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Company Registration No. 10940183 (England and Wales)
LEAP OF FAITH CREATIVES LTD Unaudited accounts for the year ended 31 March 2023
LEAP OF FAITH CREATIVES LTD Unaudited accounts Contents
Page
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LEAP OF FAITH CREATIVES LTD Company Information for the year ended 31 March 2023
Director
Hanna Fiedler
Company Number
10940183 (England and Wales)
Registered Office
SUITE 153 MILTON KEYNES BUSINESS CENTRE FOXHUNTER DRIVE, LINFORD WOOD MILTON KEYNES BUCKINGHAMSHIRE MK14 6GD ENGLAND
Accountants
Arth Limited 655 Milton Keynes Business Centre Foxhunter Drive Milton Keynes Buckinghamshire MK14 6GD
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LEAP OF FAITH CREATIVES LTD Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,504 
6,398 
Current assets
Inventories
10,375 
10,375 
Debtors
7,205 
26,227 
Cash at bank and in hand
17,810 
41,354 
35,390 
77,956 
Creditors: amounts falling due within one year
(174,032)
(545,945)
Net current liabilities
(138,642)
(467,989)
Total assets less current liabilities
(135,138)
(461,591)
Creditors: amounts falling due after more than one year
(382,940)
- 
Net liabilities
(518,078)
(461,591)
Capital and reserves
Called up share capital
120 
120 
Share premium
17,513 
17,513 
Profit and loss account
(535,711)
(479,224)
Shareholders' funds
(518,078)
(461,591)
For the year ending 31 March 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 March 2024 and were signed on its behalf by
Hanna Fiedler Director Company Registration No. 10940183
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LEAP OF FAITH CREATIVES LTD Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
LEAP OF FAITH CREATIVES LTD is a private company, limited by shares, registered in England and Wales, registration number 10940183. The registered office is SUITE 153 MILTON KEYNES BUSINESS CENTRE, FOXHUNTER DRIVE, LINFORD WOOD, MILTON KEYNES, BUCKINGHAMSHIRE, MK14 6GD, ENGLAND.
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.
Presentation currency
The accounts are presented in £ sterling.
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% on cost
Computer equipment
25% on cost
Going concern
The financial statements have been prepared on a going concern basis, in spite of the loss making position of the company. This is on the basis of the fact that a substantial portion of the future spending is discretionary and entirely within the control of the directors and also any future funding requirements will be met.
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2022
10,044 
2,913 
12,957 
At 31 March 2023
10,044 
2,913 
12,957 
Depreciation
At 1 April 2022
4,888 
1,671 
6,559 
Charge for the year
2,433 
461 
2,894 
At 31 March 2023
7,321 
2,132 
9,453 
Net book value
At 31 March 2023
2,723 
781 
3,504 
At 31 March 2022
5,156 
1,242 
6,398 
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LEAP OF FAITH CREATIVES LTD Notes to the Accounts for the year ended 31 March 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
2,605 
16,615 
Trade debtors
4,291 
6,027 
Accrued income and prepayments
309 
3,585 
7,205 
26,227 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
- 
339,958 
Trade creditors
9,629 
26,536 
Taxes and social security
- 
13,531 
Other creditors
- 
865 
Loans from directors
164,403 
163,560 
Accruals
- 
1,495 
174,032 
545,945 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Other creditors
382,940 
- 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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