Company Registration No. 10079231 (England and Wales)
Leader and Team Limited
Unaudited accounts
for the year ended 31 March 2024
Leader and Team Limited
Unaudited accounts
Contents
Leader and Team Limited
Company Information
for the year ended 31 March 2024
Company Number
10079231 (England and Wales)
Registered Office
15 Waverley Drive
Camberley
GU15 2DJ
Accountants
Switchfoot Accounting Limited
147 Frimley Road
Camberley
Surrey
GU15 2PS
Leader and Team Limited
Statement of financial position
as at 31 March 2024
Cash at bank and in hand
19,683
50,827
Creditors: amounts falling due within one year
(27,476)
(36,353)
Net current assets
228
21,993
Total assets less current liabilities
784
23,832
Provisions for liabilities
Called up share capital
100
100
Profit and loss account
566
23,383
Shareholders' funds
666
23,483
For the year ending 31 March 2024 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 June 2024 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 2024
Leader and Team Limited is a private company, limited by shares, registered in England and Wales, registration number 10079231. The registered office is 15 Waverley Drive , Camberley , GU15 2DJ.
2
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 2024
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2023
888
4,469
5,357
At 31 March 2024
1,155
4,469
5,624
At 1 April 2023
575
2,943
3,518
Charge for the year
258
1,292
1,550
At 31 March 2024
833
4,235
5,068
At 31 March 2024
322
234
556
At 31 March 2023
313
1,526
1,839
Amounts falling due within one year
Accrued income and prepayments
510
567
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
18,810
23,002
Loans from directors
644
-
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
