REGISTERED NUMBER: 05387699 (England and Wales)

Financial Statements for the Year Ended 31st December 2024

for

Leasingworld Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

J R Szmigin

REGISTERED OFFICE:

Thorneloe House

25 Barbourne Road

Worcester

WR1 1RU

REGISTERED NUMBER:

05387699 (England and Wales)

ACCOUNTANTS:

The Richards Sandy Partnership

Thorneloe House

25 Barbourne Road

Worcester

Worcestershire

WR1 1RU

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

11,552

13,915

11,552

13,915

CURRENT ASSETS

Debtors

13,205

6,847

Cash at bank

26,186

28,542

39,391

35,389

CREDITORS

Amounts falling due within one year

26,489

24,592

NET CURRENT ASSETS

12,902

10,797

TOTAL ASSETS LESS CURRENT LIABILITIES

24,454

24,712

PROVISIONS FOR LIABILITIES

2,082

2,523

NET ASSETS

22,372

22,189

CAPITAL AND RESERVES

Called up share capital

74,074

74,074

Retained earnings

(51,702

)

(51,885

)

SHAREHOLDERS' FUNDS

22,372

22,189

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 24th September 2025 and were signed by:

J R Szmigin - Director

1.	STATUTORY INFORMATION

Leasingworld Limited 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.

INTANGIBLE ASSETS

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

TANGIBLE FIXED ASSETS

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

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

HIRE PURCHASE AND LEASING COMMITMENTS

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 1 (2023 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1st January 2024

and 31st December 2024

50,000

AMORTISATION

At 1st January 2024

and 31st December 2024

50,000

NET BOOK VALUE

At 31st December 2024

-

At 31st December 2023

-

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st January 2024

39,861

Additions

1,190

At 31st December 2024

41,051

DEPRECIATION

At 1st January 2024

25,946

Charge for year

3,553

At 31st December 2024

29,499

NET BOOK VALUE

At 31st December 2024

11,552

At 31st December 2023

13,915