Company Registration No. 10191456 (England and Wales)
GOOD TO LEAD LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2017
PAGES FOR FILING WITH REGISTRAR
GOOD TO LEAD LTD
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 3
GOOD TO LEAD LTD
STATEMENT OF FINANCIAL POSITION
- 1 -
2017
Notes
£
£
Current assets
Trade and other receivables
121,381
Cash and cash equivalents
185,127
306,508
Current liabilities
(306,440)
Net current assets
68
Equity
Called up share capital
3
1
Retained earnings
67
Total equity
68
In accordance with section 444 of the Companies Act 2006 all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (S.I. 2008/409)(b).
The director of the company have elected not to include a copy of the income statement within the financial statements.true
For the financial Period ended 31 May 2017 the company was entitled to exemption from audit under section 477 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 financial statements.
The member has not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and signed by the director and authorised for issue on 5 September 2017
Marc Wiesner
Director
Company Registration No. 10191456
GOOD TO LEAD LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2017
- 2 -
1
Accounting policies
Company information
Good To Lead Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 73 Green Pond Close, Walthamstow, London, E17 6EE.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
1.2
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
1.3
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.
1.4
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
No tax has been deferred.
1.5
Foreign exchange
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation are included in the income statement for the period.
2
Employees
The average monthly number of persons (including directors) employed by the company during the Period was 1.
GOOD TO LEAD LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MAY 2017
- 3 -
3
Called up share capital
2017
£
Ordinary share capital
Issued and fully paid
1 Ordinary of £1 each
1
1
The share has full rights in the company in respect to voting, dividends and distributions.
4
Parent company
Marc Wiesner is the ultimate beneficial owner and sole controlling party of the company.