Leicester Commercial Accountants Ltd

Registered number

09348988

Filleted Accounts

31 December 2024

Leicester Commercial Accountants Ltd
Registered number:		09348988
Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	3		12,465			14,665

Current assets
Debtors	4	150,103			110,104
Cash at bank and in hand		76,795			79,117
		226,898			189,221

Creditors: amounts falling due within one year	5	(71,383)			(66,640)

Net current assets			155,515			122,581

Total assets less current liabilities			167,980			137,246

Creditors: amounts falling due after more than one year	6		(7,171)			(5,798)



Net assets			160,809			131,448

Capital and reserves
Called up share capital			100			100
Profit and loss account			160,709			131,348

Shareholder's funds			160,809			131,448

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




N Sacranie
Director
Approved by the board on 29 October 2025

Leicester Commercial Accountants Ltd
Notes to the Accounts
for the year ended 31 December 2024


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	15% reducing balance

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.


2	Employees		2024		2023
Number				Number

	Average number of persons employed by the company		5		2


3	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 January 2024				30,785
	At 31 December 2024				30,785

	Depreciation
	At 1 January 2024				16,120
	Charge for the year				2,200
	At 31 December 2024				18,320

	Net book value
	At 31 December 2024				12,465
	At 31 December 2023				14,665


4	Debtors		2024		2023
£				£

	Trade debtors		79,112		61,513
	Other debtors		70,991		48,591
			150,103		110,104


5	Creditors: amounts falling due within one year		2024		2023
£				£

	Trade creditors		14,652		9,292
	Corporation tax		11,047		7,088
	Other taxes and social security costs		16,064		17,548
	Other creditors		29,620		32,712
			71,383		66,640


6	Creditors: amounts falling due after one year		2024		2023
£				£

	Other creditors		7,171		5,798


7	Other information

	Leicester Commercial Accountants Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	Unit C
	122 Bridge Road
	Leicester
	LE5 3QN