Accounts filed on 31-12-2014
Accounts filed on 31-12-2014
trueLeading Edge Only Limited082440582014-12-31-101562-15554744146042110631013174913749627441460421376005250011201411292190717104201220241620011274112040122236471211051855689212978720212978720Basis of accounting
The financial statements have been prepared under the historical cost convention, and in accordance with applicable UK accounting standards.
Cash flow statement
The directors have taken advantage of the exemption in Financial Reporting Standard No 1 (Revised 1996) from including a cash flow statement in the financial statements on the grounds that the company is small.
Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.
Fixed Assets
All fixed assets are initially recorded at cost.
Financial Instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Plant & MachineryMethod for Plant & equipment0.2000EquipmentMethod for Equipment0.3300269421090018222564521805645269421090018222564521805645£0.01p Ordinary1062500.0110631013£0.01p Ordinary0.0110631013106250Ordinary1505050During the year Mr S Sharp received the following total advances and credits to his loan account:-
TotalTotal
AdvancesCredits
££
Mr S Sharp7,7474,135
The loan account was in debit at 31 December 2014 to £3,612 (2013: 38,587). The maximum repayable in the year was £7,747.
The loan is interest free with no fixed terms for repayment.2015-09-30Mr S Sharptruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureLeading Edge Only Limited2014-01-012014-12-31Leading Edge Only Limited2012-10-082013-12-31Leading Edge Only Limited2012-10-07Leading Edge Only Limited2013-12-31Leading Edge Only Limited2013-12-31Leading Edge Only Limited2014-12-31 2015-09-30
