Acorah Software Products - Accounts Production 16.4.675 false true 30 November 2023 1 December 2022 false 1 December 2023 30 November 2024 30 November 2024 08276990 Ms Gabriela Medkova More Corporate Secretaries Limited iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08276990 2023-11-30 08276990 2024-11-30 08276990 2023-12-01 2024-11-30 08276990 frs-core:CurrentFinancialInstruments 2024-11-30 08276990 frs-core:ShareCapital 2024-11-30 08276990 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 08276990 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 08276990 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 08276990 frs-bus:SmallEntities 2023-12-01 2024-11-30 08276990 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 08276990 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 08276990 frs-bus:OrdinaryShareClass1 2023-12-01 2024-11-30 08276990 frs-bus:OrdinaryShareClass1 2024-11-30 08276990 frs-bus:Director1 2023-12-01 2024-11-30 08276990 frs-bus:CompanySecretary1 2023-12-01 2024-11-30 08276990 frs-countries:EnglandWales 2023-12-01 2024-11-30 08276990 2022-11-30 08276990 2023-11-30 08276990 2022-12-01 2023-11-30 08276990 frs-core:CurrentFinancialInstruments 2023-11-30 08276990 frs-core:ShareCapital 2023-11-30 08276990 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 08276990 frs-bus:OrdinaryShareClass1 2022-12-01 2023-11-30
Registered number: 08276990
Leis Development Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2024
More Group (Accounting) Limited
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 08276990
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 133,224 116,355
Cash at bank and in hand 3,200 3,976
136,424 120,331
Creditors: Amounts Falling Due Within One Year 5 (94,859 ) (80,569 )
NET CURRENT ASSETS (LIABILITIES) 41,565 39,762
TOTAL ASSETS LESS CURRENT LIABILITIES 41,565 39,762
NET ASSETS 41,565 39,762
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and Loss Account 41,465 39,662
SHAREHOLDERS' FUNDS 41,565 39,762
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Ms Gabriela Medkova
Director
19/08/2025
The notes on pages 2 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Leis Development Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08276990 . The registered office is 1 Giltspur Street, Farringdon, London, EC1A 9DD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Financial Instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial
Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of
the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable
right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability
simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including
transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes
a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of
interest. Financial assets classified as receivable within one year are not discounted.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An
equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as
debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction where they are
subsequently carried at amortised cost using effective interest method. Financial liabilities that constitute a financing transaction are
measured at present value of future payments discounted at a market rate of interest. Financial liabilities classified as payable within
one year are not discounted.
Debt instruments are subsequently carried at amortised cost, using effective interest rate method.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in ordinary course of business from suppliers.
Amounts payable under trade creditors classified as current liabilities if payment is due within one year or less. If not they presented as
non-current liabilities. Trade creditors recognised initially at transaction price and subsequently measured amortised cost using effective
interest method.
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Debtors
2024 2023
£ £
Due within one year
Trade debtors 62,600 64,600
Prepayments and accrued income 25,642 39,854
Other debtors 9,000 9,000
VAT 3,632 2,901
Amounts owed by related parties 32,350 -
133,224 116,355
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 37,374 39,916
Accruals and deferred income - 36,667
Director's loan account 3,986 3,986
Amounts owed to related parties 53,499 -
94,859 80,569
6. Share Capital
2024 2023
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1.00 each 100 100
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7. Related Party Transactions
At the balance sheet date, the company was owed £32,350 (2023: £32,350) by Leis Holding Ltd and had a payable balance of £9,129 (2023: £7,750) to the same entity. Leis Holding Ltd is a company under common control. These balances represent interest-free working capital loans that are repayable on demand.
The company also had an outstanding liability of £21,145 to Mr. Ladislav Medek, who is the father of the director and a person with significant control over the company. This amount is unsecured, interest-free, and repayable on demand.
During the financial year, the company generated all of its revenue, totalling £85,000, from related entities. These entities include LEIS Delta s.r.o., LEIS Omega s.r.o., and LEIS Service Energy s.r.o. The company owed £21,575 to LEIS Service Energy s.r.o. As at the balance sheet date, a balance of £41,025 was receivable from related parties, specifically LEIS Delta s.r.o., LEIS Omega s.r.o., LEIS Service Energy s.r.o., and LEIS Service Property.
In addition, the company paid £20,000 for professional services to Ms. Nela Medkova, the daughter of Mr. Ladislav Medek. All related party transactions were conducted in the normal course of business.
As at the balance sheet date, the company owed £1,000 (2023: £1,000) to Ms. Gabriela Medkova for professional services. She is the daughter of Mr. Ladislav Medek. All related party transactions were conducted in the normal course of business.
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