Silverfin false false 30/04/2024 01/05/2023 30/04/2024 P D Craven 24/02/2005 M Harries 16/04/2024 J A Tate 24/02/2005 16 August 2024 The principal activity of the Company during the financial year was providing internet-based leads. 05374791 2024-04-30 05374791 bus:Director1 2024-04-30 05374791 bus:Director2 2024-04-30 05374791 bus:Director3 2024-04-30 05374791 2023-04-30 05374791 core:CurrentFinancialInstruments 2024-04-30 05374791 core:CurrentFinancialInstruments 2023-04-30 05374791 core:Non-currentFinancialInstruments 2024-04-30 05374791 core:Non-currentFinancialInstruments 2023-04-30 05374791 core:ShareCapital 2024-04-30 05374791 core:ShareCapital 2023-04-30 05374791 core:RetainedEarningsAccumulatedLosses 2024-04-30 05374791 core:RetainedEarningsAccumulatedLosses 2023-04-30 05374791 core:Vehicles 2023-04-30 05374791 core:FurnitureFittings 2023-04-30 05374791 core:OfficeEquipment 2023-04-30 05374791 core:Vehicles 2024-04-30 05374791 core:FurnitureFittings 2024-04-30 05374791 core:OfficeEquipment 2024-04-30 05374791 2023-05-01 2024-04-30 05374791 bus:FilletedAccounts 2023-05-01 2024-04-30 05374791 bus:SmallEntities 2023-05-01 2024-04-30 05374791 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 05374791 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 05374791 bus:Director1 2023-05-01 2024-04-30 05374791 bus:Director2 2023-05-01 2024-04-30 05374791 bus:Director3 2023-05-01 2024-04-30 05374791 core:Vehicles 2023-05-01 2024-04-30 05374791 core:FurnitureFittings 2023-05-01 2024-04-30 05374791 core:OfficeEquipment core:TopRangeValue 2023-05-01 2024-04-30 05374791 2022-05-01 2023-04-30 05374791 core:OfficeEquipment 2023-05-01 2024-04-30 05374791 core:Non-currentFinancialInstruments 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Company No: 05374791 (England and Wales)

THE LEAD ADVISORY COMPANY LIMITED

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

THE LEAD ADVISORY COMPANY LIMITED

Unaudited Financial Statements

For the financial year ended 30 April 2024

Contents

THE LEAD ADVISORY COMPANY LIMITED

BALANCE SHEET

As at 30 April 2024
THE LEAD ADVISORY COMPANY LIMITED

BALANCE SHEET (continued)

As at 30 April 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 20,143 11,240
20,143 11,240
Current assets
Debtors 4 655,827 502,902
Cash at bank and in hand 479,932 366,972
1,135,759 869,874
Creditors: amounts falling due within one year 5 ( 1,108,040) ( 720,894)
Net current assets 27,719 148,980
Total assets less current liabilities 47,862 160,220
Creditors: amounts falling due after more than one year 6 ( 5,208) ( 67,708)
Provision for liabilities ( 5,035) ( 2,135)
Net assets 37,619 90,377
Capital and reserves
Called-up share capital 100 100
Profit and loss account 37,519 90,277
Total shareholders' funds 37,619 90,377

For the financial year ending 30 April 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 The Lead Advisory Company Limited (registered number: 05374791) 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
THE LEAD ADVISORY COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
THE LEAD ADVISORY COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 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

The Lead Advisory Company 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 £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date

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.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

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 or reducing balance basis over its expected useful life, as follows:

Vehicles 25 % reducing balance
Fixtures and fittings 20 % reducing balance
Office 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.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 13 14

3. Tangible assets

Vehicles Fixtures and fittings Office equipment Total
£ £ £ £
Cost
At 01 May 2023 2,250 16,022 82,748 101,020
Additions 10,820 2,116 2,190 15,126
Disposals ( 2,250) 0 0 ( 2,250)
At 30 April 2024 10,820 18,138 84,938 113,896
Accumulated depreciation
At 01 May 2023 1,850 12,251 75,679 89,780
Charge for the financial year 317 1,123 4,475 5,915
Disposals ( 1,942) 0 0 ( 1,942)
At 30 April 2024 225 13,374 80,154 93,753
Net book value
At 30 April 2024 10,595 4,764 4,784 20,143
At 30 April 2023 400 3,771 7,069 11,240

4. Debtors

2024 2023
£ £
Trade debtors 437,415 304,890
Other debtors 218,412 198,012
655,827 502,902

5. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 62,500 62,500
Trade creditors 393,147 307,900
Taxation and social security 301,979 340,214
Other creditors 350,414 10,280
1,108,040 720,894

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

2024 2023
£ £
Bank loans 5,208 67,708

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

7. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
Key Management 1,401 11,011

No interest has been charged on the overdrawn loan account.