Leaf Development Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08511956 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2019

for

LEAF DEVELOPMENT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr L A Farmer

Mrs K M Farmer

REGISTERED OFFICE:

5 Cefn Onn Meadows

Lisvane

Cardiff

South Glamorgan

CF14 0FL

REGISTERED NUMBER:

08511956 (England and Wales)

ACCOUNTANTS:

EST Accountants Ltd

Henstaff Court

Llantrisant Road

Groesfaen

Cardiff

CF72 8NG

FIXED ASSETS

Tangible assets

5

14,104

19,899

CURRENT ASSETS

Debtors

6

441

10,890

Cash at bank

42,111

21,507

42,552

32,397

CREDITORS

Amounts falling due within one year

7

31,404

27,778

NET CURRENT ASSETS

11,148

4,619

TOTAL ASSETS LESS CURRENT LIABILITIES

25,252

24,518

CREDITORS

Amounts falling due after more than one year

8

(6,996

)

(11,857

)

PROVISIONS FOR LIABILITIES

-

(295

)

NET ASSETS

18,256

12,366

CAPITAL AND RESERVES

Called up share capital

10

2

2

Retained earnings

18,254

12,364

SHAREHOLDERS' FUNDS

18,256

12,366

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 19 December 2019 and were signed on its behalf by:

Mr L A Farmer - Director

Mrs K M Farmer - Director

1.	STATUTORY INFORMATION

Leaf Development Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

Plant and machinery etc

-

25% on reducing balance and 20% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 2 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2018

31,001

Additions

409

At 31 March 2019

31,410

DEPRECIATION

At 1 April 2018

11,102

Charge for year

6,204

At 31 March 2019

17,306

NET BOOK VALUE

At 31 March 2019

14,104

At 31 March 2018

19,899

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade debtors

-

10,890

Other debtors

441

-

441

10,890

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Hire purchase contracts

5,749

5,748

Trade creditors

522

512

Taxation and social security

22,717

16,327

Other creditors

2,416

5,191

31,404

27,778

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.19

31.3.18

£

£

Hire purchase contracts

6,996

11,857

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.19

31.3.18

£

£

Hire purchase contracts

12,745

17,605

HP creditor is secured on the asset to which it relates.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.19

31.3.18

value:

£

£

2

Ordinary Shares

1

2

2