IRIS Accounts Production v24.2.0.383 13514166 director 1.8.23 31.7.24 31.7.24 0 0 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh135141662023-07-31135141662024-07-31135141662023-08-012024-07-31135141662022-07-31135141662022-08-012023-07-31135141662023-07-3113514166ns15:EnglandWales2023-08-012024-07-3113514166ns14:PoundSterling2023-08-012024-07-3113514166ns10:Director12023-08-012024-07-3113514166ns10:PrivateLimitedCompanyLtd2023-08-012024-07-3113514166ns10:SmallEntities2023-08-012024-07-3113514166ns10:AuditExempt-NoAccountantsReport2023-08-012024-07-3113514166ns10:SmallCompaniesRegimeForDirectorsReport2023-08-012024-07-3113514166ns10:SmallCompaniesRegimeForAccounts2023-08-012024-07-3113514166ns10:FullAccounts2023-08-012024-07-3113514166ns10:OrdinaryShareClass12023-08-012024-07-3113514166ns10:RegisteredOffice2023-08-012024-07-3113514166ns5:CurrentFinancialInstruments2024-07-3113514166ns5:CurrentFinancialInstruments2023-07-3113514166ns5:ShareCapital2024-07-3113514166ns5:ShareCapital2023-07-3113514166ns5:RetainedEarningsAccumulatedLosses2024-07-3113514166ns5:RetainedEarningsAccumulatedLosses2023-07-3113514166ns5:FurnitureFittings2023-07-3113514166ns5:ComputerEquipment2023-07-3113514166ns5:FurnitureFittings2023-08-012024-07-3113514166ns5:ComputerEquipment2023-08-012024-07-3113514166ns5:FurnitureFittings2024-07-3113514166ns5:ComputerEquipment2024-07-3113514166ns5:FurnitureFittings2023-07-3113514166ns5:ComputerEquipment2023-07-3113514166ns5:WithinOneYearns5:CurrentFinancialInstruments2024-07-3113514166ns5:WithinOneYearns5:CurrentFinancialInstruments2023-07-3113514166ns10:OrdinaryShareClass12024-07-31
REGISTERED NUMBER: 13514166 (England and Wales)















Financial Statements for the Year Ended 31 July 2024

for

Online Leap Ltd

Online Leap Ltd (Registered number: 13514166)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Online Leap Ltd

Company Information
for the Year Ended 31 July 2024







DIRECTOR: Z Medcalf





REGISTERED OFFICE: 11 Robin Hood Lane
Winnersh
Wokingham
RG41 5LU





REGISTERED NUMBER: 13514166 (England and Wales)





ACCOUNTANTS: Millward, May & Co
The Overhangs
55a Peach Street
Wokingham
Berkshire
RG40 1XP

Online Leap Ltd (Registered number: 13514166)

Statement of Financial Position
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,686 2,137

CURRENT ASSETS
Debtors 5 77,407 48,130
Cash at bank 1,129 124
78,536 48,254
CREDITORS
Amounts falling due within one year 6 79,810 49,899
NET CURRENT LIABILITIES (1,274 ) (1,645 )
TOTAL ASSETS LESS CURRENT LIABILITIES 412 492

PROVISIONS FOR LIABILITIES 321 406
NET ASSETS 91 86

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 90 85
SHAREHOLDERS' FUNDS 91 86

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 September 2024 and were signed by:





Z Medcalf - Director


Online Leap Ltd (Registered number: 13514166)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Online Leap Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment - 3 year straight line
Fixtures & Fittings - 4 year straight line

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

Online Leap Ltd (Registered number: 13514166)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 August 2023 248 2,403 2,651
Additions - 479 479
At 31 July 2024 248 2,882 3,130
DEPRECIATION
At 1 August 2023 47 467 514
Charge for year 62 868 930
At 31 July 2024 109 1,335 1,444
NET BOOK VALUE
At 31 July 2024 139 1,547 1,686
At 31 July 2023 201 1,936 2,137

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 300 1,638
Other debtors 77,107 46,492
77,407 48,130

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Taxation and social security 41,130 28,469
Other creditors 38,680 21,430
79,810 49,899

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
1 Ordinary £1 1 1

8. RELATED PARTY DISCLOSURES

During the period the director maintained a loan account with the company. At the period end the director owed the company £57,650 (2023 - £34,760). This loan is shown within other debtors and interest is payable at the HMRC beneficial loan rates.