LEAP HORSE GROUP OF INDUSTRIES LTD

Company Registration Number:
14492675 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2024

Period of accounts

Start date: 1 January 2024

End date: 31 December 2024

LEAP HORSE GROUP OF INDUSTRIES LTD

Contents of the Financial Statements

for the Period Ended 31 December 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

LEAP HORSE GROUP OF INDUSTRIES LTD

Directors' report period ended 31 December 2024

The directors present their report with the financial statements of the company for the period ended 31 December 2024

Principal activities of the company

Director's report and financial statements The director presents his report and accounts for the year ended 31 December 2024. Principal activities Principal activity of the company during the financial year was of retail sale via mail order houses or via Internet. Director The director who served the company throughout the year was as follows: Mansoor Javed Statement of director's responsibilities The director is responsible for preparing the financial statements in accordance with applicable law and regulations. Company law requires the director to prepare financial statements for each financial year. Under that law, the director has elected to prepare the financial statements in accordance with the United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102 and applicable law). The financial statements are required by law to give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to select suitable accounting policies and then apply them consistently; make judgments and estimates that are reasonable and prudent; state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The director is responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. The [director is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.



Directors

The director shown below has held office during the whole of the period from
1 January 2024 to 31 December 2024

Dr Mansoor Javed


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
17 March 2025

And signed on behalf of the board by:
Name: Dr Mansoor Javed
Status: Director

LEAP HORSE GROUP OF INDUSTRIES LTD

Profit And Loss Account

for the Period Ended 31 December 2024

2024 13 months to 31 December 2023


£

£
Turnover: 1,622,531 1,226,075
Cost of sales: ( 290,090 ) ( 492,010 )
Gross profit(or loss): 1,332,441 734,065
Distribution costs: ( 1,104,924 ) ( 506,712 )
Administrative expenses: ( 127,354 ) ( 154,495 )
Operating profit(or loss): 100,163 72,858
Interest payable and similar charges: ( 10,800 )
Profit(or loss) before tax: 89,363 72,858
Tax: ( 20,187 ) ( 13,903 )
Profit(or loss) for the financial year: 69,176 58,955

LEAP HORSE GROUP OF INDUSTRIES LTD

Balance sheet

As at 31 December 2024

Notes 2024 13 months to 31 December 2023


£

£
Fixed assets
Tangible assets: 3 5,041 5,908
Total fixed assets: 5,041 5,908
Current assets
Stocks: 4 213,690 29,800
Debtors: 5 48,178 15,424
Cash at bank and in hand: 51,693 26,420
Total current assets: 313,561 71,644
Creditors: amounts falling due within one year: 6 ( 94,471 ) ( 18,596 )
Net current assets (liabilities): 219,090 53,048
Total assets less current liabilities: 224,131 58,956
Creditors: amounts falling due after more than one year: 7 ( 96,000 )
Total net assets (liabilities): 128,131 58,956
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 128,130 58,955
Total Shareholders' funds: 128,131 58,956

The notes form part of these financial statements

LEAP HORSE GROUP OF INDUSTRIES LTD

Balance sheet statements

For the year ending 31 December 2024 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 17 March 2025
and signed on behalf of the board by:

Name: Dr Mansoor Javed
Status: Director

The notes form part of these financial statements

LEAP HORSE GROUP OF INDUSTRIES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

    Tangible fixed assets depreciation policy

    Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: Fixtures and Fittings = 18% Reducing Balance Computer Equipment = 18% Reducing Balance

    Other accounting policies

    Basis of preparation The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies. The financial statements are prepared in sterling which is the functional currency of the company. Stocks Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

LEAP HORSE GROUP OF INDUSTRIES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 2. Employees

    2024 13 months to 31 December 2023
    Average number of employees during the period 3 1

LEAP HORSE GROUP OF INDUSTRIES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2024 4,000 3,332 7,332
Additions 472 472
Disposals
Revaluations
Transfers
At 31 December 2024 4,472 3,332 7,804
Depreciation
At 1 January 2024 1,268 156 1,424
Charge for year 910 429 1,339
On disposals
Other adjustments
At 31 December 2024 2,178 585 2,763
Net book value
At 31 December 2024 2,294 2,747 5,041
At 31 December 2023 2,732 3,176 5,908

LEAP HORSE GROUP OF INDUSTRIES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Stocks

2024 13 months to 31 December 2023
£ £
Stocks 213,690 29,800
Total 213,690 29,800

LEAP HORSE GROUP OF INDUSTRIES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

5. Debtors

2024 13 months to 31 December 2023
£ £
Trade debtors 46,678 15,424
Prepayments and accrued income 1,500
Total 48,178 15,424

LEAP HORSE GROUP OF INDUSTRIES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

6. Creditors: amounts falling due within one year note

2024 13 months to 31 December 2023
£ £
Taxation and social security 63,714 18,596
Other creditors 30,757
Total 94,471 18,596

Directors Current Accounts £30,757

LEAP HORSE GROUP OF INDUSTRIES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

7. Creditors: amounts falling due after more than one year note

2024
£
Other creditors 96,000
Total 96,000