Registration number: 04583047

Leads Direct Ltd

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 9

Leads Direct Ltd

Company Information

Directors

Mr Christopher Nevil Bray Mr Oliver Drake

Registered office

48 Chichester Road Seaford BN25 2DL

Accountants

Shoreline Accountants Ltd 25 Clinton Place Seaford East Sussex BN25 1NP

Leads Direct Ltd

(Registration number: 04583047)
Balance Sheet as at 31 October 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	40,594	47,937
Current assets
Stocks	6	258,855	364,892
Debtors	7	117,050	143,269
Cash at bank and in hand		535,851	434,226
		911,756	942,387
Creditors: Amounts falling due within one year	8	(342,548)	(242,212)
Net current assets		569,208	700,175
Total assets less current liabilities		609,802	748,112
Provisions for liabilities		(528)	(528)
Net assets		609,274	747,584
Capital and reserves
Called up share capital	9	100	100
Revaluation reserve		-	648,952
Retained earnings		609,174	98,532
Shareholders' funds		609,274	747,584

For the financial year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 20 July 2026 and signed on its behalf by:
 

Leads Direct Ltd

(Registration number: 04583047)
Balance Sheet as at 31 October 2025

......................................... Mr Christopher Nevil Bray Director

Leads Direct Ltd

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

1	General information

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

The address of its registered office is:
48 Chichester Road
Seaford
BN25 2DL

These financial statements were authorised for issue by the Board on 20 July 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

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.

Statement of compliance

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

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

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.

Leads Direct Ltd

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

Tangible assets

Tangible assets are stated in the balance sheet 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, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures and Fittings	25%
Computer Equipment	50%

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined with Average Costing.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Leads Direct Ltd

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

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 9 (2024 - 6).

Leads Direct Ltd

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

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 November 2024	20,000	20,000
At 31 October 2025	20,000	20,000
Amortisation
At 1 November 2024	20,000	20,000
At 31 October 2025	20,000	20,000
Carrying amount
At 31 October 2025	-	-

The aggregate amount of research and development expenditure recognised as an expense during the period is £111 (2024 - £152).
 

Leads Direct Ltd

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

5	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 November 2024	86,383	86,383
Additions	4,837	4,837
At 31 October 2025	91,220	91,220
Depreciation
At 1 November 2024	37,830	37,830
Charge for the year	12,796	12,796
At 31 October 2025	50,626	50,626
Carrying amount
At 31 October 2025	40,594	40,594
At 31 October 2024	47,937	47,937

6

Stocks

	2025 £	2024 £
Other inventories	258,855	364,892

7

Debtors

Current	Note	2025 £	2024 £
Trade debtors		112,956	125,108
Amounts owed by related parties		127	142
Prepayments		1,000	1,000
Other debtors		2,967	17,019
		117,050	143,269

8

Creditors

Creditors: amounts falling due within one year

Leads Direct Ltd

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

	2025 £	2024 £
Due within one year
Trade creditors	(99,263)	(63,590)
Taxation and social security	134,305	33,296
Accruals and deferred income	500	500
Other creditors	307,006	272,006
	342,548	242,212

9	Share capital

10

Reserves

The changes to each component of equity resulting from items of other comprehensive income for the prior year were as follows:

11

Dividends

		2025		2024
		£		£
Interim dividend of £350.00 (2024 - £350.00) per ordinary share		35,000		35,000