Caseware UK (AP4) 2022.0.179 2022.0.179 2023-07-312023-07-31false5No description of principal activity2022-08-01false4trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06299897 2022-07-31 06299897 2022-08-01 2023-07-31 06299897 2021-08-01 2022-07-31 06299897 2023-07-31 06299897 c:Director2 2022-08-01 2023-07-31 06299897 d:CurrentFinancialInstruments 2023-07-31 06299897 d:CurrentFinancialInstruments 2022-07-31 06299897 c:FRS102 2022-08-01 2023-07-31 06299897 c:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 06299897 c:FullAccounts 2022-08-01 2023-07-31 06299897 c:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 06299897 2 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure

Registered number: 06299897









GREAT LEAP FORWARD LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2023

 
GREAT LEAP FORWARD LIMITED
REGISTERED NUMBER: 06299897

BALANCE SHEET
AS AT 31 JULY 2023

2023
2022
Note
£
£

  

Fixed assets
  

Current assets
  

Debtors: amounts falling due within one year
 4 
33,120
53,257

Cash at bank and in hand
  
119,279
126,098

  
152,399
179,355

Creditors: amounts falling due within one year
 5 
(74,882)
(94,051)

Net current assets
  
 
 
77,517
 
 
85,304

Total assets less current liabilities
  
77,517
85,304

  

  

  

Net assets excluding pension asset
  
77,517
85,304

Net assets
  
77,517
85,304


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
77,515
85,302

  
77,517
85,304


The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 7 March 2024.

K Potter
Page 1

 
GREAT LEAP FORWARD LIMITED
REGISTERED NUMBER: 06299897
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2023

Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
GREAT LEAP FORWARD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1.


General information

Great Leap Forward Limited is a private company limited by shares and incorporated in England. The address of the registered office is 124 Finchley Road, London, NW3 5JS.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Turnover comprises revenue recognised by the company in respect of general management services supplied during the year.

 
2.3

Government grants

Grants are accounted under the accruals model as permitted by FRS 102.
Grants of a revenue nature are recognised in the statement of income and retained earnings in the same period as the related expenditure.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Page 3

 
GREAT LEAP FORWARD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.7

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.9

Creditors

Short term creditors are measured at the transaction price.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2022 - 4).


4.


Debtors

2023
2022
£
£


Trade debtors
33,120
-

Other debtors
-
53,257

33,120
53,257



5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
12,489
9,960

Corporation tax
31,929
30,213

Other taxation and social security
28,981
7,395

Other creditors
483
45,483

Accruals and deferred income
1,000
1,000

74,882
94,051


Page 4

 
GREAT LEAP FORWARD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

6.


Pension commitments

The company has paid £43,528 (2022: £6,775) into directors' and employees' personal pension plans during the year. The costs are charged to the profit and loss account as incurred.

 
Page 5