Registered number
07870761
Leading Edge Broking Limited
Filleted Accounts
31 December 2023
Leading Edge Broking Limited
Company Information
Director
S J Pugh
Accountants
Anderson Griffin
Rotunda Buildings
Montpellier Exchange
Cheltenham
Glos
Registered office
4 Russet Close
Bredon
Tewkesbury
Glos
Registered number
07870761
Leading Edge Broking Limited
Registered number: 07870761
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,190 755
Current assets
Cash at bank and in hand 42,205 29,507
Creditors: amounts falling due within one year 4 (3,881) (2,873)
Net current assets 38,324 26,634
Total assets less current liabilities 39,514 27,389
Creditors: amounts falling due after more than one year 5 (26,783) (22,379)
Net assets 12,731 5,010
Capital and reserves
Called up share capital 100 100
Profit and loss account 12,631 4,910
Shareholder's funds 12,731 5,010
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S J Pugh
Director
Approved by the board on 30 September 2024
Leading Edge Broking Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Office equipment over 4 years
Computer equipment over 4 years
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Office equipment Computer equipment Total
£ £ £
Cost
At 1 January 2023 1,008 820 1,828
Additions 915 - 915
At 31 December 2023 1,923 820 2,743
Depreciation
At 1 January 2023 253 820 1,073
Charge for the year 480 - 480
At 31 December 2023 733 820 1,553
Net book value
At 31 December 2023 1,190 - 1,190
At 31 December 2022 755 - 755
4 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 2,881 1,873
Other creditors 1,000 1,000
3,881 2,873
5 Creditors: amounts falling due after one year 2023 2022
£ £
Directors loan 26,783 22,379
6 Controlling party
The company is controlled by the director.
7 Other information
Leading Edge Broking Limited is a private company limited by shares and incorporated in England. Its registered office is:
4 Russet Close
Bredon
Tewkesbury
Glos
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