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Company Registration No. 12483590 (England and Wales)
LEOT LTD Unaudited accounts for the year ended 28 February 2023
LEOT LTD Unaudited accounts Contents
Page
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LEOT LTD Company Information for the year ended 28 February 2023
Director
Ihsan Temel
Company Number
12483590 (England and Wales)
Registered Office
13 Lansdowne Road Bournemouth Dorset BH1 1RZ
Accountants
Thyme Accounting Services Limited Flat 10 Leighton Lodge 15 Branksome Wood Road Bournemouth Dorset BH2 6BX
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LEOT LTD Accountants' report
Accountants' report to the director of LEOT LTD on the preparation of the unaudited statutory accounts for the year ended 28 February 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of LEOT LTD for the year ended 28 February 2023 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of LEOT LTD, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of LEOT LTD and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than LEOT LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that LEOT LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of LEOT LTD. You consider that LEOT LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of LEOT LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Thyme Accounting Services Limited Flat 10 Leighton Lodge 15 Branksome Wood Road Bournemouth Dorset BH2 6BX 28 November 2023
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LEOT LTD Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
24,000 
27,000 
Tangible assets
13,248 
28,212 
37,248 
55,212 
Current assets
Debtors
7,057 
10,928 
Cash at bank and in hand
1,158 
13,840 
8,215 
24,768 
Creditors: amounts falling due within one year
(18,748)
(19,814)
Net current (liabilities)/assets
(10,533)
4,954 
Total assets less current liabilities
26,715 
60,166 
Creditors: amounts falling due after more than one year
(42,751)
(49,396)
Net (liabilities)/assets
(16,036)
10,770 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(16,136)
10,670 
Shareholders' funds
(16,036)
10,770 
For the year ending 28 February 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 28 November 2023 and were signed on its behalf by
Ihsan Temel Director Company Registration No. 12483590
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LEOT LTD Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
LEOT LTD is a private company, limited by shares, registered in England and Wales, registration number 12483590. The registered office is 13 Lansdowne Road, Bournemouth, Dorset, BH1 1RZ.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Plant & machinery
25% on a reducing balance basis
Motor vehicles
25% on a reducing balance basis
Fixtures & fittings
25% on a reducing balance basis
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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LEOT LTD Notes to the Accounts for the year ended 28 February 2023
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 March 2022
30,000 
At 28 February 2023
30,000 
Amortisation
At 1 March 2022
3,000 
Charge for the year
3,000 
At 28 February 2023
6,000 
Net book value
At 28 February 2023
24,000 
At 28 February 2022
27,000 
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 March 2022
21,552 
9,500 
9,203 
40,255 
Additions
- 
- 
84 
84 
Disposals
- 
(9,500)
(2,000)
(11,500)
At 28 February 2023
21,552 
- 
7,287 
28,839 
Depreciation
At 1 March 2022
8,191 
200 
3,652 
12,043 
Charge for the year
3,340 
- 
1,075 
4,415 
On disposals
- 
(200)
(667)
(867)
At 28 February 2023
11,531 
- 
4,060 
15,591 
Net book value
At 28 February 2023
10,021 
- 
3,227 
13,248 
At 28 February 2022
13,361 
9,300 
5,551 
28,212 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
- 
6,803 
Trade debtors
86 
- 
Other debtors
6,971 
4,094 
7,057 
10,897 
Amounts falling due after more than one year
Trade debtors
- 
31 
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LEOT LTD Notes to the Accounts for the year ended 28 February 2023
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
13,759 
14,825 
Taxes and social security
1,339 
1,339 
Accruals
3,650 
3,650 
18,748 
19,814 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
42,751 
49,396 
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Loan to director
- 
4,097 
- 
4,097 
- 
4,097 
- 
4,097 
10
Average number of employees
During the year the average number of employees was 2 (2022: 9).
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