North Leeds Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 08189809

NORTH LEEDS LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

27 August 2024

NORTH LEEDS LIMITED

STATEMENT OF FINANCIAL POSITION

27 August 2024

	27 Aug 24		29 Aug 23
Note	£	£	£	£

FIXED ASSETS

Intangible assets	5	60,500	66,000
Tangible assets	6	9,904	11,093
		--------	--------
		70,404	77,093

CURRENT ASSETS

Debtors	7	70,899	63,265
Cash at bank and in hand		2,262	27,678
		--------	--------
		73,161	90,943

CREDITORS: amounts falling due within one year	8	( 111,542)		( 73,131)
		---------		--------
NET CURRENT (LIABILITIES)/ASSETS			( 38,381)		17,812
			--------		--------
TOTAL ASSETS LESS CURRENT LIABILITIES			32,023		94,905

CREDITORS: amounts falling due after more than one year	9		( 7,960)		( 18,053)

PROVISIONS

Taxation including deferred tax	( 382)	( 529)
	--------	--------
NET ASSETS	23,681	76,323
	--------	--------

CAPITAL AND RESERVES

Called up share capital	100	100
Profit and loss account	23,581	76,223
	--------	--------
SHAREHOLDERS FUNDS	23,681	76,323
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the period ending 27 August 2024 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 financial statements for the period in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

NORTH LEEDS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

27 August 2024

These financial statements were approved by the board of directors and authorised for issue on 4 August 2026 , and are signed on behalf of the board by:

O J Berson
Director

Company registration number: 08189809

NORTH LEEDS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

PERIOD FROM 30 AUGUST 2023 TO 27 AUGUST 2024

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 69 Street Lane, Leeds, LS8 2AL, West Yorkshire.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover comprises revenue recognised by the company in respect of services supplied during the year, exclusive of Value Added Tax.

Income tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	5% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Long leasehold property	-	5% straight line
Fixtures & Fittings	-	15% reducing balance
Computer Equipment	-	33% straight line

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at transaction price and thereafter at fair value with changes recognised in profit and loss. The company holds the following financial assets and liabilities: Cash, Short-term trade and other debtors, and creditors. Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account before operating profit.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the period amounted to 8 (2023: 7 ).

5. INTANGIBLE ASSETS

	Goodwill
	£
Cost
At 30 August 2023 and 27 August 2024	110,000
	---------
Amortisation
At 30 August 2023	44,000
Charge for the period	5,500
	---------
At 27 August 2024	49,500
	---------
Carrying amount
At 27 August 2024	60,500
	---------
At 29 August 2023	66,000
	---------

6. TANGIBLE ASSETS

	Leasehold improvements	Fixtures and fittings	Equipment	Total
	£	£	£	£
Cost
At 30 August 2023	16,644	10,659	8,337	35,640
Disposals	–	–	( 7,075)	( 7,075)
	--------	--------	-------	--------
At 27 August 2024	16,644	10,659	1,262	28,565
	--------	--------	-------	--------
Depreciation
At 30 August 2023	8,335	8,295	7,917	24,547
Charge for the period	415	354	421	1,190
Disposals	–	–	( 7,076)	( 7,076)
	--------	--------	-------	--------
At 27 August 2024	8,750	8,649	1,262	18,661
	--------	--------	-------	--------
Carrying amount
At 27 August 2024	7,894	2,010	–	9,904
	--------	--------	-------	--------
At 29 August 2023	8,309	2,364	420	11,093
	--------	--------	-------	--------

7. DEBTORS

	27 Aug 24	29 Aug 23
	£	£
Trade debtors	41,647	31,391
Other debtors	29,252	31,874
	--------	--------
	70,899	63,265
	--------	--------

8. CREDITORS: amounts falling due within one year

	27 Aug 24	29 Aug 23
	£	£
Bank loans and overdrafts	12,149	12,322
Trade creditors	13,792	11,802
Corporation tax	3,027	–
Social security and other taxes	72,502	39,120
Other creditors	10,072	9,887
	---------	--------
	111,542	73,131
	---------	--------

9. CREDITORS: amounts falling due after more than one year

	27 Aug 24	29 Aug 23
	£	£
Bank loans and overdrafts	7,960	18,053
	-------	--------