Company Registration No. 11359472 (England and Wales)
Leading Purpose Ltd
Unaudited accounts
for the year ended 31 May 2024
Leading Purpose Ltd
Unaudited accounts
Contents
Leading Purpose Ltd
Company Information
for the year ended 31 May 2024
Company Number
11359472 (England and Wales)
Registered Office
Black Prince Trust
5 Beaufoy Walk
London
SE11 6AA
United Kingdom
Accountants
SA Ledgers Ltd
57 Canbury Park Road
Kingston
KT2 6LQ
Leading Purpose Ltd
Statement of financial position
as at 31 May 2024
Intangible assets
3,675
3,675
Cash at bank and in hand
5,490
147
Creditors: amounts falling due within one year
(25,038)
(4,882)
Net current liabilities
(15,591)
(2,148)
Total assets less current liabilities
(11,159)
2,284
Provisions for liabilities
Net (liabilities)/assets
(11,381)
2,284
Called up share capital
1
1
Profit and loss account
(11,382)
2,283
Shareholders' funds
(11,381)
2,284
For the year ending 31 May 2024 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 11 March 2025 and were signed on its behalf by
Michael Crofts
Director
Company Registration No. 11359472
Leading Purpose Ltd
Notes to the Accounts
for the year ended 31 May 2024
Leading Purpose Ltd is a private company, limited by shares, registered in England and Wales, registration number 11359472. The registered office is Black Prince Trust, 5 Beaufoy Walk, London, SE11 6AA, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% of net book value
Computer equipment
25% of net book value
The accounts are presented in £ sterling.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Leading Purpose Ltd
Notes to the Accounts
for the year ended 31 May 2024
4
Intangible fixed assets
Other
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 June 2023
666
3,172
3,838
At 31 May 2024
666
3,172
3,838
At 1 June 2023
498
2,583
3,081
At 31 May 2024
498
2,583
3,081
At 31 May 2024
168
589
757
At 31 May 2023
168
589
757
Amounts falling due within one year
Accrued income and prepayments
1,023
1,023
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
15,867
17,267
Taxes and social security
9,948
2,041
Loans from directors
(3,079)
(21,260)
Leading Purpose Ltd
Notes to the Accounts
for the year ended 31 May 2024
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan made
21,259
-
18,180
3,079
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).