Company Registration No. 10940183 (England and Wales)
LEAP OF FAITH CREATIVES LTD
Unaudited cessation accounts
for the year ended 31 March 2024
LEAP OF FAITH CREATIVES LTD
Unaudited cessation accounts
Contents
LEAP OF FAITH CREATIVES LTD
Company Information
for the year ended 31 March 2024
Company Number
10940183 (England and Wales)
Registered Office
SUITE 153 MILTON KEYNES BUSINESS CENTRE
FOXHUNTER DRIVE, LINFORD WOOD
MILTON KEYNES
BUCKINGHAMSHIRE
MK14 6GD
ENGLAND
Accountants
Arth Limited
655 Milton Keynes Business Centre
Foxhunter Drive
Milton Keynes
Buckinghamshire
MK14 6GD
LEAP OF FAITH CREATIVES LTD
Statement of financial position
as at 31 March 2024
Cash at bank and in hand
16,589
17,810
Creditors: amounts falling due within one year
(164,721)
(174,032)
Net current liabilities
(148,106)
(138,642)
Total assets less current liabilities
(148,106)
(135,138)
Creditors: amounts falling due after more than one year
-
(382,940)
Net liabilities
(148,106)
(518,078)
Called up share capital
1
120
Share premium
17,513
17,513
Profit and loss account
(165,620)
(535,711)
Shareholders' funds
(148,106)
(518,078)
For the year ending 31 March 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 January 2024 and were signed on its behalf by
Hanna Fiedler
Director
Company Registration No. 10940183
LEAP OF FAITH CREATIVES LTD
Notes to the Accounts
for the year ended 31 March 2024
LEAP OF FAITH CREATIVES LTD is a private company, limited by shares, registered in England and Wales, registration number 10940183. The registered office is SUITE 153 MILTON KEYNES BUSINESS CENTRE, FOXHUNTER DRIVE, LINFORD WOOD, MILTON KEYNES, BUCKINGHAMSHIRE, MK14 6GD, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on cost
Computer equipment
25% on cost
The financial statements have been prepared on a break-up basis, as the business has ceased to trade.
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2023
10,044
2,913
12,957
Disposals
(10,044)
(2,913)
(12,957)
At 1 April 2023
7,321
2,132
9,453
On disposals
(7,321)
(2,132)
(9,453)
At 31 March 2023
2,723
781
3,504
LEAP OF FAITH CREATIVES LTD
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
Accrued income and prepayments
-
309
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
2,024
9,629
Loans from directors
162,697
164,403
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 0 (2023: 1).