Leader Analytics Limited
Directors: O. Kalechstain
N. Tarlovsky
E. Weiss
Secretary: Taylor Wessing Secretaries Limited
Registered Office: 5 New Street Square
London
EC4A 3TW
Registered No: 11474001 (England & Wales)
Annual report and financial statements
For the year ended 31 December 2023
page
Statement of financial position 1
Notes to the financial statements 2-4
Leader Analytics Limited
Statement of Financial Positon As At 31 December 2023
31.12.2023 31.12.2022
Notes £ £ £
Fixed assets 4 2,500 2,163
Creditors: amounts falling within 5 (66,464) (2,983)
one year
Total current liabilities (66,464) (2,983)
Creditors: amounts falling due after 6 0 (68,343)
more than one year
Total liabilities less assets £ (63,964) £ (69,163)
Capital and deficit
£ £
Called up share capital 8 1 1
Capital fund - 12,073
Profit and loss account (63,695) (81,237)
Shareholders' reserves £ (63,694) £ (69,163)
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.
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:
E. Weiss
Director
Conpany number: 11474001 12 June 2024
Leader Analytics Limited
Notes to the financial statements - 31 December 2023
Accounting policies
1 STATUTORY INFORMATION
Company Information
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.
2. ACCOUNTING POLICIES
2.1 Basis of accounting
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.
The financial statements are presented in sterling (£).
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.
2.2 Financial instruments
The company has chosen to adapt the sections 11 & 12 of FRS 102 in respect of financial instruments:
(i) Financial liabilities
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.
2.3 Going Concern
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.
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.
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.
2.4 Fixed assets
Depreciation is provided at the following annual rates in order to write off the assets over their estimated useful lives:
Computer equipment 3 years straight line
Leader Analytics Limited
Notes to the financial statements - 31 December 2023
2. ACCOUNTING POLICIES (continued)
2.5 Creditors
Basic financial liabilities including trade and other payable are measured at transaction price.
Long term loan advanced by group companies is measured at present value, discounted at a market rate of interest.
2.6 Current & deferred taxation
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.
Provision for deferred taxation is set off against debit balance of deferred taxation.
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.
3. Employees 31.12.2023 31.12.2022
The average number of employees during the year 2 1
4. Fixed assets
Computers Total
£ £
Cost:
At 1 January 2023 2,225 2,225
Additions 1,339 1,339
At 31 December 2023 3,564 3,564
Depreciation:
At 1 January 2023 62 62
Charge for the year 1,002 1,002
At 31 December 2023 1,064 1,064
Net book value:
At 31 December 2023 2,500 2,500
At 31 December 2022 2,163 2,163
Leader Analytics Limited
Notes to the financial statements - 31 December 2023
5. Creditors: amounts falling due after more
within one year 31.12.2023 31.12.2022
£ £
Parent company 64,064 0
Accruals 2,400 2,983
66,464 2,983
6. Creditors: amounts falling due after more
than one year
31.12.2023 31.12.2022
£ £
Parent company 0 68,343
7. Share capital
31.12.2023 31.12.2022
£ £
Allotted, called up and fully paid:
1,000 Ordinary shares of £0.001 each 1 1
8. Related party transactions
Control:
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.
Matics Manufacturing Analytics Ltd is the smallest and largest group to prepare consolidated accounts that can be obtained from its registered office.
Transaction:
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.
9. Commitment:
The company does not have any financial commitment as at 31 December 2023.
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