Leader Analytics Limited |
Statement of Financial Positon As At 31 December 2022 |
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31.12.2022 |
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31.12.2021 |
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Notes |
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£ |
£ |
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£ |
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Fixed assets |
4 |
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2,163 |
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0 |
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Creditors: amounts falling within |
5 |
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(2,983) |
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(2,547) |
one year |
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Total current liabilities |
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(2,983) |
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(2,547) |
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Creditors: amounts falling due after |
6 |
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(68,343) |
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(52,768) |
more than one year |
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Total liabilities less assets |
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£ (69,163) |
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£ (55,315) |
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Capital and deficit |
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£ |
£ |
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Called up share capital |
8 |
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1 |
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1 |
Capital fund |
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12,073 |
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10,644 |
Profit and loss account |
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(81,237) |
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(65,960) |
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Shareholders' reserves |
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£ (69,163) |
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£ (55,315) |
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For the year ending 31 December 2022 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts. |
The financial statements have been prepared in accordance with special provision of Part 15 of the Companies Act 2006 relating to small companies and with the provisions of FRS 102 Section 1A Small Entities. |
The notes on pages 2 to 4 form an integral part of these financial statements. |
The financial statements on pages 1 to 4 were approved by the Board of Directors and were signed on its behalf by: |
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O. Kalechstain |
Director |
Conpany number: 11474001 |
21 September 2023 |
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Leader Analytics Limited |
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Notes to the financial statements - 31 December 2022 |
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Accounting policies |
1 |
STATUTORY INFORMATION |
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Company Information |
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Leader Analytics Limited is a private limited company incorporated and domiciled in England & Wales. The address of its registered office is 5 New Street Square, London, EC4A 3TW. |
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2. |
ACCOUNTING POLICIES |
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2.1 |
Basis of accounting |
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The financial statements have been prepared on a going concern basis, under historical cost convention and in accordance with the provisions of FRS 102 Sedction 1A small entities and the Companies Act 2006. |
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The financial statements are presented in sterling (£). |
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The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. |
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2.2 |
Financial instruments |
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The company has chosen to adapt the sections 11 & 12 of FRS 102 in respect of financial instruments: |
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(i) Financial liabilities |
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Basic financial liabilities including trade, other payable and interest free long term loan advanced by the parent company are initially recognised at transaction price unless arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future receipts discounted at a market value of interest debt instruments are subsequently carried at amortised costs using the effective interest rate method. |
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2.3 |
Going Concern |
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The company suffered a loss and has negative equity. |
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The company is financed by an interest free long term loan from its parent company which is repayable only after 5 years. In addition the parent company guarantees to finance the cash flow requirements of the company for the next 12 months. |
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Taking the above into account the directors are in opinion that the company can prepare the financial statements on a going concern basis. |
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2.4 |
Fixed assets |
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Depreciation is provided at the following annual rates in order to write off the assets over their estimated useful lives: |
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Computer equipment |
3 years straight line |
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Leader Analytics Limited |
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Notes to the financial statements - 31 December 2022 |
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2. |
ACCOUNTING POLICIES (continued) |
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2.5 |
Creditors |
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Basic financial liabilities including trade and other payable are measured at transaction price. |
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Long term loan advanced by group companies is measured at present value, discounted at a market rate of interest. |
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2.6 |
Current & deferred taxation |
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Deferred taxation is provided using the liability method to take into account timing from the inclusion of items of expenditure in taxation computations in periods that differ from those differences arising in which they are included in the financial statements to the extent that it is probably that an or assets will crystallize in the future. |
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Provision for deferred taxation is set off against debit balance of deferred taxation. |
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The current income tax charged is calculated on the basis of the tax rate and laws that have been enacted or substantially enacted by the reporting date in the countries where the company operated and generates income. |
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3. |
Employees |
31.12.2022 |
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31.12.2021 |
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The average number of employees during the year |
1 |
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0 |
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4. |
Fixed assets |
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Computers |
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Total |
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£ |
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£ |
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Cost: |
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Additions |
2,225 |
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2,225 |
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At 31 December 2022 |
2,225 |
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2,225 |
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Depreciation: |
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Charge for the year |
62 |
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62 |
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At 31 December 2022 |
62 |
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62 |
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Net book value: |
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At 31 December 2022 |
2,163 |
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2,163 |
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At 31 December 2021 |
0 |
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0 |
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Leader Analytics Limited |
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Notes to the financial statements - 31 December 2022 |
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5. |
Creditors: amounts falling due |
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within one year |
31.12.2022 |
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31.12.2021 |
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£ |
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£ |
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Accruals |
2,983 |
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2,547 |
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2,983 |
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2,547 |
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6. |
Creditors: amounts falling due after more |
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than one year |
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31.12.2022 |
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31.12.2021 |
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£ |
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£ |
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Parent company- Capital note |
68,343 |
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52,768 |
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The capital note is denominated in pounds and it is repayable after 5 years. |
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The capital note is regarded as a basic financial instrument and therefore is measured at present value of future payment. |
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7. |
Share capital |
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31.12.2022 |
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31.12.2021 |
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£ |
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£ |
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Allotted, called up and fully paid: |
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1,000 Ordinary shares of £0.001 each |
1 |
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1 |
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8. |
Related party transactions |
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Control: |
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The immediate and ultimate parent company is Matics Manufacturing Analytics Ltd, a company incorporated in Israel whose address is: Andrei Sakharov St 9, Haifa, Israel. |
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Matics Manufacturing Analytics Ltd is the smallest and largest group to prepare consolidated accounts that can be obtained from its registered office. |
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Transaction: |
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The company is exempt from disclosing transactions with related parties that are wholly owned within the same group in accordance with FRS 102 Section 33(1)A. |
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9. |
Commitment: |
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The company does not have any financial commitment as at 31 December 2022. |