Leaseguard Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03715122 (England and Wales)

Financial Statements

for the Year Ended 30 April 2019

for

Leaseguard Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

M M Scott

SECRETARY:

M M Scott

REGISTERED OFFICE:

Sandgate House

102 Quayside

Newcastle under Tyne

NE1 3DX

REGISTERED NUMBER:

03715122 (England and Wales)

ACCOUNTANTS:

Ballantyne & Company

Chartered Certified Accountants

60 St Enoch Square

Glasgow

Lanarkshire

G1 4AG

FIXED ASSETS

Tangible assets

4

10,124

1,725

CURRENT ASSETS

Debtors

5

33,806

48,854

Cash at bank and in hand

65,112

86,449

98,918

135,303

CREDITORS

Amounts falling due within one year

6

95,864

125,520

NET CURRENT ASSETS

3,054

9,783

TOTAL ASSETS LESS CURRENT LIABILITIES

13,178

11,508

CAPITAL AND RESERVES

Called up share capital

278,600

278,600

Retained earnings

(265,422

)

(267,092

)

SHAREHOLDERS' FUNDS

13,178

11,508

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were approved by the director on 1 July 2019 and were signed by:

M M Scott - Director

1.	STATUTORY INFORMATION

Leaseguard 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.

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

-

Straight line over 4 years

Computer equipment

-

Straight line over 1 years, Straight line over 3 years and Straight line over 4 years

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2018 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 May 2018

3,454

207,278

210,732

Additions

-

10,429

10,429

At 30 April 2019

3,454

217,707

221,161

DEPRECIATION

At 1 May 2018

3,454

205,553

209,007

Charge for year

-

2,030

2,030

At 30 April 2019

3,454

207,583

211,037

NET BOOK VALUE

At 30 April 2019

-

10,124

10,124

At 30 April 2018

-

1,725

1,725

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.19

30.4.18

£

£

Insurance debtor

14,289

16,991

Referencing debtors

18,642

11,322

Prepayments

875

20,541

33,806

48,854

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.19

30.4.18

£

£

Trade creditors

59,009

110,153

Amounts owed to group undertakings

3,970

2,770

Social security and other taxes

2,367

2,675

VAT

1,275

1,914

Accrued expenses

29,243

8,008

95,864

125,520