8 8 Lead Genera Ltd 12128961 false 2023-08-01 2024-07-31 2024-07-31 The principal activity of the company is that of web development and digital marketing services. Digita Accounts Production Advanced 6.30.9574.0 true 12128961 2023-08-01 2024-07-31 12128961 2024-07-31 12128961 core:CurrentFinancialInstruments 2024-07-31 12128961 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-31 12128961 core:Non-currentFinancialInstruments 2024-07-31 12128961 core:Non-currentFinancialInstruments core:AfterOneYear 2024-07-31 12128961 core:FurnitureFittingsToolsEquipment 2024-07-31 12128961 bus:SmallEntities 2023-08-01 2024-07-31 12128961 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 12128961 bus:FilletedAccounts 2023-08-01 2024-07-31 12128961 bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 12128961 bus:RegisteredOffice 2023-08-01 2024-07-31 12128961 bus:Director1 2023-08-01 2024-07-31 12128961 bus:Director2 2023-08-01 2024-07-31 12128961 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 12128961 bus:Agent1 2023-08-01 2024-07-31 12128961 core:ComputerEquipment 2023-08-01 2024-07-31 12128961 core:FurnitureFittings 2023-08-01 2024-07-31 12128961 core:FurnitureFittingsToolsEquipment 2023-08-01 2024-07-31 12128961 core:OfficeEquipment 2023-08-01 2024-07-31 12128961 countries:EnglandWales 2023-08-01 2024-07-31 12128961 2023-07-31 12128961 core:FurnitureFittingsToolsEquipment 2023-07-31 12128961 2022-08-01 2023-07-31 12128961 2023-07-31 12128961 core:CurrentFinancialInstruments 2023-07-31 12128961 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 12128961 core:Non-currentFinancialInstruments 2023-07-31 12128961 core:Non-currentFinancialInstruments core:AfterOneYear 2023-07-31 12128961 core:FurnitureFittingsToolsEquipment 2023-07-31 xbrli:pure iso4217:GBP

Registration number: 12128961

Lead Genera Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 July 2024

 

Lead Genera Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Lead Genera Ltd

Company Information

Directors

Mr J Gilkes

Mr B D Williams

Registered office

Office, 31 Cattle Market Street
Norwich
Norfolk
NR1 3DY

Accountants

Perk Accounting Ltd Office, 31 Cattle Market Street
Norwich
Norfolk
NR1 3DY

 

Lead Genera Ltd

(Registration number: 12128961)
Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

4,672

3,845

Current assets

 

Debtors

5

60,808

72,928

Cash at bank and in hand

 

19,000

35,467

 

79,808

108,395

Creditors: Amounts falling due within one year

6

(59,055)

(80,821)

Net current assets

 

20,753

27,574

Total assets less current liabilities

 

25,425

31,419

Creditors: Amounts falling due after more than one year

6

(3,142)

(6,042)

Provisions for liabilities

(1,168)

(1,957)

Net assets

 

21,115

23,420

Capital and reserves

 

Called up share capital

2

2

Retained earnings

21,113

23,418

Shareholders' funds

 

21,115

23,420

For the financial year ending 31 July 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.

These financial statements have been prepared and 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 11 April 2025 and signed on its behalf by:
 

.........................................
Mr J Gilkes
Director

 

Lead Genera Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 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:
Office, 31 Cattle Market Street
Norwich
Norfolk
NR1 3DY

The principal place of business is:
Floor 2
5 Queen St
Norwich
Norfolk
NR2 4SG

These financial statements were authorised for issue by the Board on 11 April 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.

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.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and 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.

 

Lead Genera Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable 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

Office equipment

20% reducing balance

Computer equipment

3 years straight line

Fixtures and fittings

5 years straight line

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.

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.

 

Lead Genera Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

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.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 8 (2023 - 8).

 

Lead Genera Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 August 2023

12,125

12,125

Additions

395

395

At 31 July 2024

12,520

12,520

Depreciation

At 1 August 2023

5,800

5,800

Charge for the year

2,048

2,048

At 31 July 2024

7,848

7,848

Carrying amount

At 31 July 2024

4,672

4,672

At 31 July 2023

3,845

3,845

5

Debtors

Current

2024
£

2023
£

Trade debtors

35,131

57,007

Prepayments

9,905

9,585

Other debtors

15,772

6,336

 

60,808

72,928

 

Lead Genera Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

2,900

2,900

Trade creditors

 

1,705

8,371

Taxation and social security

 

41,249

46,085

Accruals and deferred income

 

2,600

15,961

Other creditors

 

10,601

7,504

 

59,055

80,821

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

3,142

6,042

7

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

3,142

6,042

Current loans and borrowings

2024
£

2023
£

Bank borrowings

2,900

2,900