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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
Page
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Lead Element Security Group Ltd Company Information for the year ended 31 January 2024
Director
Mulbarik Alin
Company Number
11747095 (England and Wales)
Registered Office
288 Bishopsgate London EC2M 4QP
Accountants
LowTax Limited 39A High Street Billericay Essex CM12 9BA
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Lead Element Security Group Ltd Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
2,319 
- 
Tangible assets
68,454 
28,510 
70,773 
28,510 
Current assets
Debtors
519,651 
1,136,217 
Cash at bank and in hand
1,059,265 
1,092,915 
1,578,916 
2,229,132 
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
Deferred tax
(16,025)
- 
Net assets
1,306,235 
999,728 
Capital and reserves
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
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Lead Element Security Group Ltd Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
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.
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:
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
33% straight line method
Intangible fixed assets
Intangible fixed assets are included at cost less accumulated amortisation charged at 10% per annum.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 February 2023
- 
Additions
2,577 
At 31 January 2024
2,577 
Amortisation
At 1 February 2023
- 
Charge for the year
258 
At 31 January 2024
258 
Net book value
At 31 January 2024
2,319 
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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 
Depreciation
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 
Net book value
At 31 January 2024
43,291 
274 
24,889 
68,454 
At 31 January 2023
1,982 
365 
26,163 
28,510 
6
Debtors
2024 
2023 
£ 
£ 
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 
519,651 
1,136,217 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
(47,868)
880,474 
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 
291,980 
1,257,914 
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).
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