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REGISTERED NUMBER: 05387699 (England and Wales)







Financial Statements for the Year Ended 31st December 2023

for

Leasingworld Limited

Leasingworld Limited (Registered number: 05387699)






Contents of the Financial Statements
for the Year Ended 31st December 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Leasingworld Limited

Company Information
for the Year Ended 31st December 2023







DIRECTORS: J R Szmigin
Professor I T D Szmigin





REGISTERED OFFICE: Thorneloe House
25 Barbourne Road
Worcester
WR1 1RU





REGISTERED NUMBER: 05387699 (England and Wales)





ACCOUNTANTS: The Richards Sandy Partnership
Thorneloe House
25 Barbourne Road
Worcester
Worcestershire
WR1 1RU

Leasingworld Limited (Registered number: 05387699)

Abridged Balance Sheet
31st December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 13,915 11,645
13,915 11,645

CURRENT ASSETS
Debtors 6,847 19,365
Cash at bank 28,542 24,229
35,389 43,594
CREDITORS
Amounts falling due within one year 24,592 31,199
NET CURRENT ASSETS 10,797 12,395
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,712

24,040

CREDITORS
Amounts falling due after more than one
year

-

(28,292

)

PROVISIONS FOR LIABILITIES (2,523 ) -
NET ASSETS/(LIABILITIES) 22,189 (4,252 )

CAPITAL AND RESERVES
Called up share capital 74,074 74,074
Retained earnings (51,885 ) (78,326 )
SHAREHOLDERS' FUNDS 22,189 (4,252 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Leasingworld Limited (Registered number: 05387699)

Abridged Balance Sheet - continued
31st December 2023


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 31st July 2024 and were signed on its behalf by:





J R Szmigin - Director


Leasingworld Limited (Registered number: 05387699)

Notes to the Financial Statements
for the Year Ended 31st December 2023

1. STATUTORY INFORMATION

Leasingworld Limited 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.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st January 2023
and 31st December 2023 50,000
AMORTISATION
At 1st January 2023
and 31st December 2023 50,000
NET BOOK VALUE

At 31st December 2023 -
At 31st December 2022 -

Leasingworld Limited (Registered number: 05387699)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2023

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st January 2023 36,200
Additions 5,369
Disposals (1,708 )
At 31st December 2023 39,861
DEPRECIATION
At 1st January 2023 24,555
Charge for year 2,872
Eliminated on disposal (1,481 )
At 31st December 2023 25,946
NET BOOK VALUE
At 31st December 2023 13,915
At 31st December 2022 11,645

6. GOING CONCERN

As at 31 December 2023 the Balance Sheet was overdrawn. The Director has agreed to support the company therefore these accounts have been drawn up on a going concern basis.