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Registration number: 08562291

Leaders Lab UK Ltd

Unaudited Filleted Financial Statements

for the Period from 1 January 2024 to 30 June 2025

 

Leaders Lab UK Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

Leaders Lab UK Ltd

Company Information

Directors

K Mercer

A Baines

Registered office

Glebe House
Sutton Lane
Sutton
Witney
OX29 5RY

Accountants

ENF Solutions Limited
Chartered Certified Accountant
181A Middlewood Road
Sheffield
S6 4HD

 

Leaders Lab UK Ltd

(Registration number: 08562291)
Balance Sheet as at 30 June 2025

Note

2025
£

2023
£

Fixed assets

 

Tangible assets

4

-

1,624

Current assets

 

Debtors

5

10,800

12,300

Cash at bank and in hand

 

20,262

18,847

 

31,062

31,147

Creditors: Amounts falling due within one year

6

(29,054)

(26,604)

Net current assets

 

2,008

4,543

Total assets less current liabilities

 

2,008

6,167

Creditors: Amounts falling due after more than one year

6

(1,373)

(5,750)

Provisions for liabilities

-

(309)

Net assets

 

635

108

Capital and reserves

 

Called up share capital

7

2

2

Retained earnings

633

106

Shareholders' funds

 

635

108

 

Leaders Lab UK Ltd

(Registration number: 08562291)
Balance Sheet as at 30 June 2025 (continued)

For the financial period ending 30 June 2025 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 prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 23 July 2025 and signed on its behalf by:
 

.........................................
K Mercer
Director

.........................................
A Baines
Director

 
     
 

Leaders Lab UK Ltd

Notes to the Unaudited Financial Statements for the Period from 1 January 2024 to 30 June 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Glebe House
Sutton Lane
Sutton
Witney
OX29 5RY

These financial statements were authorised for issue by the Board on 23 July 2025.

2

Accounting policies

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

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.

 

Leaders Lab UK Ltd

Notes to the Unaudited Financial Statements for the Period from 1 January 2024 to 30 June 2025 (continued)

Tax

The tax expense for the period comprises current and deferred 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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

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

Equipment

25% reducing balance basis

 

Leaders Lab UK Ltd

Notes to the Unaudited Financial Statements for the Period from 1 January 2024 to 30 June 2025 (continued)

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2 (2023 - 2).

 

Leaders Lab UK Ltd

Notes to the Unaudited Financial Statements for the Period from 1 January 2024 to 30 June 2025 (continued)

4

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 January 2024

6,425

6,425

Additions

1,683

1,683

Disposals

(8,108)

(8,108)

At 30 June 2025

-

-

Depreciation

At 1 January 2024

4,801

4,801

Charge for the period

1,240

1,240

Eliminated on disposal

(6,041)

(6,041)

At 30 June 2025

-

-

Carrying amount

At 30 June 2025

-

-

At 31 December 2023

1,624

1,624

5

Debtors

Current

2025
£

2023
£

Trade debtors

10,800

12,300

 

10,800

12,300

 

Leaders Lab UK Ltd

Notes to the Unaudited Financial Statements for the Period from 1 January 2024 to 30 June 2025 (continued)

6

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2023
£

Due within one year

 

Loans and borrowings

8

1,500

1,500

Trade creditors

 

-

5,851

Taxation and social security

 

21,459

16,206

Accruals and deferred income

 

937

885

Other creditors

 

5,158

2,162

 

29,054

26,604

Creditors: amounts falling due after more than one year

Note

2025
£

2023
£

Due after one year

 

Loans and borrowings

8

1,373

5,750

7

Share capital

Allotted, called up and fully paid shares

 

2025

2023

 

No.

£

No.

£

Ordinary shares of £1 each

1

1

1

1

Ordinary A shares of £1 each

1

1

1

1

 

2

2

2

2

 

Leaders Lab UK Ltd

Notes to the Unaudited Financial Statements for the Period from 1 January 2024 to 30 June 2025 (continued)

8

Loans and borrowings

2025
£

2023
£

Non-current loans and borrowings

Bank borrowings

1,373

5,750

2025
£

2023
£

Current loans and borrowings

Bank borrowings

1,500

1,500