Living Leader Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09084514 (England and Wales)

Financial Statements

for the Year Ended 31 March 2020

for

LIVING LEADER LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs E P Littmoden

Ms P M Ferguson

REGISTERED OFFICE:

42 Lytton Road

Barnet

Hertfordshire

EN5 5BY

REGISTERED NUMBER:

09084514 (England and Wales)

ACCOUNTANTS:

Jeff Lermer & Associates

Chartered Accountants

42 Lytton Road

Barnet

Hertfordshire

EN5 5BY

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

8,226

12,278

8,226

12,278

CURRENT ASSETS

Debtors

6

93,434

520,915

Cash at bank

176,981

113,408

270,415

634,323

CREDITORS

Amounts falling due within one year

7

199,754

517,638

NET CURRENT ASSETS

70,661

116,685

TOTAL ASSETS LESS CURRENT LIABILITIES

78,887

128,963

CAPITAL AND RESERVES

Called up share capital

8

108

108

Retained earnings

9

78,779

128,855

SHAREHOLDERS' FUNDS

78,887

128,963

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 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 and authorised for issue on 23 December 2020 and were signed on its behalf by:

Ms P M Ferguson - Director

1.	STATUTORY INFORMATION

Living Leader 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.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of three years.

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.

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

-

33% on reducing balance

Fixtures and fittings

-

33% on reducing balance

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.

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 (2019 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2019

and 31 March 2020

1,500,000

AMORTISATION

At 1 April 2019

and 31 March 2020

1,500,000

NET BOOK VALUE

At 31 March 2020

-

At 31 March 2019

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 April 2019

and 31 March 2020

6,309

23,404

29,713

DEPRECIATION

At 1 April 2019

4,221

13,214

17,435

Charge for year

689

3,363

4,052

At 31 March 2020

4,910

16,577

21,487

NET BOOK VALUE

At 31 March 2020

1,399

6,827

8,226

At 31 March 2019

2,088

10,190

12,278

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Trade debtors

92,364

370,938

Other debtors

1,070

1,077

Directors' current accounts

-

101,500

Prepayments and accrued income

-

47,400

93,434

520,915

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Trade creditors

9,001

20,904

Amounts owed to group undertakings

3,132

6,608

Tax

31,684

65,246

Social security and other taxes

3,665

1,767

VAT

108,755

60,587

Other creditors

3,226

3,571

Directors' current accounts

41

-

Accruals and deferred income

40,250

358,955

199,754

517,638

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.20

31.3.19

value:

£

£

96

A Ordinary

£1

96

96

1

B Ordinary

£1

1

1

1

C Ordinary

£1

1

1

1

D Ordinary

£1

1

1

1

E Ordinary

£1

1

1

1

F Ordinary

£1

1

1

1

G Ordinary

£1

1

1

1

H Ordinary

£1

1

1

1

I Ordinary

£1

1

1

1

J Ordinary

£1

1

1

1

K Ordinary

£1

1

1

1

L Ordinary

£1

1

1

1

M Ordinary

£1

1

1

108

108

9.

RESERVES

Retained

earnings

£

At 1 April 2019

128,855

Profit for the year

123,124

Dividends

(173,200

)

At 31 March 2020

78,779

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at the balance sheet date, the directors owed the company, £nil (2019: £101,500).

11.	ULTIMATE CONTROLLING PARTY

The controlling party is Ms P M Ferguson.