Company Registration No. 11298781 (England and Wales)
Leaflife Ltd
Unaudited accounts
for the year ended 31 December 2025
Leaflife Ltd
Unaudited accounts
Contents
Leaflife Ltd
Company Information
for the year ended 31 December 2025
Directors
Houman Ashrafzadeh
Ioannis Drivas
Rushil Ramjee
Company Number
11298781 (England and Wales)
Registered Office
c/o Gains Accountants
Plexal, 14 East Bay Lane
Queen Elizabeth Olympic Park
E20 3BS
Accountants
Gains Accountants
Queen Elizabeth Olympic Park
Plexal, 14 East Bay Lane
London
E20 3BS
Leaflife Ltd
Statement of financial position
as at 31 December 2025
Tangible assets
1,780,835
1,495,969
Cash at bank and in hand
325,926
126,653
Creditors: amounts falling due within one year
(1,449,021)
(964,260)
Net current liabilities
(571,886)
(446,394)
Total assets less current liabilities
1,208,949
1,049,575
Creditors: amounts falling due after more than one year
(1,462,609)
(1,161,570)
Net liabilities
(253,660)
(111,995)
Called up share capital
102
100
Profit and loss account
(473,722)
(112,095)
Shareholders' funds
(253,660)
(111,995)
For the year ending 31 December 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 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 of Directors and authorised for issue on 23 September 2026 and were signed on its behalf by
Rushil Ramjee
Director
Company Registration No. 11298781
Leaflife Ltd
Notes to the Accounts
for the year ended 31 December 2025
Leaflife Ltd is a private company, limited by shares, registered in England and Wales, registration number 11298781. The registered office is c/o Gains Accountants, Plexal, 14 East Bay Lane, Queen Elizabeth Olympic Park, E20 3BS.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Plant & machinery
50% on Straight line basis
Fixtures & fittings
10% on Straight line basis
Computer equipment
25% on Straight line basis
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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 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.
Leaflife Ltd
Notes to the Accounts
for the year ended 31 December 2025
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2025
96,022
1,889,481
59,561
2,045,064
Additions
7,510
555,176
4,297
566,983
At 31 December 2025
103,532
2,444,657
63,858
2,612,047
At 1 January 2025
60,445
466,592
22,058
549,095
Charge for the year
32,390
235,333
14,394
282,117
At 31 December 2025
92,835
701,925
36,452
831,212
At 31 December 2025
10,697
1,742,732
27,406
1,780,835
At 31 December 2024
35,577
1,422,889
37,503
1,495,969
Amounts falling due within one year
Trade debtors
55,691
36,412
Accrued income and prepayments
207,560
108,166
Amounts falling due after more than one year
Other debtors
235,000
202,500
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
67,789
-
Trade creditors
659,988
184,924
Taxes and social security
28,315
17,436
Loans from directors
496,484
528,309
Deferred income
65,758
49,762
Leaflife Ltd
Notes to the Accounts
for the year ended 31 December 2025
7
Creditors: amounts falling due after more than one year
2025
2024
Other creditors
798,599
749,599
Deferred income
483,938
394,648
Allotted, called up and fully paid:
100,000 Ordinary shares of £0.001 each
100.00
100.00
1,833 B ordinary shares of £0.001 each
1.83
-
Shares issued during the period:
1,833 B ordinary shares of £0.001 each
1.83
9
Operating lease commitments
2025
2024
At 31 December 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
438,124
366,541
Later than one year and not later than five years
1,631,572
1,437,747
Later than five years
1,480,260
1,306,481
At the financial year-end, the company owes £496,484 to the directors (FY 2024: £528,309).
11
Average number of employees
During the year the average number of employees was 56 (2024: 55).