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Registered number: 08915087
Leora Concept Ltd
Unaudited Financial Statements
For The Year Ended 26 February 2024
Griff Consulting Ltd
Hova House
1 Hova Villas
Brighton & Hove
BN3 3DH
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 08915087
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 138,900 138,900
Tangible Assets 5 (1 ) (1 )
138,899 138,899
CURRENT ASSETS
Debtors 6 42 42
Cash at bank and in hand 533 2,299
575 2,341
Creditors: Amounts Falling Due Within One Year 7 (15,393 ) (15,503 )
NET CURRENT ASSETS (LIABILITIES) (14,818 ) (13,162 )
TOTAL ASSETS LESS CURRENT LIABILITIES 124,081 125,737
NET ASSETS 124,081 125,737
CAPITAL AND RESERVES
Called up share capital 8 138,900 138,900
Profit and Loss Account (14,819 ) (13,163 )
SHAREHOLDERS' FUNDS 124,081 125,737
Page 1
Page 2
For the year ending 26 February 2024 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Zoltan Kormendi
Director
Ms Rita Molnar
Director
25/11/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Leora Concept Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08915087 . The registered office is Hova House, 1 Hova Villas, Brighton & Hove, BN3 3DH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are .... It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment Depreciated in 3 years straight line
2.5. Foreign Currencies
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 rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Intangible Assets
Other
£
Cost
As at 27 February 2023 138,900
As at 26 February 2024 138,900
Net Book Value
As at 26 February 2024 138,900
As at 27 February 2023 138,900
Page 3
Page 4
5. Tangible Assets
Computer Equipment
£
Cost
As at 27 February 2023 177
As at 26 February 2024 177
Depreciation
As at 27 February 2023 178
As at 26 February 2024 178
Net Book Value
As at 26 February 2024 (1 )
As at 27 February 2023 (1 )
6. Debtors
2024 2023
£ £
Due within one year
Other taxes and social security 42 42
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 144 73
VAT 418 598
Directors' loan accounts 14,831 14,832
15,393 15,503
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 138,900 138,900
Page 4