Silverfin false false 30/06/2024 01/07/2023 30/06/2024 P D Craven 23/06/2017 J A Tate 23/06/2017 16 August 2024 The principal activity of the Company during the financial year was providing internet-based leads. 10834333 2024-06-30 10834333 bus:Director1 2024-06-30 10834333 bus:Director2 2024-06-30 10834333 2023-06-30 10834333 core:CurrentFinancialInstruments 2024-06-30 10834333 core:CurrentFinancialInstruments 2023-06-30 10834333 core:Non-currentFinancialInstruments 2024-06-30 10834333 core:Non-currentFinancialInstruments 2023-06-30 10834333 core:ShareCapital 2024-06-30 10834333 core:ShareCapital 2023-06-30 10834333 core:RetainedEarningsAccumulatedLosses 2024-06-30 10834333 core:RetainedEarningsAccumulatedLosses 2023-06-30 10834333 core:OfficeEquipment 2023-06-30 10834333 core:ComputerEquipment 2023-06-30 10834333 core:OfficeEquipment 2024-06-30 10834333 core:ComputerEquipment 2024-06-30 10834333 core:RemainingRelatedParties core:CurrentFinancialInstruments 2024-06-30 10834333 core:RemainingRelatedParties core:CurrentFinancialInstruments 2023-06-30 10834333 2023-07-01 2024-06-30 10834333 bus:FilletedAccounts 2023-07-01 2024-06-30 10834333 bus:SmallEntities 2023-07-01 2024-06-30 10834333 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 10834333 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 10834333 bus:Director1 2023-07-01 2024-06-30 10834333 bus:Director2 2023-07-01 2024-06-30 10834333 core:OfficeEquipment core:TopRangeValue 2023-07-01 2024-06-30 10834333 core:ComputerEquipment core:TopRangeValue 2023-07-01 2024-06-30 10834333 2022-07-01 2023-06-30 10834333 core:OfficeEquipment 2023-07-01 2024-06-30 10834333 core:ComputerEquipment 2023-07-01 2024-06-30 10834333 core:Non-currentFinancialInstruments 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Company No: 10834333 (England and Wales)

LEAD PARTNERS LIMITED

Unaudited Financial Statements
For the financial year ended 30 June 2024
Pages for filing with the registrar

LEAD PARTNERS LIMITED

Unaudited Financial Statements

For the financial year ended 30 June 2024

Contents

LEAD PARTNERS LIMITED

BALANCE SHEET

As at 30 June 2024
LEAD PARTNERS LIMITED

BALANCE SHEET (continued)

As at 30 June 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 2,767 1,818
2,767 1,818
Current assets
Debtors 4 186,653 210,551
Cash at bank and in hand 58,168 6,050
244,821 216,601
Creditors: amounts falling due within one year 5 ( 209,619) ( 175,683)
Net current assets 35,202 40,918
Total assets less current liabilities 37,969 42,736
Creditors: amounts falling due after more than one year 6 ( 10,000) ( 20,000)
Net assets 27,969 22,736
Capital and reserves
Called-up share capital 100 100
Profit and loss account 27,869 22,636
Total shareholders' funds 27,969 22,736

For the financial year ending 30 June 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Lead Partners Limited (registered number: 10834333) were approved and authorised for issue by the Board of Directors on 16 August 2024. They were signed on its behalf by:

P D Craven
Director
LEAD PARTNERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
LEAD PARTNERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Lead Partners Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Office equipment 3 years straight line
Computer equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a financing transaction it is measured at X.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 4 2

3. Tangible assets

Office equipment Computer equipment Total
£ £ £
Cost
At 01 July 2023 2,166 1,045 3,211
Additions 0 2,908 2,908
At 30 June 2024 2,166 3,953 6,119
Accumulated depreciation
At 01 July 2023 842 551 1,393
Charge for the financial year 722 1,237 1,959
At 30 June 2024 1,564 1,788 3,352
Net book value
At 30 June 2024 602 2,165 2,767
At 30 June 2023 1,324 494 1,818

4. Debtors

2024 2023
£ £
Trade debtors 171,120 194,985
Other debtors 15,533 15,566
186,653 210,551

5. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 10,000 10,000
Trade creditors 3,395 1,247
Amounts owed to related parties 177,382 143,973
Taxation and social security 17,037 18,753
Other creditors 1,805 1,710
209,619 175,683

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 10,000 20,000

There are no amounts included above in respect of which any security has been given by the small entity.