Leadbaloon Limited 07802286 false 2022-11-01 2024-03-31 2024-03-31 The principal activity of the company is Computer and IT Consultancy Digita Accounts Production Advanced 6.30.9574.0 true true 07802286 2022-11-01 2024-03-31 07802286 2024-03-31 07802286 core:CurrentFinancialInstruments 2024-03-31 07802286 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 07802286 core:Non-currentFinancialInstruments 2024-03-31 07802286 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 07802286 bus:SmallEntities 2022-11-01 2024-03-31 07802286 bus:AuditExemptWithAccountantsReport 2022-11-01 2024-03-31 07802286 bus:FilletedAccounts 2022-11-01 2024-03-31 07802286 bus:SmallCompaniesRegimeForAccounts 2022-11-01 2024-03-31 07802286 bus:RegisteredOffice 2022-11-01 2024-03-31 07802286 bus:Director1 2022-11-01 2024-03-31 07802286 bus:PrivateLimitedCompanyLtd 2022-11-01 2024-03-31 07802286 countries:Wales 2022-11-01 2024-03-31 07802286 2021-11-01 2022-10-31 07802286 2022-10-31 07802286 core:CurrentFinancialInstruments 2022-10-31 07802286 core:CurrentFinancialInstruments core:WithinOneYear 2022-10-31 07802286 core:Non-currentFinancialInstruments 2022-10-31 07802286 core:Non-currentFinancialInstruments core:AfterOneYear 2022-10-31 iso4217:GBP xbrli:pure

Registration number: 07802286

Leadbaloon Limited

Annual Report and Unaudited Financial Statements

for the Period from 1 November 2022 to 31 March 2024

 

Leadbaloon Limited

(Registration number: 07802286)
Balance Sheet as at 31 March 2024

Note

2024
£

2022
£

Current assets

 

Debtors

4

7,628

25,080

Cash at bank and in hand

 

13,357

24,397

 

20,985

49,477

Creditors: Amounts falling due within one year

5

(14,749)

(30,448)

Total assets less current liabilities

 

6,236

19,029

Creditors: Amounts falling due after more than one year

5

(6,115)

(13,375)

Net assets

 

121

5,654

Capital and reserves

 

Called up share capital

100

100

Retained earnings

21

5,554

Shareholders' funds

 

121

5,654

For the financial period ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

 

Leadbaloon Limited

(Registration number: 07802286)
Balance Sheet as at 31 March 2024
(continued)

Approved and authorised by the director on 15 September 2024
 

.........................................
Mrs Amanda Jane Williams
Director

 

Leadbaloon Limited

Notes to the Unaudited Financial Statements for the Period from 1 November 2022 to 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in Wales.

The address of its registered office is:
9 Cae Ffynnon
Penybryn
Hengoed
Mid Glam
CF82 7GR

The principal place of business is:
9 Cae Ffynnon
Penybryn
Hengoed
Mid Glam
CF82 7GR

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

 

Leadbaloon Limited

Notes to the Unaudited Financial Statements for the Period from 1 November 2022 to 31 March 2024
(continued)

2

Accounting policies (continued)

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Leadbaloon Limited

Notes to the Unaudited Financial Statements for the Period from 1 November 2022 to 31 March 2024
(continued)

2

Accounting policies (continued)

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 2 (2022 - 2).

4

Debtors

Current

2024
£

2022
£

Trade debtors

-

25,080

Other debtors

7,628

-

 

7,628

25,080

 

Leadbaloon Limited

Notes to the Unaudited Financial Statements for the Period from 1 November 2022 to 31 March 2024
(continued)

5

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2022
£

Due within one year

 

Loans and borrowings

6

5,176

5,000

Trade creditors

 

636

-

Taxation and social security

 

6,198

23,010

Accruals and deferred income

 

1,917

1,429

Other creditors

 

822

1,009

 

14,749

30,448

Creditors: amounts falling due after more than one year

Note

2024
£

2022
£

Due after one year

 

Loans and borrowings

6

6,115

13,375

6

Loans and borrowings

Non-current loans and borrowings

2024
£

2022
£

Bank borrowings

6,115

13,375

Current loans and borrowings

 

Leadbaloon Limited

Notes to the Unaudited Financial Statements for the Period from 1 November 2022 to 31 March 2024
(continued)

6

Loans and borrowings (continued)

2024
£

2022
£

Bank borrowings

5,176

5,000