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REGISTERED NUMBER: 08986397 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

FOR

LEO ARCHITECTS LIMITED

LEO ARCHITECTS LIMITED (REGISTERED NUMBER: 08986397)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LEO ARCHITECTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTORS: A Kavanagh
Mrs S Kavangh





REGISTERED OFFICE: Meadow Lodge
Berkeley Street
Sibberfoft
Market Harborough
Leicestershire
LE16 9UF





REGISTERED NUMBER: 08986397 (England and Wales)





ACCOUNTANTS: PWH Accountancy Ltd
The Counting House
High Street
Lutterworth
Leicestershire
LE17 4AY

LEO ARCHITECTS LIMITED (REGISTERED NUMBER: 08986397)

BALANCE SHEET
30 APRIL 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,122 8,300

CURRENT ASSETS
Debtors 5 44,004 25,833
Cash at bank and in hand 1 7,581
44,005 33,414
CREDITORS
Amounts falling due within one year 6 34,452 41,657
NET CURRENT ASSETS/(LIABILITIES) 9,553 (8,243 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

17,675

57

CREDITORS
Amounts falling due after more than one
year

7

(14,403

)

-

PROVISIONS FOR LIABILITIES 8 (1,543 ) (4,435 )
NET ASSETS/(LIABILITIES) 1,729 (4,378 )

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 10 1,727 (4,380 )
SHAREHOLDERS' FUNDS 1,729 (4,378 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

LEO ARCHITECTS LIMITED (REGISTERED NUMBER: 08986397)

BALANCE SHEET - continued
30 APRIL 2023


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

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 12 January 2024 and were signed on its behalf by:




A Kavanagh - Director



Mrs S Kavangh - Director


LEO ARCHITECTS LIMITED (REGISTERED NUMBER: 08986397)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

1. STATUTORY INFORMATION

Leo Architects 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.

Critical accounting judgements and key sources of estimation uncertainty
In the application of the Company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered relevant, Actual results may differ from these estimates.

Turnover
Revenue comprises the fair value of the consideration received or receivable for the rendering of services in the ordinary course of the company's activities. Revenue is shown net of VAT and trade discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities. The amount of revenue is not considered to be reliably measurable until all contingencies relating to the sale have been resolved. The company bases its estimates on historical results, taking into consideration the type of customer, the type of transaction and the specifics of each arrangement.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Financial instruments
Financial assets
Receivables are stated at amortised cost using the effective interest rate method. A provision for impairment of receivables is established where there is objective evidence that the company will not be able to collect all amounts due according to the original terms of payment. Receivables are considered for impairment on a case by case basis and any provision is based on the directors' assessment of the amount recoverable on each receivable.

Financial liabilities
The company's financial liabilities include trade and other payables, which are measured at amortised cost using the effective interest rate method. Financial liabilities are recognised when the company becomes a party to the contractual agreements of the instrument. Interest-related charges are recognised as an expense in the period in which they are incurred.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less, and bank overdrafts.


LEO ARCHITECTS LIMITED (REGISTERED NUMBER: 08986397)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2022 3,995 18,940 2,976 25,911
Additions - - 2,627 2,627
At 30 April 2023 3,995 18,940 5,603 28,538
DEPRECIATION
At 1 May 2022 2,210 12,950 2,451 17,611
Charge for year 268 1,497 1,040 2,805
At 30 April 2023 2,478 14,447 3,491 20,416
NET BOOK VALUE
At 30 April 2023 1,517 4,493 2,112 8,122
At 30 April 2022 1,785 5,990 525 8,300

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors - 6,636
Directors' current accounts 38,796 19,197
VAT 4,963 -
Prepayments 245 -
44,004 25,833

LEO ARCHITECTS LIMITED (REGISTERED NUMBER: 08986397)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans and overdrafts 6,699 23,820
Hire purchase contracts 987 -
Trade creditors - 183
Tax 20,606 8,862
Social security and other taxes - (33 )
VAT - 5,239
Other creditors 5,210 2,886
Accrued expenses 950 700
34,452 41,657

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.23 30.4.22
£    £   
Bank loans - 1-2 years 2,142 -
Bank loans - 2-5 years 6,622 -
Bank loans more 5 yr by instal 5,364 -
Hire purchase contracts 275 -
14,403 -

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 5,364 -

8. PROVISIONS FOR LIABILITIES
30.4.23 30.4.22
£    £   
Deferred tax 1,543 4,435

Deferred
tax
£   
Balance at 1 May 2022 4,435
Credit to Income Statement during year (2,892 )
Balance at 30 April 2023 1,543

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.23 30.4.22
value: £    £   
2 Ordinary 1.00 2 2

LEO ARCHITECTS LIMITED (REGISTERED NUMBER: 08986397)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

10. RESERVES
Retained
earnings
£   

At 1 May 2022 (4,380 )
Profit for the year 21,107
Dividends (15,000 )
At 30 April 2023 1,727

11. RELATED PARTY DISCLOSURES

During the year, total dividends of £15,000 (2022 - £32,800) were paid to the directors .

As at 30 April 2023 an amount of £38,797 was due from the directors Mr A Kavanagh and Mrs S Kavanagh (2022 £19,197) this amount is shown under other debtors on the balance sheet.

12. ULTIMATE CONTROLLING PARTY

The controlling party is A Kavanagh.

The ultimate controlling party is Mrs S Kavangh.