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Company Registration No. 10120587 (England and Wales)
Complete Leasing Limited Unaudited accounts for the year ended 30 April 2023
Complete Leasing Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Complete Leasing Limited Company Information for the year ended 30 April 2023
Director
F Harrold
Company Number
10120587 (England and Wales)
Registered Office
3 Axis Court Mallard Way Swansea SA7 0AJ Wales
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Complete Leasing Limited Statement of financial position as at 30 April 2023
2023
2022
Notes
£
£
Fixed assets
Tangible assets
4
36,984
49,312
Current assets
Cash at bank and in hand
9
6
Creditors: amounts falling due within one year
5
(174,360)
(128,356)
Net current liabilities
(174,351)
(128,350)
Net liabilities
(137,367)
(79,038)
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss account
(138,367)
(80,038)
Shareholders' funds
(137,367)
(79,038)
For the year ending 30 April 2023 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 director acknowledges his 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 and authorised for issue on 3 March 2026 and were signed on its behalf by
F Harrold Director Company Registration No. 10120587
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Complete Leasing Limited Notes to the Accounts for the year ended 30 April 2023
1
Statutory information
Complete Leasing Limited is a private company, limited by shares, registered in England and Wales, registration number 10120587. The registered office is 3 Axis Court, Mallard Way, Swansea, SA7 0AJ, Wales.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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:
Motor vehicles
25% Reducing Balance
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Deferred taxation
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.
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Complete Leasing Limited Notes to the Accounts for the year ended 30 April 2023
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
4
Tangible fixed assets
Motor vehicles
£
Cost or valuation
At cost
At 1 May 2022
65,750
At 30 April 2023
65,750
Depreciation
At 1 May 2022
16,438
Charge for the year
12,328
At 30 April 2023
28,766
Net book value
At 30 April 2023
36,984
At 30 April 2022
49,312
5
Creditors: amounts falling due within one year
2023
2022
£
£
VAT
(17,783)
(8,743)
Trade creditors
93,800
-
Other creditors
96,093
135,599
Accruals
2,250
1,500
174,360
128,356
6
Average number of employees
During the year the average number of employees was 0 (2022: 2).
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