Company Registration No. 12449300 (England and Wales)
Data Leaders Ltd
Unaudited accounts
for the year ended 31 December 2023
Data Leaders Ltd
Unaudited accounts
Contents
Data Leaders Ltd
Company Information
for the year ended 31 December 2023
Directors
Richard Pope
Louise Clement
Pascal Clement
Company Number
12449300 (England and Wales)
Registered Office
7 Bell Yard
London
WC2A 2JR
ENGLAND
Accountants
Warwick McArdle
55 Ellerton Road
London
SW18 3NQ
Data Leaders Ltd
Statement of financial position
as at 31 December 2023
Intangible assets
316,063
198,650
Cash at bank and in hand
40,491
161,145
Creditors: amounts falling due within one year
(364,495)
(433,667)
Net current liabilities
(174,891)
(68,107)
Total assets less current liabilities
141,842
133,530
Creditors: amounts falling due after more than one year
(320,408)
(320,408)
Provisions for liabilities
Net liabilities
(178,693)
(187,445)
Called up share capital
1,095
1,095
Share premium
499,885
499,885
Profit and loss account
(679,673)
(688,425)
Shareholders' funds
(178,693)
(187,445)
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 the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2024 and were signed on its behalf by
Richard Pope
Director
Company Registration No. 12449300
Data Leaders Ltd
Notes to the Accounts
for the year ended 31 December 2023
Data Leaders Ltd is a private company, limited by shares, registered in England and Wales, registration number 12449300. The registered office is 7 Bell Yard, London, WC2A 2JR, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts are presented in sterling.
The accounts have been prepared under the historical cost convention.
Turnover is recognised to the extent that economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured at the fair value of the consideration received or receivable net of discounts and VAT. Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: the amount of turnover can be measured reliably; it is probable that the company will receive the consideration due under the contract and the stage of completion of the contract at the end of the reporting period can be measured reliably. As the Company invoices in advance of the service being provided, this has resulted in deferred income at the balance sheet date.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Purchased goodwill and patents are amortised over 10 years on a straight line basis.
It is company policy to capitalise development costs provided they meet the recognition of an intangible asset under FRS102. Development costs, relating to content creation and web development costs, which met the criteria under FRS102 were capitalised at the end of the year and amortised over their 4 year expected life.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
3 years straight line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Data Leaders Ltd
Notes to the Accounts
for the year ended 31 December 2023
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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Intangible fixed assets
Goodwill
Other
Total
At 1 January 2023
60,000
166,108
226,108
Additions
-
164,941
164,941
At 31 December 2023
60,000
331,049
391,049
At 1 January 2023
18,000
9,458
27,458
Charge for the year
5,532
41,996
47,528
At 31 December 2023
23,532
51,454
74,986
At 31 December 2023
36,468
279,595
316,063
At 31 December 2022
42,000
156,650
198,650
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Tangible fixed assets
Computer equipment
Data Leaders Ltd
Notes to the Accounts
for the year ended 31 December 2023
Amounts falling due within one year
Trade debtors
101,885
177,351
Accrued income and prepayments
43,273
16,904
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Creditors: amounts falling due within one year
2023
2022
Trade creditors
14,319
2,315
Taxes and social security
10,925
32,864
Other creditors
2,345
2,201
Deferred income
331,131
351,204
8
Creditors: amounts falling due after more than one year
2023
2022
Loans from directors
320,408
320,408
From 2021, director's loans are considered repayable within 2 to 5 years.
9
Deferred taxation
2023
2022
Accelerated capital allowances
127
567
Provision at start of year
567
593
Credited to the profit and loss account
(440)
(26)
Provision at end of year
127
567
Allotted, called up and fully paid:
10,950 Ordinary shares of £0.10 each
1,095
1,095
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Average number of employees
During the year the average number of employees was 8 (2022: 11).