Company Registration No. 11340767 (England and Wales)
LEAL TECHNOLOGIES LTD
Unaudited accounts
for the year ended 31 May 2023
LEAL TECHNOLOGIES LTD
Unaudited accounts
Contents
LEAL TECHNOLOGIES LTD
Statement of financial position
as at 31 May 2023
Cash at bank and in hand
8,970
18,496
Creditors: amounts falling due within one year
3,611
(3,167)
Net current assets
12,581
16,329
Total assets less current liabilities
14,585
16,736
Creditors: amounts falling due after more than one year
(7,507)
(9,825)
Called up share capital
1
1
Profit and loss account
7,077
6,910
Shareholders' funds
7,078
6,911
For the year ending 31 May 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 17 July 2023 and were signed on its behalf by
Munish Kumar
Director
Company Registration No. 11340767
LEAL TECHNOLOGIES LTD
Notes to the Accounts
for the year ended 31 May 2023
LEAL TECHNOLOGIES LTD is a private company, limited by shares, registered in England and Wales, registration number 11340767. The registered office is 52 Mullens Road, Egham, England, TW20 8AQ.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% Reducing Balance
Computer equipment
20% Reducing Balance
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 31 May 2023
2,099
509
2,608
Charge for the year
420
82
502
At 31 May 2023
420
184
604
At 31 May 2023
1,679
325
2,004
Amounts falling due within one year
LEAL TECHNOLOGIES LTD
Notes to the Accounts
for the year ended 31 May 2023
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
(921)
2,057
Loans from directors
(3,200)
-
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).