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REGISTERED NUMBER: 02672034 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

LEADING EDGE SOFTWARE LIMITED

LEADING EDGE SOFTWARE LIMITED (REGISTERED NUMBER: 02672034)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LEADING EDGE SOFTWARE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTOR: Mr C J E Jack





SECRETARY: Mrs E R Jack





REGISTERED OFFICE: 3 Ivory Close
St. Albans
Hertfordshire
AL4 0GU





REGISTERED NUMBER: 02672034 (England and Wales)





ACCOUNTANTS: MGR SD Limited
Chartered Accountants
55 Loudoun Road
London
NW8 0DL

LEADING EDGE SOFTWARE LIMITED (REGISTERED NUMBER: 02672034)

BALANCE SHEET
30 JUNE 2023

30.6.23 30.6.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 5,214 5,958

CURRENT ASSETS
Debtors 5 22,803 472
Cash at bank 47,915 7,091
70,718 7,563
CREDITORS
Amounts falling due within one year 6 (26,610 ) (11,817 )
NET CURRENT ASSETS/(LIABILITIES) 44,108 (4,254 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

49,322

1,704

PROVISIONS FOR LIABILITIES 7 (991 ) (1,132 )
NET ASSETS 48,331 572

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 48,231 472
SHAREHOLDERS' FUNDS 48,331 572

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

LEADING EDGE SOFTWARE LIMITED (REGISTERED NUMBER: 02672034)

BALANCE SHEET - continued
30 JUNE 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 director and authorised for issue on 20 February 2024 and were signed by:





Mr C J E Jack - Director


LEADING EDGE SOFTWARE LIMITED (REGISTERED NUMBER: 02672034)

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


1. STATUTORY INFORMATION

Leading Edge Software 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.

There are net current assets of £44,108 (2022: net current liabilities of £4,254) at the balance sheet date.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

LEADING EDGE SOFTWARE LIMITED (REGISTERED NUMBER: 02672034)

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


3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 July 2022 10,680 20,968 31,648
Additions - 994 994
At 30 June 2023 10,680 21,962 32,642
DEPRECIATION
At 1 July 2022 10,643 15,047 25,690
Charge for year 10 1,728 1,738
At 30 June 2023 10,653 16,775 27,428
NET BOOK VALUE
At 30 June 2023 27 5,187 5,214
At 30 June 2022 37 5,921 5,958

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 18,686 -
Other debtors 4,117 472
22,803 472

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade creditors - 10,876
Taxation and social security 26,610 940
Other creditors - 1
26,610 11,817

7. PROVISIONS FOR LIABILITIES
30.6.23 30.6.22
£    £   
Deferred tax
Accelerated capital allowances 991 1,132

LEADING EDGE SOFTWARE LIMITED (REGISTERED NUMBER: 02672034)

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


7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 July 2022 1,132
Provided during year (141 )
Balance at 30 June 2023 991

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
100 Ordinary £1 100 100

9. PENSION COMMITMENTS

The company makes payments to a defined contribution scheme on behalf of the director. Amounts charged to the profit and loss account were NIL for the year (2022: £900). There were no outstanding or prepaid contributions at the balance sheet date.