Company No: 01493244 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	335,690		411,600
Investments	4	65,500		72,211
		401,190		483,811
Current assets
Stocks	5	27,898		28,064
Debtors	6	585,004		492,574
Cash at bank and in hand		71,639		98,306
		684,541		618,944
Creditors: amounts falling due within one year	7	( 428,670)		( 347,288)
Net current assets		255,871		271,656
Total assets less current liabilities		657,061		755,467
Creditors: amounts falling due after more than one year	8	( 109,346)		( 159,610)
Provision for liabilities		( 51,242)		( 64,560)
Net assets		496,473		531,297
Capital and reserves
Called-up share capital	9	45,100		45,100
Revaluation reserve		14,516		21,227
Profit and loss account		436,857		464,970
Total shareholders' funds		496,473		531,297

For the financial year ending 31 October 2025 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 Leatherbarrows Removals and Storage Limited (registered number: 01493244) were approved and authorised for issue by the Board of Directors on 26 October 2026. They were signed on its behalf by:

Darren James Vale 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

Leatherbarrows Removals and Storage 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 16 Wilfred Road, Boscombe, Bournemouth, BH5 1ND, United Kingdom. The principal place of business is C3 Cirrus Court, Aviation Park West, Bournemouth International Airport, CHRISTCHURCH, Dorset, BH23 6NW.

The financial statements have been prepared under the historical cost convention, modified to include 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 £.

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:

Goodwill

not amortised

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 on a straight line or reducing balance basis over its expected useful life, as follows:

Leasehold improvements	10 years straight line
Plant and machinery	10 % reducing balance
Vehicles	2 - 8 years straight line
Office equipment	3 years straight line

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.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

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.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	25		26

3. Tangible assets

	Leasehold improve- ments		Plant and machinery		Vehicles		Office equipment		Total
	£		£		£		£		£
Cost
At 01 November 2024	16,731		671,094		675,571		54,117		1,417,513
Additions	0		0		0		4,145		4,145
Disposals	0		( 8,252)		( 101,719)		0		( 109,971)
At 31 October 2025	16,731		662,842		573,852		58,262		1,311,687
Accumulated depreciation
At 01 November 2024	16,731		591,781		352,973		44,428		1,005,913
Charge for the financial year	0		32,007		41,824		6,224		80,055
Disposals	0		( 8,252)		( 101,719)		0		( 109,971)
At 31 October 2025	16,731		615,536		293,078		50,652		975,997
Net book value
At 31 October 2025	0		47,306		280,774		7,610		335,690
At 31 October 2024	0		79,313		322,598		9,689		411,600

4. Fixed asset investments

	Other investments		Total
	£		£
Cost or valuation before impairment
At 01 November 2024	72,211		72,211
Movement in fair value	( 6,711)		( 6,711)
At 31 October 2025	65,500		65,500
Carrying value at 31 October 2025	65,500		65,500
Carrying value at 31 October 2024	72,211		72,211

Investments in shares

Name of entity	Registered office	Principal activity	Class of shares	Ownership 31.10.2025	Ownership 31.10.2024
Tappers Removals and Storage Limited	16 Wilfred Road, Boscombe, Bournemouth, Dorset, BH5 1ND. England and Wales	Dormant company	Ordinary	100.00%	100.00%

5. Stocks

	2025		2024
	£		£
Stocks	27,898		28,064

6. Debtors

	2025		2024
	£		£
Trade debtors	192,898		202,305
Other debtors	392,106		290,269
	585,004		492,574

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans and overdrafts	80,934		14,274
Trade creditors	142,261		140,450
Corporation tax	9,605		7,727
Other taxation and social security	68,208		48,708
Obligations under finance leases and hire purchase contracts	46,222		46,222
Other creditors	81,440		89,907
	428,670		347,288

Hire purchase agreements are secured against the assets to which they relate.

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

	2025		2024
	£		£
Bank loans	109,346		159,610

There are no amounts included above in respect of which any security has been given by the small entity.

9. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
45,100 Ordinary shares of £ 1.00 each	45,100		45,100