Leader Recruitment Group Limited


Director	Patel, Mayur


Registered Address	Permanent House
	1 Dundas Street
	Huddersfield
	HD1 2EX


Registered Number	12791079 (England and Wales)

Balance Sheet as at
31 August 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Intangible assets	3		197,392		-
Tangible assets	4		34,577		5,482
Investments	5		80,000		80,000
			311,969		85,482
Current assets
Stocks	6	10,226		24,000
Debtors	7	734,660		536,019
Cash at bank and on hand		18,453		14,910
		763,339		574,929
Creditors amounts falling due within one year	8	(1,079,167)		(659,776)
Net current assets (liabilities)			(315,828)		(84,847)
Total assets less current liabilities			(3,859)		635
Creditors amounts falling due after one year	9		(46,648)		(91,019)
Net assets			(50,507)		(90,384)
Capital and reserves
Called up share capital			10		10
Profit and loss account			(50,517)		(90,394)
Shareholders' funds			(50,507)		(90,384)

The company was entitled to exemption from audit for this reporting period 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 Director acknowledges 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 22 October 2025, and are signed on its behalf by:

Patel, Mayur
Director
Registered Company No. 12791079

Leader Recruitment Group Limited

Notes to the Financial Statements
for the year ended 31 August 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Defined contribution pension plan
	The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Current taxation
	Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

Current taxation

Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income.

Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


		Reducing balance (%)
	Office Equipment	25

	Investments
	Equity instruments are measured at fair value through profit and loss except where those equity investments are not publicly traded and whose fair values cannot otherwise be measured reliably, which are recognised at cost less impairment until a reliable measure of fair value becomes available.

	Finance leases and hire purchase contracts
	Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

	Stocks and work in progress
	Work in progress is valued at the lower of cost and net realisable value. Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

2.	Average number of employees


		2024		2023
	Average number of employees during the year	21		15

3.	Intangible assets

	Other	Total
	£	£
Cost or valuation
Additions	197,392	197,392
At 31 August 24	197,392	197,392
Net book value
At 31 August 24	197,392	197,392
At 31 August 23	-	-

4.	Tangible fixed assets

	Vehicles	Office Equipment	Total
	£	£	£
Cost or valuation
At 01 September 23	-	8,477	8,477
Additions	28,589	12,032	40,621
At 31 August 24	28,589	20,509	49,098
Depreciation and impairment
At 01 September 23	-	2,995	2,995
Charge for year	7,147	4,379	11,526
At 31 August 24	7,147	7,374	14,521
Net book value
At 31 August 24	21,442	13,135	34,577
At 31 August 23	-	5,482	5,482

5.	Fixed asset investments

	Investments in groups¹	Total
	£	£
Cost or valuation
At 01 September 23	80,000	80,000
At 31 August 24	80,000	80,000
Net book value
At 31 August 24	80,000	80,000
At 31 August 23	80,000	80,000

	Notes
	¹Investments in group undertakings and participating interests

6.	Stocks

	2024	2023
	£	£
Other stocks	10,226	24,000
Total	10,226	24,000

7.	Debtors: amounts due within one year

	2024	2023
	£	£
Trade debtors / trade receivables	485,577	311,219
Other debtors	210,752	187,595
Prepayments and accrued income	9,879	8,752
Deferred tax asset, debtors	28,452	28,453
Total	734,660	536,019

8.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	152,227	83,692
Bank borrowings and overdrafts	327,470	169,874
Taxation and social security	417,138	301,410
Other creditors	174,308	96,776
Accrued liabilities and deferred income	8,024	8,024
Total	1,079,167	659,776

9.	Creditors: amounts due after one year

	2024	2023
	£	£
Other creditors	46,648	91,019
Total	46,648	91,019