COMPANY REGISTRATION NUMBER:
12975402
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Filleted Unaudited Financial Statements |
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Period from 1 November 2023 to 31 March 2025
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Chartered accountants report to the board of directors on the preparation of the unaudited statutory financial statements |
1 |
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Statement of financial position |
2 |
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Notes to the financial statements |
3 |
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Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of
LEAP FACTORY UK LTD |
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Period from 1 November 2023 to 31 March 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of LEAP FACTORY UK LTD for the period ended 31 March 2025, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at www.icas.com/accountspreparationguidance. This report is made solely to the Board of Directors of LEAP FACTORY UK LTD, as a body. Our work has been undertaken solely to prepare for your approval the financial statements of LEAP FACTORY UK LTD and state those matters that we have agreed to state to you, as a body, in this report in accordance with the requirements of ICAS as detailed at www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than LEAP FACTORY UK LTD and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that LEAP FACTORY UK LTD has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of LEAP FACTORY UK LTD. You consider that LEAP FACTORY UK LTD is exempt from the statutory audit requirement for the period. We have not been instructed to carry out an audit or a review of the financial statements of LEAP FACTORY UK LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
GILLILAND & COMPANY
Chartered Accountants
216 West George Street
Glasgow
G2 2PQ
16 December 2025
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Statement of Financial Position |
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31 March 2025
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31 Mar 25 |
31 Oct 23 |
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Note |
£ |
£ |
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Current assets
|
Work in Progress |
– |
15,002 |
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Debtors |
4 |
69 |
100 |
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---- |
-------- |
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69 |
15,102 |
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Creditors: amounts falling due within one year |
5 |
18,937 |
15,002 |
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-------- |
-------- |
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Net current (liabilities)/assets |
(
18,868) |
100 |
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-------- |
---- |
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Total assets less current liabilities |
(
18,868) |
100 |
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-------- |
---- |
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|
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Capital and reserves
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Called up share capital |
100 |
100 |
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Profit and loss account |
(
18,968) |
– |
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-------- |
---- |
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Shareholders (deficit)/funds |
(
18,868) |
100 |
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-------- |
---- |
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These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the period ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476
;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
16 December 2025
, and are signed on behalf of the board by:
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Mr Kenneth Malcolm Tod |
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Director |
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Company registration number:
12975402
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Notes to the Financial Statements |
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Period from 1 November 2023 to 31 March 2025
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 34 Denby Buildings, Regent Grove, Leamington Spa, CV32 4NY, England.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change of value.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
4.
Debtors
|
31 Mar 25 |
31 Oct 23 |
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£ |
£ |
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Other debtors |
69 |
100 |
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---- |
---- |
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5.
Creditors:
amounts falling due within one year
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31 Mar 25 |
31 Oct 23 |
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£ |
£ |
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Director loan accounts |
18,937 |
15,002 |
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-------- |
-------- |
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6.
Directors' advances, credits and guarantees
As at 31 March 2025 the company owed T Valdar £1,098 (2023: £1,098). As at 31 March 2025 the company owed K Tod £17,839 (2023: £13,904). The loans are interest unsecured, interest free and has no fixed date of repayment.