IRIS Accounts Production v24.3.2.46 03791677 Board of Directors 1.7.23 30.6.24 30.6.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh037916772023-06-30037916772024-06-30037916772023-07-012024-06-30037916772022-06-30037916772022-07-012023-06-30037916772023-06-3003791677ns15:EnglandWales2023-07-012024-06-3003791677ns14:PoundSterling2023-07-012024-06-3003791677ns10:Director12023-07-012024-06-3003791677ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3003791677ns10:SmallEntities2023-07-012024-06-3003791677ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3003791677ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3003791677ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3003791677ns10:FullAccounts2023-07-012024-06-3003791677ns10:Director22023-07-012024-06-3003791677ns10:RegisteredOffice2023-07-012024-06-3003791677ns5:CurrentFinancialInstruments2024-06-3003791677ns5:CurrentFinancialInstruments2023-06-3003791677ns5:Non-currentFinancialInstruments2024-06-3003791677ns5:Non-currentFinancialInstruments2023-06-3003791677ns5:ShareCapital2024-06-3003791677ns5:ShareCapital2023-06-3003791677ns5:RetainedEarningsAccumulatedLosses2024-06-3003791677ns5:RetainedEarningsAccumulatedLosses2023-06-3003791677ns5:LeaseholdImprovements2023-07-012024-06-3003791677ns5:PlantMachinery2023-07-012024-06-3003791677ns5:FurnitureFittings2023-07-012024-06-3003791677ns5:MotorVehicles2023-07-012024-06-3003791677ns5:ComputerEquipment2023-07-012024-06-3003791677ns5:LeaseholdImprovements2023-06-3003791677ns5:PlantMachinery2023-06-3003791677ns5:FurnitureFittings2023-06-3003791677ns5:LeaseholdImprovements2024-06-3003791677ns5:PlantMachinery2024-06-3003791677ns5:FurnitureFittings2024-06-3003791677ns5:LeaseholdImprovements2023-06-3003791677ns5:PlantMachinery2023-06-3003791677ns5:FurnitureFittings2023-06-3003791677ns5:MotorVehicles2023-06-3003791677ns5:ComputerEquipment2023-06-3003791677ns5:MotorVehicles2024-06-3003791677ns5:ComputerEquipment2024-06-3003791677ns5:MotorVehicles2023-06-3003791677ns5:ComputerEquipment2023-06-3003791677ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-07-012024-06-3003791677ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-06-3003791677ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-3003791677ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-3003791677ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-06-3003791677ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-06-3003791677ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-06-3003791677ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-06-3003791677ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-06-3003791677ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-06-3003791677ns5:Secured2024-06-3003791677ns5:Secured2023-06-30
REGISTERED NUMBER: 03791677 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

LEADING EDGE EXHIBITS LIMITED

LEADING EDGE EXHIBITS LIMITED (REGISTERED NUMBER: 03791677)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LEADING EDGE EXHIBITS LIMITED

Company Information
for the Year Ended 30 June 2024







DIRECTORS: A L Timms
E J Piggott





REGISTERED OFFICE: 67A Willowfield Road
Eastbourne
BN22 8AP





REGISTERED NUMBER: 03791677 (England and Wales)





ACCOUNTANTS: MDJ Services Limited
Unit A6
Chaucer Business Park
Dittons Road
Polegate
East Sussex
BN26 6QH

LEADING EDGE EXHIBITS LIMITED (REGISTERED NUMBER: 03791677)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 287,161 149,114

CURRENT ASSETS
Debtors 5 259,788 316,328
Cash at bank 6 6
259,794 316,334
CREDITORS
Amounts falling due within one year 6 298,446 362,845
NET CURRENT LIABILITIES (38,652 ) (46,511 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

248,509

102,603

CREDITORS
Amounts falling due after more than one
year

7

(185,422

)

(33,854

)

PROVISIONS FOR LIABILITIES (55,558 ) (27,242 )
NET ASSETS 7,529 41,507

CAPITAL AND RESERVES
Called up share capital 7,070 7,070
Retained earnings 459 34,437
SHAREHOLDERS' FUNDS 7,529 41,507

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

LEADING EDGE EXHIBITS LIMITED (REGISTERED NUMBER: 03791677)

Balance Sheet - continued
30 June 2024


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 Board of Directors and authorised for issue on 21 February 2025 and were signed on its behalf by:





A L Timms - Director


LEADING EDGE EXHIBITS LIMITED (REGISTERED NUMBER: 03791677)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Leading Edge Exhibits 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 10% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

LEADING EDGE EXHIBITS LIMITED (REGISTERED NUMBER: 03791677)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 July 2023 19,781 148,515 91,684
Additions - 148 1,156
At 30 June 2024 19,781 148,663 92,840
DEPRECIATION
At 1 July 2023 6,924 76,638 49,177
Charge for year 1,285 10,804 6,549
At 30 June 2024 8,209 87,442 55,726
NET BOOK VALUE
At 30 June 2024 11,572 61,221 37,114
At 30 June 2023 12,857 71,877 42,507

LEADING EDGE EXHIBITS LIMITED (REGISTERED NUMBER: 03791677)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 July 2023 22,503 92,656 375,139
Additions 213,968 498 215,770
At 30 June 2024 236,471 93,154 590,909
DEPRECIATION
At 1 July 2023 20,250 73,036 226,025
Charge for year 54,055 5,030 77,723
At 30 June 2024 74,305 78,066 303,748
NET BOOK VALUE
At 30 June 2024 162,166 15,088 287,161
At 30 June 2023 2,253 19,620 149,114

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 213,968
At 30 June 2024 213,968
DEPRECIATION
Charge for year 53,492
At 30 June 2024 53,492
NET BOOK VALUE
At 30 June 2024 160,476

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 80,491 152,758
Amounts owed by group undertakings 154,273 154,273
Prepayments 25,024 9,297
259,788 316,328

LEADING EDGE EXHIBITS LIMITED (REGISTERED NUMBER: 03791677)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 30,073 14,611
Other loans 8,533 54,953
Hire purchase contracts 23,283 -
Trade creditors 74,492 83,725
Tax 62,346 110,716
Social security and other taxes 1,428 3,298
VAT 23,971 28,067
Other creditors 34,315 47,618
Directors' current accounts 8,957 3,463
Accrued expenses 31,048 16,394
298,446 362,845

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans - 1-2 years 6,250 6,250
Bank loans - 2-5 years 18,750 18,750
Bank loans more 5 yr by instal 2,604 8,854
Hire purchase contracts 157,818 -
185,422 33,854

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 2,604 8,854

8. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Bank loans 33,854 40,104

The bank loan is secured by a fixed charge over the freehold property.