Company registration number 09959372 (England and Wales)
LEADERSHIP GENERATION LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
PAGES FOR FILING WITH REGISTRAR
LEADERSHIP GENERATION LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
LEADERSHIP GENERATION LIMITED (REGISTERED NUMBER: 09959372)
BALANCE SHEET
AS AT
31 JANUARY 2025
31 January 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,912
1,565
Current assets
Debtors
4
6,674
23,700
Cash at bank and in hand
168,482
118,896
175,156
142,596
Creditors: amounts falling due within one year
5
(12,307)
(5,033)
Net current assets
162,849
137,563
Total assets less current liabilities
164,761
139,128
Provisions for liabilities
(428)
(297)
Net assets
164,333
138,831
Capital and reserves
Called up share capital
6
2
2
Profit and loss reserves
164,331
138,829
Total equity
164,333
138,831

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 27 March 2025 and are signed on its behalf by:
Mrs Alison Townson
Director
LEADERSHIP GENERATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
- 2 -
1
Accounting policies
Company information

Leadership Generation Limited is a private company limited by shares incorporated in England and Wales. The registered office is 19/21 Swan Street, West Malling, Kent, ME19 6JU.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover is recognised at the fair value of consideration received or receivable for the services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. The following criteria also must be met before turnover is recognised.

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

- The amount of turnover can be measure reliably.

- It is probable that the company will receive the consideration under the contract.

- The stage of completion of the contract at the end of the reporting period can be measure reliably; and

- The costs incurred and the costs to complete the contract can be measure reliably.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers
- 25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

LEADERSHIP GENERATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
1
Accounting policies
(Continued)
- 3 -
1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.6
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
2
2
LEADERSHIP GENERATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 4 -
3
Tangible fixed assets
Computers
£
Cost
At 1 February 2024
4,404
Additions
932
Disposals
(1,348)
At 31 January 2025
3,988
Depreciation and impairment
At 1 February 2024
2,839
Depreciation charged in the year
585
Eliminated in respect of disposals
(1,348)
At 31 January 2025
2,076
Carrying amount
At 31 January 2025
1,912
At 31 January 2024
1,565
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
6,674
23,700
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
-
0
250
Taxation and social security
10,651
3,207
Other creditors
1,656
1,576
12,307
5,033
6
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
1
1
1
1
Ordinary A of £1 each
1
1
1
1
2
2
2
2
LEADERSHIP GENERATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
6
Called up share capital
(Continued)
- 5 -
2025-01-312024-02-01falsefalsefalse27 March 2025CCH SoftwareCCH Accounts Production 2024.301No description of principal activityMr Peter TownsonMrs Alison Townson099593722024-02-012025-01-31099593722025-01-31099593722024-01-3109959372core:ComputerEquipment2025-01-3109959372core:ComputerEquipment2024-01-3109959372core:CurrentFinancialInstrumentscore:WithinOneYear2025-01-3109959372core:CurrentFinancialInstrumentscore:WithinOneYear2024-01-3109959372core:CurrentFinancialInstruments2025-01-3109959372core:CurrentFinancialInstruments2024-01-3109959372core:ShareCapital2025-01-3109959372core:ShareCapital2024-01-3109959372core:RetainedEarningsAccumulatedLosses2025-01-3109959372core:RetainedEarningsAccumulatedLosses2024-01-3109959372core:ShareCapitalOrdinaryShares2025-01-3109959372core:ShareCapitalOrdinaryShares2024-01-3109959372bus:Director22024-02-012025-01-3109959372core:ComputerEquipment2024-02-012025-01-31099593722023-02-012024-01-3109959372core:ComputerEquipment2024-01-3109959372bus:PrivateLimitedCompanyLtd2024-02-012025-01-3109959372bus:SmallCompaniesRegimeForAccounts2024-02-012025-01-3109959372bus:FRS1022024-02-012025-01-3109959372bus:AuditExemptWithAccountantsReport2024-02-012025-01-3109959372bus:Director12024-02-012025-01-3109959372bus:FullAccounts2024-02-012025-01-31xbrli:purexbrli:sharesiso4217:GBP