Leonard Technologies Ltd - Accounts to registrar - small 17.2

REGISTERED NUMBER: 04921831 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2016

FOR

LEONARD TECHNOLOGIES & INDUSTRIES

LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

S Leonard

SECRETARY:

S S Leonard

REGISTERED OFFICE:

Ferrari House

258 Field End Road

Eastcote

Middlesex

HA4 9UU

REGISTERED NUMBER:

04921831 (England and Wales)

ACCOUNTANTS:

Diverset Limited

Chartered Accountants

Ferrari House

258 Field End Road

Ruislip

Middlesex

HA4 9UU

FIXED ASSETS

Tangible assets

4

1,687

2,250

CURRENT ASSETS

Debtors

5

5,878

5,112

Cash at bank and in hand

14,402

11,623

20,280

16,735

CREDITORS

Amounts falling due within one year

6

19,626

18,319

NET CURRENT ASSETS/(LIABILITIES)

654

(1,584

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,341

666

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

8

2,241

566

SHAREHOLDERS' FUNDS

2,341

666

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 18 September 2017 and were signed by:

S Leonard - Director

1.	STATUTORY INFORMATION

Leonard Technologies & Industries 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

These financial statements for the year ended 31 December 2016 are the first financial statements that comply with FRS

102 Section 1A "Small Entities". The date of transition is 1 January 2016.

The transition to FRS 102 Section 1A "Small Entities" has not resulted in any changes in accounting policies to those used

previously.

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 year 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme

are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2016

and 31 December 2016

27,152

DEPRECIATION

At 1 January 2016

24,902

Charge for year

563

At 31 December 2016

25,465

NET BOOK VALUE

At 31 December 2016

1,687

At 31 December 2015

2,250

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade debtors

2,064

1,300

Other debtors

3,814

3,812

5,878

5,112

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Payments on account

-

1,032

Trade creditors

1,351

965

Taxation and social security

12,357

10,561

Other creditors

5,918

5,761

19,626

18,319

7.	DEFERRED TAX

£

Balance at 1 January 2016

(131

)

Credit to Income Statement during year

(8

)

Balance at 31 December 2016

(139

)

8.

RESERVES

Retained

earnings

£

At 1 January 2016

566

Profit for the year

16,875

Dividends

(15,200

)

At 31 December 2016

2,241

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2016 and

31 December 2015:

2016

2015

£

£

S Leonard

Balance outstanding at start of year

3,680

2,843

Amounts advanced

43,407

23,510

Amounts repaid

(43,413

)

(22,673

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

3,674

3,680

10.	ULTIMATE CONTROLLING PARTY

The controlling party is S Leonard.

The ultimate controlling party is S Leonard.