Registration number: 12472915

LEAPWORK UK Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3 to 7

LEAPWORK UK Limited

Company Information

Director

Mr C B Frederiksen

Registered office

Office 303 70 St Mary Axe London EC3A 8BE

Auditors

CBSL Accountants Limited Chartered Accountants and Statutory Auditor Rowan House North 1 The Professional Quarter Shrewsbury Business Park Shrewsbury Shropshire SY2 6LG

LEAPWORK UK Limited

(Registration number: 12472915)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	52,978	38,012
Current assets
Debtors	5	1,580,534	1,777,781
Cash at bank and in hand		8,366,949	3,393,267
		9,947,483	5,171,048
Creditors: Amounts falling due within one year	6	(10,047,544)	(5,150,977)
Net current (liabilities)/assets		(100,061)	20,071
Total assets less current liabilities		(47,083)	58,083
Provisions for liabilities		-	(5,876)
Net (liabilities)/assets		(47,083)	52,207
Capital and reserves
Called up share capital	7	100	100
Retained earnings		(47,183)	52,107
Shareholders' (deficit)/funds		(47,083)	52,207

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 29 September 2025
 

Mr C B Frederiksen Director

LEAPWORK UK Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Office 303
70 St Mary Axe
London
EC3A 8BE

These financial statements were authorised for issue by the director on 29 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The company's functional and presentational currency is GBP.

Going concern

The financial statements have been prepared on a going concern basis.

The company is supported by the parent undertaking to ensure all liabilities are met as they fall due for the next 12 months. The amounts provided by the parent company included in creditors will not be recalled until other liabilities have been settled.

LEAPWORK UK Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

Audit report

The Independent Auditor's Report was unqualified . The name of the Senior Statutory Auditor who signed the audit report on 29 September 2025 was Louise Osselton FCA, who signed for and on behalf of CBSL Accountants Limited.

Revenue recognition

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

The company recognises revenue when:
- The amount of revenue can be reliably measured;
- it is probable that the company will receive the consideration due under the terms of the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably;
- and the costs incurred and the costs to complete the contract can be measured reliably.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

LEAPWORK UK Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office equipment	Over 3 years straight line

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 43 (2023 - 34).

LEAPWORK UK Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 January 2024	74,290	74,290
Additions	44,235	44,235
At 31 December 2024	118,525	118,525
Depreciation
At 1 January 2024	36,278	36,278
Charge for the year	29,269	29,269
At 31 December 2024	65,547	65,547
Carrying amount
At 31 December 2024	52,978	52,978
At 31 December 2023	38,012	38,012

5

Debtors

Current	Note	2024 £	2023 £
Trade debtors		1,218,856	1,385,417
Amounts owed by related parties	8	159,349	-
Prepayments		83,812	266,272
Other debtors		118,517	126,092
		1,580,534	1,777,781

LEAPWORK UK Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

6

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Trade creditors		77,625	21,405
Amounts owed to group undertakings and undertakings in which the company has a participating interest	8	6,316,810	2,587,285
Taxation and social security		477,945	455,337
Accruals and deferred income		3,175,164	2,086,884
Other creditors		-	66
		10,047,544	5,150,977

7	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Ordinary shares of £1 each	100	100	100	100

8	Related party transactions

The company has taken advantage of the exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

9	Parent and ultimate parent undertaking

The company's immediate parent is LEAPWORK A/S, incorporated in Denmark.