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Company Registration No. 06140945 (England and Wales)
Leverage Financial Solutions Limited Filleted accounts for the year ended 28 February 2023
Leverage Financial Solutions Limited Filleted accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Leverage Financial Solutions Limited Company Information for the year ended 28 February 2023
Director
M R Scott
Company Number
06140945 (England and Wales)
Registered Office
53 Clifton Road Kingston Upon Thames Surrey KT2 6PJ
Accountants
YP Finance Hawthorne House 17A Hawthorne Drive Leicester Leicestershire LE5 6DL
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Leverage Financial Solutions Limited Statement of financial position as at 28 February 2023
2023
2022
Notes
£
£
Current assets
Debtors
4
67,000
55,100
Investments
5
1,431,508
1,566,508
Cash at bank and in hand
119,173
1,645
1,617,681
1,623,253
Creditors: amounts falling due within one year
6
(11,529)
(5,986)
Net current assets
1,606,152
1,617,267
Total assets less current liabilities
1,606,152
1,617,267
Creditors: amounts falling due after more than one year
7
(1,021,370)
(1,050,171)
Net assets
584,782
567,096
Capital and reserves
Called up share capital
8
15
15
Profit and loss account
584,767
567,081
Shareholders' funds
584,782
567,096
For the year ending 28 February 2023 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 23 September 2023 and were signed on its behalf by
M R Scott Director Company Registration No. 06140945
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Leverage Financial Solutions Limited Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
Leverage Financial Solutions Limited is a private company, limited by shares, registered in England and Wales, registration number 06140945. The registered office is 53 Clifton Road, Kingston Upon Thames, Surrey, KT2 6PJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Deferred taxation
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 accounts. 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 current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Investments
Investments in shares are included at fair value.
4
Debtors
2023
2022
£
£
Amounts falling due within one year
Accrued income and prepayments
67,000
55,100
5
Investments held as current assets
2023
2022
£
£
Unlisted investments
1,431,508
1,566,508
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Leverage Financial Solutions Limited Notes to the Accounts for the year ended 28 February 2023
6
Creditors: amounts falling due within one year
2023
2022
£
£
Taxes and social security
3,765
-
Other creditors
7,145
5,367
Accruals
619
619
11,529
5,986
7
Creditors: amounts falling due after more than one year
2023
2022
£
£
Amounts owed to group undertakings and other participating interests
397,000
397,000
Other creditors
-
210,000
Loans from directors
624,370
443,171
1,021,370
1,050,171
8
Share capital
2023
2022
£
£
Allotted, called up and fully paid:
15 Ordinary shares of £1 each
15
15
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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