Registered number
13671829
LEOPARD TRANSPORT LTD
Filleted Accounts
30 June 2024
LEOPARD TRANSPORT LTD
Registered number: 13671829
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 19,354 -
Current assets
Cash at bank and in hand 15,072 3,163
Creditors: amounts falling due within one year 4 (2,937) (699)
Net current Assets 12,135 2,464
Total Net Assets 31,489 2,464
Creditors: amounts falling due after more than one year 5 (31,602) (2,244)
Total Net Assets (113) 220
Capital and reserves
Called up share capital 1 1
Profit and loss account (114) 219
Shareholder's funds (113) 220
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Yasir Bashir
Director
Approved by the board on 31 December 2024
LEOPARD TRANSPORT LTD
Notes to the Accounts
for the period from 1 November 2023 to 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
It is company policy to charge full year depreciation in the year of Purchase and none in the year of sale
2 Employees 2024 2023
Number Number
Average number of persons employed by the company - -
3 Tangible fixed assets
Plant and Machinery
£
Cost
Additions 23,192
At 30 June 2024 23,192
Depreciation
Charge for the period 3,838
At 30 June 2024 3,838
Net book value
At 30 June 2024 19,354
4 Creditors: amounts falling due within one year 2024 2023
£ £
Deffered Income 4,200 -
Taxation and social security costs (1,263) 699
2,937 699
5 Creditors: amounts falling due after one year 2024 2023
£ £
Deffered Income 12,600 -
Other creditors 19,002 2,244
31,602 2,244
6 Government Grant
The company received a government grant amounting to £21,000 for the acquisition of plant and machinery during the year ended 30-06-2024
The grant has been recognized in accordance with the applicable accounting standards and recognizing it as deferred income to be amortized over the useful life of the Assets
The grant is subject to compliance with certain conditions, and management has assessed that these conditions have been met.
7 Tax Calculation 2024 2023
£ £
Profit / (Loss) before Tax (333)
Add back:
Entertainment exp 174
Depreciation 3,838 -
Capital Allowance (23,192) -
Adjusted profit before Tax (19,513) -
Corporation Tax@19% -
Profit/ (Loss) after Tax (19,513)
Tax Losses Carried Forward
At the year-end, the company had unutilised trading losses of £19,513, which are available to carry forward against future taxable profits. No deferred tax asset has been recognised in respect of these losses due to uncertainty over future profitability.
8 Other information
LEOPARD TRANSPORT LTD is a private company limited by shares and incorporated in England. Its registered office is:12 Deer Park Road, London, England, SW19 3TL
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