Lealt Energy Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10224371 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2018

for

Lealt Energy Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

I K McNeill

REGISTERED OFFICE:

9 South Side

Stamford Brook

London

W6 0XY

REGISTERED NUMBER:

10224371 (England and Wales)

ACCOUNTANTS:

Humm Accountancy Services Limited

19 Bowood Road

London

SW11 6PE

FIXED ASSETS

Tangible assets

4

202

403

CURRENT ASSETS

Debtors

5

15,830

-

Cash at bank

36

5,642

15,866

5,642

CREDITORS

Amounts falling due within one year

6

15,142

5,619

NET CURRENT ASSETS

724

23

TOTAL ASSETS LESS CURRENT LIABILITIES

926

426

RESERVES

Retained earnings

926

426

926

426

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 16 October 2018 and were signed by:

I K McNeill - Director

1.	STATUTORY INFORMATION

Lealt Energy 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.

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: 33.3%

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2017

and 31 March 2018

605

DEPRECIATION

At 1 April 2017

202

Charge for year

201

At 31 March 2018

403

NET BOOK VALUE

At 31 March 2018

202

At 31 March 2017

403

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/18

31/3/17

£

£

Trade debtors

13,250

-

Other debtors

2,580

-

15,830

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/18

31/3/17

£

£

Taxation and social security

14,542

3,727

Other creditors

600

1,892

15,142

5,619

7.	RELATED PARTY DISCLOSURES

As at 31 March 2018 the director owed the company £2,808 (2017: - £1,116). The overdrawn loan

account balance was fully repaid by 1 September 2018.