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REGISTERED NUMBER: 05443168











Financial Statements

for the Year Ended 31 December 2023

for

LEADSCALE ENGINE LIMITED

LEADSCALE ENGINE LIMITED (REGISTERED NUMBER: 05443168)






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 ENGINE 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: 05443168





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

LEADSCALE ENGINE LIMITED (REGISTERED NUMBER: 05443168)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,083 2,001
Tangible assets 5 - 5,415
2,083 7,416

CURRENT ASSETS
Debtors 6 888,255 1,059,671
Cash at bank 198,842 613,561
1,087,097 1,673,232
CREDITORS
Amounts falling due within one year 7 409,727 700,145
NET CURRENT ASSETS 677,370 973,087
TOTAL ASSETS LESS CURRENT
LIABILITIES

679,453

980,503

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 679,452 980,502
679,453 980,503

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 ENGINE LIMITED (REGISTERED NUMBER: 05443168)

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

1. STATUTORY INFORMATION

Leadscale Engine 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.

Domain names 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

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 13 (2022 - 15 ) .

LEADSCALE ENGINE LIMITED (REGISTERED NUMBER: 05443168)

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023 7,649
Additions 1,232
At 31 December 2023 8,881
AMORTISATION
At 1 January 2023 5,648
Charge for year 1,150
At 31 December 2023 6,798
NET BOOK VALUE
At 31 December 2023 2,083
At 31 December 2022 2,001

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 January 2023
and 31 December 2023 32,278
DEPRECIATION
At 1 January 2023 26,863
Charge for year 5,415
At 31 December 2023 32,278
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 5,415

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 371,541 305,900
Amounts owed by group undertakings 430,776 687,368
Other debtors 5,500 3,500
VAT 39,176 -
Prepayments and accrued income 41,262 62,903
888,255 1,059,671

LEADSCALE ENGINE LIMITED (REGISTERED NUMBER: 05443168)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 177,336 98,475
Tax - 74,513
VAT - 38,665
Accruals and deferred income 232,391 488,492
409,727 700,145

8. 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