Leading Minds Worldwide Limited - Accounts to registrar (filleted) - small 18.2

Leading Minds Worldwide Limited - Accounts to registrar (filleted) - small 18.2

LEADING MINDS WORLDWIDE LIMITED - Company Information

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REGISTERED NUMBER: 07818858 (England and Wales)















Leading Minds Worldwide Limited

Unaudited Financial Statements

for the Year Ended 30 September 2021





Grenfell James Associates Limited
13 The Courtyard
Timothys Bridge Road
Stratford Upon Avon
Warwickshire
CV37 9NP








Leading Minds Worldwide Limited (Registered number: 07818858)






Contents of the Financial Statements
for the year ended 30 September 2021




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 5


Leading Minds Worldwide Limited

Company Information
for the year ended 30 September 2021







DIRECTOR: Mrs M Staley





REGISTERED OFFICE: 13 The Courtyard
Timothy's Bridge Road
Stratford upon Avon
Warwickshire
CV37 9NP





REGISTERED NUMBER: 07818858 (England and Wales)





ACCOUNTANTS: Grenfell James Associates Limited
13 The Courtyard
Timothys Bridge Road
Stratford Upon Avon
Warwickshire
CV37 9NP
Page 1
Leading Minds Worldwide Limited (Registered number: 07818858)

Balance Sheet
30 September 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 330 440

CURRENT ASSETS
Debtors 5 42,737 37,506
Cash at bank 93,103 51,990
135,840 89,496
CREDITORS
Amounts falling due within one year 6 54,290 23,736
NET CURRENT ASSETS 81,550 65,760
TOTAL ASSETS LESS CURRENT
LIABILITIES
81,880
66,200

CREDITORS
Amounts falling due after more than one
year
7
37,271
50,000
NET ASSETS 44,609 16,200

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 44,607 16,198
SHAREHOLDERS' FUNDS 44,609 16,200

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2021 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 notes form part of these financial statements

Page 2 continued...
Leading Minds Worldwide Limited (Registered number: 07818858)

Balance Sheet - continued
30 September 2021


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 director and authorised for issue on 21 December 2021 and were signed by:





Mrs M Staley - Director


The notes form part of these financial statements

Page 3
Leading Minds Worldwide Limited (Registered number: 07818858)

Notes to the Financial Statements
for the year ended 30 September 2021

1. STATUTORY INFORMATION

Leading Minds Worldwide 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 represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on reducing balance

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 October 2020
and 30 September 2021 619
DEPRECIATION
At 1 October 2020 179
Charge for year 110
At 30 September 2021 289
NET BOOK VALUE
At 30 September 2021 330
At 30 September 2020 440

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 16,896 11,665
Other debtors 25,841 25,841
42,737 37,506

Page 4 continued...
Leading Minds Worldwide Limited (Registered number: 07818858)

Notes to the Financial Statements - continued
for the year ended 30 September 2021

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

Thought Expansion Network Limited

A company in which Ms Staley was a director

A balance is owed by the above named company at the balance sheet date totalling £25,841.03 (2020: £25,841.03) which is non-interest bearing and repayable on demand.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts 10,473 279
Trade creditors 4,200 -
Taxation and social security 9,526 4,022
Other creditors 30,091 19,435
54,290 23,736

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2021 2020
£    £   
Bank loans 37,271 50,000

Page 5