2023-06-012024-05-312024-05-31false10165475LEDA TRANSPORT SOLUTIONS 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LEDA TRANSPORT SOLUTIONS LTD

Registered Number
10165475
(England and Wales)

Unaudited Financial Statements for the Year ended
31 May 2024

LEDA TRANSPORT SOLUTIONS LTD
Company Information
for the year from 1 June 2023 to 31 May 2024

Directors

CORNELL, Robert Kenneth
MACWHIRTER, John Stuart

Registered Address

Ground Floor
7 Silverton Court
Cramlington
NE23 7RY

Registered Number

10165475 (England and Wales)
LEDA TRANSPORT SOLUTIONS LTD
Balance Sheet as at
31 May 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets34,0905,349
4,0905,349
Current assets
Debtors4557,596338,219
Cash at bank and on hand153,167105,531
710,763443,750
Creditors amounts falling due within one year5(460,600)(282,855)
Net current assets (liabilities)250,163160,895
Total assets less current liabilities254,253166,244
Net assets254,253166,244
Capital and reserves
Called up share capital100100
Profit and loss account254,153166,144
Shareholders' funds254,253166,244
The financial statements were approved and authorised for issue by the Board of Directors on 4 February 2025, and are signed on its behalf by:
MACWHIRTER, John Stuart
Director
Registered Company No. 10165475
LEDA TRANSPORT SOLUTIONS LTD
Notes to the Financial Statements
for the year ended 31 May 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover policy
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.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Fixtures and fittings5
Office Equipment5
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2.Average number of employees

20242023
Average number of employees during the year45
3.Tangible fixed assets

Fixtures & fittings

Office Equipment

Total

£££
Cost or valuation
At 01 June 2329612,55512,851
Additions-1,6271,627
At 31 May 2429614,18214,478
Depreciation and impairment
At 01 June 232467,2567,502
Charge for year-2,8862,886
At 31 May 2424610,14210,388
Net book value
At 31 May 24504,0404,090
At 31 May 23505,2995,349
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables557,596338,219
Total557,596338,219
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables375,811272,321
Taxation and social security81,9547,834
Accrued liabilities and deferred income2,8352,700
Total460,600282,855