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COMPANY REGISTRATION NUMBER: 05121779
LEADER ROAD GARAGE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 November 2025
LEADER ROAD GARAGE LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 30 NOVEMBER 2025
CONTENTS
PAGES
Officers and professional advisers
1
Directors' report
2
Statement of income and retained earnings
3
Statement of financial position
4 to 5
Notes to the financial statements
6 to 9
The following pages do not form part of the financial statements
Chartered accountants report to the board of directors on the preparation of the unaudited statutory financial statements
11
LEADER ROAD GARAGE LIMITED
OFFICERS AND PROFESSIONAL ADVISERS
The board of directors
Mr R Mayor
Mr A Young
Company secretary
Mr A Young
Registered office
78 Leader Road
Hillsborough
Sheffield
South Yorkshire
S6 4GH
Accountants
Townends Accountants LLP
Chartered Accountants
Fulford Lodge
1 Heslington Lane
Fulford
York
YO10 4HW
Bankers
HSBC
503 Langsett Road
Hillsborough
Sheffield
S6 2LP
LEADER ROAD GARAGE LIMITED
DIRECTORS' REPORT
YEAR ENDED 30 NOVEMBER 2025
The directors present their report and the unaudited financial statements of the company for the year ended 30 November 2025 .
DIRECTORS
The directors who served the company during the year were as follows:
Mr R Mayor
Mr A Young
SMALL COMPANY PROVISIONS
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 28 October 2026 and signed on behalf of the board by:
Mr A Young
Company Secretary
Registered office:
78 Leader Road
Hillsborough
Sheffield
South Yorkshire
S6 4GH
LEADER ROAD GARAGE LIMITED
STATEMENT OF INCOME AND RETAINED EARNINGS
YEAR ENDED 30 NOVEMBER 2025
2025
2024
Note
£
£
TURNOVER
261,436
248,339
Cost of sales
167,498
158,211
----------
----------
GROSS PROFIT
93,938
90,128
Administrative expenses
45,328
45,919
--------
--------
OPERATING PROFIT
48,610
44,209
Other interest receivable and similar income
–
1
Interest payable and similar expenses
57
19
--------
--------
PROFIT BEFORE TAXATION
5
48,553
44,191
Tax on profit
9,243
8,972
--------
--------
PROFIT FOR THE FINANCIAL YEAR AND TOTAL COMPREHENSIVE INCOME
39,310
35,219
--------
--------
Dividends paid and payable
( 49,000)
( 24,000)
RETAINED EARNINGS AT THE START OF THE YEAR
13,250
2,031
--------
--------
RETAINED EARNINGS AT THE END OF THE YEAR
3,560
13,250
--------
--------
All the activities of the company are from continuing operations.
LEADER ROAD GARAGE LIMITED
STATEMENT OF FINANCIAL POSITION
30 November 2025
2025
2024
Note
£
£
£
FIXED ASSETS
Tangible assets
7
12,206
12,416
CURRENT ASSETS
Stocks
2,500
2,250
Debtors
8
1,938
4,861
Cash at bank and in hand
5,981
15,566
--------
--------
10,419
22,677
CREDITORS: amounts falling due within one year
9
19,063
21,841
--------
--------
NET CURRENT (LIABILITIES)/ASSETS
( 8,644)
836
--------
--------
TOTAL ASSETS LESS CURRENT LIABILITIES
3,562
13,252
-------
--------
NET ASSETS
3,562
13,252
-------
--------
CAPITAL AND RESERVES
Called up share capital
2
2
Profit and loss account
3,560
13,250
-------
--------
SHAREHOLDERS FUNDS
3,562
13,252
-------
--------
These financial statements have been prepared 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'.
For the year ending 30 November 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 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 financial statements .
LEADER ROAD GARAGE LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
30 November 2025
These financial statements were approved by the board of directors and authorised for issue on 28 October 2026 , and are signed on behalf of the board by:
Mr R Mayor
Director
Company registration number: 05121779
LEADER ROAD GARAGE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 NOVEMBER 2025
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 78 Leader Road, Hillsborough, Sheffield, South Yorkshire, S6 4GH.
2. STATEMENT OF COMPLIANCE
These 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 financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The UK economy has recently been impacted by rising inflation, interest rates and energy costs, exacerbated by the war in Ukraine. All these matters have impacted the company's trading results to a greater or lesser extent. At the date of signing these financial statements, the directors have considered the effect of these matters on the company with the information available to it and do not believe that it will affect the ability of the company to continue to trade for the foreseeable future. On this basis, the directors have prepared these financial statements on a going concern basis.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Current tax
The taxation expense represents the aggregate amount of current tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
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
-
5% 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.
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:
Plant and machinery
-
15% reducing balance
Fixtures and fittings
-
15% reducing balance
Motor vehicles
-
25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
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.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 5 (2024: 5 ).
5. PROFIT BEFORE TAXATION
Profit before taxation is stated after charging:
2025
2024
£
£
Amortisation of intangible assets
–
3,000
Depreciation of tangible assets
210
246
----
-------
6. INTANGIBLE ASSETS
Goodwill
£
Cost
At 1 December 2024 and 30 November 2025
60,000
--------
Amortisation
At 1 December 2024 and 30 November 2025
60,000
--------
Carrying amount
At 30 November 2025
–
--------
At 30 November 2024
–
--------
7. TANGIBLE ASSETS
Leasehold property
Plant and machinery
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 December 2024 and 30 November 2025
11,022
16,124
398
500
28,044
--------
--------
----
----
--------
Depreciation
At 1 December 2024
–
14,751
379
498
15,628
Charge for the year
–
207
2
1
210
--------
--------
----
----
--------
At 30 November 2025
–
14,958
381
499
15,838
--------
--------
----
----
--------
Carrying amount
At 30 November 2025
11,022
1,166
17
1
12,206
--------
--------
----
----
--------
At 30 November 2024
11,022
1,373
19
2
12,416
--------
--------
----
----
--------
8. DEBTORS
2025
2024
£
£
Trade debtors
1,938
4,861
-------
-------
9. CREDITORS: amounts falling due within one year
2025
2024
£
£
Trade creditors
809
3,074
Corporation tax
9,243
8,972
Social security and other taxes
5,517
4,473
Directors current accounts
747
2,660
Other creditors
2,747
2,662
--------
--------
19,063
21,841
--------
--------
10. RELATED PARTY TRANSACTIONS
The directors made available loans to the company throughout the period. These loans are interest free and repayable on demand. At the period end the balance of the loan accounts was £ 747 (2024: £ 2,660 )
LEADER ROAD GARAGE LIMITED
MANAGEMENT INFORMATION
YEAR ENDED 30 NOVEMBER 2025
The following pages do not form part of the financial statements.
LEADER ROAD GARAGE LIMITED
CHARTERED ACCOUNTANTS REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF LEADER ROAD GARAGE LIMITED
YEAR ENDED 30 NOVEMBER 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Leader Road Garage Limited for the year ended 30 November 2025, which comprise the statement of income and retained earnings, statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of Leader Road Garage Limited, as a body, in accordance with the terms of our engagement letter dated 22 January 2019. Our work has been undertaken solely to prepare for your approval the financial statements of Leader Road Garage Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Leader Road Garage Limited and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that Leader Road Garage Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Leader Road Garage Limited. You consider that Leader Road Garage Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Leader Road Garage Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Townends Accountants LLP Chartered Accountants
Fulford Lodge 1 Heslington Lane Fulford York YO10 4HW
28 October 2026