Leaf Consultancy Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: NI058628

LEAF CONSULTANCY LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 December 2024

LEAF CONSULTANCY LIMITED

STATEMENT OF FINANCIAL POSITION

31 December 2024

	2024	2023
Note	£	£

Fixed assets

Tangible assets	5	138,168	136,542
Investments	6	310,439	310,439
		---------	---------
		448,607	446,981

Current assets

Stocks		32,688	38,095
Debtors	7	702,656	733,656
Cash at bank and in hand		995,705	781,452
		------------	------------
		1,731,049	1,553,203

Creditors: amounts falling due within one year	8	665,141	679,705
		------------	------------
Net current assets		1,065,908	873,498
		------------	------------
Total assets less current liabilities		1,514,515	1,320,479

Provisions	34,542	25,671
	------------	------------
Net assets	1,479,973	1,294,808
	------------	------------

Capital and reserves

Called up share capital	9	1,110	1,110
Profit and loss account		1,478,863	1,293,698
		------------	------------
Shareholders funds		1,479,973	1,294,808
		------------	------------

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.

For the year ending 31 December 2024 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 financial statements for the year in question in accordance with section 476 ;

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

LEAF CONSULTANCY LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 15 September 2025 , and are signed on behalf of the board by:

Mr SW Goldblatt

Director

Company registration number: NI058628

LEAF CONSULTANCY 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 Northern Ireland. The address of the registered office is Unit 5G, Weavers Court, Linfield Road, Belfast, BT12 5GH, Northern Ireland.

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

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that it is probable the expenses recognised will be recovered.

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. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

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:

Leasehold improvements	-	25% Straight Line
Fixtures and fittings	-	12.5% Straight Line
Motor vehicles	-	20% straight line
Computer equipment	-	25% straight line
Assets held for leasing	-	33% straight line

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Investments in associates

Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.

Investments in joint ventures

Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.

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. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

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. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

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. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 21 (2023: 23 ).

5. Tangible assets

	Short leasehold property	Fixtures and fittings	Motor vehicles	Equipment	Assets held for leasing	Total
	£	£	£	£	£	£
Cost
At 1 Jan 2024	21,025	94,612	9,898	126,562	310,083	562,180
Additions	580	–	–	2,104	69,000	71,684
	--------	--------	-------	---------	---------	---------
At 31 Dec 2024	21,605	94,612	9,898	128,666	379,083	633,864
	--------	--------	-------	---------	---------	---------
Depreciation
At 1 Jan 2024	19,849	56,328	9,898	99,148	240,415	425,638
Charge for the year	325	11,100	–	13,283	45,350	70,058
	--------	--------	-------	---------	---------	---------
At 31 Dec 2024	20,174	67,428	9,898	112,431	285,765	495,696
	--------	--------	-------	---------	---------	---------
Carrying amount
At 31 Dec 2024	1,431	27,184	–	16,235	93,318	138,168
	--------	--------	-------	---------	---------	---------
At 31 Dec 2023	1,176	38,284	–	27,414	69,668	136,542
	--------	--------	-------	---------	---------	---------

6. Investments

	Shares in group undertakings
	£
Cost
At 1 January 2024 and 31 December 2024	310,439
	---------
Impairment
At 1 January 2024 and 31 December 2024	–
	---------

Carrying amount
At 31 December 2024	310,439
	---------
At 31 December 2023	310,439
	---------

The company holds 100% of the ordinary share capital of Leaf Consultancy (Ireland) Limited, a trading company incorporated in the Republic of Ireland. In its latest financial statements for the year ended 31 May 2024, Leaf Consultancy (Ireland) Limited reported a profit of €98,378 (2023: €296,795) and shareholders' funds of €563,233 (2023: €464,855).

7. Debtors

	2024	2023
	£	£
Trade debtors	602,636	608,430
Other debtors	100,020	125,226
	---------	---------
	702,656	733,656
	---------	---------

During the year, the company provided services to Leaf Consultancy (Ireland) Limited. The trading debt outstanding by Leaf Consultancy (Ireland) Limited at the balance sheet date was £29,956 (2023: £22,378).

8. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	348,717	299,072
Corporation tax	81,529	87,702
Social security and other taxes	105,213	134,500
Other creditors	129,682	158,431
	---------	---------
	665,141	679,705
	---------	---------

9. Called up share capital

Issued, called up and fully paid

	2024		2023
	No.	£	No.	£
Ordinary shares of £ 1 each	1,000	1,000	1,000	1,000
A shares of £ 1 each	110	110	110	110
	-------	-------	-------	-------
	1,110	1,110	1,110	1,110
	-------	-------	-------	-------

10. Directors' advances, credits and guarantees

At 31 December 2024, the amount owing to Mr S W Goldblatt by the company was £25,334 (2023: £15,332). At 31 December 2024, the amount owing to Mr D F Heanen by the company was £465 (2023: £519).

11. Related party transactions

The company was under the control of Mr S W Goldblatt during the year. During the year, Mr Goldblatt received dividends totalling £52,250 (2023: £56,506). During the year, Mr D F Heanen received dividends totalling £2,750 (2023: £4,894). The company has a 100% Shareholding in Leaf Consultancy (Ireland) Limited. All transactions with Leaf Consultancy (Ireland) Limited are at arms length. Transactions with Leaf Consultancy (Ireland) Limited are set out in note 10 above.