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REGISTERED NUMBER: 12791079 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31st August 2023

for

Leader Recruitment Group Limited

Leader Recruitment Group Limited (Registered number: 12791079)






Contents of the Financial Statements
for the Year Ended 31st August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Leader Recruitment Group Limited

Company Information
for the Year Ended 31st August 2023







DIRECTOR: M Patel





REGISTERED OFFICE: Permanent House
1 Dundas Street
Huddersfield
HD1 2EX





REGISTERED NUMBER: 12791079 (England and Wales)

Leader Recruitment Group Limited (Registered number: 12791079)

Balance Sheet
31st August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,482 3,776
Investments 5 80,000 80,000
85,482 83,776

CURRENT ASSETS
Stocks 24,000 -
Debtors 6 528,456 317,369
Cash at bank 12,100 41,523
564,556 358,892
CREDITORS
Amounts falling due within one year 7 740,422 479,610
NET CURRENT LIABILITIES (175,866 ) (120,718 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(90,384

)

(36,942

)

CAPITAL AND RESERVES
Called up share capital 8 10 10
Retained earnings (90,394 ) (36,952 )
SHAREHOLDERS' FUNDS (90,384 ) (36,942 )

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2023.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31st August 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the Company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the Company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the Company.

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 22nd November 2024 and were signed by:



M Patel - Director


Leader Recruitment Group Limited (Registered number: 12791079)

Notes to the Financial Statements
for the Year Ended 31st August 2023

1. STATUTORY INFORMATION

Leader Recruitment Group Limited is a private company, limited by shares , registered in England and Wales. 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.

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 - 25% on Reducing Balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are recognised at amortised cost with changes recognised in the income statement.

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.


Leader Recruitment Group Limited (Registered number: 12791079)

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

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Fixed asset investments
Equity instruments are measured at fair value through profit and loss except where those equity investments are not publicly traded and whose fair values cannot otherwise be measured reliably, which are recognised at cost less impairment until a reliable measure of fair value becomes available.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st September 2022 5,159
Additions 3,318
At 31st August 2023 8,477
DEPRECIATION
At 1st September 2022 1,383
Charge for year 1,612
At 31st August 2023 2,995
NET BOOK VALUE
At 31st August 2023 5,482
At 31st August 2022 3,776

Leader Recruitment Group Limited (Registered number: 12791079)

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

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1st September 2022
and 31st August 2023 80,000
NET BOOK VALUE
At 31st August 2023 80,000
At 31st August 2022 80,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 303,660 267,695
Other debtors 224,796 49,674
528,456 317,369

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade creditors 68,209 21,885
Taxation and social security 301,410 135,383
Other creditors 370,803 322,342
740,422 479,610

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.23 31.8.22
value: £    £   
10 Ordinary £1 10 10