Real Leadership Consulting Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09793218 (England and Wales)

Financial Statements for the Year Ended 31 October 2019

for

Real Leadership Consulting Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D Evans

REGISTERED OFFICE:

Southmoor Road

Manchester

M23 9XD

REGISTERED NUMBER:

09793218 (England and Wales)

ACCOUNTANTS:

Cobham Murphy

116 Duke Street

Liverpool

Merseyside

L1 5JW

FIXED ASSETS

Intangible assets

4

22,230

-

Tangible assets

5

40,438

58,508

62,668

58,508

CURRENT ASSETS

Debtors

6

141,023

84,534

Cash at bank

1,861

28,199

142,884

112,733

CREDITORS

Amounts falling due within one year

7

65,399

33,236

NET CURRENT ASSETS

77,485

79,497

TOTAL ASSETS LESS CURRENT LIABILITIES

140,153

138,005

PROVISIONS FOR LIABILITIES

3,861

2,480

NET ASSETS

136,292

135,525

CAPITAL AND RESERVES

Called up share capital

10

2

Retained earnings

136,282

135,523

SHAREHOLDERS' FUNDS

136,292

135,525

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 6 July 2020 and were signed by:

D Evans - Director

1.	STATUTORY INFORMATION

Real Leadership Consulting 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.	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.

Significant judgements and estimates

There are no judgements (apart from those involving estimates) that have had a significant effect on amounts

recognised in the financial statements.

Turnover

Turnover is derived from consultancy services and is measured at the fair value of the consideration received or

receivable, excluding discounts, rebates, value added tax and other sales taxes.

The company recognises revenue when the amount of revenue can be measured reliably and when it is probable

that future economic benefits will flow to the entity.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of five years.

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

-

33% on cost and 20% on cost

Financial instruments

Directors loans and intercompany loans (being repayable on demand) are measured at the undiscounted amount

of the cash or other consideration expected to be paid or received.

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.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

Additions

27,788

At 31 October 2019

27,788

AMORTISATION

Charge for year

5,558

At 31 October 2019

5,558

NET BOOK VALUE

At 31 October 2019

22,230

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 November 2018

89,681

Additions

8,067

At 31 October 2019

97,748

DEPRECIATION

At 1 November 2018

31,173

Charge for year

26,137

At 31 October 2019

57,310

NET BOOK VALUE

At 31 October 2019

40,438

At 31 October 2018

58,508

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.19

31.10.18

£

£

Amounts owed by associates

51,303

49,551

Other debtors

89,720

34,983

141,023

84,534

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.19

31.10.18

£

£

Taxation and social security

61,674

29,405

Other creditors

3,725

3,831

65,399

33,236

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.10.19

31.10.18

£

£

Within one year

5,811

-

Between one and five years

9,201

-

15,012

-

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included in debtors is £83,806 (2018: £19,880) due from the director which is repayable on demand. Interest is

charged at a rate of 3.25%.

10.	RELATED PARTY DISCLOSURES

Included in debtors is £51,303 (2018: £49,551) due from a company under common control with Real

Leadership Consulting Limited which is interest free and repayable on demand.