0 false false false false false false false false false false true false false false false false false No description of principal activity 2022-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 04567245 2022-01-01 2023-03-31 04567245 2023-03-31 04567245 2021-12-31 04567245 2021-01-01 2021-12-31 04567245 2021-12-31 04567245 2020-12-31 04567245 bus:Director1 2022-01-01 2023-03-31 04567245 core:WithinOneYear 2023-03-31 04567245 core:WithinOneYear 2021-12-31 04567245 core:ShareCapital 2023-03-31 04567245 core:ShareCapital 2021-12-31 04567245 core:RetainedEarningsAccumulatedLosses 2023-03-31 04567245 core:RetainedEarningsAccumulatedLosses 2021-12-31 04567245 bus:SmallEntities 2022-01-01 2023-03-31 04567245 bus:AuditExempt-NoAccountantsReport 2022-01-01 2023-03-31 04567245 bus:SmallCompaniesRegimeForAccounts 2022-01-01 2023-03-31 04567245 bus:PrivateLimitedCompanyLtd 2022-01-01 2023-03-31 04567245 bus:FullAccounts 2022-01-01 2023-03-31
COMPANY REGISTRATION NUMBER: 04567245
LEASE IT EUROPE LIMITED
Filleted Unaudited Financial Statements
31 March 2023
LEASE IT EUROPE LIMITED
Financial Statements
Period from 1 January 2022 to 31 March 2023
Contents
Page
Statement of financial position
1
Notes to the financial statements
2
LEASE IT EUROPE LIMITED
Statement of Financial Position
31 March 2023
31 Mar 23
31 Dec 21
Note
£
£
£
£
Current assets
Debtors
4
365,875
6,470
Cash at bank and in hand
4,801
4,801
---------
--------
370,676
11,271
Creditors: amounts falling due within one year
5
76,011
7,724
---------
--------
Net current assets
294,665
3,547
---------
-------
Total assets less current liabilities
294,665
3,547
---------
-------
Capital and reserves
Called up share capital
100
100
Profit and loss account
294,565
3,447
---------
-------
Shareholders funds
294,665
3,547
---------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the period ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 22 December 2023 , and are signed on behalf of the board by:
Mr D. L. Keller
Director
Company registration number: 04567245
LEASE IT EUROPE LIMITED
Notes to the Financial Statements
Period from 1 January 2022 to 31 March 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 3a Parkway Industrial Estate, Barton Dock Road, Trafford Park, Manchester, M32 0TL, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
4. Debtors
31 Mar 23
31 Dec 21
£
£
Trade debtors
365,875
6,470
---------
-------
5. Creditors: amounts falling due within one year
31 Mar 23
31 Dec 21
£
£
Social security and other taxes
68,287
Other creditors
7,724
7,724
--------
-------
76,011
7,724
--------
-------