COMPLETE ASSET LEADERSHIP LIMITED

Company Registration Number:
07225538 (England and Wales)

Unaudited abridged accounts for the year ended 30 April 2023

Period of accounts

Start date: 01 May 2022

End date: 30 April 2023

COMPLETE ASSET LEADERSHIP LIMITED

Contents of the Financial Statements

for the Period Ended 30 April 2023

Balance sheet
Notes

COMPLETE ASSET LEADERSHIP LIMITED

Balance sheet

As at 30 April 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 6,897 8,621
Total fixed assets: 6,897 8,621
Current assets
Debtors: 4 40,109 36,750
Cash at bank and in hand: 16 18
Total current assets: 40,125 36,768
Creditors: amounts falling due within one year: 5 (39,624) (33,545)
Net current assets (liabilities): 501 3,223
Total assets less current liabilities: 7,398 11,844
Creditors: amounts falling due after more than one year: 6 (40,575) (40,833)
Total net assets (liabilities): (33,177) (28,989)
Capital and reserves
Called up share capital: 1 1
Profit and loss account: (33,178) (28,990)
Shareholders funds: (33,177) (28,989)

The notes form part of these financial statements

COMPLETE ASSET LEADERSHIP LIMITED

Balance sheet statements

For the year ending 30 April 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 16 August 2023
and signed on behalf of the board by:

Name: Mrs J Auty
Status: Director

The notes form part of these financial statements

COMPLETE ASSET LEADERSHIP LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Tangible fixed assets and depreciation policy

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:Fittings fixtures and equipment - 20% reducing balanceMotor vehicles - 20% reducing balanceIf there is an indication that there has been a significant change in depreciation rate, useful life orresidual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Other accounting policies

Basis of preparationThe financial statements have been prepared on the historical cost basis, as modified by the revaluationof certain financial assets and liabilities and investment properties measured at fair value through profitor loss.The financial statements are prepared in sterling, which is the functional currency of the entity.----------TaxationThe taxation expense represents the aggregate amount of current and deferred tax recognised in thereporting period. Tax is recognised in the statement of comprehensive income, except to the extent thatit relates to items recognised in other comprehensive income or directly in capital and reserves. In thiscase, tax is recognised in other comprehensive income or directly in capital and reserves, respectively.Current tax is recognised on taxable profit for the current and past periods. Current tax is measured atthe amounts of tax expected to pay or recover using the tax rates and laws that have been enacted orsubstantively enacted at the reporting date.Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved taxlosses and other deferred tax assets are recognised to the extent that it is probable that they will berecovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax ismeasured using the tax rates and laws that have been enacted or substantively enacted by thereporting date that are expected to apply to the reversal of the timing difference.------------Tangible assetsTangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulateddepreciation and impairment losses.Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluationless any subsequent accumulated depreciation and subsequent accumulated impairment losses.An increase in the carrying amount of an asset as a result of a revaluation, is recognised in othercomprehensive income and accumulated in capital and reserves, except to the extent it reverses arevaluation decrease of the same asset previously recognised in profit or loss. A decrease in thecarrying amount of an asset as a result of revaluation is recognised in other comprehensive income tothe extent of any previously recognised revaluation increase accumulated in capital and reserves inrespect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gainsaccumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit orloss.---------ImpairmentA review for indicators of impairment is carried out at each reporting date, with the recoverable amountbeing estimated where such indicators exist. Where the carrying value exceeds the recoverableamount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal ateach reporting date.When it is not possible to estimate the recoverable amount of an individual asset, an estimate is madeof the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generatingunit is the smallest identifiable group of assets that includes the asset and generates cash inflows thatare largely independent of the cash inflows from other assets or groups of assets.---------Construction contractsWhere the outcome of construction contracts can be reliably estimated, contract revenue and contractcosts are recognised by reference to the stage of completion of the contract activity as at the periodend.Where the outcome of construction contracts cannot be estimated reliably, revenue is recognised to theextent of contract costs incurred that it is probable will be recoverable, and contract costs arerecognised as an expense in the period in which they are incurred.The entity uses the percentage of completion method to determine the amounts to be recognised in theperiod. The stage of completion is measured by reference to the contract costs incurred up to the end ofthe reporting period as a percentage of total estimated costs for each contract. Costs incurred for workperformed to date do not include costs relating to future activity, such as for materials or prepayments.------Financial instrumentsA financial asset or a financial liability is recognised only when the company becomes a party to thecontractual provisions of the instrument.Basic financial instruments are initially recognised at the transaction price, unless the arrangementconstitutes a financing transaction, where it is recognised at the present value of the future paymentsdiscounted at a market rate of interest for a similar debt instrument.Debt instruments are subsequently measured at amortised cost.Where investments in non-convertible preference shares and non-puttable ordinary shares orpreference shares are publicly traded or their fair value can otherwise be measured reliably, theinvestment is subsequently measured at fair value with changes in fair value recognised in profit or loss.All other such investments are subsequently measured at cost less impairment.Other financial instruments, including derivatives, are initially recognised at fair value, unless paymentfor an asset is deferred beyond normal business terms or financed at a rate of interest that is not amarket rate, in which case the asset is measured at the present value of the future paymentsdiscounted at a market rate of interest for a similar debt instrument.Other financial instruments are subsequently measured at fair value, with any changes recognised inprofit or loss, with the exception of hedging instruments in a designated hedging relationship.Financial assets that are measured at cost or amortised cost are reviewed for objective evidence ofimpairment at the end of each reporting date. If there is objective evidence of impairment, animpairment loss is recognised in profit or loss immediately.For all equity instruments regardless of significance, and other financial assets that are individuallysignificant, these are assessed individually for impairment. Other financial assets or either assessedindividually or grouped on the basis of similar credit risk characteristics.Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversaldoes not result in a carrying amount of the financial asset that exceeds what the carrying amount wouldhave been had the impairment not previously been recognised.

COMPLETE ASSET LEADERSHIP LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2023

2. Employees

2023 2022
Average number of employees during the period 1 1

COMPLETE ASSET LEADERSHIP LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2023

3. Tangible Assets

Total
Cost £
At 01 May 2022 8,621
At 30 April 2023 8,621
Depreciation
At 01 May 2022 0
Charge for year 1,724
At 30 April 2023 1,724
Net book value
At 30 April 2023 6,897
At 30 April 2022 8,621

COMPLETE ASSET LEADERSHIP LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2023

4. Debtors

Other debtors - 2023 - £40,109 2022 - £36,750

COMPLETE ASSET LEADERSHIP LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2023

5. Creditors: amounts falling due within one year note

Bank loans and overdrafts - 2023 - £9,167 2022 - £9,167Trade creditors - 2023 - £1 2022 - £1Corporation tax - 2023 - £11,944 2022 - NilOther creditors - 2023 - £18,512 2022 - £24,377Total - 2023 - £39,624 2022 - £33,545

COMPLETE ASSET LEADERSHIP LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2023

6. Creditors: amounts falling due after more than one year note

Bank loans and overdrafts - 2023 - £40,575 2022 - £40,833

COMPLETE ASSET LEADERSHIP LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2023

7. Loans to directors

Name of director receiving advance or credit: Mrs J Auty
Description of the loan: Overdrawn Directors Current Account .
£
Balance at 01 May 2022 15,978
Advances or credits made: 3,359
Balance at 30 April 2023 19,337