REGISTERED NUMBER: 02473288 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Applied Leasing Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs C Joyce

Ms L A Joyce

SECRETARY:

Mrs C Joyce

REGISTERED OFFICE:

Suite 4 - 07

Grosvenor House

Central Park

Telford

Shropshire

TF2 9TW

REGISTERED NUMBER:

02473288 (England and Wales)

ACCOUNTANTS:

Tranter Lowe (Oakengates) Limited

Chartered Accountants

International House

6 Market Street

Oakengates

Telford

Shropshire

TF2 6EF

FIXED ASSETS

Tangible assets

4

15,439

20,706

CURRENT ASSETS

Debtors

5

106,412

86,862

Cash at bank

112,261

161,874

218,673

248,736

CREDITORS

Amounts falling due within one year

6

125,459

161,771

NET CURRENT ASSETS

93,214

86,965

TOTAL ASSETS LESS CURRENT LIABILITIES

108,653

107,671

CREDITORS

Amounts falling due after more than one year

7

25,496

38,256

NET ASSETS

83,157

69,415

CAPITAL AND RESERVES

Called up share capital

8

1,054

1,054

Share premium

29,949

29,949

Retained earnings

52,154

38,412

SHAREHOLDERS' FUNDS

83,157

69,415

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 November 2025 and were signed on its behalf by:

Ms L A Joyce - Director

1.	STATUTORY INFORMATION

Applied Leasing Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Computer and office equipment

-

50% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Computer

Fixtures

and

and

Motor

office

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

and 31 March 2025

256

26,918

1,091

28,265

DEPRECIATION

At 1 April 2024

143

6,729

687

7,559

Charge for year

17

5,048

202

5,267

At 31 March 2025

160

11,777

889

12,826

NET BOOK VALUE

At 31 March 2025

96

15,141

202

15,439

At 31 March 2024

113

20,189

404

20,706

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

94,110

78,474

Prepayments

12,302

8,388

106,412

86,862

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other loans

10,000

10,000

Hire purchase contracts

2,759

2,759

Trade creditors

3,140

1,834

Tax

4,554

3,540

Social security and other taxes

30,206

25,414

Other creditors

230

945

Deposit account-all clients

61,750

96,612

Accrued expenses

12,820

20,667

125,459

161,771

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Other loans - 1-2 years

6,664

10,000

Other loans - 2-5 years

-

6,666

Hire purchase contracts

18,832

21,590

25,496

38,256

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

1,034

Ordinary

1.00

1,034

1,034

10

Preference A

1.00

10

10

10

Preference B

1.00

10

10

1,054

1,054