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REGISTERED NUMBER: 05045717 (England and Wales)















Financial Statements for the Year Ended 28 February 2025

for

Leap Ahead Ltd

Leap Ahead Ltd (Registered number: 05045717)

Contents of the Financial Statements
for the Year Ended 28 February 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Leap Ahead Ltd

Company Information
for the Year Ended 28 February 2025







DIRECTOR: Miss K Birnie



SECRETARY: Mr M Totty



REGISTERED OFFICE: Braemar House
1 Hillcrest Waye
Gerrards Cross
Buckinghamshire
SL9 8DN



REGISTERED NUMBER: 05045717 (England and Wales)



ACCOUNTANTS: Campbell & Co
Office 17
Buxhall Business Park
Buxhall
Suffolk
IP14 3DJ



BANKERS: Lloyds TSB
33 Packhorse Road
Gerrards Cross
Buckinghamshire
SL9 8PF

Leap Ahead Ltd (Registered number: 05045717)

Balance Sheet
28 February 2025

28/2/25 28/2/24
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 3,684 4,526
Investments 5 199,710 195,950
203,394 200,476

CURRENT ASSETS
Debtors 6 117,457 123,263
Cash at bank 697,110 727,660
814,567 850,923
CREDITORS
Amounts falling due within one year 7 27,528 28,170
NET CURRENT ASSETS 787,039 822,753
TOTAL ASSETS LESS CURRENT
LIABILITIES

990,433

1,023,229

PROVISIONS FOR LIABILITIES 700 860
NET ASSETS 989,733 1,022,369

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 989,732 1,022,368
SHAREHOLDERS' FUNDS 989,733 1,022,369

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Leap Ahead Ltd (Registered number: 05045717)

Balance Sheet - continued
28 February 2025


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 July 2025 and were signed by:





Miss K Birnie - Director


Leap Ahead Ltd (Registered number: 05045717)

Notes to the Financial Statements
for the Year Ended 28 February 2025


1. STATUTORY INFORMATION

Leap Ahead Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Furniture, Fittings & Equipment - 25% Reducing Balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 1 ) .

Leap Ahead Ltd (Registered number: 05045717)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 29 February 2024
and 28 February 2025 30,048
DEPRECIATION
At 29 February 2024 25,522
Charge for year 842
At 28 February 2025 26,364
NET BOOK VALUE
At 28 February 2025 3,684
At 28 February 2024 4,526

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 29 February 2024 195,950
Additions 3,760
At 28 February 2025 199,710
NET BOOK VALUE
At 28 February 2025 199,710
At 28 February 2024 195,950

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28/2/25 28/2/24
£    £   
Other debtors 117,457 123,263

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28/2/25 28/2/24
£    £   
Trade creditors 2,368 1,715
Taxation and social security 22,604 23,405
Other creditors 2,556 3,050
27,528 28,170

Leap Ahead Ltd (Registered number: 05045717)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025


8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2025 and 28 February 2024:

28/2/25 28/2/24
£    £   
Miss K Birnie
Balance outstanding at start of year 96,748 74,012
Amounts advanced 76,005 114,682
Amounts repaid (82,000 ) (91,946 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 90,753 96,748

The director was provided with an interest free loan as detailed during the year.
The loan is repayable on demand.

9. ULTIMATE CONTROLLING PARTY

The controlling party is Miss K Birnie.