Company Registration No. 11298781 (England and Wales)
Leaflife Ltd
Unaudited accounts
for the year ended 31 December 2024
Leaflife Ltd
Unaudited accounts
Contents
Leaflife Ltd
Company Information
for the year ended 31 December 2024
Directors
Houman Ashrafzadeh
Ioannis Drivas
Rushil Ramjee
Company Number
11298781 (England and Wales)
Registered Office
c/o Gains Accountants
Plexal, 14 East Bay Lane
Queen Elizabeth Olympic Park
E20 3BS
Accountants
Gains Accountants
Queen Elizabeth Olympic Park
Plexal, 14 East Bay Lane
London
E20 3BS
Leaflife Ltd
Statement of financial position
as at 31 December 2024
Tangible assets
1,495,969
1,014,830
Cash at bank and in hand
126,653
194,666
Creditors: amounts falling due within one year
(964,260)
(797,985)
Net current liabilities
(446,394)
(267,074)
Total assets less current liabilities
1,049,575
747,756
Creditors: amounts falling due after more than one year
(1,161,570)
(799,592)
Net liabilities
(111,995)
(51,836)
Called up share capital
100
100
Profit and loss account
(112,095)
(51,936)
Shareholders' funds
(111,995)
(51,836)
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
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 the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 20 September 2025 and were signed on its behalf by
Rushil Ramjee
Director
Company Registration No. 11298781
Leaflife Ltd
Notes to the Accounts
for the year ended 31 December 2024
Leaflife Ltd is a private company, limited by shares, registered in England and Wales, registration number 11298781. The registered office is c/o Gains Accountants, Plexal, 14 East Bay Lane, Queen Elizabeth Olympic Park, E20 3BS.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
50% on Straight line basis
Fixtures & fittings
10% on Straight line basis
Computer equipment
25% on Straight line basis
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Leaflife Ltd
Notes to the Accounts
for the year ended 31 December 2024
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2024
49,910
1,221,416
51,211
1,322,537
Additions
46,112
668,065
8,350
722,527
At 31 December 2024
96,022
1,889,481
59,561
2,045,064
At 1 January 2024
25,638
273,418
8,651
307,707
Charge for the year
34,807
193,174
13,407
241,388
At 31 December 2024
60,445
466,592
22,058
549,095
At 31 December 2024
35,577
1,422,889
37,503
1,495,969
At 31 December 2023
24,272
947,998
42,560
1,014,830
Amounts falling due within one year
Trade debtors
36,412
1,279
Accrued income and prepayments
108,166
76,612
Amounts falling due after more than one year
Other debtors
202,500
163,500
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
184,924
96,683
Taxes and social security
17,436
10,773
Loans from directors
528,309
564,306
Deferred income
49,762
15,000
Leaflife Ltd
Notes to the Accounts
for the year ended 31 December 2024
7
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
749,599
517,288
Deferred income
394,648
255,644
Allotted, called up and fully paid:
100,000 Ordinary shares of £0.001 each
100
100
9
Operating lease commitments
2024
2023
At 31 December 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
366,541
195,652
Later than one year and not later than five years
1,437,747
782,607
Later than five years
1,306,481
399,880
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director's loan account
564,309
-
36,000
528,309
11
Average number of employees
During the year the average number of employees was 55 (2023: 43).