Leafletfrog Limited,Ltd - AccountsLtd - Accounts

Leafletfrog Limited,Ltd - AccountsLtd - Accounts


2017-03-01 07938754 2018-02-28 07938754 2017-03-01 2018-02-28 07938754 2017-02-28 07938754 2016-03-01 2017-02-28 07938754 uk-core:WithinOneYear 2017-02-28 07938754 uk-core:WithinOneYear 2018-02-28 07938754 uk-core:AfterOneYear 2017-02-28 07938754 uk-core:AfterOneYear 2018-02-28 07938754 uk-core:ShareCapital 2018-02-28 07938754 uk-core:ShareCapital 2017-02-28 07938754 uk-core:RetainedEarningsAccumulatedLosses 2018-02-28 07938754 uk-core:RetainedEarningsAccumulatedLosses 2017-02-28 07938754 uk-bus:Director1 2017-03-01 2018-02-28 07938754 uk-core:NetGoodwill 2017-03-01 2018-02-28 07938754 uk-core:Buildings 2017-03-01 2018-02-28 07938754 uk-core:PlantMachinery 2017-03-01 2018-02-28 07938754 uk-core:ToolsEquipment 2017-03-01 2018-02-28 07938754 uk-core:CommercialMotorVehicles 2017-03-01 2018-02-28 07938754 uk-core:Goodwill 2017-02-28 07938754 uk-core:Goodwill 2018-02-28 07938754 uk-core:ToolsEquipment 2017-02-28 07938754 uk-core:CommercialMotorVehicles 2017-02-28 07938754 uk-core:PlantMachinery 2017-02-28 07938754 uk-core:Buildings 2017-02-28 07938754 uk-core:PlantMachinery 2018-02-28 07938754 uk-core:CommercialMotorVehicles 2018-02-28 07938754 uk-core:ToolsEquipment 2018-02-28 07938754 uk-core:Buildings 2018-02-28 iso4217:GBP 07938754 uk-bus:AuditExemptWithAccountantsReport 2017-03-01 2018-02-28 07938754 uk-bus:FRS102 2017-03-01 2018-02-28 07938754 uk-bus:FullAccounts 2017-03-01 2018-02-28 07938754 uk-bus:PrivateLimitedCompanyLtd 2017-03-01 2018-02-28
Leafletfrog Limited
Registered Number:07938754
For the year ended 28 February 2018
England and Wales
Unaudited Financial Statements
2
For the year ended 28 February 2018
Leafletfrog Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
As at 28 February 2018
Leafletfrog Limited
Statement of Financial Position
Registered Number :
07938754
£
£
2017
2018
Notes
Fixed assets
Intangible assets
5
5
2
Property, plant and equipment
251,022
407,421
3
251,027
407,426
Current assets
Trade and other receivables
47,332
58,391
4
35,943
Cash and cash equivalents
103,006
161,397
83,275
Trade and other payables: amounts falling due within one
year
(218,660)
(214,884)
5
(135,385)
(53,487)
Net current liabilities
Total assets less current liabilities
197,540
272,041
Trade and other payables: amounts falling due after more
than one year
(172,472)
(73,193)
6
(47,312)
(78,938)
Provisions for liabilities
77,035
Net assets
20,631
Capital and reserves
Called up share capital
100
100
Retained earnings
76,935
20,531
77,035
20,631
Shareholders' funds
For the year ended 28 February 2018 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 of its financial statements for the year ended 28 February 2018 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
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4
For the year ended 28 February 2018
Leafletfrog Limited
Statement of Financial Position Continued
M J Cropper Director
These financial statements were approved and authorised for issue by the Board on 22 October 2018 and were signed by:
The notes form part of these financial statements
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5
For the year ended 28 February 2018
Leafletfrog Limited
Notes to the Financial Statements
Statutory Information
Leafletfrog Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 07938754.
Registered address:
Units 38 - 39
Britannia Way
Bolton
Lancashire
BL2 2HH
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention
as modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of 5 years.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and buildings
10% Straight line
Plant and machinery
10% Straight line
33% Straight line
Computer equipment
25% Reducing balance
Motor vehicles
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
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6
For the year ended 28 February 2018
Leafletfrog Limited
Notes to the Financial Statements Continued
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 March 2017
150,000
At 28 February 2018
150,000
Amortisation
At 01 March 2017
149,995
At 28 February 2018
149,995
Net book value
At 28 February 2018
5
At 28 February 2017
5
3. Property, plant and equipment
Total
Computer
equipment
Motor vehicles
Plant and
machinery
Land and
buildings
£
£
£
£
£
Cost or
valuation
At 01 March 2017
596,461
11,964
330,397
250,500
3,600
27,663
4,813
22,850
-
-
Additions
(14,297)
(141,070)
-
-
Disposals
(155,367)
At 28 February 2018
250,500
212,177
2,480
468,757
3,600
Provision for depreciation and impairment
At 01 March 2017
189,040
10,640
89,971
87,199
1,230
Charge for year
63,322
1,542
36,370
25,050
360
(34,627)
(11,355)
(23,272)
-
-
On disposal
At 28 February 2018
217,735
827
103,069
112,249
1,590
At 28 February 2018
Net book value
2,010
138,251
109,108
1,653
251,022
At 28 February 2017
2,370
163,301
240,426
1,324
407,421
4. Trade and other receivables
2017
2018
£
£
Trade debtors
26,833
14,584
Other debtors
31,558
32,748
47,332
58,391
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7
For the year ended 28 February 2018
Leafletfrog Limited
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year
2017
2018
£
£
Trade creditors
102,308
130,977
Taxation and social security
55,427
30,830
Other creditors
57,149
56,853
214,884
218,660
6. Trade and other payables: amounts falling due after more than one year
2017
2018
£
£
Other creditors
73,193
172,472
7. Average number of persons employed
During the year the average number of employees was 12.
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