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Registration number: 10963512

Leadcrowd Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2024

 

Leadcrowd Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

Leadcrowd Limited

Company Information

Directors

LK Trett

JS Tarazi

Registered office

The 1812 Building
Wheatley Park
Mirfield
WF14 8HE

 

Leadcrowd Limited

(Registration number: 10963512)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

7,627

13,079

Current assets

 

Debtors

5

72,944

72,459

Cash at bank and in hand

 

39,145

16,034

 

112,089

88,493

Creditors: Amounts falling due within one year

6

(436,751)

(262,452)

Net current liabilities

 

(324,662)

(173,959)

Total assets less current liabilities

 

(317,035)

(160,880)

Creditors: Amounts falling due after more than one year

6

(22,905)

(23,333)

Provisions for liabilities

(1,906)

(2,485)

Net liabilities

 

(341,846)

(186,698)

Capital and reserves

 

Called up share capital

1

1

Retained earnings

(341,847)

(186,699)

Shareholders' deficit

 

(341,846)

(186,698)

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

Leadcrowd Limited

(Registration number: 10963512)
Balance Sheet as at 30 June 2024

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 28 March 2025 and signed on its behalf by:
 

.........................................
LK Trett
Director

.........................................
JS Tarazi
Director

 
     
 

Leadcrowd Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
The 1812 Building
Wheatley Park
Mirfield
WF14 8HE
England

These financial statements were authorised for issue by the Board on 28 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The company at the balance sheet date has net liabilities. The directors have confirmed that the company will continue to be supported by group companies for a period of at least 12 months from the date of approval of the financial statements and therefore have concluded it is reasonable to continue to adopt the going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Leadcrowd Limited

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

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Property Improvements

2% on cost

Computer Equipment

33% on cost

Fixtures & Fittings

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Leadcrowd Limited

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

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2023 - 4).

 

Leadcrowd Limited

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

4

Tangible assets

Property Improvements
£

Fixtures and fittings
£

Computer equipment
£

Total
£

Cost or valuation

At 1 July 2023

2,646

10,717

29,716

43,079

Additions

-

-

2,616

2,616

At 30 June 2024

2,646

10,717

32,332

45,695

Depreciation

At 1 July 2023

318

5,517

24,165

30,000

Charge for the year

53

1,300

6,715

8,068

At 30 June 2024

371

6,817

30,880

38,068

Carrying amount

At 30 June 2024

2,275

3,900

1,452

7,627

At 30 June 2023

2,328

5,200

5,551

13,079

5

Debtors

Current

2024
£

2023
£

Trade debtors

72,944

72,091

Prepayments

-

368

 

72,944

72,459

 

Leadcrowd Limited

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

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

10,000

10,000

Trade creditors

 

21,829

3,828

Amounts owed to group undertakings and undertakings in which the company has a participating interest

8

330,737

158,387

Taxation and social security

 

40,670

27,275

Accruals and deferred income

 

19,882

1,798

Other creditors

 

13,633

61,164

 

436,751

262,452

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £10,000 (2023 - £10,000).

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

22,905

23,333

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £22,905 (2023 - £23,333).

 

Leadcrowd Limited

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

7

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

22,905

23,333

Current loans and borrowings

2024
£

2023
£

Bank borrowings

10,000

10,000

8

Related party transactions

Loans from related parties

2024

Parent
£

Entities with joint control or significant influence
£

Total
£

At start of period

72,167

86,220

158,387

Advanced

-

177,350

177,350

Repaid

(5,000)

-

(5,000)

At end of period

67,167

263,570

330,737

2023

Parent
£

Entities with joint control or significant influence
£

Total
£

At start of period

47,823

48,401

96,224

Advanced

24,344

37,819

62,163

At end of period

72,167

86,220

158,387