Company registration number 10810845 (England and Wales)
Leamy Manders Limited
Unaudited Financial Statements
For the year ended 30 June 2023
PAGES FOR FILING WITH REGISTRAR
Leamy Manders Limited
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 4
Leamy Manders Limited
Balance Sheet
As at 30 June 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
5
5
Current assets
Debtors
4
56,150
46,020
Cash at bank and in hand
295,116
370,191
351,266
416,211
Creditors: amounts falling due within one year
5
(72,297)
(52,769)
Net current assets
278,969
363,442
Net assets
278,974
363,447
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
278,874
363,347
Total equity
278,974
363,447

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 27 September 2023 and are signed on its behalf by:
M D Manders
P J Leamy
Director
Director
Company Registration No. 10810845
Leamy Manders Limited
Notes to the Financial Statements
For the year ended 30 June 2023
- 2 -
1
Accounting policies
Company information

Leamy Manders Limited is a private company limited by shares incorporated in England and Wales. The registered office is Pendragon House, 65 London Road, St Albans, Hertfordshire, AL1 1LJ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
33% on cost
Computer equipment
33% on cost
1.4
Financial instruments

The company has elected to apply the provisions of Section 11 and Section 12 of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present fair value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

 

Basic financial liabilities

Basic financial liabilities, which include trade and other payables and bank loans, are initially measured at transaction price and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present fair value of the future receipts discounted at a market rate of interest.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Leamy Manders Limited
Notes to the Financial Statements (Continued)
For the year ended 30 June 2023
1
Accounting policies
(Continued)
- 3 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

1.6
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
2
2
3
Tangible fixed assets
Fixtures and fittings
Computer equipment
Total
£
£
£
Cost
At 1 July 2022 and 30 June 2023
1,956
4,087
6,043
Depreciation and impairment
At 1 July 2022 and 30 June 2023
1,954
4,084
6,038
Carrying amount
At 30 June 2023
2
3
5
At 30 June 2022
2
3
5
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
27,516
16,500
Other debtors
28,634
29,520
56,150
46,020
Leamy Manders Limited
Notes to the Financial Statements (Continued)
For the year ended 30 June 2023
- 4 -
5
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
1,610
1,734
Taxation and social security
68,837
49,285
Other creditors
1,850
1,750
72,297
52,769
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