Leader Analytics Limited |
Statement of Financial Positon As At 31 December 2023 |
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31.12.2023 |
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31.12.2022 |
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Notes |
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£ |
£ |
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£ |
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Fixed assets |
4 |
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2,500 |
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2,163 |
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Creditors: amounts falling within |
5 |
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(66,464) |
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(2,983) |
one year |
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Total current liabilities |
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(66,464) |
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(2,983) |
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Creditors: amounts falling due after |
6 |
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0 |
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(68,343) |
more than one year |
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Total liabilities less assets |
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£ (63,964) |
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£ (69,163) |
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Capital and deficit |
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£ |
£ |
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Called up share capital |
8 |
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1 |
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1 |
Capital fund |
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- |
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12,073 |
Profit and loss account |
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(63,695) |
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(81,237) |
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Shareholders' reserves |
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£ (63,694) |
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£ (69,163) |
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For the year ended 31 December 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
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For the year ending 31 December 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
The members have not required the company to obtain an audit in accordance with Section 476 of the Companies Act 2006. |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts. |
The financial statements have been prepared in accordance with special provision of Part 15 of the Companies Act 2006 relating to small companies and with the provisions of FRS 102 Section 1A Small Entities. |
The notes on pages 2 to 4 form an integral part of these financial statements. |
The financial statements on pages 1 to 4 were approved by the Board of Directors and were signed on its behalf by: |
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E. Weiss |
Director |
Conpany number: 11474001 |
12 June 2024 |
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Leader Analytics Limited |
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Notes to the financial statements - 31 December 2023 |
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Accounting policies |
1 |
STATUTORY INFORMATION |
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Company Information |
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Leader Analytics Limited is a private limited company incorporated and domiciled in England & Wales. The address of its registered office is 5 New Street Square, London, EC4A 3TW. |
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2. |
ACCOUNTING POLICIES |
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2.1 |
Basis of accounting |
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The financial statements have been prepared on a going concern basis, under historical cost convention and in accordance with the provisions of FRS 102 Sedction 1A small entities and the Companies Act 2006. |
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The financial statements are presented in sterling (£). |
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The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. |
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2.2 |
Financial instruments |
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The company has chosen to adapt the sections 11 & 12 of FRS 102 in respect of financial instruments: |
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(i) Financial liabilities |
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Basic financial liabilities including trade, other payable and interest free long term loan advanced by the parent company are initially recognised at transaction price unless arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future receipts discounted at a market value of interest debt instruments are subsequently carried at amortised costs using the effective interest rate method. |
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2.3 |
Going Concern |
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The company is profitable and will continue to be profitable in the future as it is acting as a sales agent for its parent company that is entitled to a fixed operating profit. |
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The parent company guarantees that if required, it will provide the necessary financial support to assist the company with its cash flow. This guarantee is for a period of at least 12 months. |
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On the basis of the above , the directors are of the view that the company will have sufficient funds to meet its cash flow requirements in the next 12 months and therefore consider it appropriate to prepare the financial statement on a going concern basis. |
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2.4 |
Fixed assets |
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Depreciation is provided at the following annual rates in order to write off the assets over their estimated useful lives: |
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Computer equipment |
3 years straight line |
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Leader Analytics Limited |
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Notes to the financial statements - 31 December 2023 |
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2. |
ACCOUNTING POLICIES (continued) |
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2.5 |
Creditors |
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Basic financial liabilities including trade and other payable are measured at transaction price. |
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Long term loan advanced by group companies is measured at present value, discounted at a market rate of interest. |
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2.6 |
Current & deferred taxation |
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Deferred taxation is provided using the liability method to take into account timing from the inclusion of items of expenditure in taxation computations in periods that differ from those differences arising in which they are included in the financial statements to the extent that it is probably that an or assets will crystallize in the future. |
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Provision for deferred taxation is set off against debit balance of deferred taxation. |
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The current income tax charged is calculated on the basis of the tax rate and laws that have been enacted or substantially enacted by the reporting date in the countries where the company operated and generates income. |
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3. |
Employees |
31.12.2023 |
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31.12.2022 |
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The average number of employees during the year |
2 |
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1 |
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4. |
Fixed assets |
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Computers |
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Total |
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£ |
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£ |
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Cost: |
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At 1 January 2023 |
2,225 |
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2,225 |
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Additions |
1,339 |
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1,339 |
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At 31 December 2023 |
3,564 |
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3,564 |
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Depreciation: |
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At 1 January 2023 |
62 |
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62 |
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Charge for the year |
1,002 |
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1,002 |
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At 31 December 2023 |
1,064 |
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1,064 |
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Net book value: |
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At 31 December 2023 |
2,500 |
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2,500 |
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At 31 December 2022 |
2,163 |
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2,163 |
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Leader Analytics Limited |
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Notes to the financial statements - 31 December 2023 |
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5. |
Creditors: amounts falling due after more |
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within one year |
31.12.2023 |
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31.12.2022 |
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£ |
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£ |
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Parent company |
64,064 |
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0 |
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Accruals |
2,400 |
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2,983 |
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66,464 |
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2,983 |
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6. |
Creditors: amounts falling due after more |
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than one year |
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31.12.2023 |
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31.12.2022 |
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£ |
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£ |
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Parent company |
0 |
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68,343 |
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7. |
Share capital |
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31.12.2023 |
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31.12.2022 |
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£ |
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£ |
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Allotted, called up and fully paid: |
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1,000 Ordinary shares of £0.001 each |
1 |
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1 |
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8. |
Related party transactions |
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Control: |
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The immediate and ultimate parent company is Matics Manufacturing Analytics Ltd, a company incorporated in Israel whose address is: Andrei Sakharov St 9, Haifa, Israel. |
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Matics Manufacturing Analytics Ltd is the smallest and largest group to prepare consolidated accounts that can be obtained from its registered office. |
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Transaction: |
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The company is exempt from disclosing transactions with related parties that are wholly owned within the same group in accordance with FRS 102 Section 33(1)A. |
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9. |
Commitment: |
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The company does not have any financial commitment as at 31 December 2023. |