LED Associates Ltd 15312844 false 2023-11-28 2024-11-30 2024-11-30 The principal activity of the company is Environmental consulting activities Digita Accounts Production Advanced 6.30.9574.0 true true 15312844 2023-11-28 2024-11-30 15312844 2024-11-30 15312844 core:RetainedEarningsAccumulatedLosses 2024-11-30 15312844 core:ShareCapital 2024-11-30 15312844 core:CurrentFinancialInstruments 2024-11-30 15312844 core:CurrentFinancialInstruments core:WithinOneYear 2024-11-30 15312844 core:OfficeEquipment 2024-11-30 15312844 bus:SmallEntities 2023-11-28 2024-11-30 15312844 bus:AuditExemptWithAccountantsReport 2023-11-28 2024-11-30 15312844 bus:FilletedAccounts 2023-11-28 2024-11-30 15312844 bus:SmallCompaniesRegimeForAccounts 2023-11-28 2024-11-30 15312844 bus:Director1 2023-11-28 2024-11-30 15312844 bus:PrivateLimitedCompanyLtd 2023-11-28 2024-11-30 15312844 core:OfficeEquipment 2023-11-28 2024-11-30 15312844 core:PlantMachinery 2023-11-28 2024-11-30 15312844 countries:AllCountries 2023-11-28 2024-11-30 iso4217:GBP xbrli:pure

Registration number: 15312844

LED Associates Ltd

Unaudited Financial Statements

for the Period from 28 November 2023 to 30 November 2024

 

LED Associates Ltd

(Registration number: 15312844)

Balance Sheet as at 30 November 2024

Note

2024
£

Fixed assets

 

Tangible assets

3

1,292

Current assets

 

Debtors

4

6,173

Cash at bank and in hand

 

5,645

 

11,818

Creditors: Amounts falling due within one year

5

(5,619)

Net current assets

 

6,199

Net assets

 

7,491

Capital and reserves

 

Called up share capital

2

Retained earnings

7,489

Shareholders' funds

 

7,491

For the financial period ending 30 November 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 period 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 delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Directors' Report and the Profit and Loss Account has been taken.

These financial statements, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the Board on 25 April 2025 and signed on its behalf by:
 

.........................................

Mr Luke Elliott Dixon

Director

 

LED Associates Ltd

Notes to the Unaudited Financial Statements for the Period from 28 November 2023 to 30 November 2024

1

Accounting policies

Statutory information

LED Associates Ltd is a private company, limited by shares, domiciled in England and Wales, company number 15312844. The registered office is at 45 Holme Farm Way, Pontefract, WF8 3FB.

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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.

Going concern

The financial statements have been prepared on a going concern basis.

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.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current 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.

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.

 

LED Associates Ltd

Notes to the Unaudited Financial Statements for the Period from 28 November 2023 to 30 November 2024 (continued)

1

Accounting policies (continued)

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

25% Straight line

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

2

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2.

 

LED Associates Ltd

Notes to the Unaudited Financial Statements for the Period from 28 November 2023 to 30 November 2024 (continued)

3

Tangible assets

Office equipment
£

Total
£

Cost

Additions

1,723

1,723

At 30 November 2024

1,723

1,723

Depreciation

Charge for the period

431

431

At 30 November 2024

431

431

Carrying amount

At 30 November 2024

1,292

1,292

4

Debtors

2024
£

Other debtors

6,173

 

6,173

5

Creditors

Creditors: amounts falling due within one year

2024
£

Due within one year

Loans and borrowings

625

Taxation and social security

2,978

Accruals and deferred income

2,016

5,619