Company Registration No. 10572586 (England and Wales)
Lead5050 Ltd
Unaudited accounts
for the year ended 31 March 2025
Lead5050 Ltd
Unaudited accounts
Contents
Lead5050 Ltd
Company Information
for the year ended 31 March 2025
Directors
Ella Louise Tyler
Farhan Quraishi
Leanne Alexandra Linacre
Jago Alexander Brown
Company Number
10572586 (England and Wales)
Registered Office
21 Oakland Road
Liverpool
Merseyside
L19 9DU
England
Accountants
Griffin and Sage Limited
172 Park Road
Peterborough
PE1 2UF
Lead5050 Ltd
Statement of financial position
as at 31 March 2025
Intangible assets
-
21,299
Cash at bank and in hand
29,213
21,859
Creditors: amounts falling due within one year
(4,819)
(6,848)
Net current assets
59,494
49,813
Total assets less current liabilities
59,930
72,050
Creditors: amounts falling due after more than one year
(5,001)
(5,941)
Called up share capital
3
3
Share premium
150,000
150,000
Profit and loss account
(95,074)
(83,894)
Shareholders' funds
54,929
66,109
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 December 2025 and were signed on its behalf by
Ella Louise Tyler
Director
Company Registration No. 10572586
Lead5050 Ltd
Notes to the Accounts
for the year ended 31 March 2025
Lead5050 Ltd is a private company, limited by shares, registered in England and Wales, registration number 10572586. The registered office is 21 Oakland Road, Liverpool, Merseyside, L19 9DU, England.
2
Compliance with accounting standards
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
3 years
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Lead5050 Ltd
Notes to the Accounts
for the year ended 31 March 2025
4
Intangible fixed assets
Other
Charge for the year
21,299
5
Tangible fixed assets
Computer equipment
Amounts falling due within one year
Trade debtors
14,295
11,250
Deferred tax asset
18,979
21,726
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
1,200
1,667
Taxes and social security
173
1,044
Loans from directors
2,528
1,838
Lead5050 Ltd
Notes to the Accounts
for the year ended 31 March 2025
8
Creditors: amounts falling due after more than one year
2025
2024
9
Average number of employees
During the year the average number of employees was 2 (2024: 2).