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COMPANY REGISTRATION NUMBER: 10995805
Lead Indicators Limited
Filleted Unaudited Financial Statements
For the year ended
31 October 2023
Lead Indicators Limited
Financial Statements
Year ended 31 October 2023
Contents
Page
Accountant's report to the board of directors on the preparation of the unaudited statutory financial statements of Lead Indicators Limited
1
Statement of financial position
2
Notes to the financial statements
4
Lead Indicators Limited
Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Lead Indicators Limited
Year ended 31 October 2023
As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 31 October 2023, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
CLAY SHAW THOMAS LTD
2 Oldfield Road Bocam Park Bridgend CF35 5LJ
31 July 2024
Lead Indicators Limited
Statement of Financial Position
31 October 2023
2023
2022
Note
£
£
£
Fixed assets
Tangible assets
5
2,347
3,129
Investments
6
1,061,329
154,349
-----------
---------
1,063,676
157,478
Current assets
Debtors
7
70
31,452
Cash at bank and in hand
157,581
44,614
---------
-------
157,651
76,066
Creditors: amounts falling due within one year
8
983,567
45,052
---------
-------
Net current (liabilities)/assets
( 825,916)
31,014
-----------
---------
Total assets less current liabilities
237,760
188,492
Provisions
446
595
---------
---------
Net assets
237,314
187,897
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
237,214
187,797
---------
---------
Shareholders funds
237,314
187,897
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Lead Indicators Limited
Statement of Financial Position (continued)
31 October 2023
These financial statements were approved by the board of directors and authorised for issue on 31 July 2024 , and are signed on behalf of the board by:
Mr M J Waring
Director
Company registration number: 10995805
Lead Indicators Limited
Notes to the Financial Statements
Year ended 31 October 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 2 Oldfield Road, Bocam Park, Bridgend, Bridgend County Borough, CF35 5LJ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities measured at fair value through profit or loss.
Revenue recognition
The turnover shown in the profit and loss account represents amounts receivable during the year in respect of management consultancy.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
25% reducing balance
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2022: Nil).
5. Tangible assets
Equipment
£
Cost
At 1 November 2022 and 31 October 2023
4,985
------
Depreciation
At 1 November 2022
1,856
Charge for the year
782
------
At 31 October 2023
2,638
------
Carrying amount
At 31 October 2023
2,347
------
At 31 October 2022
3,129
------
6. Investments
Shares in participating interests
£
Cost
At 1 November 2022
154,349
Additions
906,980
-----------
At 31 October 2023
1,061,329
-----------
Impairment
At 1 November 2022 and 31 October 2023
-----------
Carrying amount
At 31 October 2023
1,061,329
-----------
At 31 October 2022
154,349
-----------
Investments represent non-controlling interests in non-listed companies.
7. Debtors
2023
2022
£
£
Trade debtors
31,384
Other debtors
70
68
----
-------
70
31,452
----
-------
8. Creditors: amounts falling due within one year
2023
2022
£
£
Social security and other taxes
36,459
39,849
Other creditors
947,108
5,203
---------
-------
983,567
45,052
---------
-------