Leads.io Brand Direct Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 11047877

LEADS.IO BRAND DIRECT LIMITED

FILLETED FINANCIAL STATEMENTS

31 December 2024

LEADS.IO BRAND DIRECT LIMITED

STATEMENT OF FINANCIAL POSITION

31 December 2024

	2024		2023
Note	£	£	£	£

FIXED ASSETS

Tangible assets	5		9,804		13,130

CURRENT ASSETS

Debtors	6	1,047,954	1,930,330
Cash at bank and in hand		140,229	102,540
		------------	------------
		1,188,183	2,032,870

CREDITORS: amounts falling due within one year	7	220,988		1,322,487
		------------		------------
NET CURRENT ASSETS			967,195		710,383
			---------		---------
TOTAL ASSETS LESS CURRENT LIABILITIES			976,999		723,513

PROVISIONS	1,549	2,353
	---------	---------
NET ASSETS	975,450	721,160
	---------	---------

CAPITAL AND RESERVES

Called up share capital fully paid	50,000	50,000
Profit and loss account	925,450	671,160
	---------	---------
SHAREHOLDERS FUNDS	975,450	721,160
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements were approved by the board of directors and authorised for issue on 25 September 2025 , and are signed on behalf of the board by:

Ms A P Belova

Director

Company registration number: 11047877

LEADS.IO BRAND DIRECT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2024

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 11 The Point, Rockingham Road, Market Harborough, Leicestershire, LE16 7QU.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

The turnover shown in the profit and loss account represents amounts receivable during the year, exclusive of Value Added Tax. In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Equipment	-	18% / 20% Straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 7 (2023: 8 ).

5. TANGIBLE ASSETS

	Equipment
	£
Cost
At 1 January 2024	30,438
Additions	1,083
	--------
At 31 December 2024	31,521
	--------
Depreciation
At 1 January 2024	17,308
Charge for the year	4,409
	--------
At 31 December 2024	21,717
	--------
Carrying amount
At 31 December 2024	9,804
	--------
At 31 December 2023	13,130
	--------

6. DEBTORS

	2024	2023
	£	£
Trade debtors	266,394	262,792
Amounts owed by group undertakings and undertakings in which the company has a participating interest	513,561	1,600,679
Other debtors	267,999	66,859
	------------	------------
	1,047,954	1,930,330
	------------	------------

7. CREDITORS: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	2,983	46,244
Amounts owed to group undertakings and undertakings in which the company has a participating interest	–	904,846
Corporation tax	–	61,668
Social security and other taxes	76,349	180,384
Other creditors	141,656	129,345
	---------	------------
	220,988	1,322,487
	---------	------------

Secured Debts: There is a fixed and floating charge over the assets of the company in respect of group indebtedness to Cooperatieve Rabobank U.A.. There are no amounts due to Cooperatieve Rabobank U.A. in this entity at year end.

8. OPERATING LEASES

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2024	2023
	£	£
Not later than 1 year	31,509	50,414
Later than 1 year and not later than 5 years	–	81,923
	--------	---------
	31,509	132,337
	--------	---------

9. SUMMARY AUDIT OPINION

The auditor's report dated 25 September 2025 was unqualified .

The senior statutory auditor was Gavin Snape ACA , for and on behalf of Meadows & Co Limited .

10. RELATED PARTY TRANSACTIONS

The company has taken advantage of the exemption available under FRS 102 not to disclose any transactions with other companies within a 100% owned group.

11. PARENT UNDERTAKING

The smallest company which prepares consolidated accounts which includes the results of the company is Leads B.V. a company incorporated in the Netherlands, with a registered office address of Nieuwe Steen 27, 1625 HV, Hoorn, The Netherlands .