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REGISTERED NUMBER: 04943740 (England and Wales)















LEAP TRAINING LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023






LEAP TRAINING LIMITED (REGISTERED NUMBER: 04943740)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Abridged Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 5


LEAP TRAINING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Amos Richardson
Brenda Sanderson





REGISTERED OFFICE: Unit 6
Mellish Estate
Harrington Way
London
SE18 5NR





REGISTERED NUMBER: 04943740 (England and Wales)





ACCOUNTANTS: TG Associates Limited
Chartered Accountants
7 Jardine House
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX

LEAP TRAINING LIMITED (REGISTERED NUMBER: 04943740)

ABRIDGED BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 313,283 298,260

CURRENT ASSETS
Debtors 64,130 58,157
Cash in hand 280,252 390,703
344,382 448,860
CREDITORS
Amounts falling due within one year 79,018 95,639
NET CURRENT ASSETS 265,364 353,221
TOTAL ASSETS LESS CURRENT
LIABILITIES

578,647

651,481

CREDITORS
Amounts falling due after more than one
year

(92,397

)

(128,368

)

PROVISIONS FOR LIABILITIES 6 (57,150 ) (58,671 )
NET ASSETS 429,100 464,442

RESERVES
Retained earnings 429,100 464,442
429,100 464,442

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.

LEAP TRAINING LIMITED (REGISTERED NUMBER: 04943740)

ABRIDGED 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 November 2023 and were signed on its behalf by:





Brenda Sanderson - Director


LEAP TRAINING LIMITED (REGISTERED NUMBER: 04943740)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

LEAP TRAINING LIMITED 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 represents invoiced sales of services and admission and membership fees.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life
Building work - written off over 15 years
Climbing wall - Reach - written off over 15 years
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

LEAP TRAINING LIMITED (REGISTERED NUMBER: 04943740)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2022 - 12 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022 981,767
Additions 120,295
At 31 March 2023 1,102,062
DEPRECIATION
At 1 April 2022 683,507
Charge for year 105,272
At 31 March 2023 788,779
NET BOOK VALUE
At 31 March 2023 313,283
At 31 March 2022 298,260

5. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Bank loans 136,701 172,276

The Co-Operative Bank p.l.c. has a fixed and floating charge on the company's assets.

6. PROVISIONS FOR LIABILITIES
31.3.23 31.3.22
£    £   
Deferred tax 57,150 58,671

Deferred
tax
£   
Balance at 1 April 2022 58,671
Credit to Income Statement during year (1,521 )
Balance at 31 March 2023 57,150

The provision for deferred taxation is made up of accelerated capital allowances.