Company Registration No. 11659999 (England and Wales)
Leonard Group Ltd
Unaudited accounts
for the year ended 30 November 2023
Leonard Group Ltd
Unaudited accounts
Contents
Leonard Group Ltd
Company Information
for the year ended 30 November 2023
Company Number
11659999 (England and Wales)
Registered Office
123 Cross Lane East
Gravesend
Kent
DA12 5HA
Accountants
King & Taylor
123 Cross Lane East
Gravesend
Kent
DA12 5HA
Leonard Group Ltd
Statement of financial position
as at 30 November 2023
Tangible assets
4,088
4,511
Cash at bank and in hand
18,272
23,499
Creditors: amounts falling due within one year
(22,381)
(16,309)
Net current assets
48,850
32,011
Total assets less current liabilities
52,938
36,522
Creditors: amounts falling due after more than one year
(9,792)
(14,072)
Called up share capital
100
100
Profit and loss account
43,046
22,350
Shareholders' funds
43,146
22,450
For the year ending 30 November 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 April 2024 and were signed on its behalf by
S Leonard
Director
Company Registration No. 11659999
Leonard Group Ltd
Notes to the Accounts
for the year ended 30 November 2023
Leonard Group Ltd is a private company, limited by shares, registered in England and Wales, registration number 11659999. The registered office is 123 Cross Lane East, Gravesend, Kent, DA12 5HA.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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% reducing balance
Motor vehicles
25% reducing balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Leonard Group Ltd
Notes to the Accounts
for the year ended 30 November 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 December 2022
402
12,858
13,260
At 30 November 2023
1,035
13,058
14,093
At 1 December 2022
72
8,677
8,749
Charge for the year
161
1,095
1,256
At 30 November 2023
233
9,772
10,005
At 30 November 2023
802
3,286
4,088
At 30 November 2022
330
4,181
4,511
Amounts falling due within one year
Trade debtors
40,088
22,598
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
4,280
3,869
Taxes and social security
15,191
7,904
Loans from directors
2,910
4,536
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).