Company Registration No. 10079231 (England and Wales)
Leader and Team Limited
Unaudited accounts
for the year ended 31 March 2022
Leader and Team Limited
Unaudited accounts
Contents
Leader and Team Limited
Company Information
for the year ended 31 March 2022
Company Number
10079231 (England and Wales)
Registered Office
New Kings Court Tollgate
Chandler's Ford
Eastleigh
Hampshire
SO53 3LG
Leader and Team Limited
Statement of financial position
as at 31 March 2022
Tangible assets
2,045
3,579
Cash at bank and in hand
65,534
26,496
Creditors: amounts falling due within one year
(59,122)
(24,017)
Net current assets
13,209
4,009
Total assets less current liabilities
15,254
7,588
Provisions for liabilities
Called up share capital
100
100
Profit and loss account
14,766
6,808
Shareholders' funds
14,866
6,908
For the year ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 5 May 2022 and were signed on its behalf by
D B Wales
Director
Company Registration No. 10079231
Leader and Team Limited
Notes to the Accounts
for the year ended 31 March 2022
Leader and Team Limited is a private company, limited by shares, registered in England and Wales, registration number 10079231. The registered office is New Kings Court Tollgate, Chandler's Ford, Eastleigh, Hampshire, SO53 3LG.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20-33% on cost
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Leader and Team Limited
Notes to the Accounts
for the year ended 31 March 2022
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Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2021
778
4,438
5,216
At 31 March 2022
888
4,438
5,326
At 1 April 2021
320
1,317
1,637
Charge for the year
167
1,477
1,644
At 31 March 2022
487
2,794
3,281
At 31 March 2022
401
1,644
2,045
At 31 March 2021
458
3,121
3,579
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Debtors: amounts falling due within one year
2022
2021
Accrued income and prepayments
468
370
6
Creditors: amounts falling due within one year
2022
2021
Taxes and social security
20,753
10,924
Loans from directors
30,610
6,456
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
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Average number of employees
During the year the average number of employees was 1 (2021: 1).
