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Registered number: 01903257
Lennards Limited
Unaudited Financial Statements
For The Year Ended 31 March 2026
Lennards
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 01903257
2026 2025
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 180,000 180,000
Tangible Assets 5 3,783 2,596
183,783 182,596
CURRENT ASSETS
Debtors 6 29,673 97,983
Cash at bank and in hand 43,538 106,859
73,211 204,842
Creditors: Amounts Falling Due Within One Year 7 (38,591 ) (125,316 )
NET CURRENT ASSETS (LIABILITIES) 34,620 79,526
TOTAL ASSETS LESS CURRENT LIABILITIES 218,403 262,122
NET ASSETS 218,403 262,122
CAPITAL AND RESERVES
Called up share capital 8 100 100
Share premium account 182,493 182,493
Profit and Loss Account 35,810 79,529
SHAREHOLDERS' FUNDS 218,403 262,122
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For the 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.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Victoria Joy Webb
Director
08/10/2026
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Lennards Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01903257 . The registered office is The Vicarage 31 Great King Street, Macclesfield, Cheshire, SK11 6PL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are .... It is amortised to the profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 25% per annum of cost
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2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2026 2025
Office and administration 5 5
5 5
4. Intangible Assets
Other
£
Cost
As at 1 April 2025 180,000
As at 31 March 2026 180,000
Net Book Value
As at 31 March 2026 180,000
As at 1 April 2025 180,000
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5. Tangible Assets
Computer Equipment
£
Cost
As at 1 April 2025 6,795
Additions 3,848
As at 31 March 2026 10,643
Depreciation
As at 1 April 2025 4,199
Provided during the period 2,661
As at 31 March 2026 6,860
Net Book Value
As at 31 March 2026 3,783
As at 1 April 2025 2,596
6. Debtors
2026 2025
£ £
Due within one year
Trade debtors 29,673 95,983
Prepayments and accrued income - 2,000
29,673 97,983
7. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors 2,989 1,902
Corporation tax 7,154 7,708
Other taxes and social security 3,501 6,034
VAT 24,947 28,357
Other creditors - 33,226
Directors' loan accounts - 48,089
38,591 125,316
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8. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 100 100
9. Dividends
2026 2025
£ £
On equity shares:
Interim dividend paid 50,000 50,000
Final dividend paid 26,000 -
76,000 50,000
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