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Registration number: 12300927

Leadable Limited Unaudited Financial Statements for the Year Ended 31 March 2025
Brebners Chartered Accountants 1 Suffolk Way Sevenoaks Kent TN13 1YL

Leadable Limited

Statement of Financial Position as at 31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Intangible assets | 4 | 2,309 | 2,664
Tangible assets | 5 | 1,957 | 2,320
|  | 4,266 | 4,984
Current assets |  |  |
Debtors | 6 | 27,901 | 71,804
Cash at bank and in hand |  | 43,301 | 59,606
|  | 71,202 | 131,410
Creditors: Amounts falling due within one year | 7 | (5,999) | (18,425)
Net current assets |  | 65,203 | 112,985
Net assets |  | 69,469 | 117,969
Capital and reserves |  |  |
Called up share capital |  | 1 | 1
Retained earnings |  | 69,468 | 117,968
Shareholders' funds |  | 69,469 | 117,969

For the financial 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.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

The director of Leadable Limited has elected not to include a copy of the Income Statement within the financial statements, in accordance with the special provisions relating to companies subject to the small companies regime within the Companies Act 2006, s444.

Leadable Limited

Statement of Financial Position as at 31 March 2025

Approved and authorised by the director on 19 March 2026

.........................................

C Boyce

Director

Company registration number: 12300927

Leadable Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
130 Shaftesbury Avenue
London
W1D 5EU

The principal activity of the company is that of the provision of recruitment services.

2 | Accounting policies

Statement of compliance

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' Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Going concern

The company made a loss for the year ended 31 March 2025 but had net assets amounting to £69,469 including cash at bank of £43,301 at that date.
Subsequent to the year end, the company has returned to trading profitably and the director does not believe the current economic conditions will have a significant impact on the company.
After making enquiries and taking into account the above, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the director continues to adopt the going concern basis in preparing the financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities. Turnover is shown net of value added tax.
The company recognises revenue from permanent recruitment upon the date the candidate commences employment and from temporary positions over the period the services are provided.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Leadable Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Intangible assets

Separately acquired trademarks and licences are shown at historical cost.
Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Trademarks | 10 years straight line

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Office equipment | 25% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3 | Staff numbers

The average number of persons employed by the company during the year, was 1 (2024 - 2).

Leadable Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4 | Intangible assets

| Trademarks £ | Total £
Cost or valuation
At 1 April 2024 | 3,541 | 3,541
At 31 March 2025 | 3,541 | 3,541
Amortisation
At 1 April 2024 | 877 | 877
Amortisation charge | 355 | 355
At 31 March 2025 | 1,232 | 1,232
Carrying amount
At 31 March 2025 | 2,309 | 2,309
At 31 March 2024 | 2,664 | 2,664

5 | Tangible assets

| Office equipment £ | Total £
Cost or valuation
At 1 April 2024 | 3,239 | 3,239
Additions | 499 | 499
At 31 March 2025 | 3,738 | 3,738
Depreciation
At 1 April 2024 | 919 | 919
Charge for the year | 862 | 862
At 31 March 2025 | 1,781 | 1,781
Carrying amount
At 31 March 2025 | 1,957 | 1,957
At 31 March 2024 | 2,320 | 2,320

Leadable Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6 | Debtors

| 2025 £ | 2024 £
Trade debtors | - | 21,128
Other debtors | 27,901 | 50,676
| 27,901 | 71,804

7 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Taxation and social security | 69 | 75
Accruals and deferred income | 5,930 | 18,350
| 5,999 | 18,425

8 | Transactions with directors

At 31 March 2025, an amount of £24,092 (2024: £23,542) was due from the director. During the year, there were advances of £42,108 and repayments of £42,312. Interest of £754 (2024: £531) is payable to the company at 2.25% per annum. There are no agreed terms in place.