REGISTERED NUMBER: 03018367 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

Leading Edge I T Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr C I Edge

Mr I S Chotakoo

Mr C P Tabb

REGISTERED OFFICE:

Units SCF 1 & 2

Western International Market

Hayes Road

Southall

Middlesex

UB2 5XJ

REGISTERED NUMBER:

03018367 (England and Wales)

ACCOUNTANTS:

Cooper Dawn Jerrom Limited

Chartered Accountants

Units SCF 1 & 2

Western International Market

Hayes Road

Southall

Middlesex

UB2 5XJ

FIXED ASSETS

Property, plant and equipment

4

5,623

16,551

CURRENT ASSETS

Debtors

5

1,309,122

1,978,668

Cash at bank

207,655

1,031,305

1,516,777

3,009,973

CREDITORS

Amounts falling due within one year

6

(1,224,116

)

(2,502,745

)

NET CURRENT ASSETS

292,661

507,228

TOTAL ASSETS LESS CURRENT LIABILITIES

298,284

523,779

CAPITAL AND RESERVES

Called up share capital

6

6

Retained earnings

298,278

523,773

SHAREHOLDERS' FUNDS

298,284

523,779

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 December 2025 and were signed on its behalf by:

Mr I S Chotakoo - Director

1.	STATUTORY INFORMATION

Leading Edge I T Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Computer equipment

-

33% on cost

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 16 (2024 - 21 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Computer

equipment

£

COST

At 1 April 2024

and 31 March 2025

37,397

DEPRECIATION

At 1 April 2024

20,846

Charge for year

10,928

At 31 March 2025

31,774

NET BOOK VALUE

At 31 March 2025

5,623

At 31 March 2024

16,551

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

1,200,191

1,429,560

Other debtors

108,931

549,108

1,309,122

1,978,668

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

964,343

2,028,574

Taxation and social security

122,901

141,453

Other creditors

136,872

332,718

1,224,116

2,502,745

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

Mr I S Chotakoo

Balance outstanding at start of year

-

30,000

Amounts repaid

-

(30,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

Mr C P Tabb

Balance outstanding at start of year

-

55,000

Amounts repaid

-

(55,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

8.	RELATED PARTY DISCLOSURES

At the year end, Leading Edge IT Ireland and Leading Edge IT LLC owed Leading Edge IT Limited £nil (2024:£453,572) and £251,475 (2024:£245,862), respectively.

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party are the directors by virtue of their shareholdings.