Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-30false2023-07-01No description of principal activity11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10824444 2023-07-01 2024-06-30 10824444 2022-07-01 2023-06-30 10824444 2024-06-30 10824444 2023-06-30 10824444 c:Director1 2023-07-01 2024-06-30 10824444 d:FurnitureFittings 2023-07-01 2024-06-30 10824444 d:FurnitureFittings 2024-06-30 10824444 d:FurnitureFittings 2023-06-30 10824444 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 10824444 d:ComputerEquipment 2023-07-01 2024-06-30 10824444 d:ComputerEquipment 2024-06-30 10824444 d:ComputerEquipment 2023-06-30 10824444 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 10824444 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 10824444 d:CurrentFinancialInstruments 2024-06-30 10824444 d:CurrentFinancialInstruments 2023-06-30 10824444 d:Non-currentFinancialInstruments 2024-06-30 10824444 d:Non-currentFinancialInstruments 2023-06-30 10824444 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 10824444 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 10824444 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 10824444 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 10824444 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-06-30 10824444 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-06-30 10824444 d:ShareCapital 2024-06-30 10824444 d:ShareCapital 2023-06-30 10824444 d:RetainedEarningsAccumulatedLosses 2024-06-30 10824444 d:RetainedEarningsAccumulatedLosses 2023-06-30 10824444 d:AcceleratedTaxDepreciationDeferredTax 2024-06-30 10824444 d:AcceleratedTaxDepreciationDeferredTax 2023-06-30 10824444 c:FRS102 2023-07-01 2024-06-30 10824444 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 10824444 c:FullAccounts 2023-07-01 2024-06-30 10824444 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 10824444 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 10824444









LEADERSHIP FOCUS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
LEADERSHIP FOCUS LIMITED
REGISTERED NUMBER: 10824444

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
19,595
25,526

Investments
 5 
50,000
50,000

  
69,595
75,526

Current assets
  

Debtors: amounts falling due within one year
 6 
33,109
17,739

Cash at bank and in hand
 7 
1,485
7,988

  
34,594
25,727

Creditors: amounts falling due within one year
 8 
(242,646)
(171,524)

Net current liabilities
  
 
 
(208,052)
 
 
(145,797)

Total assets less current liabilities
  
(138,457)
(70,271)

Creditors: amounts falling due after more than one year
 9 
(22,262)
(31,962)

Provisions for liabilities
  

Deferred tax
  
-
(5,232)

  
 
 
-
 
 
(5,232)

Net liabilities
  
(160,719)
(107,465)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(160,819)
(107,565)

  
(160,719)
(107,465)


Page 1

 
LEADERSHIP FOCUS LIMITED
REGISTERED NUMBER: 10824444
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 28 March 2025.




A Taub
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
LEADERSHIP FOCUS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Leadership Focus Limited is a private company limited by shares. The company is incorporated in England and Wales and its registered office is 22-2 Portman Close, Room S3, London, England, W1H 6BS. The registered number is 10824444.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The company had net liabilities of £160,719 (2023: £107,465) at the balance sheet date. The financial statements have been prepared on a going concern basis as the shareholders have indicated their willingness and abilities to support the company for at least 12 months from the date of approval of the financial statements to enable the company to meet its debts as they fall due.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
LEADERSHIP FOCUS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
20%
reducing balance
Computer equipment
-
33%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 4

 
LEADERSHIP FOCUS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Page 5

 
LEADERSHIP FOCUS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

3.


Employees

2024
2023
£
£

Wages and salaries
9,100
9,100

9,100
9,100


The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 July 2023
33,602
12,573
46,175



At 30 June 2024

33,602
12,573
46,175



Depreciation


At 1 July 2023
14,271
6,378
20,649


Charge for the year on owned assets
3,866
2,065
5,931



At 30 June 2024

18,137
8,443
26,580



Net book value



At 30 June 2024
15,465
4,130
19,595



At 30 June 2023
19,331
6,195
25,526

Page 6

 
LEADERSHIP FOCUS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Fixed asset investments





Listed investments

£



Cost or valuation


At 1 July 2023
50,000



At 30 June 2024
50,000





6.


Debtors

2024
2023
£
£


Trade debtors
23,160
17,700

Amounts owed by group undertakings
9,900
-

Other debtors
49
39

33,109
17,739



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
1,485
7,988

Less: bank overdrafts
(10,000)
(19,015)

(8,515)
(11,027)


Page 7

 
LEADERSHIP FOCUS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
10,000
19,015

Trade creditors
2,700
-

Amounts due to participating interests
28,000
4,500

Other creditors
200,446
146,509

Accruals and deferred income
1,500
1,500

242,646
171,524



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
22,262
31,962

22,262
31,962



10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£


Amounts falling due 1-2 years

Bank loans
22,262
31,963


22,262
31,963



22,262
31,963


Page 8

 
LEADERSHIP FOCUS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

11.


Deferred taxation




2024


£






At beginning of year
(5,232)


Utilised in year
5,232



At end of year
-

The deferred taxation balance is made up as follows:

2024
2023
£
£


Other timing differences
-
(5,232)

-
(5,232)

 
Page 9