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COMPANY REGISTRATION NUMBER: 06873930
LEADS.IO LTD
FILLETED FINANCIAL STATEMENTS
31 December 2024
LEADS.IO LTD
STATEMENT OF FINANCIAL POSITION
31 December 2024
2024
2023
Note
£
£
£
£
FIXED ASSETS
Intangible assets
5
1,557,472
1,178,638
Tangible assets
6
15,460
30,665
------------
------------
1,572,932
1,209,303
CURRENT ASSETS
Debtors
7
1,433,837
3,476,954
Cash at bank and in hand
287,165
289,134
------------
------------
1,721,002
3,766,088
CREDITORS: amounts falling due within one year
8
4,809,921
4,600,332
------------
------------
NET CURRENT LIABILITIES
3,088,919
834,244
------------
------------
TOTAL ASSETS LESS CURRENT LIABILITIES
( 1,515,987)
375,059
------------
---------
NET (LIABILITIES)/ASSETS
( 1,515,987)
375,059
------------
---------
CAPITAL AND RESERVES
Called up share capital
109
109
Share premium account
79,203
79,203
Profit and loss account
( 1,595,299)
295,747
------------
---------
SHAREHOLDERS (DEFICIT)/FUNDS
( 1,515,987)
375,059
------------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
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.
These financial statements were approved by the board of directors and authorised for issue on 16 May 2025 , and are signed on behalf of the board by:
Ms A P Belova
Director
Company registration number: 06873930
LEADS.IO LTD
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 11 The Point, Rockingham Road, Market Harborough, Leicestershire, LE16 7QU.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The company currently meets its daily working capital requirements through operating revenues, banking facilities and financial support from group companies. On this basis, the directors consider it appropriate to prepare the accounts on the going concern basis. The accounts do not include any adjustments that would result from the failure to raise any additional finance that may prove necessary.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
The turnover shown in the profit and loss account represents amounts receivable during the year, exclusive of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
10% straight line
Development costs
-
20% straight line
Domains
-
20% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Research and development
Research expenditure is written off in the period in which it is incurred. Development expenditure incurred is capitalised as an intangible asset only when all of the following criteria are met: - It is technically feasible to complete the intangible asset so that it will be available for use or sale; - There is the intention to complete the intangible asset and use or sell it; - There is the ability to use or sell the intangible asset; - The use or sale of the intangible asset will generate probable future economic benefits; - There are adequate technical, financial and other resources available to complete the development and to use or sell the intangible asset; and - The expenditure attributable to the intangible asset during its development can be measured reliably. Expenditure that does not meet the above criteria is expensed as incurred.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures & Fittings
-
20% straight line
Equipment
-
33% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs.
Defined contribution plans
The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the Profit and Loss Account. The company also funds individual policy schemes, all of which are money purchase schemes. The company's contributions to these schemes are charged to the profit and loss account in the year they become payable.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 38 (2023: 38 ).
5. INTANGIBLE ASSETS
Goodwill
Development costs
Domains
Total
£
£
£
£
Cost
At 1 January 2024
265,452
365,361
957,527
1,588,340
Additions
538,440
538,440
Additions from internal developments
210,461
210,461
---------
---------
------------
------------
At 31 December 2024
265,452
575,822
1,495,967
2,337,241
---------
---------
------------
------------
Amortisation
At 1 January 2024
265,452
34,000
110,250
409,702
Charge for the year
98,536
271,531
370,067
---------
---------
------------
------------
At 31 December 2024
265,452
132,536
381,781
779,769
---------
---------
------------
------------
Carrying amount
At 31 December 2024
443,286
1,114,186
1,557,472
---------
---------
------------
------------
At 31 December 2023
331,361
847,277
1,178,638
---------
---------
------------
------------
6. TANGIBLE ASSETS
Fixtures and fittings
Equipment
Total
£
£
£
Cost
At 1 January 2024
71,919
47,827
119,746
Additions
3,587
3,587
--------
--------
---------
At 31 December 2024
71,919
51,414
123,333
--------
--------
---------
Depreciation
At 1 January 2024
64,419
24,662
89,081
Charge for the year
2,111
16,681
18,792
--------
--------
---------
At 31 December 2024
66,530
41,343
107,873
--------
--------
---------
Carrying amount
At 31 December 2024
5,389
10,071
15,460
--------
--------
---------
At 31 December 2023
7,500
23,165
30,665
--------
--------
---------
7. DEBTORS
2024
2023
£
£
Trade debtors
263,964
370,131
Amounts owed by group undertakings and undertakings in which the company has a participating interest
2,266,704
Other debtors
1,169,873
840,119
------------
------------
1,433,837
3,476,954
------------
------------
8. CREDITORS: amounts falling due within one year
2024
2023
£
£
Trade creditors
144,276
232,597
Amounts owed to group undertakings and undertakings in which the company has a participating interest
4,159,832
3,833,288
Social security and other taxes
346,314
296,014
Other creditors
159,499
238,433
------------
------------
4,809,921
4,600,332
------------
------------
9. OPERATING LEASES
The total future minimum lease payments under non-cancellable operating leases are as follows:
2024
2023
£
£
Not later than 1 year
30,604
30,604
Later than 1 year and not later than 5 years
51,007
81,617
--------
---------
81,611
112,221
--------
---------
10. SUMMARY AUDIT OPINION
The auditor's report dated 16 May 2025 was unqualified .
The senior statutory auditor was Gavin Snape ACA , for and on behalf of Meadows & Co Limited .
11. RELATED PARTY TRANSACTIONS
The company has taken advantage of the exemption available under FRS 102 not to disclose any transactions with other companies within a 100% owned group.
12. PARENT UNDERTAKING
The smallest company which prepares consolidated accounts which includes the results of the company is Leads B.V . a company incorporated in the Netherlands, with a registered office address of Nieuwe Steen 27, 1625 HV, Hoorn, The Netherlands.
13. GOING CONCERN
The directors have considered the period to 31 May 2026 when assessing the company's ability to continue as a going concern. It is believed that the company will either be able to satisfy its liabilities as these become payable, or alternatively will be sold as a going concern.