REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 January 2025 |
for |
Leading Leaders Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 January 2025 |
for |
Leading Leaders Limited |
Leading Leaders Limited (Registered number: 06042506) |
Contents of the Financial Statements |
for the Year Ended 31 January 2025 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Leading Leaders Limited |
Company Information |
for the Year Ended 31 January 2025 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
Leading Leaders Limited (Registered number: 06042506) |
Balance Sheet |
31 January 2025 |
2025 | 2024 |
Notes | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 5 |
Tangible assets | 6 |
CURRENT ASSETS |
Stocks |
Debtors | 7 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 8 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
Leading Leaders Limited (Registered number: 06042506) |
Balance Sheet - continued |
31 January 2025 |
The director acknowledges her responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
The financial statements were approved by the director and authorised for issue on |
Leading Leaders Limited (Registered number: 06042506) |
Notes to the Financial Statements |
for the Year Ended 31 January 2025 |
1. | STATUTORY INFORMATION |
Leading Leaders Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | STATEMENT OF COMPLIANCE |
3. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements have not been prepared on a going concern basis as a result of the company ceasing to trade. As the financial statements have not been prepared on a going concern basis: all fixed assets have been reclassified as current assets and are valued at the lower of cost and net realisable value, long term liabilities have been reclassified as current liabilities and any costs of early settlement have been recognised, and any other costs associated with winding up the business have been recognised.. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Goodwill |
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, has been amortised evenly over its estimated useful life of five years. |
Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
Tangible fixed assets |
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life. |
Plant and machinery etc - 25% on reducing balance |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Leading Leaders Limited (Registered number: 06042506) |
Notes to the Financial Statements - continued |
for the Year Ended 31 January 2025 |
3. | ACCOUNTING POLICIES - continued |
Financial instruments |
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instruments. |
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes, in effect, a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. |
Debt instruments are subsequently measured at amortised cost. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
Going concern |
As disclosed in the Report of the Director, the company has ceased to trade. As a result of this, the financial statements have not been prepared on a going concern basis. The basis of preparation of the financial statements is outlined in note 3. |
4. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
Leading Leaders Limited (Registered number: 06042506) |
Notes to the Financial Statements - continued |
for the Year Ended 31 January 2025 |
5. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
At 1 February 2024 |
Disposals | ( |
) |
At 31 January 2025 |
AMORTISATION |
At 1 February 2024 |
Eliminated on disposal | ( |
) |
At 31 January 2025 |
NET BOOK VALUE |
At 31 January 2025 |
At 31 January 2024 |
6. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 February 2024 |
Disposals | ( |
) |
At 31 January 2025 |
DEPRECIATION |
At 1 February 2024 |
Eliminated on disposal | ( |
) |
At 31 January 2025 |
NET BOOK VALUE |
At 31 January 2025 |
At 31 January 2024 |
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2025 | 2024 |
£ | £ |
Trade debtors |
Other debtors |
Leading Leaders Limited (Registered number: 06042506) |
Notes to the Financial Statements - continued |
for the Year Ended 31 January 2025 |
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued |
Included within other debtors above is a balance of £0 (2024 - £259) in relation to prepayments. |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2025 | 2024 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
Included within other creditors disclosed above is a balance of £0 (2024 - £565) in relation to accrued expenses and a balance of £8,401 (2024 - £11,620) in relation to the Director's Loan Account. |