Leasing Solutions (UK) Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 01887413

Leasing Solutions (UK) Ltd

Filleted Unaudited Accounts

31 December 2024

Leasing Solutions (UK) Ltd

Statement of Financial Position

31 December 2024

	2024		2023
Note	£	£	£

Fixed assets

Tangible assets	4		309	1,365

Current assets

Debtors	5	265,930	265,854
Cash at bank and in hand		85,506	187,577
		---------	---------
		351,436	453,431

Creditors: amounts falling due within one year	6	( 568,872)		( 668,870)
		---------		---------
Net current liabilities			( 217,436)	( 215,439)
			---------	---------
Total assets less current liabilities			( 217,127)	( 214,074)
			---------	---------
Net liabilities			( 217,127)	( 214,074)
			---------	---------

Capital and reserves

Called up share capital	108,476	108,476
Profit and loss account	( 325,603)	( 322,550)
	---------	---------
Shareholders deficit	( 217,127)	( 214,074)
	---------	---------

These accounts 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 accounts 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 accounts .

Leasing Solutions (UK) Ltd

Statement of Financial Position (continued)

31 December 2024

These accounts were approved by the board of directors and authorised for issue on 28 September 2025 , and are signed on behalf of the board by:

I Harrison

Director

Company registration number: 01887413

Leasing Solutions (UK) Ltd

Notes to the Accounts

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 31 Woodham Road, Woking, GU21 4EN, England.

2. Statement of compliance

These accounts 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.

Going concern

The directors have a reasonable expectation that the company has adequate resources to continue operational existence for the foreseeable future and will have support from its parent undertaking, for this reason the director continues to adopt the going concern basis of accounting in preparing the annual financial statements.

Revenue recognition

Revenue is recognised to the extent that it is probable that the economic benefit will flow to the Company and the revenue can be reliably measured. Revenue is allocated on a systematic approach over the contract term.

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:

	Equipment	-	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. 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. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares .

4. Tangible assets

	Equipment
	£
Cost
At 1 January 2024 and 31 December 2024	5,284
	-------
Depreciation
At 1 January 2024	3,919
Charge for the year	1,056
	-------
At 31 December 2024	4,975
	-------
Carrying amount
At 31 December 2024	309
	-------
At 31 December 2023	1,365
	-------

5. Debtors

	2024	2023
	£	£
Amounts owed by group undertakings	136,327	136,327
Prepayments and accrued income	8,424	8,351
Other debtors	121,179	121,176
	---------	---------
	265,930	265,854
	---------	---------

6. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	67	65
Amounts owed to group undertakings	551,305	651,305
Accruals and deferred income	17,500	17,500
	---------	---------
	568,872	668,870
	---------	---------

7. Controlling party

The immediate and ultimate parent company is L. & S. Building Services Limited , a company incorporated in England and Wales. Its registered office and principal place of business place is: 31 Woodham Road, Woking, GU21 4EN, England.