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REGISTERED NUMBER: 12230277 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Leada Motors Ltd

Leada Motors Ltd (Registered number: 12230277)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 6

Leada Motors Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mr S G Lea
Mrs A Oxendale
Mr J Oxendale





REGISTERED OFFICE: 3 Heather Court
Killinghall
Harrogate
HG3 2DA





REGISTERED NUMBER: 12230277 (England and Wales)





ACCOUNTANTS: PY Accountants Ltd
33 Holmefield Close
Brayton
Selby
YO8 9LR

Leada Motors Ltd (Registered number: 12230277)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 47,174 4,486

CURRENT ASSETS
Stocks 5 130,138 121,917
Debtors 6 - 3,964
Cash at bank 28,610 10,851
158,748 136,732
CREDITORS
Amounts falling due within one year 7 66,513 34,873
NET CURRENT ASSETS 92,235 101,859
TOTAL ASSETS LESS CURRENT
LIABILITIES

139,409

106,345

CREDITORS
Amounts falling due after more than one
year

8

101,000

85,000
NET ASSETS 38,409 21,345

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 37,409 20,345
SHAREHOLDERS' FUNDS 38,409 21,345

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Leada Motors Ltd (Registered number: 12230277)

Balance Sheet - continued
31 March 2023


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

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 November 2023 and were signed on its behalf by:





Mr S G Lea - Director


Leada Motors Ltd (Registered number: 12230277)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Leada Motors Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Office
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022 5,608 - - 5,608
Additions 9,583 39,350 8,008 56,941
At 31 March 2023 15,191 39,350 8,008 62,549
DEPRECIATION
At 1 April 2022 1,122 - - 1,122
Charge for year 2,814 9,838 1,601 14,253
At 31 March 2023 3,936 9,838 1,601 15,375
NET BOOK VALUE
At 31 March 2023 11,255 29,512 6,407 47,174
At 31 March 2022 4,486 - - 4,486

5. STOCKS
31.3.23 31.3.22
£    £   
Stocks 130,138 121,917

Leada Motors Ltd (Registered number: 12230277)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
VAT - 3,964

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Creditors - 29,167
Corporation Tax - 4,316
VAT 65,838 -
Directors' loan accounts - 745
Accrued expenses 675 645
66,513 34,873

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Other creditors 101,000 85,000

Leada Motors Ltd

Report of the Accountants to the Directors of
Leada Motors Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Profit and Loss Account and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2023 set out on pages three to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






PY Accountants Ltd
33 Holmefield Close
Brayton
Selby
YO8 9LR


3 November 2023