REGISTERED NUMBER: 00216255 (England and Wales)

Lead Sheet Training Academy Limited

Unaudited Financial Statements for the Year Ended 31 March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr N R Aldridge

Mr A P Farley

Mrs R J Griffiths

Mr E J P Lewis

Ms C Philliskirk

REGISTERED OFFICE:

Atlantic House

8 Bell Lane

Bellbrook Industrial Estate

Uckfield

East Sussex

TN22 1QL

REGISTERED NUMBER:

00216255 (England and Wales)

ACCOUNTANTS:

Swindells LLP

Chartered Accountants

Atlantic House

8 Bell Lane

Bellbrook Industrial Estate

Uckfield

East Sussex

TN22 1QL

FIXED ASSETS

Tangible assets

4

19,924

9,484

CURRENT ASSETS

Debtors

5

22,230

22,499

Cash at bank and in hand

81,721

61,120

103,951

83,619

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

6

58,129

69,057

NET CURRENT ASSETS

45,822

14,562

TOTAL ASSETS LESS CURRENT LIABILITIES

65,746

24,046

PROVISIONS FOR LIABILITIES

4,981

-

NET ASSETS

60,765

24,046

RESERVES

Retained earnings

60,765

24,046

60,765

24,046

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 November 2025 and were signed on its behalf by:

Mr N R Aldridge - Director

Mrs R J Griffiths - Director

1.	STATUTORY INFORMATION

Lead Sheet Training Academy Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents revenue, net of VAT, from commercial transactions under which the company supplies customers the goods and services that it is in business to provide and it is recognised when it obtains, through performance under contract, the right to consideration for those goods and services.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Leasehold properties

-

10% on cost

Plant and machinery

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

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

Pension costs and other post-retirement benefits

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Leasehold

Plant and

Computer

properties

machinery

equipment

Totals

£

£

£

£

COST

At 1 April 2024

1,792

12,232

32,108

46,132

Additions

-

12,150

1,347

13,497

At 31 March 2025

1,792

24,382

33,455

59,629

DEPRECIATION

At 1 April 2024

1,569

6,179

28,900

36,648

Charge for year

179

1,514

1,364

3,057

At 31 March 2025

1,748

7,693

30,264

39,705

NET BOOK VALUE

At 31 March 2025

44

16,689

3,191

19,924

At 31 March 2024

223

6,053

3,208

9,484

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

14,384

13,865

Other debtors

7,846

8,634

22,230

22,499

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

32,895

19,253

Taxation and social security

10,654

11,998

Other creditors

14,580

37,806

58,129

69,057

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

60,000

-

Between one and five years

200,000

-

260,000

-

8.	RELATED PARTY DISCLOSURES

The total levies receivable from members for the period was £120,000 (2024 - £120,000). The two members during the period were Ecobat Resources UK Limited and Calder Industrial Materials Limited.

9.	LIMITED BY GUARANTEE

The company is a private company limited by guarantee without share capital. In the event of a winding up action, the liability of the members is limited to an amount not exceeding £10.