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Company Registration No. 11659999 (England and Wales)
Leonard Group Ltd Unaudited accounts for the year ended 30 November 2023
Leonard Group Ltd Unaudited accounts Contents
Page
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Leonard Group Ltd Company Information for the year ended 30 November 2023
Director
S Leonard
Company Number
11659999 (England and Wales)
Registered Office
123 Cross Lane East Gravesend Kent DA12 5HA
Accountants
King & Taylor 123 Cross Lane East Gravesend Kent DA12 5HA
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Leonard Group Ltd Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,088 
4,511 
Current assets
Debtors
52,959 
24,821 
Cash at bank and in hand
18,272 
23,499 
71,231 
48,320 
Creditors: amounts falling due within one year
(22,381)
(16,309)
Net current assets
48,850 
32,011 
Total assets less current liabilities
52,938 
36,522 
Creditors: amounts falling due after more than one year
(9,792)
(14,072)
Net assets
43,146 
22,450 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
43,046 
22,350 
Shareholders' funds
43,146 
22,450 
For the year ending 30 November 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 8 April 2024 and were signed on its behalf by
S Leonard Director Company Registration No. 11659999
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Leonard Group Ltd Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
Leonard Group Ltd is a private company, limited by shares, registered in England and Wales, registration number 11659999. The registered office is 123 Cross Lane East, Gravesend, Kent, DA12 5HA.
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.
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% reducing balance
Motor vehicles
25% reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Leonard Group Ltd Notes to the Accounts for the year ended 30 November 2023
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 December 2022
402 
12,858 
13,260 
Additions
633 
200 
833 
At 30 November 2023
1,035 
13,058 
14,093 
Depreciation
At 1 December 2022
72 
8,677 
8,749 
Charge for the year
161 
1,095 
1,256 
At 30 November 2023
233 
9,772 
10,005 
Net book value
At 30 November 2023
802 
3,286 
4,088 
At 30 November 2022
330 
4,181 
4,511 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
4,995 
637 
Trade debtors
40,088 
22,598 
Other debtors
7,876 
1,586 
52,959 
24,821 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
4,280 
3,869 
Taxes and social security
15,191 
7,904 
Loans from directors
2,910 
4,536 
22,381 
16,309 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
9,792 
14,072 
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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