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Company Registration No. 10120587 (England and Wales)
Complete Leasing Limited Unaudited accounts for the year ended 30 April 2021
Complete Leasing Limited Unaudited accounts Contents
Page
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Complete Leasing Limited Company Information for the year ended 30 April 2021
Director
F Harrold
Company Number
10120587 (England and Wales)
Registered Office
3 Axis Court Mallard Way Swansea SA7 0AJ Wales
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Complete Leasing Limited Statement of financial position as at 30 April 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Tangible assets
65,750 
436,887 
Current assets
Debtors
89,705 
148,410 
Cash at bank and in hand
8,145 
8,194 
97,850 
156,604 
Creditors: amounts falling due within one year
(221,662)
(421,160)
Net current liabilities
(123,812)
(264,556)
Total assets less current liabilities
(58,062)
172,331 
Creditors: amounts falling due after more than one year
- 
(195,466)
Net liabilities
(58,062)
(23,135)
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
(59,062)
(24,135)
Shareholders' funds
(58,062)
(23,135)
For the year ending 30 April 2021 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 9 June 2025 and were signed on its behalf by
F Harrold Director Company Registration No. 10120587
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Complete Leasing Limited Notes to the Accounts for the year ended 30 April 2021
1
Statutory information
Complete Leasing Limited is a private company, limited by shares, registered in England and Wales, registration number 10120587. The registered office is 3 Axis Court, Mallard Way, Swansea, SA7 0AJ, Wales.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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. 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 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:
Motor vehicles
20% Reducing Balance
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Complete Leasing Limited Notes to the Accounts for the year ended 30 April 2021
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 May 2020
664,421 
Additions
13,750 
Disposals
(612,421)
At 30 April 2021
65,750 
Depreciation
At 1 May 2020
227,534 
On disposals
(227,534)
At 30 April 2021
- 
Net book value
At 30 April 2021
65,750 
At 30 April 2020
436,887 
5
Debtors
2021 
2020 
£ 
£ 
Amounts falling due within one year
Trade debtors
80,337 
80,337 
Other debtors
9,368 
68,073 
89,705 
148,410 
6
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
Obligations under finance leases and hire purchase contracts
- 
176,271 
Trade creditors
- 
10,827 
Taxes and social security
829 
14,453 
Other creditors
220,083 
219,609 
Accruals
750 
- 
221,662 
421,160 
7
Creditors: amounts falling due after more than one year
2021 
2020 
£ 
£ 
Obligations under finance leases and hire purchase contracts
- 
195,466 
8
Average number of employees
During the year the average number of employees was 2 (2020: 8).
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