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REGISTERED NUMBER: 04738797











Financial Statements

for the Year Ended 31 December 2023

for

LEADSCALE LABS LIMITED

LEADSCALE LABS LIMITED (REGISTERED NUMBER: 04738797)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LEADSCALE LABS LIMITED

Company Information
for the Year Ended 31 December 2023







DIRECTOR: Mr R J Caller





SECRETARY: Mr E Lee





REGISTERED OFFICE: Unit 1
6 Owen Street
London
EC1V 7JX





REGISTERED NUMBER: 04738797





AUDITORS: Jeff Lermer & Associates
Chartered Accountants
Statutory Auditors
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

LEADSCALE LABS LIMITED (REGISTERED NUMBER: 04738797)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,273 1,196
Tangible assets 5 - -
Investments 6 168,744 138,980
170,017 140,176

CURRENT ASSETS
Stocks 7 334,544 315,832
Debtors 8 392,881 340,505
Cash at bank 132,985 264,685
860,410 921,022
CREDITORS
Amounts falling due within one year 9 1,835,904 1,770,616
NET CURRENT LIABILITIES (975,494 ) (849,594 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(805,477

)

(709,418

)

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (805,478 ) (709,419 )
(805,477 ) (709,418 )

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

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 24 September 2024 and were signed by:





Mr R J Caller - Director


LEADSCALE LABS LIMITED (REGISTERED NUMBER: 04738797)

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

1. STATUTORY INFORMATION

Leadscale Labs Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Patents and licences are being amortised evenly over their estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 7 (2022 - 7 ) .

LEADSCALE LABS LIMITED (REGISTERED NUMBER: 04738797)

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

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 January 2023 3,476
Additions 1,274
At 31 December 2023 4,750
AMORTISATION
At 1 January 2023 2,280
Amortisation for year 1,197
At 31 December 2023 3,477
NET BOOK VALUE
At 31 December 2023 1,273
At 31 December 2022 1,196

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 January 2023
and 31 December 2023 1,144
DEPRECIATION
At 1 January 2023
and 31 December 2023 1,144
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

6. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
31.12.23 31.12.22
£    £   
Fixed asset invest b/fwd 138,980 110,341
Fixed asset invest addition 29,764 28,639
168,744 138,980

7. STOCKS
31.12.23 31.12.22
£    £   
Stocks 334,544 315,832

LEADSCALE LABS LIMITED (REGISTERED NUMBER: 04738797)

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

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 379,526 323,487
Prepayments and accrued income 13,355 17,018
392,881 340,505

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 146,905 115,297
Amounts owed to group undertakings 1,627,599 1,573,129
VAT 6,693 12,800
Accruals and deferred income 54,707 69,390
1,835,904 1,770,616

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Jeffrey Ian Lermer FCA (Senior Statutory Auditor)
for and on behalf of Jeff Lermer & Associates