Leading Solutions Southern Limited Filleted accounts for Companies House (small and micro)

LEADING SOLUTIONS SOUTHERN LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 08800206

Leading Solutions Southern Limited

Filleted Unaudited Financial Statements

31 December 2022

Leading Solutions Southern Limited

Financial Statements

Year ended 31 December 2022

Contents	Page

Statement of financial position	1

Notes to the financial statements	2

Leading Solutions Southern Limited

Statement of Financial Position

31 December 2022

	2022		2021
Note	£	£	£	£

Current assets

Debtors	4	19,853	456,780
Cash at bank and in hand		1,549	2,022
		--------	----------
		21,402	458,802

Creditors: amounts falling due within one year	5	4,092		439,558
		--------		----------
Net current assets			17,310		19,244
			--------		--------
Total assets less current liabilities			17,310		19,244
			--------		--------
Net assets			17,310		19,244
			--------		--------

Capital and reserves

Called up share capital	6	1,000	1,000
Profit and loss account		16,310	18,244
		--------	--------
Shareholders funds		17,310	19,244
		--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 20 September 2023 , and are signed on behalf of the board by:

Mr. T. Diviney
Director

Company registration number: 08800206

Leading Solutions Southern Limited

Notes to the Financial Statements

Year ended 31 December 2022

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 2-3 Little Burrow, Welwyn Garden City, Hertfordshire, AL7 4SP.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost .

4. Debtors

	2022	2021
	£	£
Corporation tax repayable	534	535
Other debtors	19,319	456,245
	--------	----------
	19,853	456,780
	--------	----------

5. Creditors: amounts falling due within one year

	2022	2021
	£	£
Trade creditors	2,292	–
Accruals and deferred income	1,800	1,800
Social security and other taxes	–	437,758
	-------	----------
	4,092	439,558
	-------	----------

6. Called up share capital

Issued, called up and fully paid

	2022		2021
	No.	£	No.	£
Ordinary shares of £ 1 each	1,000	1,000	1,000	1,000
	-------	-------	-------	-------

7. Related party transactions

The amounts owed by related parties are in respect of short-term interest free loans.

	2022	2021
	£	£
Balance owed by:
Other related parties	19,319	456,245
	--------	----------