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Registered number: 06574342
Lead Technologies (Europe) Limited
Unaudited Financial Statements
For the Period 1 January 2025 to 30 April 2025
Lead Technologies (Europe) Limited
Contents
Contents

| Page
--- | ---
Statement of Financial Position | 1—2
Notes to the Financial Statements | 3—7

Page 1
Lead Technologies (Europe) Limited
Statement of Financial Position
As At 30 April 2025
Statement of Financial Position
Registered number: 06574342

| 30 April 2025 | 31 December 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Intangible Assets | 4 |  | 44,502 |  | 49,547
Tangible Assets | 5 |  | 83,275 |  | 92,289
|  |  | 127,777 |  | 141,836
CURRENT ASSETS
Debtors | 6 | 854,706 |  | 564,404 |
Cash at bank and in hand |  | 9,962 |  | 51,512 |
|  | 864,668 |  | 615,916 |
Creditors: Amounts Falling Due Within One Year | 7 | (1,107,713 ) |  | (758,064 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (243,045 ) |  | (142,148 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | (115,268 ) |  | (312 )
Creditors: Amounts Falling Due After More Than One Year | 8 |  | - |  | (85,726 )
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (9,086 ) |  | (14,798 )
NET LIABILITIES |  |  | (124,354 ) |  | (100,836 )
CAPITAL AND RESERVES
Called up share capital | 10 |  | 5,000 |  | 5,000
Income Statement |  |  | (129,354 ) |  | (105,836 )
SHAREHOLDERS' FUNDS |  |  | (124,354) |  | (100,836)

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Lead Technologies (Europe) Limited
Statement of Financial Position (continued)
As At 30 April 2025
For the period ending 30 April 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board

Mr Paul Walsh Director
20 March 2026

The notes on pages 3 to 7 form part of these financial statements.
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Lead Technologies (Europe) Limited
Notes to the Financial Statements
For the Period 1 January 2025 to 30 April 2025
Notes to the Financial Statements
1. General Information
Lead Technologies (Europe) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06574342 . The registered office is Unit 14 Pool Business Park Pool Road, Pool In Wharfedale, Leeds, West Yorkshire, LS21 1FD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
When preparing the financial statements, the directors have made an assessment of the company's ability to continue as a going concern. The company is considered a going concern as the directors have no intention to liquidate the company or to cease trading. In assessing whether the going concern assumption is appropriate, the directors have taken into account all available information about the future, which is at least, but is not limited to, twelve months from the date when the financial statements are authorised for issue. The parent company has made a commitment to the success of the company, including allotting additional shares to support the company following the balance sheet date. Therefore the directors still believe it is appropriate to prepare the accounts on a going concern basis.
2.3. 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 is reduced for estimated customer returns, rebates and other similar allowances.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets relate to the design and development of income generating websites, and are measured at cost less accumulated amortisation. Amortisation is charged to the income statement over the assets' estimated economic life of 5 years.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles | 25% on reducing balance
Fixtures & Fittings | 25% on reducing balance
Computer Equipment | 25% on reducing balance

2.6. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the income statement as incurred.
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Lead Technologies (Europe) Limited
Notes to the Financial Statements (continued)
For the Period 1 January 2025 to 30 April 2025
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 40 (2024: 43)
40 43
4. Intangible Assets

| Other
--- | ---
| £
Cost
As at 1 January 2025 | 75,668
As at 30 April 2025 | 75,668
Amortisation
As at 1 January 2025 | 26,121
Provided during the period | 5,045
As at 30 April 2025 | 31,166
Net Book Value
As at 30 April 2025 | 44,502
As at 1 January 2025 | 49,547

5. Tangible Assets

| Motor Vehicles | Fixtures & Fittings | Computer Equipment | Total
--- | --- | --- | --- | ---
| £ | £ | £ | £
Cost
As at 1 January 2025 | 140,888 | 112,564 | 47,406 | 300,858
As at 30 April 2025 | 140,888 | 112,564 | 47,406 | 300,858

