| Registered Number:SC232600 |
For the year ended 30 June 2025
Scotland
Unaudited Financial Statements
For the year ended 30 June 2025
LFEE Europe Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
LFEE Europe Ltd
Statement of Financial Position
2024
2025
| Property, plant and equipment |
1,149
148
2
1,149
148
160,167
| Cash and cash equivalents |
164,274
164,274
160,167
| Trade and other payables: amounts falling due within one |
| year |
(124,529)
(112,127)
4
35,638
52,147
Net current assets
| Total assets less current liabilities |
53,296
35,786
53,296
Net assets
35,786
2
2
53,294
35,784
53,296
35,786
Shareholders' funds
| For the year ended 30 June 2025 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 of its financial statements for the year ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006 |
| The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
| Richard Tallaron Director |
| These financial statements were approved and authorised for issue by the Board on 08 September 2025 and were signed by: |
| The notes form part of these financial statements |
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For the year ended 30 June 2025
LFEE Europe Ltd
Notes to the Financial Statements
Statutory Information
| LFEE Europe Ltd is a private limited company, limited by shares, domiciled in Scotland, registration number |
| SC232600. |
The Green House
41 St. Bernards Crescent
Edinburgh
EH4 1NR
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
| Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
| Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
| modified by the revaluation of certain assets. |
Revenue recognition
| Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Property, plant and equipment
| Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Computer equipment
Government grants
| Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred. |
Foreign currencies
| 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 at the date of balance sheet also. Exchange rate differences are taken into account in arriving at the operating result. |
Pension costs and other post-retirement benefits
| The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable. |
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For the year ended 30 June 2025
LFEE Europe Ltd
Notes to the Financial Statements Continued
| 2. Property, plant and equipment |
1,637
1,199
2,836
| Provision for depreciation and impairment |
1,489
Charge for year
198
1,687
1,149
148
| 3. Trade and other receivables |
| Short-term debtors are measured at fair value at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and measured subsequently at amortised cost using the effective interest method, less any impairment. |
| 4. Trade and other payables: amounts falling due within one year |
2024
2025
112,127
124,529
| Short-term creditors are measured at the transaction price. Other financial laibilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. |
| 5. Average number of persons employed |
During the year the average number of employees was 3 (2024 : 3)
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