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COMPANY REGISTRATION NUMBER: 08929548
LEEDS RENTALS LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
22 March 2024
LEEDS RENTALS LIMITED
FINANCIAL STATEMENTS
PERIOD ENDED 22 MARCH 2024
CONTENTS
PAGES
Statement of financial position
1 to 2
Notes to the financial statements
3 to 5
LEEDS RENTALS LIMITED
STATEMENT OF FINANCIAL POSITION
22 March 2024
2024
2023
Note
£
£
£
£
FIXED ASSETS
Tangible assets
5
33,431
37,638
CURRENT ASSETS
Debtors
6
1,536,075
1,500,287
Cash at bank and in hand
330,463
381,628
------------
------------
1,866,538
1,881,915
CREDITORS: amounts falling due within one year
7
( 1,331,945)
( 1,456,115)
------------
------------
NET CURRENT ASSETS
534,593
425,800
---------
---------
TOTAL ASSETS LESS CURRENT LIABILITIES
568,024
463,438
CREDITORS: amounts falling due after more than one year
8
( 19,582)
( 23,170)
PROVISIONS
Taxation including deferred tax
( 7,551)
( 6,695)
---------
---------
NET ASSETS
540,891
433,573
---------
---------
CAPITAL AND RESERVES
Called up share capital
100
100
Profit and loss account
540,791
433,473
---------
---------
SHAREHOLDER FUNDS
540,891
433,573
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the period ending 22 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 member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
LEEDS RENTALS LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
22 March 2024
These financial statements were approved by the board of directors and authorised for issue on 19 March 2025 , and are signed on behalf of the board by:
H S Manton
Director
Company registration number: 08929548
LEEDS RENTALS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
PERIOD ENDED 22 MARCH 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 28 Headingley Lane, Leeds, LS6 2AS.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover comprises revenue recognised by the company in respect of services supplied during the year, exclusive of Value Added Tax.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation to date.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
15% reducing balance
Motor vehicles
-
25% reducing balance
Computer equipment
-
25% reducing balance
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at transaction price and thereafter at fair value with changes recognised in profit and loss. The company holds the following financial assets and liabilities: Cash, Short-term trade and other debtors, and creditors. Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account before operating profit.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the period amounted to 3 (2023: 3 ).
5. TANGIBLE ASSETS
Fixtures and fittings
Motor vehicles
Computer equipment
Total
£
£
£
£
Cost
At 24 March 2023
47,649
9,600
22,506
79,755
Additions
1,270
2,349
3,619
--------
-------
--------
--------
At 22 March 2024
48,919
9,600
24,855
83,374
--------
-------
--------
--------
Depreciation
At 24 March 2023
24,036
8,319
9,762
42,117
Charge for the period
3,732
320
3,774
7,826
--------
-------
--------
--------
At 22 March 2024
27,768
8,639
13,536
49,943
--------
-------
--------
--------
Carrying amount
At 22 March 2024
21,151
961
11,319
33,431
--------
-------
--------
--------
At 23 March 2023
23,613
1,281
12,744
37,638
--------
-------
--------
--------
6. DEBTORS
2024
2023
£
£
Other debtors
1,536,075
1,500,287
------------
------------
7. CREDITORS: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
4,400
4,700
Trade creditors
680,228
627,807
Corporation tax
50,708
26,919
Social security and other taxes
59,753
41,816
Other creditors
59,832
194,533
Other creditors
477,024
560,340
------------
------------
1,331,945
1,456,115
------------
------------
8. CREDITORS: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
19,582
23,170
--------
--------