...CONTINUED
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Lead Technologies (Europe) Limited
Notes to the Financial Statements (continued)
For the Period 1 January 2025 to 30 April 2025

Depreciation
As at 1 January 2025 | 83,651 | 99,690 | 25,228 | 208,569
Provided during the period | 6,093 | 1,073 | 1,848 | 9,014
As at 30 April 2025 | 89,744 | 100,763 | 27,076 | 217,583
Net Book Value
As at 30 April 2025 | 51,144 | 11,801 | 20,330 | 83,275
As at 1 January 2025 | 57,237 | 12,874 | 22,178 | 92,289

6. Debtors

| 30 April 2025 |  | 31 December 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 391,608 |  | 226,444
Other debtors | 463,098 |  | 63,016
| 854,706 |  | 289,460
Due after more than one year
Other debtors | - |  | 274,944
| 854,706 |  | 564,404

7. Creditors: Amounts Falling Due Within One Year

| 30 April 2025 |  | 31 December 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 79,585 |  | 15,638
Trade creditors | 495,609 |  | 341,415
Bank loans and overdrafts | 171,475 |  | 170,427
Other creditors | 101,011 |  | 76,246
Taxation and social security | 260,033 |  | 154,338
| 1,107,713 |  | 758,064

8. Creditors: Amounts Falling Due After More Than One Year

| 30 April 2025 |  | 31 December 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | - |  | 66,985
Bank loans | - |  | 18,741
| - |  | 85,726

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Lead Technologies (Europe) Limited
Notes to the Financial Statements (continued)
For the Period 1 January 2025 to 30 April 2025
9. Obligations Under Finance Leases and Hire Purchase

| 30 April 2025 |  | 31 December 2024
--- | --- | --- | ---
| £ |  | £
The future minimum finance lease payments are as follows:
Not later than one year | 79,585 |  | 15,638
Later than one year and not later than five years | - |  | 66,985
| 79,585 |  | 82,623
| 79,585 |  | 82,623

10. Share Capital

| 30 April 2025 |  | 31 December 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 5,000 |  | 5,000

11. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:

| 30 April 2025 |  | 31 December 2024
--- | --- | --- | ---
| £ |  | £
Not later than one year | 131,475 |  | 131,474
Later than one year and not later than five years | 21,913 |  | 54,781
| 153,388 |  | 186,255

12. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
Director 1
At start of period - £98,681
Amounts advanced - £44,276
Amounts repaid - (£27,258)
At end of period - £115,699
Director 2
At start of period - £71,142
Amounts advanced - £26,038
Amounts repaid - (£5,320)
At end of period - £91,860
Director 3
At start of period - £105,121
Amounts advanced - £40,750
Amounts repaid - (£3,371)
At end of period - £142,500
The above loan is unsecured, interest free and repayable on demand.
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Lead Technologies (Europe) Limited
Notes to the Financial Statements (continued)
For the Period 1 January 2025 to 30 April 2025
13. Post Balance Sheet Events
On 30th June 2025, 200,000 ordinary shares at a nominal value of £1 each were allotted and fully paid up.
On 30 September 2025, an additional 270,000 ordinary shares at a nominal value of £1 each were allotted and fully paid up.
On 31st October 2025, an additional 150,000 ordinary shares at a nominal value of £1 each were allotted and fully paid up.
On 18th December 2025, an additional 150,000 ordinary shares at a nominal value of £1 each were allotted and fully paid up.
14. Ultimate Parent Undertaking and Controlling Party
The company's immediate parent undertaking is AFH WM Holdings Limited, by virtue of its ownership of 100% of the issued share capital in the company. AFH WM Holdings Limited is incorporated in the Cayman Islands. The ultimate controlling party is Cortina TopCo Limited, a company incorporated in the Cayman Islands.
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