	1,092,703
	------------	------------

Capital and reserves

Called up share capital	1,000	1,000
Profit and loss account	1,038,906	1,091,703
	------------	------------
Shareholders funds	1,039,906	1,092,703
	------------	------------

These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.

For the year ending 31 July 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 abridged financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .

All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 31 July 2026 in accordance with Section 444(2A) of the Companies Act 2006.

Leach-Ross and Associates Limited

Abridged Statement of Financial Position (continued)

31 July 2026

These abridged financial statements were approved by the board of directors and authorised for issue on 8 September 2026 , and are signed on behalf of the board by:

Mr C E Leach	Mrs D Ross
Director	Director

Mr D J Ross
Director

Company registration number: 07309729

Leach-Ross and Associates Limited

Notes to the Abridged Financial Statements

Year ended 31 July 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Arkle House, 31 Lonsdale Street, Carlisle, Cumbria, CA1 1BJ.

2. Statement of compliance

These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The abridged financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires the use of estimates and assumptions that affect the application of policies and reported amounts of assets and liabilities, income and expenses. Any estimate that has a degree of uncertainty or where judgement has been exercised in a particular area is expressly disclosed within the relevant accounting policy.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

Goodwill

Positive purchased goodwill arising on acquisitions is capitalised, classified as an asset on the Balance Sheet and amortised over its estimated useful life. Goodwill is reviewed for impairment at the end of the first full financial year following each acquisition and subsequently as and when necessary if circumstances emerge that indicate that the carrying value may not be recoverable.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	40 years straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures & fittings	-	15% reducing balance
Motor vehicles	-	25% reducing balance
Equipment	-	15% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the abridged statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

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 entity after deducting all of its financial liabilities.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 3 (2025: 3 ).

5. Intangible assets

	£
Cost
At 1 August 2025 and 31 July 2026	1,250,000
	------------
Amortisation
At 1 August 2025	462,500
Charge for the year	31,250
	------------
At 31 July 2026	493,750
	------------
Carrying amount
At 31 July 2026	756,250
	------------
At 31 July 2025	787,500
	------------

6. Tangible assets

	£
Cost
At 1 August 2025	173,262
Additions	101,676
	---------
At 31 July 2026	274,938
	---------
Depreciation
At 1 August 2025	110,441
Charge for the year	21,227
	---------
At 31 July 2026	131,668
	---------
Carrying amount
At 31 July 2026	143,270
	---------
At 31 July 2025	62,821
	---------

7. Directors' advances, credits and guarantees

At the year end of 31 July 2026, the directors had overdrawn loan account balances totalling £90,086 (2025: £189,294). The balances attributable to each director were as follows: - Mr C E Leach & Mrs D Ross: £47,154 owed to the company. - Mr D J Ross: £42,932 owed to the company Interest has been charged on the overdrawn loan balances at HMRC's official rate. The loans are unsecured, interest-bearing and repayable on demand.