Leading Management Services Ltd

Registered number

09264476

Filleted Accounts

31 March 2025

Leading Management Services Ltd
Registered number:		09264476
Balance Sheet
as at 31 March 2025

Notes			2025			2023
£				£
Fixed assets
Tangible assets	3		-			40,446

Current assets
Debtors	4	744,899			1,685,063
Cash at bank and in hand		976,673			370,753
		1,721,572			2,055,816

Creditors: amounts falling due within one year	5	(756,887)			(519,617)

Net current assets			964,685			1,536,199

Total assets less current liabilities			964,685			1,576,645

Provisions for liabilities			(10,000)			(10,000)

Net assets			954,685			1,566,645

Capital and reserves
Called up share capital			100			100
Profit and loss account			954,585			1,566,545

Shareholder's funds			954,685			1,566,645


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.




M Newton
Director
Approved by the board on 23 December 2025

Leading Management Services Ltd
Notes to the Accounts
for the period from 1 November 2023 to 31 March 2025


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			over 4 years
	Motor Vehicles			25% reducing balance

	During the year the depreciation policy was changed to be in line with the rest of the group.

	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.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	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.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2023
Number							Number

	Average number of persons employed by the company					25		25

















3	Tangible fixed assets	Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 November 2023	4,971		30,829		51,113		86,913
	Disposals	(4,971)		(30,829)		(51,113)		(86,913)
	At 31 March 2025	-		-		-		-

	Depreciation
	At 1 November 2023	-		16,917		29,550		46,467
	On disposals	-		(16,917)		(29,550)		(46,467)
	At 31 March 2025	-		-		-		-

	Net book value
	At 31 March 2025	-		-		-		-
	At 31 October 2023	4,971		13,912		21,563		40,446


4	Debtors					2025		2023
£							£

	Trade debtors					82,219		710,277
	Due from group undertakings					373,699		-
	Prepayments					16,128		23,628
	Accrued income					272,853		-
	Other debtors					-		951,158
						744,899		1,685,063


5	Creditors: amounts falling due within one year					2025		2023
£							£

	Trade creditors					72,371		80,128
	Due to group undertakings					117,982		-
	Corporation tax					329,983		167,833
	Taxation and social security costs					146,949		227,458
	Accruals					83,192		18,047
	Other creditors					6,089		26,151
	Directors loan account					321		-
						756,887		519,617

6	Other information

	Leading Management Services Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	167-169 Great Portland Street
	5th Floor
	London
	W1W 5PF