Company Registration No. 11747095 (England and Wales)
Lead Element Security Group Ltd
Unaudited accounts
for the year ended 31 January 2024
Lead Element Security Group Ltd
Unaudited accounts
Contents
Lead Element Security Group Ltd
Company Information
for the year ended 31 January 2024
Company Number
11747095 (England and Wales)
Registered Office
288 Bishopsgate
London
EC2M 4QP
Accountants
LowTax Limited
39A High Street
Billericay
Essex
CM12 9BA
Lead Element Security Group Ltd
Statement of financial position
as at 31 January 2024
Tangible assets
68,454
28,510
Cash at bank and in hand
1,059,265
1,092,915
Creditors: amounts falling due within one year
(291,980)
(1,257,914)
Net current assets
1,286,936
971,218
Total assets less current liabilities
1,357,709
999,728
Creditors: amounts falling due after more than one year
(35,449)
-
Provisions for liabilities
Net assets
1,306,235
999,728
Called up share capital
2
2
Profit and loss account
1,306,233
999,726
Shareholders' funds
1,306,235
999,728
For the year ending 31 January 2024 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 11 April 2024 and were signed on its behalf by
Mulbarik Alin
Director
Company Registration No. 11747095
Lead Element Security Group Ltd
Notes to the Accounts
for the year ended 31 January 2024
Lead Element Security Group Ltd is a private company, limited by shares, registered in England and Wales, registration number 11747095. The registered office is 288 Bishopsgate, London, EC2M 4QP.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
33% straight line method
Intangible fixed assets are included at cost less accumulated amortisation charged at 10% per annum.
4
Intangible fixed assets
Other
Lead Element Security Group Ltd
Notes to the Accounts
for the year ended 31 January 2024
5
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 February 2023
3,800
1,155
48,408
53,363
Additions
55,739
-
20,111
75,850
Disposals
-
-
(2,750)
(2,750)
At 31 January 2024
59,539
1,155
65,769
126,463
At 1 February 2023
1,818
790
22,245
24,853
Charge for the year
14,430
91
19,543
34,064
On disposals
-
-
(908)
(908)
At 31 January 2024
16,248
881
40,880
58,009
At 31 January 2024
43,291
274
24,889
68,454
At 31 January 2023
1,982
365
26,163
28,510
Amounts falling due within one year
Amounts due from group undertakings etc.
32,000
-
Accrued income and prepayments
470,351
1,118,917
Other debtors
17,300
17,300
7
Creditors: amounts falling due within one year
2024
2023
Obligations under finance leases and hire purchase contracts
8,877
-
Trade creditors
10,229
5,748
Taxes and social security
158,266
246,314
Other creditors
(1,699)
1,119
Loans from directors
164,175
124,259
8
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
35,449
-
9
Average number of employees
During the year the average number of employees was 13 (2023: 8).