Leading Minds Worldwide Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 07818858 (England and Wales)

Leading Minds Worldwide Limited

Unaudited Financial Statements

for the period

1 October 2021 to 31 December 2022

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

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

FIXED ASSETS

Tangible assets

4

227

330

Investments

5

16,192

-

16,419

330

CURRENT ASSETS

Debtors

6

43,728

42,737

Cash at bank

88,462

93,103

132,190

135,840

CREDITORS

Amounts falling due within one year

7

59,307

54,290

NET CURRENT ASSETS

72,883

81,550

TOTAL ASSETS LESS CURRENT LIABILITIES

89,302

81,880

CREDITORS

Amounts falling due after more than one year

8

24,946

37,271

NET ASSETS

64,356

44,609

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

64,354

44,607

SHAREHOLDERS' FUNDS

64,356

44,609

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2022 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 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 18 April 2023 and were signed by:

Mrs M Staley - Director

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

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2021 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 October 2021

and 31 December 2022

619

DEPRECIATION

At 1 October 2021

289

Charge for period

103

At 31 December 2022

392

NET BOOK VALUE

At 31 December 2022

227

At 30 September 2021

330

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

Additions

16,192

At 31 December 2022

16,192

NET BOOK VALUE

At 31 December 2022

16,192

6.

DEBTORS

2022

2021

£

£

Amounts falling due within one year:

Trade debtors

17,887

16,896

Other debtors

-

25,841

17,887

42,737

Amounts falling due after more than one year:

Other debtors

25,841

-

Aggregate amounts

43,728

42,737

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 (2021: £25,841.03) which is non-interest bearing and repayable on demand.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Bank loans and overdrafts

10,313

10,473

Trade creditors

-

4,200

Taxation and social security

11,728

9,526

Other creditors

37,266

30,091

59,307

54,290

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Bank loans

24,946

37,271