IRIS Accounts Production v24.2.0.383 03445368 director 1.1.23 31.12.23 31.12.23 false true false false false true false A Ordinary Shares 1.00000 B Ordinary Shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh034453682022-12-31034453682023-12-31034453682023-01-012023-12-31034453682021-12-31034453682022-01-012022-12-31034453682022-12-3103445368ns15:EnglandWales2023-01-012023-12-3103445368ns14:PoundSterling2023-01-012023-12-3103445368ns10:Director12023-01-012023-12-3103445368ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3103445368ns10:SmallEntities2023-01-012023-12-3103445368ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3103445368ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3103445368ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3103445368ns10:AbridgedAccounts2023-01-012023-12-310344536812023-01-012023-12-3103445368ns10:OrdinaryShareClass22023-01-012023-12-3103445368ns10:OrdinaryShareClass32023-01-012023-12-3103445368ns10:CompanySecretary12023-01-012023-12-3103445368ns10:RegisteredOffice2023-01-012023-12-3103445368ns5:CurrentFinancialInstruments2023-12-3103445368ns5:CurrentFinancialInstruments2022-12-3103445368ns5:Non-currentFinancialInstruments2023-12-3103445368ns5:Non-currentFinancialInstruments2022-12-3103445368ns5:ShareCapital2023-12-3103445368ns5:ShareCapital2022-12-3103445368ns5:RetainedEarningsAccumulatedLosses2023-12-3103445368ns5:RetainedEarningsAccumulatedLosses2022-12-3103445368ns5:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3103445368ns5:FurnitureFittings2023-01-012023-12-3103445368ns5:ComputerEquipment2023-01-012023-12-3103445368ns5:Secured2023-12-3103445368ns5:Secured2022-12-3103445368ns10:OrdinaryShareClass22023-12-3103445368ns10:OrdinaryShareClass32023-12-31
REGISTERED NUMBER: 03445368 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

STREETS AHEAD LEEDS LIMITED

STREETS AHEAD LEEDS LIMITED (REGISTERED NUMBER: 03445368)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


STREETS AHEAD LEEDS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: M B Connors BA(Hons) M.B.A





SECRETARY: Mrs L C Connors





REGISTERED OFFICE: 4 The Crescent
Adel
Leeds
West Yorkshire
LS16 6AA





REGISTERED NUMBER: 03445368 (England and Wales)





ACCOUNTANTS: D & J Randles
Chartered Accountants
4 The Crescent
Adel
Leeds
West Yorkshire
LS16 6AA

STREETS AHEAD LEEDS LIMITED (REGISTERED NUMBER: 03445368)

ABRIDGED BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 7,411 -
Tangible assets 5 848 552
8,259 552

CURRENT ASSETS
Debtors 18,212 18,441
Cash at bank and in hand 879 933
19,091 19,374
CREDITORS
Amounts falling due within one year 15,712 9,730
NET CURRENT ASSETS 3,379 9,644
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,638

10,196

CREDITORS
Amounts falling due after more than one
year

2,106

4,741
NET ASSETS 9,532 5,455

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 9,432 5,355
SHAREHOLDERS' FUNDS 9,532 5,455

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

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

The director acknowledges his 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.

STREETS AHEAD LEEDS LIMITED (REGISTERED NUMBER: 03445368)

ABRIDGED BALANCE SHEET - continued
31 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 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 17 September 2024 and were signed by:





M B Connors BA(Hons) M.B.A - Director


STREETS AHEAD LEEDS LIMITED (REGISTERED NUMBER: 03445368)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Streets Ahead Leeds 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.

Although liabilities exceed assets at the balance sheet date, the accounts have been prepared on a going concern basis because in the opinion of the director, the company will have sufficient finance available to enable it to continue trading for the foreseeable future.

Turnover
Turnover represents net invoiced sales of services. The company is not registered for VAT.

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
Computer equipment - 25% on reducing balance

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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 1 (2022 - 1 ) .

STREETS AHEAD LEEDS LIMITED (REGISTERED NUMBER: 03445368)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
Additions 7,870
At 31 December 2023 7,870
AMORTISATION
Amortisation for year 459
At 31 December 2023 459
NET BOOK VALUE

At 31 December 2023 7,411

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023 31,495
Additions 579
At 31 December 2023 32,074
DEPRECIATION
At 1 January 2023 30,943
Charge for year 283
At 31 December 2023 31,226
NET BOOK VALUE
At 31 December 2023 848
At 31 December 2022 552

6. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank loans 1,775 3,775

The company's bank loan is secured by the personal guarantee of Mr M Connors, a director.

STREETS AHEAD LEEDS LIMITED (REGISTERED NUMBER: 03445368)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
54 A Ordinary Shares £1 54 54
46 B Ordinary Shares £1 46 46
100 100

The Ordinary Shares were divided into A Ordinary Shares and B Ordinary Shares by a Special Resolution dated 6th April 2010.
The A Ordinary Shares and B Ordinary Shares rank parri-passu in every respect.

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Bank borrowings are secured by the personal guarantee of the director.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are Mr M B & Mrs L Connors.