2022-06-012023-05-312023-05-31false10175335LE2D 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LE2D LIMITED

Registered Number
10175335
(England and Wales)

Unaudited Financial Statements for the Year ended
31 May 2023

LE2D LIMITED
Company Information
for the year from 1 June 2022 to 31 May 2023

Director

ELLIOTT, Lee Michael

Registered Address

183 Station Lane
Hornchurch
RM12 6LL

Registered Number

10175335 (England and Wales)
LE2D LIMITED
Balance Sheet as at
31 May 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets51,8222,278
1,8222,278
Current assets
Debtors629,65519,028
Cash at bank and on hand1,41917,752
31,07436,780
Creditors amounts falling due within one year7(32,266)(21,198)
Net current assets (liabilities)(1,192)15,582
Total assets less current liabilities63017,860
Net assets63017,860
Capital and reserves
Called up share capital100100
Profit and loss account53017,760
Shareholders' funds63017,860
The financial statements were approved and authorised for issue by the Director on 15 January 2024, and are signed on its behalf by:
ELLIOTT, Lee Michael
Director
Registered Company No. 10175335
LE2D LIMITED
Notes to the Financial Statements
for the year ended 31 May 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
4.Employee information

20232022
Average number of employees during the year11
5.Property, plant and equipment

Office Equipment

Total

££
Cost or valuation
At 01 June 223,5603,560
At 31 May 233,5603,560
Depreciation and impairment
At 01 June 221,2821,282
Charge for year456456
At 31 May 231,7381,738
Net book value
At 31 May 231,8221,822
At 31 May 222,2782,278
6.Debtors

2023

2022

££
Trade debtors / trade receivables28,50719,028
Other debtors1,148-
Total29,65519,028
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
7.Creditors within one year

2023

2022

££
Trade creditors / trade payables672618
Bank borrowings and overdrafts30,0888,469
Taxation and social security30611,855
Other creditors450-
Accrued liabilities and deferred income750256
Total32,26621,198
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.